Coinbase has been in court since June, following the securities and exchange commission (SEC) allegations of security laws violation. The exchange has however challenged the SEC case, citing the Ripple win against the agency as a reason to dismiss its case. Coinbase…
UK digital bank Revolut has announced it is halting crypto services for U.S. customers. The financial services company said it took the “difficult decision” due to the “evolving regulatory environment” and “uncertainties around the crypto market” in the U.S. Revolut launched eight…
Top global crypto exchange Coinbase has announced its intention to integrate the Bitcoin Lightning network on its platform. The exchange’s CEO Brian Armstrong, in a statement on Tuesday said Coinbase supports the efforts to facilitate payments on Bitcoin through the Lightning Network….
A statement issued by the chief executive of Coinbase, Brian Armstrong, revealed that the crypto exchange plans to integrate the Bitcoin Lightning network on its platform. The CEO explained that the layer 2 payment protocol on the Bitcoin network has massive potential…
The digital arm of Nomura, Laser Digital has successfully obtained a license as a virtual asset services provider in Dubai. The firm is set to launch services including over-the-counter crypto trading services and investment products for institutional investors in the coming months…
On Monday, July 31, the second largest crypto exchange by daily trading volume, Coinbase, revealed that the US Securities and Exchange Commission (SEC) had requested the firm only to support the listing of Bitcoin. In an interview with the Financial Times, the…
Binance has won an Operational MVP License from Dubai’s Virtual Assets Regulatory Authority (VARA), the exchange announced in a blog on July 31. This makes the world’s largest crypto exchange by trading volume the first to secure such a license in the…
Cryptocurrencies have gone through a lot, with regulatory pressure mounting on the industry currently. Governments are gearing towards crypto regulation but some are going to the extreme, seemingly destroying the industry. Interestingly though, recent data reveals that most major global banks are…
In a recent update, the German regulators joined forces with France to probe the operation of Worldcoin. In an email statement, the French privacy regulators CNIL expressed concern about the controversial project led by the co-founder of OpenAI, Sam Altman. Worldcoin was…
In a blog post, the team behind Shibarium, an Ethereum-focused layer 2 network, announced the launching of the testnet bridge. The launch aimed to support users to transfer their tokens between Shiba Inu and Ethereum blockchain network. According to Shibarium developers, the…
The crypto market has been down the last few days, with Bitcoin leading the drop as usual. Bitcoin recently crashed under $30,000 for the first time in four months. This resulted in the general market experiencing a downward trend that has persisted…
Phoenix Technology, the prominent crypto mining hardware retailer, confirmed plans to hold talks on an initial public offering (IPO) in the United Arab Emirates (UAE). An IPO offering involves selling privately owned shares to retail and institutional clients. According to two people…
The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) today to strengthen collaboration between the financial services sectors in the two jurisdictions. The MoU was signed during a bilateral meeting held in…
In an advanced report, the fast-growing fintech company in Poland, Ramp Network, opened shop in Brazil to meet the ever-changing needs of Latin America. The announcement revealed that the fintech company would introduce its revolutionary technologies, such as a software development kit…
Telegram bots are a popular way to trade cryptocurrencies on decentralized exchanges, even for beginners. However, there may be danger in the use of these bots in crypto trading. According to experts, Telegram bots have hidden security vulnerabilities that make them risky…
The world’s largest crypto exchange by trading volume Binance has withdrawn its initial application to Germany’s financial regulator BaFin. The exchange says it took the decision considering the tough regulatory struggle the crypto industry is facing. Binance had embarked on an expansion…
The Namibian government has greenlighted the Namibia Virtual Assets Act of 2023 bill into law. The bill was enforced into law on July 14 after President Hage Geingob issued his final assent. Consecutively the bill has undergone various legislative processes before the…
Top crypto derivatives and copy trading platform Bitget has announced its rebranding, to focus on strengthening its position as a leader in innovative trading products. The initiative tagged “Trade Smarter” aims to empower individuals with intuitive tools for a secure, user-friendly, and…
Connext, the leading cross-chain bridging platform in Oakland, California, has rolled out a new token dubbed “xERC-20” to address any cyber-related crime, such as malicious attacks on bridges. An announcement conveyed by Connext on July 24 outlines the features of the “xERC-20”…
The long awaited Worldcoin from the CEO of OpenAI Sam Altman was finally released today. Many top crypto exchanges have already listed the new cryptocurrency, making the price soar to 90%. However Ethereum Co-founder Vitalik Buterin has some reservations concerning the new…
