Hong Kong has responded to the word of caution Ethereum’s Co-founder and CEO, Vitalik Buterin sounded at the Web3 Transitions Summit in Singapore on Thursday. Buterin in his presentation said businesses intending to establish in Hong Kong should consider the stability of…
The pursuit to become the leading crypto hub in Central America has forced El Salvador to invest in improving its business attractiveness to push for mainstream adoption of Bitcoin. On September 8, the Salvadorian Ministry of Education officially launched the pilot program…
The securities and exchange commission (SEC) has fired back at Ripple for asking a New York court to throw out the agency’s appeal against its win. The SEC on Friday said the appeal won’t be a prolonged process as it will only…
A report featured on the Taiwanese local news outlet CNA revealed that the Eastern Asian country will restrict foreign exchange that violates the existing regulation. The Taiwan Financial Supervisory Commission (FSC) plans to impose new regulations on crypto assets. In a recently…
The U.S. Commodities Futures Trading Commission (CFTC) has filed and settled cases against three decentralized finance (DeFi) protocols, Opyn, ZeroEx and Deridex. The commission announced this on Thursday, warning other DeFi protocols to be cautious. According to the CFTC, Deridex and Opyn…
An Australian fintech company, Block Earner has announced plans to launch a new crypto loan service. This is coming in spite of an ongoing court case with Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), for allegedly offering financial products…
The UK has decided to implement the Financial Action Task Force’s Travel Rule, effective September 1 2023. This is in an attempt to apply anti-money laundering and counter-terrorist financing regulations to on-chain activities. Consequently, the Financial Conduct Authority (FCA) will now require…
Cryptocurrency platform SEBA Bank has secured an in-principle approval to operate in Hong Kong. The license gives the crypto bank the right to offer crypto-related services in the Chinese administrative region. The license makes SEBA Hong Kong the first licensed corporation in…
An announcement conveyed by the largest crypto exchange by daily trading volume, Binance, revealed that the firm is seeking to exit the Russian market. The report demonstrated the controversial crypto exchange plans to wind down its operation in Russia due to the…
Three Republican lawmakers have accused the Federal Reserve of delaying the progress of the Stablecoin regulation bill. The three lawmakers, House Financial Services Committee Chair Patrick T. McHenry, R-N.C., Rep. Bill Huizenga, R-Mich., and Rep. French Hill, R-Ark., stated this in a…
An update feature on the Russian News outlet “VC.RU” demonstrated that Bybit and OKX had delisted the peer-to-peer (P2P) transactions facilitated by the local banks. The announcement indicated that Tinkoff and Sberbank will no longer support the payment made to the crypto…
Hashkey, the popular crypto exchange in Hong Kong, is set to begin its retail trading on Monday, August 28. Addressing the local news site, the Hashkey team will support the buying and selling of Bitcoin to retail clients. The report demonstrated that…
An update on X (formerly Twitter) urged the crypto builders to flee from the U.S. market. The founder of the San Francisco decentralized exchange dYdX, Antonio Juliano, advises crypto investors at early growth stage to suspend their U.S. operations for the next…
An X post by the Binance customer service department revealed that the world’s largest crypto exchange by daily trading volume will suspend the Euro withdrawals and deposits made through the Single Euro Payments Area (SEPA). The August 20 tweet stated that the…
The Melbourne-based crypto lending company Maple Finance has yielded $5 million in a funding round led by Tioga Capital. An August 22 report revealed that other key players in the digital sector, including Blocktower Capital, Veris Ventures, GSR, and The Spartan Group,…
On Tuesday, August 22, the Oman Ministry of Transport, communication, and information technology (MTCIT) officially launched an innovative data hosting and crypto mining center. The launching event was preceded by Hamoud al Maawali, an engineer at MTCIT. The new mining center is…
In an advanced report, the leading stablecoin issuer, Tether, revealed that the firm has invested in creating innovative software to improve Bitcoin mining activities. The proposed software will support Bitcoin mining operations that leverage data analytical tools and renewable energy. Addressing the…
In a wide-ranging interview with CNBC titled Squawk Box, the head of research at Fundstrat, Tom Lee, projected that approving the pending Bitcoin spot exchange-traded funds (ETFs) application will trigger the Bitcoin prices to garner bullish momentum. The analyst anticipates that the…
Top global crypto exchange Coinbase has secured regulatory permission to offer crypto futures trading services in the U.S. The approval coming from the National Futures Association (NFA), allows Coinbase Financial Markets, Inc. to operate a Futures Commission Merchant (FCM) and offer eligible…
It is no longer news that the securities and exchange commission (SEC) in the U.S. led by Gary Gensler is aggressively pursuing crypto regulations enforcement. What’s new is that the agency is extending its focus to artificial intelligence, thus focusing on AI…
