Two South East Asian countries have taken steps to protect crypto investors in their Jurisdiction. Singapore and Thailand have both today 3 July banned crypto exchanges from offering crypto lending services. This is coming as the countries say they have investor protection…
Cameron Winklevoss, the co-founder of the American crypto exchange, was disheartened by the US securities and exchange commission’s (SEC) for failing to green light the Bitcoin exchange-traded fund (EFT) applications. He explained that the SEC regulatory action had pushed the investor to…
A US federal court has ordered top crypto exchange Kraken to turn over user information to the Internal Revenue Service (IRS). Kraken had earlier announced that it would settle charges brought against it by the United States Securities and Exchange Commission (SEC)….
On June 29, the team behind the Polygon network submitted a proposal outlining the necessary architecture designs for its new project Polygon 2.0. The Polygon Labs team suggested that the new projects should constitute four different layers which are easily compatible. The…
While other countries are busy looking for ways to regulate cryptocurrencies, New Zealand wouldn’t have any part in it. The Reserve Bank of New Zealand in a statement today Friday 30 June notified citizens of its intention to monitor the industry, but stated…
On Thursday, the largest crypto exchange in the US by trading volume, Coinbase, announced plans to release its Base platform. The Base platform is a new layer 2 networks centered on the Coinbase platform. The team behind Base confirmed that the launching…
Simon Callaghan, the newly appointed chief executive officer at Blockchain Australia, announced today the need to address crypto scams. Callaghan urged the financial institutions in Australia to join hands with the government and crypto firms in implementing proactive measures to avert crypto-related…
The world’s leading crypto exchange Binance continues to face trouble in Europe with a major banking partner pulling out of the partnership with the exchange. Binance announced that its euro banking partner, Paysafe Solutions, will stop supporting euro payments for the cryptocurrency…
On Wednesday, the Australian Securities Exchange (ASX) announced plans to list tokenized real-world assets, including gold, on its platform. The ASX team confessed there had been challenges in listing crypto assets directly on its trading platform. Dan Chesterman, the chief information officer…
Tether, the world largest stablecoin issuer by market capitalization, announced on June 28 plans to work with the government of Georgia in creating peer-to-peer (P2P) infrastructures. In the report, the stablecoin issuer confirmed to seal a memorandum of understanding (MoU) outlining the…
Global derivatives crypto exchange Bybit has secured a Minimum Viable Product (MVP) license in Dubai. Bybit FinTech FZE, a branch of Bybit operating in the Middle East, announced yesterday (Tuesday) that the exchange has obtained the license following approval by the the…
On Tuesday, the best-performing community-centric NFT marketplace Magic Eden revealed plans to expand its Ordinals offering. The Magic team plans to introduce a new set of tokens centered on the Bitcoin network to support the BRC-20 tokens. On June 27 at 8…
The CEO of fintech company Circle, Jeremy Allaire has expressed confidence that the securities and exchange commission (SEC) will soon grant a license for a Bitcoin spot ETF. Jeremy, who’s also a co-founder of the company said the chances of approval is…
An official Swiss National Bank (SNB) report dated June 26 revealed that the apex bank would soon launch wholesale central bank digital currency (wCBDC) trials. In an exclusive interview with the Reuters reporters, the chair of SNB, Thomas Jordan, confirmed that the…
On Monday, the Dubai-based crypto exchange Bybit confirmed it received license approval from the Cyprus market regulators. The report stated the regulator’s final nod would allow the crypto exchange to operate as a regulated exchange and custodial service provider in Cyprus. The…
World’s largest crypto exchange Binance is considering shifting its focus to the Middle East as regulatory pressure is becoming unbearable in Europe and the US. General Manager of Binance Dubai, the United Arab Emirates (UAE), Alex Chehade said the UAE may become…
The Financial Services and Markets Authority (FSMA) has issued an order to Binance, the world’s largest crypto exchange by trading volume to stop servicing clients in the country. The regulator issued the order Friday 23 June. The reason for the order is…
A recent announcement conveyed by the largest eCommerce platform Amazon revealed plans to invest around $100 million in establishing an artificial intelligence center. The Amazon cloud unit, also known as AWS, will create the proposed AI center. The AWS team is optimistic…
A recent International Monetary Fund (IMF) study revealed that crypto bans lack an effective and sustainable long-term solution. The IMF official identified gaps in crypto demands that must be addressed rather than implementing restrictive approaches to crypto assets bans. The IMF compiled…
Head of Hong Kong’s Securities and Futures Commission, Julia Leung Fung-yee says crypto trading is an integral part of the digital asset ecosystem. She stated this while explaining why Hong Kong has flung its doors open to cryptocurrencies in its regulatory approach….
