Discussions regarding investor protection regulations have been ongoing since September 2022, prompted by the crypto lending crisis that resulted in the bankruptcy declarations of companies like BlockFi and Celsius. Thailand’s Securities and Exchange Commission (SEC) has introduced new regulations for digital asset service providers with a strong emphasis on protecting investors. These guidelines mandate that…
Bitwise’s Matthew Hougan believes the spot Bitcoin ETF market will be highly competitive with a dominant player. Matthew Hougan of Bitwise suggests that while many contenders are seeking approval from the US Securities and Exchange Commission (SEC) to launch a spot Bitcoin ETF, only a few will ultimately achieve success. According to Matthew Hougan from…
Terra Classic Implements Automatic Token Burn Mechanism for Continuous Supply Reduction In its 11th burn round, Binance, the largest cryptocurrency exchange globally, has successfully burned 2.65 billion Terra Classic (LUNC) tokens. This burning process aims to reduce the token supply and maintain the ecosystem’s balance and sustainability. With the recent burn of 2.65 billion Terra…
FSC Files Fraud Charges Against Delio; Haru Invest Suspends Deposits and Withdrawals on June 13 The South Korean Financial Services Commission (FSC) is currently investigating crypto lending firm Delio, according to local news portal Digital Asset. The FSC has lodged charges of fraud, embezzlement, and breach of trust against Delio in response to its temporary…
US House Chair Patrick McHenry warns Gensler over SEC’s critique of Bitcoin ETF filings. US House Financial Services Committee Chairman Patrick McHenry issues a Twitter warning to Chair Gary Gensler as the SEC deems spot Bitcoin ETF filings by financial giants “inadequate.” Despite criticism from the crypto community regarding a leveraged futures Bitcoin ETF, the…
Fidelity Updates Bitcoin ETF Application Following SEC Comment; BTC Trading Volume Surges Over 100%. Global asset manager Fidelity has recently filed its official application for a Spot Bitcoin ETF. However, the U.S. Securities and Exchange Commission (SEC) expressed that the initial filings made by Blackrock and Fidelity for Bitcoin ETFs lacked clarity and comprehensiveness. In…
Before creditor distributions, a sell-off has taken place, and these distributions will exclusively be made in the two most popular cryptocurrencies. Celsius, the bankrupt crypto lender, received approval on Friday to commence liquidation of its altcoins. This is in preparation for a distribution to creditors, which will exclusively occur in the two most widely utilized…
Binance has transformed from a simple crypto trading platform into a comprehensive ecosystem. The focus of the crypto exchange is to improve security by incorporating machine learning and AI technologies. Binance, a well-known cryptocurrency exchange, has grown from a basic app and website for trading cryptocurrencies to a complete ecosystem offering a wide range of…
The US central bank has been stress-testing retail banks in response to significant banking failures that occurred earlier this year. The aim is to evaluate the resilience and stability of these banks following those high-profile collapses. According to the American central bank’s “stress tests,” all 23 of the largest banks in the country have been…
Hong Kong Virtual Asset Consortium Considers Adding Terra Luna Classic (LUNC) to Digital Asset Index. Hong Kong’s rating agency, Hong Kong Virtual Asset Consortium (HKVAC), is considering adding Terra Luna Classic (LUNC) to its digital asset index. The agency has already released an initial list of cryptocurrencies for its large market cap index and plans…
Major cryptocurrency exchanges, such as Huobi, have added trading pairs for Cardano on their platforms in response to the SEC’s categorization. The recent actions taken by the U.S. Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges like Binance and Coinbase caused a significant drop in the prices of top cryptocurrencies, including Cardano (ADA). However,…
KuCoin will be implementing Know Your Customer (KYC) checks, which means that new users will need to complete identity verification in order to access all services. Existing users who have not completed KYC will not be able to make deposits. KuCoin, a significant cryptocurrency exchange, is enhancing its Know Your Customer (KYC) system by introducing…
A well-regarded crypto analyst is cautioning about a possible Bitcoin (BTC) correction on the horizon, following the cryptocurrency’s impressive performance in the previous week. According to trader Justin Bennett’s recent blog post, Bitcoin (BTC) has experienced an impressive rally since June 15th, with a substantial surge of around 25% in less than two weeks. However,…
