The cryptocurrency exchange JPEX is facing further developments in its ongoing saga. Taiwan prosecutors have reportedly identified new alleged suspects in the case. The Taipei District Prosecutors Office (TDPO) has requested the custody of Chang Tung-ying, the chief partner at JPEX’s Taiwan office, over allegations of fraud. The authorities have also summoned three other individuals, […]
SEC Chair Gary Gensler’s recent comments have sparked a surge in the value of FTT tokens. Gensler hinted that FTX, which had previously faced bankruptcy, could potentially make a comeback if it adheres strictly to the law. This news has caused FTT tokens to rally by an impressive 90%. Investors are optimistic about the potential […]
The Turkish Finance Minister has introduced a draft law for the regulation of cryptocurrencies, aiming to bring “legal certainty” and impose “strict requirements.” This move comes after Turkey was placed on the gray list by the Financial Action Task Force (FATF) for not being vigilant enough against money laundering. Turkey’s Finance Minister claims that they […]
SEC Chair Gary Gensler has expressed openness to a potential reboot of the bankrupt cryptocurrency exchange FTX, as long as the new leadership operates within the boundaries of the law. Gensler emphasized the importance of building investor trust, proper disclosures, and avoiding conflicts of interest. Tom Farley, former president of the New York Stock Exchange […]
Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a hack, resulting in a loss of $2.4 million. The breach is believed to be a result of a compromised private key on one of CoinSpot’s hot wallets. Blockchain analyst ZachXBT identified two transactions entering the hacker’s wallet, which were then transferred to the Bitcoin network […]
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 […]
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 […]
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 […]
Binance, a leading cryptocurrency exchange, has recently launched a new self-custody Web3 wallet. This wallet allows users to easily interact with the decentralized finance (DeFi) ecosystem. To create a wallet, users are required to use the Binance app, which also serves as a platform for various activities such as staking, lending, and borrowing. One notable […]
