Estonia’s regulator finds problems with crypto companies, including questionable executives and unrealistic business plans. Nearly 400 virtual asset service providers (VASPs) in Estonia have closed down or had their authorizations revoked as a result of the government’s new anti-money laundering laws. These laws, aimed at preventing terrorist financing, were implemented in March. The updated laws…
The popularity of BRC-20 tokens has led to a 92% increase in registered inscriptions on the Bitcoin network within just 8 days. The number of registered inscriptions on the Bitcoin network, indicated by the BTC ticker, has experienced another significant surge. It has nearly doubled, rising from 2.5 million to 4.78 million in just the…
Core Scientific denies Celsius’ claim of $4.7 million, stating that Celsius has been unjustly benefited. The bankrupt Bitcoin mining company, Core Scientific, has opposed a $4.7 million administrative claim made by crypto lender Celsius Network. This disagreement has sparked a dispute between the two companies regarding their contractual responsibilities. Core Scientific has filed an objection…
Bankman-Fried, the individual associated with FTX, has not taken steps to dismiss charges related to securities fraud or money laundering. Late on Monday, Sam Bankman-Fried, the founder of FTX, submitted legal motions before the trial to request the dismissal of most of the charges against him. He cited various reasons to support his request. Bankman-Fried,…
Bittrex had previously announced plans to leave the United States, but the company is also dealing with a legal action from the Securities and Exchange Commission (SEC). Bittrex, a cryptocurrency exchange, has filed for bankruptcy in Delaware, USA, on Monday. This comes after the company’s earlier announcement about gradually closing down its operations in the…
The company explained that the outcome of the product will be determined by how both Bitcoin (BTC) and its gold-backed token XAUT perform together. Orbit Markets, a company that provides liquidity for cryptocurrencies to institutions, is launching a new type of investment product that combines Bitcoin and gold. They are partnering with execution broker PI…
Ripple, a big company in payment solutions, revealed its intention to expand to Dubai. They mentioned the clear rules set by regulators and the increasing number of customers in the region as important reasons for this move. Ripple, a well-known company that offers payment solutions and is responsible for XRP, revealed its plan to expand…
Coinbase CEO Expresses Optimism About the Nation’s Crypto Growth Potential. Coinbase Aims for 1 Billion Global Crypto Users with Support from the UAE. Coinbase CEO Acknowledges UAE’s Impressive Crypto Growth Potential. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule…
Following concerns over money laundering, regulators in the tech-friendly nation have decided to resume their normal monitoring practices, abandoning the strict approach they had adopted: Data released by Estonia’s money-laundering regulator on Monday reveals that the implementation of a controversial crypto law has resulted in an approximately 80% decrease in the number of registered firms…
Binance recently made an important announcement about pending Bitcoin withdrawals. Here’s a simplified version of the statement Binance, which is the biggest exchange for digital money worldwide, has declared that all the Bitcoin withdrawals that were waiting have now been completed. We have finished processing all the Bitcoin withdrawals that were waiting. We appreciate your…