After obtaining full licensing in Dubai, Bybit intends to operate a comprehensive exchange with crypto lending, payment solutions, investment opportunities, and more. Bybit, a cryptocurrency exchange based in Dubai, is currently unable to serve all customers due to limitations imposed by its existing licensing, as stated by the CEO. However, there is progress in this regard…
Bloomberg Intelligence Senior Macro Strategist, Mike McGlone, recently shared his perspective on Bitcoin’s future. In a recent interview, Mike McGlone, Bloomberg Intelligence Senior Macro Strategist, provided evaluations on the outlook of Bitcoin. Bitcoin’s price recently experienced a spike following BlackRock’s application for the Bitcoin Spot ETF, causing it to hover around $30,000. However, Mike McGlone…
Robinhood recently announced a layoff of 7% of its workforce, coinciding with its decision to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27. This move signifies a shift in the platform’s supported cryptocurrencies and has implications for users invested in these particular digital assets. Cardano (ADA), Solana (SOL), and Polygon…
There have been new developments in the lawsuit between the SEC and Ripple, with the release of Hinman documents causing uncertainty for XRP token holders. Despite the wait for the Summary Judgment, there is optimism that Ripple has a good chance of winning the case. However, the judgment may not be delivered until the end…
HSBC, the largest bank in Hong Kong, has reportedly made cryptocurrency exchange-traded funds (ETFs) available for trading. This marks HSBC’s entrance into the cryptocurrency market, showcasing the increasing acceptance and adoption of digital assets in the financial industry. HSBC, the largest bank in Hong Kong, has reportedly launched its inaugural cryptocurrency services. According to journalist…
Sygnum AG, the Swiss digital-asset bank, witnesses robust crypto demand, potentially expanding brokerage operations in Singapore. Sygnum AG, a Swiss digital-asset bank, sees strong demand for crypto transactions from fund houses, family offices, and institutions. This is expected to boost revenues for their newly established brokerage business in Singapore after obtaining an in-principle approval from…
Binance Dubai’s GM, Alex Chehade, predicts the UAE’s emergence as the world’s next prominent crypto hub, citing several compelling factors supporting this projection. Binance shifts focus to the United Arab Emirates as a strategic destination amidst increased enforcement actions in the United States. Binance Dubai’s General Manager, Alex Chehade, highlights the UAE’s appeal to crypto…
Ripple’s technology products are making a significant impact in the rapidly expanding global digital assets market within the cryptocurrency industry. In the crypto market news, despite the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) affecting the growth of the XRP token, Ripple’s software products are still leaving a strong impact…
CEO John Ray III intends to relaunch the crypto exchange FTX 2.0, attracting interest from 363 potential buyers, including industry giants BlackRock, Ripple, and Nasdaq. Under CEO John Ray III’s leadership, FTX Debtors have revealed their intentions to revive the struggling crypto exchange FTX as part of a bankruptcy restructuring plan. Recently, FTX unveiled the…
Cryptocurrency enthusiasts have raised suspicions that the SEC’s actions are advantageous to US financial firms. Prominent figures within the crypto industry have voiced support for allegations made by Pysh, suggesting collaboration between Wall Street and regulators. Meanwhile, financial firms are embracing opportunities in the crypto space despite the ongoing SEC lawsuits. The Securities and Exchange…
According to JPMorgan, Bitcoin miners who adopt a specific approach are the sole entities capable of thriving in an intensifying competitive landscape. JPMorgan’s research report highlights that Bitcoin miners equipped with both low electricity costs and access to sustainable energy sources are the only ones poised to endure the growing competition within the industry. The…
As of the latest update, the Bitcoin/USDT pair is trading at $31,225.00, showing a 2.59% change within the past 24 hours. Similarly, the Bitcoin/TL pair is valued at 765,225.00 ₺. In the case of Ethereum, the Ethereum/USDT pair is currently trading at $1,914.64, experiencing a 0.80% increase in the last 24 hours. The Ethereum/TL pair…
