The financial regulator in the UK, the Financial Conduct Authority (FCA) is hurting crypto firms in the country, Bittrex Global CEO Oliver Linch says. Speaking in an interview with The Block, the CEO who is also a lawyer said the stringent rules…
A U.S treasury official, Graham Steele has warned that policy makers in the country need to regulate crypto before the next financial crisis. Steele, who is the Treasury’s Assistant Secretary for Financial Institutions spoke on Thursday, at an event hosted by George…
The use of crypto in illicit activities has become the center of discussion among the global regulators. Despite the efforts to create a crypto-friendly environment in the European Union, the regulators expressed concerns about the rise of crypto crimes. This forced the…
In an advanced report, the French regulators approved a virtual assets service provider (VASP) license for the New York-based crypto exchange Gemini. The approval of Gemini’s VASP legally allows the crypto exchange to offer various crypto products and services. Addressing CNBC, the…
Two senators, Ron Wyden, D-Ore. and Cynthia Lummis, R-Wyo have demanded an investigation into the hack incident that affected the securities and exchange commission (SEC)’s official Twitter handle. The two senators have asked SEC Inspector General Deborah J. Jeffrey to open an…
On Tuesday, the leading crypto exchange in Seychelles, OKX, secured the virtual asset service provider (VASP) license from the Virtual Assets Regulatory Authority (VARA). The approval of the VASP license demonstrated OKX’s commitment to operate compliant in Dubai. In the January 16…
As the artificial intelligence craze persists,global regulators have expressed concerns about the implications of AI for the financial sector. In an official publication, the US Financial Services Committee (FSC) formed a task force to examine the impact of AI on the financial…
Wednesday 10 January 2024 was a major landmark in the history of crypto, as the securities and exchange commission (SEC) approved 11 spot Bitcoin ETFs after years of futile applications. However, the commission’s chairman Gary Gensler still remains skeptical about Bitcoin, the…
On January 9, the crypto community condemned the US Securities and Exchange Commission (SEC) for misleading the investors after the hackers exploited their X account. In the tweet, the hackers claimed that the SEC had approved the Bitcoin ETFs. The tweet created…
Following the intense efforts made by El Salvador to create a crypto-friendly state other countries such as Honduras have replicated the move to tap the endless benefits offered by digital assets. In an advanced report the Próspera, a special economic zone situated…
The securities and exchange commission (SEC) has issued a warning to investors against fear of missing out (FOMO) as hopes of a BTC ETF approval rise. FOMO is the feeling you get when you feel like something is happening that you could…
As the crypto community eagerly awaits the approval of the Bitcoin exchange-traded funds (ETF), the Wall Street titans led by BlackRock are exploring possible ways to offer the new financial product compliantly. The BlackRock team revealed plans to cut off its workforce…
With the recent development in the crypto industry, financial and investment experts have expressed optimism about the future of the best-performing digital assets such as Bitcoin. In a December 2 interview on CNBC Mad Money, the host of this program Jim Cramer…
In a Monday report, the South Korean cross-chain bridge Orbit was hit by a major cyber attack that resulted in the loss of a substantial amount. The Orbit team complained that the hackers gained unauthorized access to the cross-chain and drained approximately…
As Nigeria seeks to become a go-to destination for crypto firms, the regulator plans to create a friendly environment for digital assets. A few days ago, the Nigerian Central Bank (CBN) lifted the ban on bank involvement in crypto activities. The lifting…
DeFiance Capital, the California based crypto investment company has been hit by a major leadership shake up following the departure of the top level executive. Last week, the head of portfolio growth at DeFiance, Yeou Jie Goh, stepped down from his role….
In a December 28 report, the prominent crypto exchange in Canada, Catalyx, indefinitely suspended withdrawals, depository services and all trading activities following a security breach incident. The discovery of the security breach forced Catalyx to take decisive actions to address the matter. …
India’s Financial Intelligence Unit has notified some exchanges of the need for compliance, saying they are operating illegally in the country. The agency named top global exchanges including Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex among those not…
Following the uplifting of the ban on banks in Nigeria, the crypto community expressed their excitement about the new rules. In a December 23 publication, industry leaders who collaborated with the Central Bank of Nigeria (CBN) in revising the existing crypto regulation…
In a recent report, KyberSwap revealed plans to downsize following the multi-million dollar exploit that plunged the company into financial woes. The report demonstrated that the Singapore-based decentralized finance protocol will reduce 50% of the workforce to remain afloat. A statement from…
