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 […]
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 […]
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 […]
The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. These regulations, known as the Distributed Ledger Technology (DLT) Foundations Regulations, are the first of their kind and are designed specifically for the operation of blockchain foundations, Web3 entities, decentralized autonomous organizations (DAOs), and traditional foundations expanding into DLT. The […]
The recent alleged scandal involving crypto exchange JPEX in Hong Kong has not deterred the government from pursuing its Web3 vision for the region. Despite the financial scandal and allegations of fraud, the government remains determined to grow the Web3 market. Hong Kong plans to tighten its crypto regulations in response to JPEX’s actions, with […]
The trial of Sam Bankman-Fried (SBF) reached a critical point as both the prosecution and defense presented their closing arguments to the jury. The prosecution portrayed SBF as a serial liar motivated by greed, accusing him of knowingly misappropriating billions in customer deposits. They emphasized the weight of the evidence presented throughout the trial and […]
Turkey is set to introduce stringent laws governing crypto-assets as part of its efforts to strengthen financial regulations and address concerns raised by the Financial Action Task Force (FATF). The country aims to be removed from the FATF’s ‘grey list’ of nations with inadequate measures against money laundering and terrorist financing. Finance Minister Mehmet Simsek […]
