A recent update on the French Newspaper Le Monde released on June 16 revealed that the authority would launch a new investigation on Binance for engaging in “aggravated money laundering. The report mentioned that the investigation on Binance will be conducted by…
An official report issued by the Seychell-based crypto exchange OKX revealed that Dubai’s Virtual Asset Regulatory Authority green-lighted minimal viable product preparatory (MVP)license. Initially, the OKX team had announced plans to broaden its market presence to the Middle East. Following the approval…
A few days ago, the Congressman invited key players in the crypto space to formulate the bill on regulating crypto assets. In honor of the invite, the top executives from high-profile crypto firms attended the meeting in two rounds this week. During…
A court sitting in the US has denied the request of the Securities and Exchange Commission (SEC) to freeze the assets of Binance’s US subsidiary, Binance.US. The presiding judge, judge Amy Berman declined the request to freeze the exchange’s assets as investigations…
An advanced announcement issued by Adidas revealed that the footwear company has collaborated with the New-York based digital collectible artist FEWOCiOUS to create unique sneakers. The report revealed that Adidas and FEWOCiOUS would leverage the vast experiences into developing Trefoil Flower, a…
Turkish citizens are turning to cryprocurrencies amidst growing economic challenges. According to reports, more Turks are renewing their interest in crypto as the economy bites harder, especially as the Turkish Lira continues to lose value. Over the past years, the Turkish Lira…
A Hong Kong Lawmaker, Johnny NG has extended an invitation to digital currency exchanges around the world to come to the administrative region of China. Ng in a tweet invited crypto exchanges to apply for official trading platform status. “I hereby offer…
The popular crypto custody platform in Palo Alto BitGo, plans to acquire Prime Trust at an undisclosed price. A source privy to the matter revealed that the BitGo team has been seeking to close the Prime Trust acquisition deal. A person familiar…
Vitalik Buterin, the co-founder of the second largest crypto asset by market value, Ethereum, issued a synthesized roadmap for the technical transition of the network. In a blog post dated June 9, Buterin explained three fundamental aspects that would improve Ethereum scaling,…
Following the lawsuit by US Securities and Exchange Commission (SEC) against world’s largest crypto exchange Binance, there has been a huge outflow of assets from the exchange, a report by Cointelegraph says. Data shared by crypto analytic firm Nansen with Cointelegraph, reveals…
On Thursday, the Binance US team issued a report on suspending US dollar deposits. The Binance team stated that its banking partners are working on halting fiat dollar withdrawals as of June 13. From June 9, the Binance US team intends to…
The Financial Conduct Authority (FCA) in the UK has come up with new rules to guide crypto advertising in the country. The new rules place certain restrictions on crypto adverts targeting UK residents. Advertisers are also required to include a “cooling off…
Louis Vuitton, the famous luxurious fashion brand, announced on Tuesday plans to release a new series of non-fungible tokens (NFTs) dubbed “Treasure Trunks.” The fashion company stated that each NFT would be traded at $41712, equivalent to €39,000. The Louis Vuitton team…
Regulators in the state of California have ordered Coinbase to stop offering its crypto staking services in the state. The Department of Financial Protection and Innovation on Tuesday ordered the top US cryptocurrency exchange to ‘desist and refrain’. The department stated that Coinbase has…
On June 6, London’s leading cryptocurrency storage provider, Zodiac Custody, signed a partnership agreement with the blockchain firm Blockdaemon. Under the partnership agreement, Zodia and Blockdaemon agreed to invest in developing crypto-staking services that meet the ever-changing needs of institutional investors. Zodia…
Top crypto exchange OKX has partnered with Komainu Connect, a collateral management platform to secure assets of institutional investors. Komainu Connect will give OKX’s institutional customers access to secure, around-the-clock trading of segregated assets under custody. The arrangement will also increase the…
Metropolitan Museum of Art (Met), the world’s largest museum, has announced plans to return $550,000 to the Bahamian crypto exchange FTX. Before the collapse of FTX, the Met group received a substantial donations from the crypto exchange. According to the court, FTX…
A recent update issued by Neal Stephenson founder of Lamina 1 reveals that the firm will work closely with best-performing tech companies to launch an open metaverse. The report stated that Lamina 1 team would hire professionals from HTC, Mira and Qualcomm…
Leading crypto trading platform Crypto.com has obtained a Payment Institution (MPI) License from the Monetary Authority of Singapore. In a blog post on 1 June, the exchange said the license is for Digital Payment Token (DPT) services. Crypto.com will now continue to…
The Massachusetts-based crypto payment company Circle updated the Twitter community on June 1, plans to launch an itself-own stablecoin pegged to the US dollar USDC.e. The tweet revealed the Circle’s stablecoin would be centred on the Arbitrum network. A subsequent tweet from…
