Binance, a major cryptocurrency exchange, is facing a lawsuit from the United States Securities and Exchange Commission (SEC) for allegedly selling unregistered securities and operating as an unlicensed exchange in the country. In response, Binance has filed a motion to dismiss the lawsuit, arguing that the SEC’s interpretation of securities laws is flawed and that […]
Gemini, a cryptocurrency exchange, has announced measures to comply with the controversial crypto Travel Rule in the United Kingdom. However, this move has been met with criticism from a Trezor analyst who believes it is a step towards overregulation and will limit customers’ freedom for self-custody of their crypto assets. Starting on November 17, Gemini […]
Rep. Tom Emmer (R-MN) delivered a scathing speech on the House floor, criticizing Securities and Exchange Commission (SEC) Chair Gary Gensler for his handling of digital asset regulation. Emmer accused Gensler of being ineffective and incompetent, pointing out that the SEC has pursued enforcement actions against the digital asset industry without finalizing any rules or […]
The Progmat Coin ecosystem is making progress in Japan, with the aim of launching two stablecoins in the summer of 2024. Progmat, along with Mitsubishi UFJ Financial Group (MUFG) and wallet provider Ginco, is conducting a study to issue a yen-denominated stablecoin (XJPY) and a dollar-denominated stablecoin (XUSD). This initiative is expected to improve the […]
Former US President Donald Trump’s cryptocurrency holdings have experienced a significant surge in value, according to recent disclosures. Trump’s wallet, previously estimated at $2.8 million, has seen an increase of over $15,000 in the last 24 hours due to Bitcoin’s recent rally. This surge not only highlights the growing importance of digital assets but also […]
HSBC Holdings Plc, one of the world’s largest banks, is making a strategic move in the financial industry by offering custody services for digital assets to institutional clients. In collaboration with Metaco, a decentralized finance firm owned by Ripple, HSBC plans to provide secure and efficient management of digital assets. This move is in response […]
XRP’s market capitalization has increased by over $2 billion following Ripple’s expansion of its global payments network into three new corridors. The San Francisco-based firm has partnered with payments fintech company Onfariq to open routes connecting Africa, the UK, Australia, and Gulf Cooperation Council (GCC) countries. This partnership aims to eliminate traditional problems associated with […]
The United States Federal Reserve has recently increased its scrutiny of stablecoins, citing concerns that private entities are creating private money that could pose risks to the financial system. Michael Barr, the vice chair of the Federal Reserve for Supervision, has called for a robust federal framework to regulate stablecoins, particularly those linked to fiat […]
OPNX, the cryptocurrency exchange founded by Kyle Davies and Su Zhu, has obtained a virtual asset service provider (VASP) license from Lithuania. This license allows OPNX to offer spot crypto exchange services throughout the European Union. The exchange has emphasized its commitment to high standards of compliance and security, implementing a robust Know Your Customer […]
The Swiss labor market is grappling with stagnant wages and a scarcity of skilled workers. Despite concerns from Swiss companies about a lack of workforce, wages have remained stagnant for an extended period. This goes against the principles of supply and demand, which suggest that limited resources should command higher prices. However, a recent UBS […]