Binance has increased the minimum staking requirements for popular cryptocurrencies including Solana (SOL), Polkadot (DOT), and Cosmos (ATOM) in their earning products. Binance Earn products provide opportunities for crypto token holders to generate passive income from their assets. These offerings include Flexible Savings and Locked Savings. In Locked Savings, users can lock their tokens for…
Crypto.com has recently obtained regulatory approval in Singapore, receiving a MPI license from local regulators. This approval follows closely after the latest regulatory clearance obtained by the crypto exchange. Crypto.com, a cryptocurrency exchange service provider based in Singapore, has received a virtual asset service provider (VASP) registration from the Bank of Spain. This regulatory…
Casa Enhances Self-Custody Storage with Ethereum Support and Multisignature Security for BTC and ETH Casa, established in 2016, has been a strong advocate for multi-signature self-custody of BTC. Through its flagship Bitcoin vault, Casa enables users to store their cryptocurrency using up to five keys, ensuring enhanced security through distribution. Casa initially focused on serving…
In the filing made by Binance.US, particular reference was made to statements by the SEC that suggested Binance and its CEO had the ability to mix or redirect customer assets. The implication of these statements was deemed misleading and prompted Binance.US to address the issue. Did the SEC mislead the public? Binance.US and its associated…
With the crypto bull market in full swing, Pepe Coin, a memecoin, has experienced significant gains. This raises the question of whether other popular memecoins such as Shiba Inu, Dogecoin, and FLOKI will also follow Pepe’s upward trajectory. The cryptocurrency market is currently witnessing a surge in prices, and Pepe Coin (PEPE) has stood out…
Despite the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple successfully secured a new deal. Despite facing regulatory compliance challenges in the United States, Ripple Labs has received an In-Principle Approval of the Major Payments Institution License from the Monetary Authority of Singapore (MAS). In light of this, Ripple’s Legal head…
Shiba Inu’s burn rate jumps by 7000%, leading to substantial price growth in just one week. Shytoshi, the project’s creator, shares exciting updates about the ecosystem. Shiba Inu (SHIB), the meme-inspired cryptocurrency, has experienced an extraordinary 7000% surge in its burn rate. This remarkable increase led to a significant 10% rise in its market capitalization…
Canadian Regulators Criticized for Neglecting Public Interests as Jeff Kirdeikis Stands with Binance TrustSwap CEO Jeff Kirdeikis has expressed his disappointment with the regulations in Canada, stating that they have not adequately served the interests of the people. In a tweet that garnered attention from the crypto community, Kirdeikis criticized Canadian regulators for their failure…
Apsys Partners with French Fintech Lyzi to Introduce Nationwide Crypto Payments at its Shopping Malls Real Estate Powerhouse Apsys Teams Up with Fintech Lyzi to Revolutionize Crypto Payments in France and Poland. Apsys, renowned for its commitment to enhancing customer experiences, has taken a groundbreaking step by introducing innovative payment solutions at its shopping malls…
Binance Launches Regulated Crypto Trading Platform in Kazakhstan Following AIFC License Acquisition Binance, the world’s largest cryptocurrency exchange platform in terms of trading volume, has made a significant move by establishing a fully regulated brokerage firm in Kazakhstan. This development highlights the fruitful collaboration between Binance and the Kazakhstani authorities, showcasing the positive outcomes derived…
The bankruptcy plan states that holders of approved DIP claims will be fully compensated for their claims on the effective date of the plan. Bankrupt Bitcoin miner Core Scientific has submitted a Chapter 11 plan in the U.S. bankruptcy court for the Southern District of Texas Houston Division. The plan was developed through negotiations with…
WisdomTree and Invesco, investment managers, have filed for spot Bitcoin ETFs shortly after BlackRock’s Filing. Following BlackRock’s application for a spot Bitcoin ETF, at least two investment firms have filed for their own spot Bitcoin ETFs. WisdomTree, an asset management fund based in New York, is the latest firm to submit a filing for a…
