crypto
FTX's Alameda Research Sues KuCoin to Recover $50 Million in Frozen Assets
- The lawsuit claims KuCoin holds funds belonging to FTX’s estate, intended for creditor repayments.
- Filed in Delaware, the lawsuit follows FTX's recent asset recovery from Bybit.
Tuesday, 29/10/2024 | 18:03 GMT by
Tareq Sikder
Gemini Gains In-Principle Approval from MAS for Cross-Border and Crypto Payment
- Singapore remains central to APAC operations as the firm works towards full MPI licensing.
- Earlier this year, Gemini obtained approval from the regulator to launch its services in France.
Tuesday, 29/10/2024 | 11:43 GMT by
Tareq Sikder
OKX Chooses Standard Chartered as Custodian for Institutional Crypto Services
- A report shows rising institutional interest in digital assets, with 80% of hedge funds using custodians.
- Recently, the exchange launched its platform for institutional and retail investors in the UAE.
Tuesday, 29/10/2024 | 09:19 GMT by
Tareq Sikder
B2C2 and OpenPayd Partner for Fiat Transactions in Crypto Trade Settlements
- The collaboration allows institutional clients faster fiat onboarding and real-time payment solutions.
- With the integration, B2C2 has increased access to BaaS features for its digital asset clients.
Monday, 28/10/2024 | 09:33 GMT by
Tareq Sikder
SEC Grants Approval for 11 Spot Bitcoin ETFs to Trade Options on NYSE
- Institutional investors can now use options on Bitcoin ETFs to hedge crypto positions.
- Options are derivatives allowing holders to buy or sell assets at a set price by a specific date.
Saturday, 19/10/2024 | 09:04 GMT by
Tareq Sikder
Binance Executive's Trial Delayed to October 25 Due to Health Concerns
- Judge Emeka Nwite denied bail again, stating that prison conditions can address health needs.
- Tigran Gambaryan's wife reported his declining health, warning of potential permanent damage.
Friday, 18/10/2024 | 17:14 GMT by
Tareq Sikder
Asia Leads Global Crypto Adoption, US Dominates in Volume
- Chainalysis' report showed that stablecoins have played a significant role in regions like Sub-Saharan Africa and Latin America.
- Central & Southern Asia and Oceania lead in crypto adoption, with seven of the top 20 countries from this region.
Thursday, 17/10/2024 | 13:13 GMT by
Jared Kirui
ESMA Responds to Commission's Proposed Amendments to MiCA for Cryptos
- Recommendations include requiring cybersecurity audit results and verifying management reputation for CASPs.
- The opinion has been sent to the Commission, European Parliament, and Council, which have three months respond to the RTS.
Wednesday, 16/10/2024 | 13:46 GMT by
Tareq Sikder
Italy's Move to Increase Bitcoin Tax to 42% Follows Global Regulatory Trends
- Previous efforts by countries like India to tax cryptos have led to decreased trading volumes.
- The announcement coincides with the preparation to implement crypto regulations MiCA.
Wednesday, 16/10/2024 | 11:51 GMT by
Tareq Sikder
Paxos Launches Stablecoin Payments Platform and Instant USD Conversion
- The platform enables instant conversion between PYUSD, USDP, USDC, and fiat like USD.
- It supports refunds by converting and sending them to the original wallet on Solana, Ethereum, and Polygon.
Tuesday, 15/10/2024 | 13:44 GMT by
Tareq Sikder
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
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