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CryptoCurrency

Texas Crypto Company Lejilex Throws Down Gauntlet against SEC

  • Last year, the company aimed to list digital assets, including those contested by Coinbase and Binance.
  • Previous rulings on Ripple Labs and Terraform Labs did not address the applicability of the doctrine to crypto.
Thursday, 22/02/2024 | 07:34 GMT by Tareq Sikder
CryptoCurrency

Circle Cuts Ties with USDC Token Support on Tron Blockchain

  • Institutional clients have until February 2025 to transfer or redeem USDC held on Tron.
  • USDC worth $335 million is hosted on Tron, as reported on Circle's website.
Wednesday, 21/02/2024 | 09:22 GMT by Tareq Sikder
CryptoCurrency

Sunak Government Sets Summer Deadline for Stablecoins and Crypto Staking Clampdown

  • The UK government wants to introduce crypto regulations within six months.
  • The main aim is to enhance consumer protection and foster ethical innovation.
Tuesday, 20/02/2024 | 12:18 GMT by Damian Chmiel
CryptoCurrency

Bithumb's Struggles Highlight Crypto Banking Integration in South Korea

  • KB Kookmin Bank informed the firm not to partner to provide real-name accounts.
  • The firm's current contract with NH NongHyup Bank is due to expire on March 24.
Friday, 16/02/2024 | 10:00 GMT by Tareq Sikder
CryptoCurrency

Coinfluence: The Magnetic Pull of Cryptocurrencies on Global Finance

  • On cryptocurrency adoption and global economic stability.
Tuesday, 13/02/2024 | 18:35 GMT by Pedro Ferreira
CryptoCurrency

South Korean Financial Watchdog Turns to SEC for Bitcoin ETF Guidance

  • The FSS chief has planned to visit major financial markets like New York in 2024.
  • Earlier, South Korea's President’s office challenged FSC on Bitcoin ETFs.
Monday, 05/02/2024 | 09:50 GMT by Tareq Sikder
CryptoCurrency

Bitcoin Winter Hits Argo: A Look into Its Sluggish Start in 2024

  • Argo Blockchain's Bitcoin mining fell 20% in January 2024 due to reduced BTC prices.
  • This translated into a revenue decline to $5.3 million last month.
Monday, 05/02/2024 | 09:23 GMT by Damian Chmiel
CryptoCurrency

Hong Kong: Crypto Investors Face Deadline to Switch to Licensed Platforms

  • Crypto exchanges in Hong Kong must be licensed by 29 February.
  • The regulator wants traders to close accounts with unlicensed entities by May 31 or move to licensed ones.
Monday, 05/02/2024 | 06:43 GMT by Arnab Shome
CryptoCurrency

OPNX: Crypto Exchange of 3AC Co-Founders to Shut Down This Month

  • The exchange allows trading with cryptocurrencies and bankruptcy claims.
  • It will close down all operations on February 14.
Friday, 02/02/2024 | 08:29 GMT by Arnab Shome
Interviews

“New Strategies Will Hit the Market on Bitcoin ETFs' Back”: Hidden Road’s Michael Higgins

  • After his Davos appearance, Higgins recently sat down with Finance Magnates to share his insights on Bitcoin and the SEC-approved ETFs.
  • “FX and CFDs traders are natural Bitcoin users,” said Higgins.
Thursday, 01/02/2024 | 13:40 GMT by Arnab Shome
CryptoCurrency

Bankrupt FTX Plans to Repay Creditors in Full: Squashes Restart Ploy

  • The creditors will be repaid based on the value of digital assets at the time of bankruptcy.
  • The administrators failed to convince investors or buyers to restart the exchange.
Thursday, 01/02/2024 | 06:13 GMT by Arnab Shome
CryptoCurrency

Bitfinex and Synonym's Collaboration Elevates Lightning Network Transactions

  • The clients can connect to the Lightning Channel feature, powered by Blocktank.
  • The firm's major Lightning nodes facilitate over 12,000 monthly transactions.
Thursday, 18/01/2024 | 18:21 GMT by Tareq Sikder
CryptoCurrency

