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11 months, 1 week agoRobinhood Announces Plans to Launch Stock-Exchange App in the UK
Online trading platform Robinhood has announced its plans to launch its stock-exchange application in the United Kingdom as part of its ongoing efforts to expand internationally. The company’s co-founder and CEO, V…
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11 months, 1 week ago
Canadians Express Negative Sentiment Towards Central Bank Digital Currency Initiative
A recent public consultation conducted by the Bank of Canada on the country’s central bank digital currency (CBDC) initiative has revealed a negative sentiment among Canadians. The consultation aimed to explore t…
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11 months, 1 week agoUK Introduces New System for Voluntary Disclosure of Unpaid Taxes on Crypto Assets
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to voluntarily disclose any unpaid tax on digital assets, including cryptocurrencies like Bitcoin, NFTs, and utility tokens. This i…
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11 months, 1 week agoBrazil Senate Approves New Tax Rules for Cryptocurrency Income
Brazilians may soon face a new tax on income derived from cryptocurrencies held on exchanges outside the country. The Brazil Senate has approved new income tax rules that would require individuals to pay up to 15%…
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11 months, 1 week agoSwiss Asset Manager Pando Asset Files for Spot Bitcoin ETF with BNY Mellon and Coinbase as Partners
Switzerland-based asset management firm Pando Asset AG has filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The ETF, if approved, would be listed on Nasdaq…
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11 months, 1 week agoBinance to Cease Support for BUSD Products Following Paxos' Minting Halt
Binance, one of the major cryptocurrency exchanges, has announced that it will no longer support Binance USD (BUSD) products starting from December 15. This decision comes after Paxos, the issuer of BUSD, halted…
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11 months, 1 week agoCentral Bank Digital Currencies Face Growing Cybersecurity Risks, Warns BIS Report
A recent report from the Bank for International Settlements (BIS) has highlighted the potential vulnerability of central bank digital currencies (CBDCs) to cyber threats. The report emphasizes the importance of…
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11 months, 1 week agoBlackRock Modifies Bitcoin ETF Structure to Address SEC Concerns
BlackRock, a major asset manager, has made revisions to its proposed spot Bitcoin ETF structure in an effort to address concerns raised by the Securities and Exchange Commission (SEC). The changes aim to mitigate…
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11 months, 1 week agoBlur NFT Marketplace's Season 2 Airdrop Rewards User with $11 Million in Tokens
Footballer Cristiano Ronaldo is currently facing a lawsuit for his involvement in promoting nonfungible tokens (NFTs) linked to the crypto exchange Binance. The lawsuit alleges that Ronaldo encouraged his followers…
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11 months, 1 week agoIOTA Foundation Establishes First DLT Foundation in UAE with $100 Million Investment
IOTA, a leading distributed ledger technology (DLT) project, has achieved a significant milestone in its strategic expansion by registering the first DLT foundation in the United Arab Emirates (UAE). This move is…
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11 months, 1 week agoCopper to Launch Tokenized Securities Service in Abu Dhabi
London-based crypto trading firm Copper is set to launch tokenized securities early next year. Led by former British Chancellor Phillip Hammond, the company aims to cater to the growing demand from institutional…
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11 months, 1 week agoPhilippines SEC Warns Against Binance's Unauthorized Operations
The Philippines Securities and Exchange Commission (SEC) has issued a cautionary statement regarding the use of Binance, a cryptocurrency exchange. According to the SEC, Binance does not have the necessary license…
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11 months, 1 week agoUS Treasury Sanctions Sinbad Mixer for Money Laundering Tied to North Korea's Lazarus Group
The U.S. Treasury Department has imposed sanctions on the cryptocurrency mixing service Sinbad.io for its involvement in facilitating money laundering activities by North Korean state-sponsored hacking groups.…
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11 months, 1 week agoPaxos Receives Approval to Issue Stablecoins and Provide Digital Asset Services in Abu Dhabi
Crypto firm Paxos has received in-principle approval from Abu Dhabi’s regulator to issue stablecoins and provide digital asset services. The Financial Services Regulatory Authority in the Abu Dhabi Global Market h…
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11 months, 1 week agoRipple CTO Calls for Legislative Clarity on Crypto Regulations
David Schwartz, the CTO of Ripple, has called for legislative action to clarify regulations surrounding digital assets in the United States. In a series of tweets, Schwartz emphasized the need for a balanced…
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11 months, 1 week agoUS Treasury Seizes Sinbad.io, Crypto Mixer Linked to North Korean Hackers
In a joint operation by the FBI and Dutch Financial Intelligence, Sinbad.io, a cryptocurrency mixing service, has been seized by the U.S. Treasury Department. The move is part of a broader crackdown on illicit…
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11 months, 1 week agoCristiano Ronaldo Faces $1 Billion Lawsuit Over Binance Endorsement
In a surprising turn of events, renowned football star Cristiano Ronaldo is facing a class-action lawsuit in the United States. The legal action stems from allegations that Ronaldo’s endorsement of cryptocurrency e…
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11 months, 1 week agoPaxos Receives Regulatory Approval to Expand Stablecoin Operations in Abu Dhabi
Paxos, a leading digital asset company, has received provisional approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This marks a significant milestone for Paxos as it allows them to…
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11 months, 1 week agoWormhole Secures $225M Funding, Launches Wormhole Labs for Cross-Chain Expansion
Wormhole, a company specializing in cross-chain expansion, has secured a record $225 million in funding. This significant milestone has propelled the company’s valuation to an impressive $2.5 billion. As a result o…
