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11 months, 3 weeks agoDubai Grants VASP License to CoinMENA, Boosting Crypto Services in the Region
Dubai-based cryptocurrency exchange CoinMENA has been awarded a virtual asset service provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows CoinMENA to operate and o…
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11 months, 3 weeks agoFormer Kraken MENA Chief Commercial Officer Reveals Diversified Strategies for High Yields on BTC and ETH
M2, a startup in the fintech and crypto industry, has achieved remarkable success in just over a year. Led by CEO Stefan Kimmel, who previously served as Chief Commercial Officer at Kraken MENA, the company has…
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11 months, 3 weeks agoKuCoin Settles with New York for $22 Million Over Illegal Operations and Misleading Investors
Cryptocurrency exchange KuCoin has reached a $22 million settlement with the state of New York following allegations of illegal operation and misleading investors. The settlement includes $16.7 million in refunds…
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11 months, 3 weeks agoOKX DEX Suffers $2.7 Million Hack Due to Leaked Private Key
The decentralized exchange (DEX) of cryptocurrency exchange OKX, known as OKX DEX, experienced a hack resulting in a loss of $2.7 million. The hack occurred after the private key of the proxy admin owner was…
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11 months, 3 weeks agoUBS Forms Elite Team to Handle Key Corporate Clients
The UBS has formed a new unit called the “Executive Client Group” consisting of nine bankers who will be responsible for managing the bank’s most important corporate clients worldwide and negotiating directly with…
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11 months, 3 weeks agoDWS, Galaxy Digital, and Flow Traders Collaborate to Launch Euro Stablecoin AllUnity
Deutsche Bank’s asset management arm, DWS, has announced a new partnership with Galaxy Digital and Flow Traders to launch a euro-denominated stablecoin called AllUnity. The stablecoin will be “fully col…
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11 months, 3 weeks agoEFG Expands Presence in Asia with Key Appointments
EFG, a Swiss bank, has made three new high-level appointments in Asia as part of its strategic efforts to expand its business in the Asia-Pacific region. The bank aims to strengthen its regional presence by hiring…
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11 months, 3 weeks agoCantor Fitzgerald CEO Howard Lutnick Praises Tether Stablecoin and Bitcoin, Highlights Potential Benefits for Currency-Collapsing Countries
Howard Lutnick, the CEO of Cantor Fitzgerald, has expressed his admiration for Tether, a stablecoin issuer, stating that he is a “big fan” of the company. Lutnick revealed that he holds Tether’s treasuries, which…
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11 months, 3 weeks agoKuCoin Settles Lawsuit with NYAG, Pays $22 Million and Ceases Trading Activities in New York
KuCoin, one of the leading cryptocurrency exchanges, has agreed to pay $22 million and halt trading activities in New York to settle a lawsuit brought against it by the state. As part of the settlement, KuCoin will…
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11 months, 3 weeks agoSEC Serves Lawsuit to HEX Founder Richard Heart at Helsinki Residence
The United States Securities and Exchange Commission (SEC) has served a lawsuit to HEX founder Richard Schueler, also known as Richard Heart, at his residence in Helsinki, Finland. The SEC alleges that Heart made…
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11 months, 3 weeks agoEl Salvador Approves Volcano Bitcoin Bonds to Fund Bitcoin City Construction
El Salvador has received regulatory approval for its Volcano Bitcoin bonds, which aim to raise $1 billion from investors. These bonds are supported by the country’s Bitcoin mining industry, which utilizes r…
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11 months, 3 weeks agoCoinbase Launches Project Diamond to Streamline Institutional Investment in Digital Assets
Coinbase and its asset management division, Coinbase Asset Management, have launched Project Diamond, a platform that enables institutional investors to create, buy, and sell digital assets. The platform, developed…
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11 months, 3 weeks agoEl Salvador to Issue Bitcoin Volcano Bonds in Q1 2024 for Green BTC Mining Operation
El Salvador is set to make history early next year by issuing its long-anticipated Bitcoin bonds. These bonds, first announced in 2021, will raise funds to establish the world’s largest green Bitcoin mining o…
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11 months, 3 weeks agoChainlink's Price Feeds Integrated into zkSync Era to Enhance Layer-2 Capabilities
Chainlink’s price feeds have been integrated into zkSync Era, a layer-2 network backed by Matter Labs. This integration was made possible through the Oracle blockchain’s SCALE program, which enables access to Cha…
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11 months, 3 weeks agoTwo Individuals Indicted for Operating $25 Million AI Crypto-Trading Ponzi Scheme
The U.S. Department of Justice (DOJ) has indicted two individuals for allegedly operating a $25 million artificial intelligence (AI) crypto-trading Ponzi scheme. Australian national David Gilbert Saffron and Los…
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11 months, 3 weeks agoTerraform Labs Co-Founder to Remain in Montenegrin Custody Until February
Terraform Labs co-founder Do Kwon is expected to be extradited to the United States to face criminal charges. He will remain in Montenegrin custody until February, as requested by authorities from the U.S. and…
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11 months, 3 weeks agoKuCoin Settles Lawsuit with NYAG, Pays $22 Million in Settlement
Cryptocurrency exchange KuCoin has agreed to pay $22 million to settle a lawsuit filed by the New York Attorney General (NYAG). The exchange was accused of operating in the state without proper registration. As…
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11 months, 3 weeks agoCrypto Tycoon Do Kwon's Custody Extended in Montenegro Amid Extradition Battle
Terraform Labs co-founder Do Kwon’s custody in Montenegro has reportedly been extended by two months, according to a spokesperson for the High Court. Kwon, along with Terraform Labs CFO Han Chang-joon, was a…
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11 months, 3 weeks agoCFTC Chair Urges Congress to Legitimize Cryptocurrency Industry
CFTC Chair Rostin Behnam has expressed his belief that the majority of cryptocurrencies should be classified as commodities under current laws. In a recent statement, Behnam emphasized the importance of…
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11 months, 3 weeks agoSwiss Digital Exchange Tokenizes Private Shares on Regulated Blockchain
The Swiss digital exchange SIX Digital Exchange has tokenized private shares of Aktionariat AG on its regulated blockchain-based central depository. According to a statement released on Tuesday, the Bern Cantonal…
