It has been a long battle between the U.S security and exchange commission (SEC) and the crypto industry, especially with the approval of a Bitcoin ETF. J.P Morgan believes the agency may be forced to approve an ETF soon though. The SEC…
XRP hit the highest trading volume of 4.8 billion in three months, data from on-chain analytics firm Santiment says. This is in spite of the ongoing court battle with the U.S. security and exchange commission (SEC). The XRP token hasn’t only hit…
The UK has decided to implement the Financial Action Task Force’s Travel Rule, effective September 1 2023. This is in an attempt to apply anti-money laundering and counter-terrorist financing regulations to on-chain activities. Consequently, the Financial Conduct Authority (FCA) will now require…
Crypto derivatives and copy trading platform Bitget has entered partnership with leading provider of institutional-grade digital asset data, CCData to improve services for institutional investors. The partnership confirms Bitget’s commitment to excellence as it brings comprehensive data solutions tailored for institutional investors….
Cryptocurrency platform SEBA Bank has secured an in-principle approval to operate in Hong Kong. The license gives the crypto bank the right to offer crypto-related services in the Chinese administrative region. The license makes SEBA Hong Kong the first licensed corporation in…
The crypto market has seen a sudden rally today 29 August after many days of sideways movement. As a result, Bitcoin’s price has jumped back to over $28,000 for the first time in weeks. Bitcoin crashed below $30,000 a few weeks ago…
Three Republican lawmakers have accused the Federal Reserve of delaying the progress of the Stablecoin regulation bill. The three lawmakers, House Financial Services Committee Chair Patrick T. McHenry, R-N.C., Rep. Bill Huizenga, R-Mich., and Rep. French Hill, R-Ark., stated this in a…
The Pepe team has confirmed that three of its former team members have stolen about 16 trillion PEPE, worth roughly $15 million. The funds were reportedly stolen from the project’s multisig wallet. The culprits later sold the tokens on crypto exchanges and…
Bankrupt crypto exchange FTX, and insolvent digital asset lenders BlockFi and Genesis have come under a SIM swap attack leading to leaking of their customers’ data. Bankruptcy claim vendor in charge of the three companies, Kroll confirmed the incident in a statement…
The U.S. treasury and internal revenue service (IRS) have rolled out new rules for reporting crypto tax in the country. The new rules will require brokers and exchanges to report certain sales on crypto from bitcoin to NFTs to close the tax…
The cryptocurrency market has been down for months now, but the bearish trend got worse recently with Bitcoin dropping below $26,000. It was the first time the top cryptocurrency dropped below this level since March. However, the market has seen a slight…
Bitcoin has been trading sideways for days after crashing below $26,000 for the first time since March. This has led to a general crash in the crypto market as altcoins follow Bitcoin’s trends. As a result, many investors have become pessimistic. It…
World’s biggest crypto exchange, Binance has launched its Binance Pay service in the Latin American country of Brazil. The new service will enable local merchants to offer a new alternative for payment that may attract new customers, increase processing speed, and reduce…
UK-based mobile network operator World Mobile has entered a partnership with decentralized artificial intelligence (AI) marketplace, SingularityNET to bring blockchain-based loans to users. The partnership will allow the two to develop credit ratings for a lending program that uses blockchain technology. It…
The crypto market has been interesting in the last few weeks. After sustaining a bearish momentum for weeks, the market turned green recently, with assets experiencing a short relief. The relief rally is however long over, and the bearish momentum has kicked…
Top global crypto exchange Huobi has entered a strategic partnership with financial charting platform, Tradingview to integrate crypto trading data to the exchange. The partnership will enable Huobi users to directly view the real-time prices of cryptocurrencies on Huobi with TradingView. Tradingview…
Ledger, a leading security company and PayPal, a leader in global payments, have entered a partnership that will make it easier for PayPal users to access the crypto space. The partnership announced by Ledger, will provide a secure and user-friendly way to…
Leading crypto exchange and Web3 technology company, OKX and leading provider of algorithmic trading strategies and execution management, CoinRoutes, are working on bringing trading services to institutional clients. The duo announced the new development yesterday 17 August, which is an extension of…
Top global crypto exchange Coinbase has secured regulatory permission to offer crypto futures trading services in the U.S. The approval coming from the National Futures Association (NFA), allows Coinbase Financial Markets, Inc. to operate a Futures Commission Merchant (FCM) and offer eligible…
It is no longer news that the securities and exchange commission (SEC) in the U.S. led by Gary Gensler is aggressively pursuing crypto regulations enforcement. What’s new is that the agency is extending its focus to artificial intelligence, thus focusing on AI…