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Cryptocurrency
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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Managing Your Crypto Portfolio in Q4
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CryptoCurrency
A Change In 7 Years: Binance Forms a Seven-Member Board of Directors
2024-04-02T06:56:12.274+02:00
The Board is being chaired by Gabriel Abed, the former ambassador of Barbados to the UAE.
The Board includes other long-term Binance employees and its CEO.
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CryptoCurrency
Indonesia Implements Sandbox for Crypto Firms Ahead of OJK Oversight
2024-03-28T11:45:15.559+02:00
In January 2025, Indonesia will transfer crypto regulatory oversight from Bappebti to OJK.
With the regulatory changes, crypto assets may shift from commodities to financial instruments.
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CryptoCurrency
Novogratz’s Galaxy Digital Becomes Profitable in 2023 with a Push in Crypto Prices
2024-03-27T07:19:17.598+02:00
The company ended Q4 with a net income of $302 million and the year with $296 million.
Its AUM reached $10.1 billion at the end of February 2024.
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CryptoCurrency
KuCoin and Founders Face US Prosecution over Alleged AML Violations
2024-03-26T18:16:23.095+02:00
The firm served 30 million customers without KYC or AML programs until 2023.
The indictment has alleged that over $3.2 million in crypto was received from Tornado Cash.
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CryptoCurrency
LSE Opens Doors to Bitcoin and Ethereum ETN Applications
2024-03-25T19:49:12.246+02:00
The proposed commencement date for trading these Crypto ETN securities is May 28.
The Exchange's decision hinges on the FCA's approval of base prospectuses.
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CryptoCurrency
N26 Crypto Arrives: Broadening Investment Options for French Users
2024-03-22T15:40:32.231+02:00
Clients with French or German IBANs can access N26 Crypto across all membership tiers.
The firm has partnered with Bitpanda GmbH to create and introduce N26 Crypto.
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CryptoCurrency
Crypto in Business: Understanding the Potential Impact on Small Enterprises
2024-03-21T14:56:06.700+02:00
Small businesses can use cryptocurrency for payments, wallets, and accounting, but must beware of risks.
Cryptocurrency poses risks including market fluctuations, legal uncertainties, and fraudulent activities for small businesses.
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CryptoCurrency
Zodia Custody Secures TCSP License in Hong Kong for Digital Asset Custody
2024-03-18T15:34:48.967+02:00
The license enables catering to both local and international institutional clients' demands.
The firm pursued Asian market expansion with recent ventures in Japan and Singapore.
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CryptoCurrency
SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
2024-03-15T12:49:25.642+02:00
MEXC has neither obtained a license from the SFC nor started the process to operate a VATP in Hong Kong.
Earlier, the regulator issued a warning to investors regarding Bybit and its offerings.
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CryptoCurrency
Nigeria Presses Binance amid Economic Turmoil and Detains Executives
2024-03-13T18:21:12.539+02:00
The authorities demand user data of the top 100 users and six months of transactions.
Binance faces intensified crackdown by authorities for alleged currency speculation.
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CryptoCurrency
Coinbase Challenges SEC in Court, Seeks Crypto-Specific Rules Again
2024-03-12T06:49:09.493+02:00
The crypto exchange accused the agency of breaking the law in denying crypto-specific rulemaking.
Earlier, the SEC said that the existing market rules apply to crypto.
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CryptoCurrency
US District Court Closes Case on Alleged Crypto Asset Trading Scheme
2024-03-11T17:57:16.576+02:00
The SEC alleged privileged information was shared by a former Coinbase manager.
Sameer Ramani has been ordered to pay $817,602 in disgorgement and a $1,635,204 civil penalty.
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CryptoCurrency
Do Kwon's Fate Sealed: Montenegrin Court Rules for South Korean Extradition
2024-03-07T19:44:31.759+02:00
The High Court ruled to extradite Kwon to the US following the appeals court's reversal.
Meanwhile, the US SEC sought summary judgment against Kwon and Terraform Labs.
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CryptoCurrency
What is the Bitcoin Halving? Unveiling the Most Important Event in Bitcoin's History
2024-03-07T18:32:53.169+02:00
The April 2024 halving, deemed the most significant to date, will reduce the block reward from 6.25 bitcoins to 3.125.
The emergence of spot Bitcoin ETFs and the enhancement in regulatory clarity are distinctive features unique to the current event.
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CryptoCurrency
Hut 8 Shuts Canadian Bitcoin Mining Site to Strengthen Efficiency and Financials
2024-03-07T11:19:28.736+02:00
It will relocate the efficient Bitcoin miners from the closed site to another site.
The relocation would increase the Bitcoin mined per EH by about 11 percent.
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CryptoCurrency
Revolut and MetaMask Forge Alliance to Introduce Revolut Ramp
2024-03-06T11:46:47.098+02:00
The integration facilitates crypto additions to self-custodial wallets for UK and EEA users.
The users also have the option to conduct transactions using Visa or Mastercard cards.
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CryptoCurrency
BitForex Plunges Offline amidst $57 Million Crypto Withdrawal Mystery
2024-02-27T09:51:31.395+02:00
The shutdown amid the withdrawal mystery echoes past Japanese regulatory warnings.
In September 2023, the firm ranked among the top global exchanges, trading $2.6 billion daily.
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CryptoCurrency
Binance Faces Regulatory Scrutiny in Nigeria amid Calls for Crypto Ban
2024-02-22T12:22:14.068+02:00
Crypto users in Nigeria struggle accessing exchanges' websites like Binance and OctaFX.
Binance's P2P platform has imposed limits on USDT sales, causing trading issues for users.
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CryptoCurrency
Texas Crypto Company Lejilex Throws Down Gauntlet against SEC
2024-02-22T09:34:59.814+02:00
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.
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CryptoCurrency
Tyr Capital Faces Client Dispute over Exposure to FTX's Bankruptcy
2024-02-20T11:40:23.858+02:00
The $22 million claim from a client confronts the firm as it pursues asset recovery.
The entity withdrew assets from FTX on the day of its bankruptcy filing.
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CryptoCurrency
From AllianceBlock to Nexera: A Shift towards Digital Asset Community Growth
2024-02-19T17:19:33.914+02:00
By 2030, approximately 10% of global wealth is expected to be tokenized.
The foundation nurtures its ecosystem and enhances the utility of the NXRA token.
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CryptoCurrency
Bonk Goes Mainstream: Revolut's Leap into Meme Coin Adoption
2024-02-15T11:19:52.253+02:00
The learn campaign aims to grow Bonk's user base by 500,000 individuals.
Six out of twelve council members voted in favor with no opposing votes.
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CryptoCurrency
Crypto Finance Clinches Four BaFin Licenses Strengthening Institutional Services
2024-02-12T12:19:18.130+02:00
The licenses cover regulated digital asset trading, settlement, and custody services.
BaFin has expedited the licensing process for crypto custody services recently.
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CryptoCurrency
SEC Targets Former Zipmex Thailand CEO amid Fraud Allegations
2024-02-08T14:04:31.788+02:00
The firm is accused of providing false statements regarding customer asset management.
Earlier, the firm was ordered to halt digital asset services due to unresolved issues.
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CryptoCurrency
Bakkt Runs Low on Cash: Raises Concerns on Its Existence
2024-02-08T08:16:21.945+02:00
With the expected burn rate, it might not be able to survive the next 12 months.
A Bakkt spokesperson confirmed the company’s plans to sell $150 million of securities.
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