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…
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…
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…
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…
Leading crypto exchange Binance has suspended Australian Dollar (AUD) deposit and withdrawals via bank transfer. This is coming in the midst of issues with the exchange’s banking partner responsible for processing such transactions. The partner has given Binance users in Australia up…
On May 29, the Russian government announced plans to abandon launching the national crypto exchange. The Russian regulators plan to supervise the crypto exchanges in the coming days completely. In November 2022, the Russian regulatory agencies issued a proposal describing the need…
Top crypto exchange Gemini has teamed up with bankrupt digital asset lender Genesis Global Capital to challenge a Securities and Exchange Commission (SEC) case against the exchange’s earn program. The SEC had in January this year filed a lawsuit against the two…
Binance, the largest crypto exchange by daily trading volume, penned a partnership agreement with Gulf Innova Co, Ltd to expand to Thailand. The announcement conveyed by Binance on May 26 revealed that the crypto exchange received the Thai digital asset operator permit…
An official publication dated May 25 revealed that the Worldcoin project generated $115 million in a series C funding round. The Worldcoin project team Tool for Humanity revealed that Blockchain Capital led the completed funding round. The report stated that the funds…
An official publication by the Brooklyn-based blockchain firm Ava Labs revealed that the blockchain firm has successfully launched AvaCloud, a web3 launchpad. The post mentioned that the AvaCloud technology aims at supporting firms to create “no-code,” which will be controlled by blockchain…
In a recent announcement Dan Berkovitz, the former Commodities Futures Trading Commission Commissioner (CFTC), stated that Ether (ETH) could be grouped as a security and commodity. Commissioner Berkovitz stated that two regulatory agencies could regulate ETH. In an interview with Laura Shin…
A recent report from the Seychelles-based crypto exchange OKX revealed that the firm is seeking to acquire the Digital Asset Service Provider (DASP) permit to pursue the French market. According to the OKX report, the firm plans to establish its regional hub…
The famous Bitcoin payment company Strike has revealed plans to broaden its market presence to over 65 countries. On May 19, the Strike chief executive officer Jack Maller conveyed an advanced report on the company expansion plan. Before this, Strike announced plans…
The Wyoming-based financial institution Custodia Bank plans to launch Bitcoin custodial service for its diverse clients. Speaking at the Bitcoin 2023 panel in Miami, Custodia Bank chief executive Caitlin Long stated that the diversification of businesses had compelled companies to separate the…
UK members of parliament have called for regulation of crypto in the same category as gambling business. The country’s treasury committee made this recommendation citing the risks and uncertainties associated with crypto investing, such as price volatility A report released by the…
An official report from the popular stablecoin issuer Tether reveals that the company will heavily invest in purchasing Bitcoin (BTC) to strengthen the excess reserves. The May 17 report disclosed that the company would allocate approximately 15% of the profits to purchase…
On May 16, the leading crypto exchange in the US, Coinbase, suspended the Ethereum (ETH) staking rewards due to technical challenges. The Coinbase team revealed that the suspended ETH staking platform would continue to allow the user to earn rewards which will…
Number one crypto exchange Binance has folded up in Canada, citing a harsh regulatory environment. The top exchange has been in operation in Canada for many years, but suddenly announced it was moving out of the country for good. This comes as…