"No Go to Fomo": SEC Reissues Warning Ahead of Bitcoin ETF Decision

  • The regulator first issued a warning against FOMO in January 2021.
  • The warning came when the crypto market anticipated spot Bitcoin ETF approval.
Monday, 08/01/2024 | 06:50 GMT by Arnab Shome
CryptoCurrency

Security Gains in Cryptocurrency, Yet $2 Billion Lost to Scams and Hacks

  • The fund recovery rate surged from 2% in 2022 to an impressive 10% in the latest figures.
  • Ethereum faced substantial losses, losing about $1.35 billion in 170 incidents.
Wednesday, 27/12/2023 | 14:08 GMT by Tareq Sikder
CryptoCurrency

China Busts $2.2B Money Laundering Ring Involving Crypto Platforms

  • The underground operations transferred the money utilizing over a thousand bank accounts.
  • China only allows foreign exchange transactions up to $50,000 a year.
Wednesday, 27/12/2023 | 07:37 GMT by Arnab Shome
CryptoCurrency

President Javier Milei's Move: Argentina Legalizes Crypto amid Economic Challenges

  • The economic reform permits crypto payments, irrespective of legal tender status.
  • Legalizing crypto payments presents challenges, including security and market stability.
Friday, 22/12/2023 | 07:52 GMT by Tareq Sikder
CryptoCurrency

Crypto in Commerce: Study Reveals 60 Retail Titans Embracing Digital Currency

  • Food & Dining claims the second spot with 54 companies.
  • Luxury Retail takes third place with 35 companies, including brands, such as Gucci and Ralph Lauren.
Monday, 18/12/2023 | 09:48 GMT by Tareq Sikder
CryptoCurrency

Philippine SEC Sets Deadline for Binance Ban Enforcement Citing Licensing Concerns

  • The authority has set a three-month ban effective from November 29.
  • Local investors are advised to choose from 17 registered VASPs offering fiat-to-crypto services.
Thursday, 14/12/2023 | 11:35 GMT by Tareq Sikder
CryptoCurrency

Web3 Unleashed: Bitget Wallet Partners with Linea for Ethereum Layer 2

  • Wallet users can access Linea's mainnet via the mobile app and browser extension.
  • BitKeep was rebranded as Bitget Wallet after a $30 million capital infusion from Bitget in March.
Thursday, 14/12/2023 | 10:29 GMT by Tareq Sikder
CryptoCurrency

DWS, Galaxy Digital, and Flow Traders Forge Alliance to Launch EUR Stablecoin

  • The new venture will adhere to BaFin oversight to ensure compliance.
  • As part of the collaboration, it will utilize GK8's tokenization and custodial technology.
Wednesday, 13/12/2023 | 12:43 GMT by Tareq Sikder
CryptoCurrency

FOMO Trumps Exchange Chaos: Bitcoin Surpasses $40K

  • This is the first time Bitcoin crossed the $40,000 mark in 19 months.
  • The prices of other cryptocurrencies also went up.
Monday, 04/12/2023 | 04:07 GMT by Arnab Shome
CryptoCurrency

Paxos Secures In-Principle Approvals for Stablecoin Issuance in Abu Dhabi

  • Upon full approval, the firm will expand its regulated USD-backed stablecoins globally.
  • Earlier, the firm obtained in-principle approval from the Monetary Authority of Singapore.
Wednesday, 29/11/2023 | 17:22 GMT by Tareq Sikder
CryptoCurrency

Blockchain.com Banks $110 Million: Valuation Cut to Half

  • Kingsway Capital led the funding round.
  • The platform has 40 million verified users.
Wednesday, 15/11/2023 | 10:08 GMT by Arnab Shome
CryptoCurrency

One-Way Lane: Crypto Firms Hire Top Regulators, while SEC Struggles to Find Staff

  • Peter Marton, formerly of NYDFS, joins Fireblocks in latest ongoing switch from regulation to crypto.
  • Meanwhile, the SEC is struggling to fill its open positions for crypto regulators.
Wednesday, 08/11/2023 | 13:39 GMT by Sam White
Retail FX

Robinhood Eyes Europe for Expansion: Q3 Crypto Revenue Plunges 55% YoY

  • The broker is currently offering crypto trading only in the US.
  • It reported a net loss of $85 million in Q3.
Wednesday, 08/11/2023 | 06:45 GMT by Arnab Shome
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