New York Attorney General Letitia James has reached a $22 million settlement with KuCoin, one of the world’s largest cryptocurrency exchanges. The agreement resolves a lawsuit that accused KuCoin of operating without proper registration as a securities and commodities broker-dealer, in violation of state laws.As part of the settlement, KuCoin will refund over $16.7 million […]
US-based cryptocurrency exchange Coinbase has announced plans to expand its international exchange by offering spot trading. The move is in response to hesitancy among some users to trade on US venues due to regulatory uncertainty. The launch will initially allow institutional investors outside the US to trade Bitcoin and Ethereum spot pairs via API access. […]
The Philippines Securities and Exchange Commission (PSEC) is taking steps to block and ban Binance, a cryptocurrency exchange, within three months. The commission issued an advisory warning users about Binance’s status as an unregistered exchange and stated that it is not authorized to sell or offer securities in the country. Binance has not registered as […]
Valkyrie Investments has filed an amended Form S-1 with the Securities and Exchange Commission (SEC) for its Valkyrie Bitcoin Fund. The filing includes enhanced custody and valuation rules for the cryptocurrency investment vehicle, as it awaits regulatory approval to trade on Nasdaq.The amended filing updates the index used to value the fund’s Bitcoin from Lukka […]
Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced a new project called “Project Diamond” aimed at institutional investors in the crypto industry. The project is a smart contract-powered platform that will allow institutions to create, buy, and sell digitally native assets. The goal of Project Diamond is to bridge the […]
The Philippines Securities and Exchange Commission (PSEC) is taking steps to block and ban Binance, a cryptocurrency exchange, within three months. The commission issued an advisory warning users about Binance’s status as an unregistered exchange and stated that it is not authorized to sell or offer securities in the country. Binance has not registered as […]
A former top manager of Credit Suisse and Bitcoin Suisse has launched a new cryptocurrency trading platform called Rulematch, with the support of Luzerner Kantonalbank. The Zurich-based startup is exclusively targeting institutional investors and has already begun trading Bitcoin and Ether. The platform currently has seven banks and securities firms as its initial participants, including […]
CoinW, the world’s pioneering cryptocurrency exchange, has recently strengthened its presence in the Middle East and North Africa (MENA) region. The company participated in two industry events, the DATE Fintech Show in Saudi Arabia and the Global Blockchain Congress in Dubai, UAE, as part of its strategic move to expand globally into MENA.During the Global […]
The head of the Philippine Securities and Exchange Commission, Kelvin Lee, has clarified that the ban on cryptocurrency exchange Binance will come into effect three months after the advisory was issued. The advisory was issued on November 28, stating that Binance was operating without a license. Lee addressed the confusion surrounding the ban and explained […]
Gemini Earn users may only receive 61% of their crypto investments, according to a reorganization plan from Genesis, a defunct crypto lender. The plan has caused outrage among users, with some calling it “brutal.” The complexity of the 374-page document has also been criticized, as many users may require assistance to understand it. The promised […]
