The case between Binance and the U.S. securities and exchange commission (SEC) has taken another turn, as the SEC is accusing Binance.US of not cooperating with the agency in an ongoing investigation. BAM, the company behind Binance.US is said to be holding…
A joint report by BitGo and Swan Bitcoin revealed plans to launch the first-ever Bitcoin-only trust company. The proposed Bitcoin-only trust seeks to provide custodial service at minimum exposure to crypto assets. In the September 15 report, BitGo and Swan revealed that…
Bitwave, the leading developer of financial software in San Francisco, California, has revealed plans to acquire Gilded at an undisclosed amount. In a blog post, the Bitwave team announced that the mergers and acquisition (M&A) aims at strengthening enterprise solutions, including crypto…
Hong Kong has responded to the word of caution Ethereum’s Co-founder and CEO, Vitalik Buterin sounded at the Web3 Transitions Summit in Singapore on Thursday. Buterin in his presentation said businesses intending to establish in Hong Kong should consider the stability of…
Ripple Labs has extended its Liquidity Hub platform to two more countries, Brazil and Australia. The company announced on Thursday 14 September that the move was aimed at bringing a “streamlined” way of buying, selling, and holding crypto assets in the two…
PayPal Holding Inc. has launched new on-ramp and off-ramp services to support Web3 payments for US retail and institutional clients. Launching new features seeks to redefine the payment company capabilities to allow US users to transfer their crypto assets directly to cash…
On Friday, September 8, a strong earthquake of magnitude 6.8 struck Morocco, leading to massive loss of lives and destruction of property. The earthquake claimed over 2800 lives and left 2,500 Moroccans injured. A press release from the Moroccan government demonstrated that…
Ethereum co-founder Vitalik Buterin has recovered his Twitter handle after an attack that led to the hijacking of the account. Buterin confirmed his T-Mobile account was a victim of a sim swap that led to the takeover. A sim swap is a…
Blockchain company Ripple has announced it is enabling the adoption of web3 by acquiring Fortress Trust. Fortress Trust provides Web3 financial, regulatory, and technology infrastructure for blockchain innovators from Fortune 500 businesses to fintech startups who are building blockchain-based services that will…
A report featured on the Taiwanese local news outlet CNA revealed that the Eastern Asian country will restrict foreign exchange that violates the existing regulation. The Taiwan Financial Supervisory Commission (FSC) plans to impose new regulations on crypto assets. In a recently…
The U.S. Commodities Futures Trading Commission (CFTC) has filed and settled cases against three decentralized finance (DeFi) protocols, Opyn, ZeroEx and Deridex. The commission announced this on Thursday, warning other DeFi protocols to be cautious. According to the CFTC, Deridex and Opyn…
An Australian fintech company, Block Earner has announced plans to launch a new crypto loan service. This is coming in spite of an ongoing court case with Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), for allegedly offering financial products…
On September 2, the co-founder of Matter Labs, Alex Gluchowski, proposed launching an Ethereum court to assist in settling disputes. In his advanced report, the executive explained that the proposed Ethereum court will resemble the current court system to adjudicate disagreements between…
Payment giant Visa has announced it will be expanding its stablecoin settlement capabilities to the Solana blockchain, working with merchant acquirers Worldpay and Nuvei, two giants in the industry. This is in order to further leverage innovative technologies in the digital currency…
Binance has lost its head of product, Mayur Kamat who resigned voluntarily. Kamat said his decision to resign was for personal reasons and there is no problem with the team. Confirming the resignation of Kamat, a spokesperson for the world’s largest exchange…
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…
As the crypto sector continues to evolve, speculations have mounted concerning the future of decentralized finance (DeFi). Speaking exclusively in X Space, the chief executive of Binance, Changpeng “CZ” Zhao, portrayed his bullish stance on the future of DeFi. The CEO envisioned…
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….
