crypto
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
Kamala Harris: Mic Earrings, Cut-Off Conspiracies and Crypto News
- Kamala Harris’ earrings were claimed to be microphones during a Trump debate.
- Conspiracy theories spiraled after claims that her CNN interview was cut short.
- Harris talks of support for digital assets, her previous hesitation has people thinking.
Wednesday, 25/09/2024 | 06:03 GMT by
Louis Parks
From Niche to Mainstream: How Crypto Can Strengthen Its Derivatives Market
- Cryptocurrency-based derivatives, such as futures and options, are gaining popularity in the Decentralized Finance space.
- The assets offer benefits similar to traditional financial derivatives, including the potential for substantial rewards.
Tuesday, 24/09/2024 | 13:26 GMT by
Ariel Shapira
Kraken Ramps Up European Presence by Acquiring BCM, Elevates Crypto Offering
- The acquisition enables the firm to operate as a registered VASP in France and Poland.
- BCM clients will have access to over 200 digital assets, improved liquidity, and 24/7 support in local languages.
Tuesday, 24/09/2024 | 09:05 GMT by
Tareq Sikder
Crypto Young Investors: BaFin Study Reveals over 50% Trust Social Media and Finfluencers
- The study found that 32% of respondents invested in cryptocurrencies in the past two years.
- Social media users are more likely to invest in diverse asset classes, especially cryptocurrencies, than non-users.
Monday, 23/09/2024 | 11:52 GMT by
Tareq Sikder
Crypto Exchanges in AU Require Financial Licenses Starting in 2024: ASIC Expands Act
- Australian regulators will require crypto exchanges to obtain financial licenses by November 2024.
- ASIC’s Alan Kirkland outlined new crypto regulations at the AFR Crypto and Digital Assets summit.
Monday, 23/09/2024 | 08:47 GMT by
Tareq Sikder
Crypto Prime Broker BlockFills Enhances Data Offerings with NCFX Deal
- Companies partner to integrate benchmark data, enhancing crypto offerings for institutional clients.
- The collaboration aims to provide more robust, data-driven insights into the evolving digital asset market.
Tuesday, 17/09/2024 | 14:00 GMT by
Damian Chmiel
SEC Reiterates Binance’s Illegal Operations, Highlights “Lack of Disclosure”
- The SEC alleges Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency.
- Criticism emerges as the SEC admits “crypto asset security” lacks a formal definition.
Friday, 13/09/2024 | 15:46 GMT by
Tareq Sikder
eToro USA Settles with SEC for $1.5M and Restricts Crypto Trading: Eyes US IPO
- As part of the settlement, eToro will limit crypto trading in the US to Bitcoin, Bitcoin Cash, and Ether.
- US customers will have 180 days to sell other crypto assets before they are removed from the platform.
Thursday, 12/09/2024 | 14:18 GMT by
Tareq Sikder
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