The United Kingdom’s new rules for promoting crypto assets have caused confusion and a lack of compliance among firms. In response, the Financial Conduct Authority (FCA) has issued additional guidance to help crypto firms adhere to the rules. The FCA’s guidance, released on November 2, aligns with existing rules for high-risk investments and aims to […]
Ripple has received official approval from the Dubai Financial Services Authority (DFSA) for its XRP cryptocurrency token. This means that licensed firms in the Dubai International Financial Centre (DIFC) can now incorporate XRP into their virtual asset services. The DFSA’s virtual assets regime now allows for four digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin […]
St. Galler Kantonalbank (SGKB), one of Switzerland’s oldest banks, has made a significant move into the world of cryptocurrency. Through a partnership with SEBA Bank, SGKB now offers its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). This expansion into digital assets puts SGKB at the forefront of Swiss banks embracing […]
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas Smith, on fraud charges. The price of SFM plummeted from $0.0002025 to $0.0000718 as investors rushed to sell their holdings in […]
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas Smith, on fraud charges. The price of SFM plummeted from $0.0002025 to $0.0000718 as investors rushed to sell their holdings in […]
The United Kingdom’s National Crime Agency is establishing a specialized digital assets team and is looking to hire six crypto investigators. These investigators will be responsible for conducting advanced tracing on blockchains and providing specialist advice and guidance to support new and existing investigations. The base salary for the role has been criticized by some […]
Sandeep Nailwal, co-founder of Polygon (formerly known as Matic Network), has always had a burning desire to achieve greatness. Growing up in poverty in a Delhi ghetto, he was determined to make a big impact and not settle for mediocrity. Despite reaching a $19 billion market cap and becoming one of the top 10 cryptocurrencies, […]
The Dubai Virtual Assets Regulatory Authority (VARA) has granted an “Initial Approval” license to WadzPay, a crypto firm, as part of its journey to obtain a Virtual Asset Service Provider (VASP) license. This license allows WadzPay to begin preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and […]
USD Coin (USDC), the second-largest stablecoin, has experienced a decline in its circulating supply, falling below 25 billion for the first time since 2021. This decrease in supply is a result of Circle, the issuer of USDC, curbing minting services for retail users. Circle stated that they have discontinued their customer app and are now […]
SafeMoon, a decentralized finance project, has been charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud. The project was exploited in March, resulting in a net loss of $8.9 million in BNB. The funds associated with the exploit have been moving through centralized exchanges, which could be crucial […]
