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CryptoCurrency
Deribit Secures Conditional Dubai VASP License, Names Luuk Strijers as CEO
2024-04-02T08:00:00.000+02:00
The firm is in the process of relocating its global headquarters to Dubai.
It targets institutional investors while serving retail clients via its Panama affiliate.
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CryptoCurrency
1.5 Million People Trade Crypto Daily in Western Europe, Germany Leads
2024-03-28T17:46:45.980+02:00
Western Europe has emerged as a crypto powerhouse, with Germany and France leading the charge.
It is currently the second region globally with the highest adoption of digital assets.
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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
Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55% in 2024
2024-03-28T10:33:29.865+02:00
Argo Blockchain closes Mirabel's sale and reduces debt by $12.4 million.
However, its shares on the LSE and NASDAQ are experiencing the most pronounced decline within the crypto industry.
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CryptoCurrency
KuCoin Faces $1 Billion Crypto Exodus amid US Charges, Assets Plummet 20%
2024-03-27T17:20:48.830+02:00
Ethereum saw a staggering $840 million in net outflows during this period.
The value of crypto assets linked to KuCoin dropped from $6 billion to $4.8 billion.
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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
Bakkt “Alleviates” from Existence Woes: Ends 2023 with $780M in Revenue
2024-03-26T12:04:06.045+02:00
The company narrows its net annual losses 89 percent.
Its acquisition of Bakkt Crypto (formerly Apex Crypto) was a success as it became a key revenue generator.
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CryptoCurrency
EU Crypto Regulations Getting Closer: ESMA Publishes Final Report
2024-03-26T11:20:26.550+02:00
The regulator seeks to balance investor protection and innovation in the crypto industry.
ESMA also starts the third public consultation package under MiCA.
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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
SFC Warns against Fraudulent Crypto Exchanges in Hong Kong
2024-03-25T18:38:23.532+02:00
Two trading platforms, HKCEXP and EDY, have raised alarms with the SFC.
The firms are accused of falsely claiming affiliation and misrepresenting regulatory registration.
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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
Decentralized Transactions Challenge Howey Test's Application to NFTs
2024-03-21T14:58:44.638+02:00
The key question is whether NFTs meet the Howey test criteria for classification as securities under federal laws.
In the NFT industry, adopting best practices includes transparency, fraud prevention, respecting intellectual property, and ethical conduct.
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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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Regulation
$8 Million Loss Instead of 150% Profit: Crypto Fund Director Banned
2024-03-21T10:15:00.826+02:00
ASIC banned Panacea Capital's Director for dishonesty in crypto fund operation.
Brian Jacques Creigh was operating an unlicensed and misleading business in digital assets.
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Payments
The Double-Edged Sword of Faster Payments
2024-03-20T18:00:26.534+02:00
Efficiency vs. security in a crypto world.
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CryptoCurrency
Robinhood Pulls Back Curtain on Android Crypto Wallet for Extending Access
2024-03-20T17:05:56.061+02:00
The wallet facilitates token swaps on Ethereum, Polygon, and Arbitrum through decentralized exchange aggregators.
Users incur no service fees on token swaps, though standard blockchain transaction fees are applicable.
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CryptoCurrency
"Gross Abuse of Power”: US Court Sanctions SEC for Actions against DEBT Box
2024-03-19T08:55:22.533+02:00
Now, the regulator will have to pay the legal costs of DEBT Box.
The order came as the regulator misrepresented evidence to obtain a temporary restraining order and asset freeze.
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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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Trending
Bitcoin: The Hype, the FOMO, the Bros
2024-03-15T10:19:43.331+02:00
It's all kicking off, maybe time to stay calm.
Mania is up as prices rise.
Resist the urge to pop the champagne.
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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
Bitcoin Halving 2024 and the Crypto Industry: What to Watch Out For
2024-03-13T15:40:00.000+02:00
The halving alters industry dynamics, impacting miners, exchanges, and investors.
Exchanges may want to ensure they have sufficient liquidity to accommodate the increased trading activity.
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CryptoCurrency
EU Takes Aim at Multi-Currency Stablecoin Regulation with EBA Draft
2024-03-13T15:00:05.360+02:00
ARTs can reference multiple currencies and assets, unlike traditional stablecoins.
Stablecoin regulations may be enforced this summer, preceding the broader MiCA framework for December.
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CryptoCurrency
Archax and Talos Forge Partnership to Enhance Institutional Crypto Trading
2024-03-13T12:21:05.312+02:00
This move will develop Archax's OTC trading desk, potentially improving liquidity and efficiency.
Archax will integrate its services into the Talos platform, expanding its offerings to institutional traders.
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CryptoCurrency
CoinShares Bolsters Global AUM to $7.3 Billion with Valkyrie Acquisition
2024-03-12T14:55:52.664+02:00
The firm began the acquisition of Valkyrie after securing the option in November 2023.
The acquisition includes ownership of the Valkyrie Bitcoin Fund, a physically-backed Bitcoin ETF.
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