Cheyenne, Wyoming, Tuesday, April 9, 2024 – A federal judge has ruled against Custodia Bank in its lawsuit challenging the Federal Reserve’s rejection of its application for a master account. In 2022, Custodia Bank filed a lawsuit against the central bank for procrastinating its decision regarding acquiring a master account. On Friday, March 29 a […]

Dubai, Tuesday, March 12, 2024 – Nexo, a company offering digital asset services, has secured initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a licensed entity in the emirate. This initial approval allows Nexo to proceed with the licensing process, seeking full authorization for activities, such as lending, borrowing, management and […]

Dubai, UAE , November 27, 2023: The Dubai Virtual Assets Regulatory Authority (VARA) issued an alert warning investors and market participants last month over the unauthorized issuance, marketing, and retail distribution of a cryptocurrency called “Islamic Coin” (ISLM) by Bored Gen DMCC (BG). According to the VARA alert, BG is not a licensed or registered […]

London, UK, October 10, 2023: The value of illicit crypto laundered through cross-chain criminal activities has surged to a record-breaking $7 billion, according to a newly released report by blockchain analytics and risk management firm Elliptic. The report, titled State of Cross-Chain Crime Report by Elliptic, was released on October 4, 2023. The report found […]

Wednesday, November 20, 2024 – Ethereum Foundation (EF), the second largest blockchain platform, secured $970.2 million in its treasury by October 31, its recent financial report on November 8, said. The EF financial report can be found here Compared to the financial report released in March 2022, a dip of 39% could be observed in […]

LONDON, UK, Monday, February 27, 2024 – Fidelity International, a leading asset manager, announced a significant reduction in the fee associated with its European Bitcoin Exchange-Traded Product (ETP) on Tuesday, joining a growing trend in the European crypto ETP market. The Fidelity Physical Bitcoin ETP (FBTC) will now have a total expense ratio (TER) of […]

NEW YORK, NY, Tuesday, February 6, 2024 – Formerly prominent exchange FTX has officially abandoned its efforts to relaunch its platform. Restructuring advisers would need to examine the millions of claims that have been filed against FTX to weed out those that are not legitimate, Bloomberg News reported, citing Andrew Dietderich as saying this during […]

Connecticut, Monday, April 8, 2024 – A new investment tool, the Grayscale Dynamic Income Fund (GDIF), was launched to assist clients in maximizing their earnings from staking rewards when managing their portfolios, Grayscale said recently. Grayscale’s Dynamic Income Fund (GDIF) is an investment vehicle designed to generate income for investors through cryptocurrency staking. Unlike some […]

Hong Kong, Monday, April 1, 2024-The Hong Kong Securities and Futures Commission (SFC) recently issued a public warning regarding HKCEXP, a platform that trades crypto assets, urging caution among investors. While the exact nature of HKCEXP remains unclear, the SFC emphasized potential risks associated with it. The SFC stressed the importance of conducting thorough research […]

NEW YORK, NY, NOVEMBER 21, 2023: JPMorgan Chase & Co., a leading global financial services firm, announced the launch of programmable payments, a new feature powered by blockchain technology that enables businesses to automate fund transfers based on predefined conditions. This innovative solution marks a significant step forward in the bank’s ongoing efforts to leverage […]

Stamford, Connecticut, Tuesday, March 12, 2024 – Grayscale Investments, the company behind the world’s largest Bitcoin exchange-traded fund (ETF), announced on March 4 the launch of a new cryptocurrency product, the Grayscale Dynamic Income Fund (GDIF). It said the GDIF is a first-of-its-kind actively managed fund for Grayscale, focusing on staking rewards from various Proof-of-Stake […]

Singapore, Wednesday October 4 — Ripple and Coinbase, two of the world’s leading cryptocurrency companies, have received licenses to operate in Singapore. The Monetary Authority of Singapore (MAS) announced on October 3, 2023 that Ripple and Coinbase had been granted Major Payment Institution (MPI) licenses. This license allows companies to provide a wide range of […]

London, Tuesday, April 19, 2024 – The Securities and Exchange Commission (SEC), the US agency responsible for fortifying the regulations of markets and investors, was sanctioned on March 25 by a US district court due to the “bad faith” in the lawsuit against Debt Box, according to the resource. The motion filed by the SEC […]

SINGAPORE, Tuesday, April 9, 2024- Singapore’s Monetary Authority of Singapore (MAS), has implemented licensing requirements for companies offering crypto custodial services. The regulations, passed by parliament in 2021 but activated on April 4, 2024, aim to bring greater transparency and consumer protection to the burgeoning crypto sector. Under the new rules, firms holding clients’ digital […]

Taipei, Oct. 11, 2023: Taiwan is aiming to pass a new law regulating cryptocurrencies by November, according to a report in Forbes Magazine. The passage of a new cryptocurrency law in Taiwan would be a significant step for the country. Taiwan is one of the largest cryptocurrency markets in the world, and the new law […]

Brooklyn, Wednesday, March 13, 2024– Uniswap, the decentralized exchange protocol, announced on February 27, 2024, their new releases of Uniswap Extension, Limit Orders, Data, and Insights on the Uniswap platform. The Uniswap protocol that is operative on both web and mobile apps has broadened its space for users’ utility. The facile method of utilizing the […]

SINGAPORE, Tuesday, January 16, 2024- South Korean cryptocurrency exchange Upbit has obtained a full Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), opening the door for expanded operations in the city-state. The license, granted on Friday, January 19, 2024, empowers Upbit to offer regulated digital payment token (DPT) services to users […]

WASHINGTON, Tuesday, April 23, 2024- A senior U.S. Treasury Department official called for stricter regulations to combat illicit activity within the cryptocurrency sector during a Senate Banking Committee hearing on April 9, 2024. The excerpts from the Treasury’s proposals can be seen here. The Senate Banking Committee is expected to consider legislation addressing cryptocurrency regulation […]

New York, Friday, December 8– Investment firm VanEck, in its recent report titled 15 Crypto Predictions for 2024, predicts a surging year for Solana (SOL), forecasting it could join the top three cryptocurrencies by market cap. The report, released on December 7, cites Solana’s impressive technical capabilities, with its fast 65,000 transactions per second (TPS) […]

DUBAI, Saturday, November 18– The Dubai Virtual Assets Regulatory Authority (VARA) announced a leadership transition as it gears up for full-scale market operations on November 16. Matthew White, a seasoned technology and digital trust expert with over 20 years of global advisory experience, will take over as CEO from Henson Orser, who successfully oversaw VARA’s […]