As the crypto sector prepares to tap new opportunities in the upcoming Bitcoin halving, miners in Kazakhstan have expressed concerns on the limitations imposed by the government on crypto mining. In October 3 report the crypto miners advised President Kassym-Jomart Tokayev to…
Top crypto exchange Coinbase has secured a Major Payment Institution license in Singapore after securing an in-principle approval last year. The license granted by the The Monetary Authority of Singapore empowers Coinbase’s Singapore office to offer a wider range of Digital Payment…
As Brazil continues to witness a surge in crypto adoption, the regulators are taking strategic action to nurture the attractiveness of the digital sector. An official announcement by the Brazilian authority revealed that the government plans to roll out a blockchain-powered digital…
Chairman of the U.S. securities and exchange commission (SEC), Gary Gensler came under fire from the U.S. congress in a Wednesday hearing over his approach towards crypto regulation. Gensler faced several questions on the floor of the house, the major ones being…
Lawmakers in the U.S. have urged the chairman of the securities and exchange commission, Gary Gensler to immediately approve a Bitcoin spot exchange traded fund (ETF). The lawmakers including Reps. Mike Flood, R-Neb., Tom Emmer, R-Minn., Ritchie Torres, D-N.Y. and Wiley Nickel,…
Leading crypto exchange Binance is working in partnership with Japan’s top bank, MUFG to study the issuance of a new stablecoin pegged to fiat currencies. The exchange in a statement on Tuesday said Binance Japan Inc. is conducting a joint study with…
On September 22, the chief executive of the Hong Kong Monetary Authority (HKMA), Eddie Yue, confirmed that the mBridge project expects significant development in the coming days. The CEO delivered his keynote speech at the 2023 Bund Summit in Shanghai China outlining…
Mixin Network, prominent blockchain protocol that addresses scalability concerns, has suffered loss of substantial assets after the hackers compromised its database. In a September 23 update, the Mixin team lamented that hackers launched a malicious attack on the protocol, draining assets worth…
As part of its strategy to enlighten investors about safe crypto firms to use, Hong Kong is releasing the list of crypto firms that applied for its newly launched retail crypto trading licenses. This new decision was informed by the JPEX’s incident…
Since 2022, the Terra Classic community has been pursuing ways to repeg its stablecoin USTC, which formed a bearish market structure. In a recent report, the Terra community suggested that the stablecoin issuer should cease minting digital assets. Also, the community urged…
In a recent X post (formerly Twitter), the chief executive of Coinbase, Brian Armstrong, opposed regulating the use case of artificial intelligence (AI) technology. Despite the inherent risk associated with the adoption of AI technologies, the CEO urged regulators to impose policies…
The Japanese Bitcoin exchange platform Mt. Gox has prolonged the deadline for repaying the creditors to next year. A letter penned by Nobuaki Kobayashi, the head of trustee, illustrated that the repayment period has been moved to October 31, 2024. The trustee…
Leading crypto exchange Binance on Thursday outlined the details of a consultation it had with the European Banking Authority regarding stablecoin-specific regulations in the European Union’s Markets in Crypto Assets (MiCA) legislation. One of the key areas of focus for the conversation…
Crypto payment gateway Alchemy Pay has secured a Money Transmitter License in Arkansas, the company said in a press release on Thursday 21 September. The license granted by the Arkansas Securities Department, empowers Alchemy Pay to enhance its operations within the United…
In an advanced report, the Chamber of Digital Commerce (CDC) revealed plans to launch an strategic coalition dubbed Digital Power Network (DPN) to support the agency in promoting innovation. The launching of DPN aims to support the organization in establishing robust trade…
The U.S securities and exchange commission (SEC) says it will extend its crypto hunt to more crypto firms soon. Head of the agency’s Crypto Assets and Cyber Unit, David Hirsch said this on Tuesday at the Securities Enforcement Forum Central in Chicago. Hirsch…
The enforcement approach to crypto regulation in the U.S. is likely to cause the loss of 4 million jobs by 2030, a recent analysis by Coinbase shows. Coinbase says the approach risks the U.S. one million developer jobs and three million non-technical…
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…
