A blockchain developer Pedro Magalhaes has discovered that the Brazilian central bank digital currency (CBDC) has a feature that allows the central bank to freeze users’ funds. Magalhaes discovered this when reviewing the Github codes for the country’s CBDC. The feature also…
Regulatory authorities in Argentina have given approval for the first Bitcoin-based futures contract. The futures contract is already available for trading to qualified investors via the Matba Rofex trading platform. The approval was given by the Argentine financial markets regulator, the National…
Larry Fink, the chief executive of BlackRock, announced on Friday, July 14, the importance of cryptocurrency in democratizing global investing. The CEO stated that crypto assets have gained popularity among company investors. Speaking at an interview with CNBC Squawk, the CEO confessed…
The Indonesian Commodity Futures Trading Supervisory Agency (CFTRAT), commonly known as Bappebti, revealed plans to launch a national crypto exchange before the end of July. Speaking at the local newsroom Tempo, the CFTRAT confirmed that the proposed crypto exchange would be released…
A Southern District of New York Court delivered a partial victory to Ripple in its long battle against the US securities and exchange commission (SEC). RIpple has been in court since December 2020 as the SEC claimed that XRP was a security….
A court sitting in the Southern District of Florida has ordered crypto exchange Digitex to pay a $16 million fine for operating an unregistered crypto exchange. The court gave the order on account of charges by the US Commodities and Futures Trading…
The largest crypto exchange in the US by trading volume, Coinbase, announced on Wednesday, July 12, an upgrade on its digital wallet. The Coinbase team introduced an encrypted messaging feature on the wallet to facilitate users communication. The report revealed that Coinbase…
The UK-based British multinational bank Standard Chartered forecast that Bitcoin (BTC) will break the $120 000 resistance level in Q4 of 2024. The Standard Chartered report demonstrated that the BTC price will increase by 300% from the $30 000 current reading. In…
The court case between Coinbase and the US securities and exchange commission (SEC) has been on for weeks, and the process is getting more interesting. In the latest happenings, the SEC has accused Coinbase of Knowingly violating securities laws. The SEC had…
On July 7, the American-based crypto solution provider Ripple Labs announced plans to launch a new program utilizing tokenization technology to transform the real estate sector. In a Twitter statement, Ripple’s central bank digital currency (CBDC) strategic adviser Antony Welfare explained the…
A bill granting exemption from capital gains taxes on the sale of digital currencies for foreigners has passed through a preliminary reading in Israel’s parliament on June 5. The bill also seeks to allot other tax benefits to foreign digital asset holders…
On July 5, the chief executive of BlackRock Larry Fink expressed his positive stance on crypto assets. In an interview with Fox Business, the CEO confirmed that crypto assets have played a significant role in digitizing gold. Fink urged the US regulatory…
Binance offices in Australia have been invaded by personnel of the Australian Securities and Investments Commission ASIC). The search was carried out yesterday Tuesday 4 July as part of an ongoing probe of the exchange’s defunct derivatives business. In a statement shortly…
Starting November 2023, crypto exchanges in South Africa will be required to register with the country’s financial regulator or face sanctions. This comes after the Financial Sector Conduct Authority (FSCA) declared that no exchange will be allowed to operate without a license….
Bitcoin Depot, North America’s largest crypto ATM provider, went live on Nasdaq Stock Exchange on Monday, July 3. The launching of Bitcoin Depot ranked as the first America Bitcoin ATM provider to be available on Nasdaq. According to Nasdaq, Bitcoin Depot is…
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…
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…
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…
