Crypto bank, SEBA Bank has secured a license from Hong Kong’s Securities and Futures Commission for its subsidiary to operate crypto-related services in the city. The license allows SEBA Bank to be a dealer and distributor of all securities, including virtual assets-related…
In an advance report, the Financial Services Commission (FSC) in Mauritius revealed plans to gather valuable inputs from key industrial players on the significance of incorporating the metaverse in the financial sector. With the rapid growth of the financial sector, the FSC…
Ledger wallet users have suffered loss to the tune of $588,000 due to a fake Ledger Live App. blockchain security firm ZachXBT announced this in a tweet on 5 November. The fake app named “Ledger Live web3” was reportedly found on the…
Avraham Eisenberg, the man behind the $116 million Mango Market exploiter, has received an extension to his trial dates after a long legal battle between the government prosecutors and his defense lawyers. As the legal peril facing Eisenberg widened, his lawyers requested…
Bittrex Global CEO Oliver Linch says the UK crypto asset regulation proposals released earlier this week are a step in the right direction. He said the proposal is necessary for the UK to become a true crypto hub. He added that although…
The Dubai Financial Services Authority (DFSA) has approved Ripple’s XRP token for use within the Dubai International Financial Centre (DIFC). As a result, licensed virtual asset firms within the DIFC can now incorporate XRP into their virtual asset services. By this approval,…
Tether has extended its loan facility to German data center operator, Northern Data Group. The $610 million loan will help Northern Data Group expand its Bitcoin mining, AI, and data center operations. “Northern Data Group entered into a loan agreement with a…
The financial regulator in Hong Kong, the Securities and Futures Commission (SFC) has released new guidelines for asset tokenization in the Chinese administrative region. In a circular released on Thursday 2 November, the SFC provided rules for intermediaries engaging in tokenized securities-related…
On Tuesday, October 31, the German-based automation company Siemens entered into a partnership agreement with Microsoft to explore viable opportunities in artificial intelligence (AI) technology. The announcement revealed that Siemens and Microsoft will focus on developing AI assistive tools. The partnership coincided…
Web3 digital wallet company Backpack has announced it is launching a crypto exchange backed by Dubai regulatory license. The new exchange has already obtained a VASP license from the Dubai Virtual Assets Regulatory Authority. Named Backpack exchange, the trading platform will enter…
The year has been mostly rough for the crypto market, and investors were already getting used to the status quo. However, Bitcoin made a comeback recently, rising close to $35,000 and taking the rest of the market with it. The comeback wasn’t…
In an advanced report, the policymakers in Marshall Island approved new legislation on crypto assets. The report demonstrated that the new law aims to strengthen existing laws on decentralized autonomous organizations (DAOs). At the initial rule-making process, the bill was formulated by…
The Monetary Authority of Singapore (MAS) has partnered regulators in Europe for better policy on the regulation of crypto assets. According to a press release today, Monday 30 October, the agency is partnering Financial Services Agency of Japan (FSA), the Swiss Financial…
The UK has finally released its policy for the regulation of fiat-backed stablecoins, marking a significant milestone in its effort towards crypto regulation. The release of this policy makes way for inclusion of these stablecoins in the UK payment chains. The new…
In an advanced announcement, Trezor, the leading crypto hardware wallet provider in Prague, has revealed plans to investigate a phishing campaign targeting its customers. The report demonstrated that Trezor users have been receiving phishing emails that lured them to download a suspicious…
A senior official of the Federal Reserve, Michael Barr says stablecoins need to be regulated. Barr stated this on Friday in prepared remarks while speaking at a conference in Washington D.C. Barr, who is the vice chair of supervision at the Fed,…
In an October 27 court hearing, the founder of the FTX, Sam Bankman Fried, revisited some of the plans he had for the now-defunct crypto exchange. Shortly after the launch of FTX, the crypto mogul planned to sell his venture to the…
Taiwan has proposed a bill for the regulation of crypto, which passed first reading at the parliament today Friday 27 October, reports say. The special law proposed by parliament member Chang Chiang and 16 other lawmakers would require all crypto platforms operating…
With the ongoing spot Bitcoin exchange-traded fund (ETF) discourse, the leading asset manager in Sao Paulo, Hashdex, has made an exciting move to end the US Securities and Exchange (SEC) delays in approving the pending applications. On Thursday, October 26, the Hashdex…
Lawmakers in the U.S have called on the Department of Justice to investigate crypto exchange Binance and issuer of USDT stablecoin, Tether to ascertain their involvement with terrorism. This call comes following the terrorist attack on Israel a few weeks ago. In…
