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CryptoCurrency

Judge Scraps Lawsuit against Uniswap, Calls Ethereum a Commodity

  • The plaintiffs sued Uniswap after falling victim to a scam.
  • Judge Failla is hearing the case between the SEC and Coinbase.
Thursday, 31/08/2023 | 04:55 GMT by Arnab Shome
CryptoCurrency

South Korean Lawmaker in Crypto Scandal Survives Expulsion Vote

  • A parliamentary vote to dismiss the legislator ended in a stalemate, Yonhap reported.
  • Kim Nam-kuk reportedly transferred his WEMIX holding worth $4.5M to evade a new rule.
Wednesday, 30/08/2023 | 19:07 GMT by Solomon Oladipupo
CryptoCurrency

Kenya Says Registration of Sam Altman’s Worldcoin in April Not Endorsement

  • Worldcoin is not a legal entity in the country, ministries said in a statement.
  • However, a minister said Worldcoin was acting within the law but raised security concerns.
Thursday, 03/08/2023 | 21:53 GMT by Solomon Oladipupo
CryptoCurrency

FTX Officially Floats Plan to Restart International Crypto Exchange

  • A group of creditors can opt to pool their claims for the relaunch.
  • No compensation has been proposed for FTT token holders.
Tuesday, 01/08/2023 | 06:43 GMT by Arnab Shome
CryptoCurrency

Namibia Repeals Crypto Ban with New Regulations for Exchanges

  • The new law was added to the country Gazette last week.
  • It will mandate licensing of crypto exchanges.
Wednesday, 26/07/2023 | 06:48 GMT by Arnab Shome
CryptoCurrency

G20 ‘Welcomes’ Financial Stability Board’s Call for Tougher Crypto Rules

  • Earlier, the Bank for International Settlement urged G20 to dismiss crypto.
  • Stakeholders are taking varying approaches to digital asset regulation across the globe.
Wednesday, 19/07/2023 | 01:00 GMT by Solomon Oladipupo
CryptoCurrency

Denmark’s FSA Orders Saxo Bank to Dump Crypto Holdings

  • The watchdog said the law does not permit Saxo Bank's engagement in crypto trading.
  • In other news, Saxo Bank saw a decline of 8% in its FX trading volume in June.
Wednesday, 05/07/2023 | 12:57 GMT by Solomon Oladipupo
CryptoCurrency

Canadian BTC Miner HIVE's Revenue Halves from Record High

  • HIVE reported a net loss of $236M and blamed its performance on lower BTC prices.
  • However, experts believe BTC price could reach $32,000 soon.
Friday, 30/06/2023 | 15:30 GMT by Solomon Oladipupo
Innovation

Crypto-Backed Loans and Lending Platforms: Unlocking the Potential of Digital Assets

  • The world of decentralized lending platforms.
Friday, 30/06/2023 | 13:06 GMT by Jeff Patterson
CryptoCurrency

EU Reaches Deal on Crypto Bank Capital Rules

  • The European Commission first proposed changes to the bank capital rules in 2021.
  • Earlier in the year, lawmakers introduced rules on banks' crypto exposure to the rules.
Tuesday, 27/06/2023 | 19:15 GMT by Solomon Oladipupo
CryptoCurrency

Deutsche Bank Seeks German Crypto License

  • The license would allow the bank to offer crypto custody.
  • The corporate unit of the bank plans to increase fee income with crypto services.
Tuesday, 20/06/2023 | 11:20 GMT by Arnab Shome
CryptoCurrency

Shy Datika's INX Gets $5.25M Investment with a Buyout Offer

  • Republic will hold about 9.5 percent of INX following the investment.
  • The two firms signed a non-binding commitment for the buyout at a $120 million valuation.
Tuesday, 20/06/2023 | 04:03 GMT by Arnab Shome
CryptoCurrency

Binance Shrinks EU Presence: Exits Netherlands after Cyprus

  • Dutch customers can only withdraw funds after July 17.
  • The exchange failed to obtain a VASP in the Netherlands.
Friday, 16/06/2023 | 10:33 GMT by Arnab Shome
CryptoCurrency

Floating Point Group Halts Services After Loosing Up to $20M in Hack

  • The crypto broker estimates the loss to be between $15 million and $20 million.
  • It did not provide any details about the attack.
Thursday, 15/06/2023 | 06:45 GMT by Arnab Shome
CryptoCurrency

Sygnum Inches Closure to Get Singapore's Payment Institution License

  • The company already holds a capital markets license in the city-state.
  • Several other crypto firms recently obtained a Singapore license.
Tuesday, 13/06/2023 | 06:24 GMT by Arnab Shome
CryptoCurrency

When a US Regulator Slams Crypto: A Week in Review

  • It started on Monday: The SEC sued Binance, then came the lawsuit against Coinbase.
  • The exchanges are now questioning the integrity of the SEC's Chair.
Friday, 09/06/2023 | 11:28 GMT by Arnab Shome
Education Center

Cross-Border Remittances: How Crypto Revolutionize Cheaper and Faster Transactions

  • Know the challenges, know the opportunities
Friday, 09/06/2023 | 08:47 GMT by FM Contributors
CryptoCurrency

FCA Seeks Incentives Ban with New Crypto Promotion Rules

  • The new rules will become effective from October 8.
  • Other requirements of the rules include risk disclosure and due diligence.
Thursday, 08/06/2023 | 05:39 GMT by Arnab Shome
CryptoCurrency

SEC on the Offensive, but Binance and Coinbase Are Not the Same

  • There are clear differences between Binance and Coinbase in their disputes with the SEC.
  • New crypto legislation can offer a solution, but may be hampered by political divides.
Wednesday, 07/06/2023 | 12:57 GMT by Sam White
CryptoCurrency

Binance’s Acquisition of Gopax under Threat amid Ongoing SEC Battle

  • The crypto exchange wanted to buy a local business to build its presence in South Korea.
  • However, the ongoing legal battle with the SEC may foil these plans.
Wednesday, 07/06/2023 | 10:50 GMT by Damian Chmiel
CryptoCurrency

SEC Lawsuit Heats Up the War Between Binance and the US

  • "We do not want [Binance].com to be regulated ever," said Binance's CCO.
  • The industry is now waiting for the next step of the regulator and Binance.
Tuesday, 06/06/2023 | 12:05 GMT by Arnab Shome
CryptoCurrency

UK Lawmakers Seek Official's Appointment to Oversee Crypto Regulations

  • The lawmakers made 53 recommendations for crypto regulations.
  • Earlier, another group of UK lawmakers wanted to regulate crypto trading as gambling.
Monday, 05/06/2023 | 09:34 GMT by Arnab Shome
CryptoCurrency

Atomic Wallet Users Lost $35 Million in Weekend Crypto Hack

  • The wallet developers claim that less than 1 percent of users were affected.
  • The largest five losses amounted to $17 million.
Monday, 05/06/2023 | 08:28 GMT by Arnab Shome
CryptoCurrency

Hacked Twitter Account of OpenAI CTO Promotes Crypto Scam

  • The tweet promoted the airdrop of a fraudulent OpenAI token.
  • No victims of the phishing scam came out yet.
Friday, 02/06/2023 | 07:54 GMT by Arnab Shome
CryptoCurrency

TD Cowen Shuts Institutional Cryptocurrency Division

  • Cowen Digital was launched last year in March.
  • The platform provided trading with 16 digital assets.
Thursday, 01/06/2023 | 05:43 GMT by Arnab Shome
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