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MultiBank Sets Up in UAE with MEX Digital’s VARA License for Crypto Assets
- The firm reports net assets exceeding $583 million and daily trading volumes of $15.6 billion.
- It serves over one million traders in 90 countries and operates under 15 global licenses.
Friday, 11/10/2024 | 16:42 GMT by
Tareq Sikder
Nigerian Court Denies Binance's Tigran Gambaryan Bail amid Health Concerns
- Gambaryan has been detained since February for currency manipulation and laundering.
- Binance has advocated his release, claiming authorities demanded a “secret” payment to resolve their issues.
Friday, 11/10/2024 | 11:02 GMT by
Tareq Sikder
Ripple Custody Division Debuts for Banks and Fintech amid SEC Appeal over XRP
- The firm's custody services reported over 250% growth and aim to compete with custodians like Coinbase and Fireblocks.
- The custody market is projected to reach $16 trillion by 2030, highlighting growth in digital assets.
Thursday, 10/10/2024 | 09:06 GMT by
Tareq Sikder
25 Illegal Crypto Websites Exposed by French Regulator—Investors Beware
- The AMF has warned the public about unauthorized crypto-asset websites operating illegally in France.
- Investors are advised to consult the watchdog's whitelist of authorized providers to avoid unlicensed digital asset services.
Wednesday, 09/10/2024 | 12:12 GMT by
Damian Chmiel
Wirex Pay Rolls Out Non-Custodial Wallet for Global Crypto Transactions
- The app's early access is now live for select users, allowing crypto payments in over 200 countries.
- The platform uses ID verification to protect accounts and grant users control over their assets.
Wednesday, 09/10/2024 | 09:47 GMT by
Tareq Sikder
SEC Escalates Crypto Scrutiny: Unregistered Offerings Lead Surge in Lawsuits
- Finbold's research shows that the SEC's litigations rose to 12 in the third quarter from 3 reported in Q2.
- The regulator focused on unregistered offerings as the most common violation.
Tuesday, 08/10/2024 | 17:34 GMT by
Jared Kirui
Finery Markets Expands Liquidity Pool, Partners With $20 Billion Volume Provider
- Both companies aim to boost trading volumes and liquidity options for institutional clients.
- During Q2 2024 alone, Stillman Digital facilitated over $5 billion in trading volumes.
Tuesday, 08/10/2024 | 10:59 GMT by
Damian Chmiel
11 Crypto Platforms Under Review as Hong Kong Faces Criticism on Strict Regulations
- The SFC plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.
- Despite efforts to attract major players, OKX and Bybit withdrew their applications.
Tuesday, 08/10/2024 | 08:40 GMT by
Tareq Sikder
92% of Asset Managers Expect More Digital Asset Funds from Traditional Firms - Survey
- Nickel Digital’s research shows that 70% of institutional investors and asset managers expect a surge in digital asset-focused funds.
- Nearly 93% of surveyed financial institutions believe more traditional firms will enter the crypto space in three years.
Monday, 07/10/2024 | 18:31 GMT by
Jared Kirui
SEC Claims Lejilex’s Lawsuit Seeks to “Redefine Crypto as Non-Security”
- Lejilex states it will facilitate crypto transactions and not sell securities, and it also accuses the SEC of overreach.
- Coinbase's legal officer criticized the SEC's “inconsistent arguments” on digital assets.
Friday, 04/10/2024 | 11:24 GMT by
Tareq Sikder
Kraken's 24/7 Derivatives Platform in Bermuda Obtains Regulatory Approval
- The new global derivatives venue in Bermuda allows clients to trade over 200 contracts.
- Clients in eligible jurisdictions can access the platform through APIs and web/mobile applications.
Thursday, 03/10/2024 | 15:10 GMT by
Tareq Sikder
Cybersecurity Losses Surge to $2.1 Billion in 2024; WazirX Seeks Court Protection
- CeFi entities have experienced a nearly 1,000% increase in hacking incidents, including a $305 million breach at DMM Bitcoin, according to Cyvers.
- WazirX sought a six-month moratorium after a $234 million hack in July affecting 45% of customer funds.
Wednesday, 02/10/2024 | 08:17 GMT by
Tareq Sikder
Iran’s Missile Strike on Israel Sends Crypto Prices Tumbling
- Iran launched missiles at Israel, causing drops in Bitcoin, Ethereum, and Solana prices.
- Safe-haven status of Bitcoin is tested as geopolitical tensions continue.
- Uptober’s bullish momentum is threatened as investors react to heightened instability.
Wednesday, 02/10/2024 | 07:00 GMT by
Louis Parks
Binance Secures 20th Regulatory Approval as a VASP from Argentina's CNV
- The registration enables the firm to provide its full range of services to users in Argentina.
- Last month, the Kazakhstan unit received formal consent from the AFSA for the full license.
Tuesday, 01/10/2024 | 16:45 GMT by
Tareq Sikder
Robinhood Introduces Crypto Transfers for EU Customers, Eyes Market Share
- The new feature allows users to deposit and withdraw over 20 cryptocurrencies.
- "Support for deposits and withdrawals gives customers more control over their crypto," Robinhood commented.
Tuesday, 01/10/2024 | 07:25 GMT by
Damian Chmiel
Ripple’s XRP Price Explosion: Why It’s Happening and What’s Next
- Buckle Up, Crypto Enthusiasts—XRP is on the Rise!
- XRP's price surged by 5% due to whale accumulation and rising optimism among investors.
- Analysts predict a potential 30% increase in October, but there are risks to consider.
Monday, 30/09/2024 | 07:42 GMT by
Louis Parks
Crypto Firms Must Toe the Line with Dubai VARA’s Compliance Regulations
- Companies promoting digital assets must include a visible warning that they may lose value and are highly volatile.
- This announcement has followed an agreement between VARA and the SCA.
Thursday, 26/09/2024 | 10:48 GMT by
Tareq Sikder
Binance Serves Users Despite 2023 Exit, Sees 43% Decline in Russian Traffic
- The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
- It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Thursday, 26/09/2024 | 08:33 GMT by
Tareq Sikder
South Korea’s FSC Endorses Nonprofit to Secure Crypto Assets after Exchange Closures
- The Digital Asset Protection Foundation will work to return assets to users from defunct crypto exchanges.
- Out of 22 crypto exchanges in the country, 10 have closed and 3 have temporarily suspended operations.
Wednesday, 25/09/2024 | 08:34 GMT by
Tareq Sikder
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