Terra Luna Classic’s core developer joins L1 Task Force for ongoing collaboration with USTC repeg, resulting in a remarkable 40% surge in LUNC price, greatly exciting the community. In an eagerly anticipated move, the core developer of Terra Luna Classic has officially joined forces with the L1 Task Force (L1TF) to embark on the revitalization…
Deutsche Bank Pursues Bafin License for Crypto Custodial Services to Boost Fee Income in Corporate Unit Despite increased regulatory scrutiny, Deutsche Bank, the largest bank in Germany, is undeterred and has applied for permission to provide custodial services for digital assets like cryptocurrencies. This move highlights the bank’s interest in entering the crypto space and…
Elon Musk’s legal team is experiencing notable changes as he faces a $258 billion lawsuit related to allegations of Dogecoin market manipulation. Adam Gabor Mehes, a key litigator, has departed, and the role is now taken over by Allison Huebert. This reshuffling highlights the ongoing developments surrounding the legal proceedings in the high-profile case. In…
Mastercard Files Trademark for Crypto and Blockchain Software Facilitating Seamless VASP Connections Global payment technology giant, Mastercard, has generated buzz by filing a trademark application for the development of crypto and blockchain software. This strategic move indicates Mastercard’s interest in exploring and leveraging the capabilities of cryptocurrencies and blockchain technology within its extensive range of…
Terra Founder Do Kwon and Former CFO Han Chang-joon Sentenced to Four Months in Prison Despite Pleading Not Guilty Terra co-founder Do Kwon and former CFO Han Chang-joon have been found guilty of passport forgery by the Montenegro Basic Court. They have been sentenced to four months in jail. Montenegro authorities accelerate investigations and legal…
The platform launched a token aggregator for seamless trading and introduced a complimentary token locker feature for users of the decentralized exchange (DEX). Baby Doge Coin (BABYDOGE), a direct competitor to Shiba Inu, has recently launched its own decentralized exchange (DEX) platform called BabyDogeSwap. This development has opened up new opportunities and services for the…
Amidst regulatory challenges and a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), Binance CEO has made a significant move by announcing the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform. This initiative aims to address the impact of market volatility and prioritize the interests of Binance users during these…
Indonesia Approves 501 Tradable Cryptocurrencies, Including BTC, ETH, ADA, XRP, and More The Indonesian government has made an exciting progress in the world of cryptocurrencies. They have just announced a list of 501 cryptocurrencies that can be traded. This is a big step forward in creating a safe and clear system for people in Indonesia…
Billionaire Businessman Mark Cuban shared his thoughts on Twitter, expressing criticism towards the SEC for its focus on Crypto Companies. Mark Cuban, the billionaire businessman and owner of the Dallas Mavericks, has expressed his criticism of the US Securities and Exchange Commission (SEC) for filing lawsuits against Binance and Coinbase. These two prominent cryptocurrency exchanges…
Baby Doge Coin Price Surges by Over 6% in 24 Hours, Trends with 1.3M+ Tweets on Twitter Amidst significant regulatory challenges in the cryptocurrency market, notable developments are taking place in the meme coin realm. Baby Doge Coin (BabyDoge), a popular meme token, is currently trending on “Crypto Twitter” due to a remarkable price rally….
3AC Liquidators Accuse Co-Founder Kyle Davies of Negligence and Non-Compliance with Subpoena Liquidators of the defunct hedge fund Three Arrows Capital (3AC) have urged a judge to impose a daily fine of $10,000 on co-founder Kyle Davies. The request comes as Davies is accused of non-cooperation with the investigation into the firm’s collapse, impeding the…
Charles Hoskinson, the founder of Cardano, expressed his disapproval of the commotion within the crypto community surrounding the Blackrock Bitcoin ETF application. Hoskinson criticized the excessive noise generated by this development. Blackrock’s journey in the realm of crypto market adoption has been notable, starting with CEO Larry Fink’s description of Bitcoin as an “index of…
Lucie introduces @shibcals, the tangible aspect of the Shiba Inu ecosystem. Shytoshi Kusama, the lead developer of Shiba Inu, recently dropped hints about an upcoming physical component. Twitter user @LucieSHIB, a content marketer for the Shiba Inu ecosystem, has shared an extensive teaser about an upcoming feature called the “IRL component” for the SHIB community….