In 2022, Kazakhstan’s law enforcement toward the crypto sector took a huge turn. The former haven for crypto miners became a nightmare as the country imposed heavy sanctions on crypto miners. However, the latest report reveals that the country has given Binance approval to operate in the region. Binance announced that it had received in-principle […]
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On July 29th, FZE, the sister company of crypto platform FTX, received the first MVP (Minimal Viable Product) license to operate in Dubai. This would give FZE permission to operate fully in the country. FZE Receives MVP License To Operate Fully The MVP license was issued by the country’s regulator, the VARA (Virtual Asset Regulatory […]
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Crypto exchange platform FTX.US has added numerous stocks to its platform. This aims to expand its services to include mainstream assets apart from virtual currencies. Meanwhile, FTX has been in the news lately, rescuing falling crypto firms. The platform even offered to help Voyager Digitals with withdrawals. FTX.US Now Offers Stock Trading For US Users […]
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The SMBC (Sumitomo Mitsui Banking Corporation) ‘s second largest bank in Japan, has revealed plans to expand in the digital asset sector. As per reports, the bank will devolve into the world of Web3 and NFTs. Additionally, the bank will collaborate with the Hashport group. This group offers listing and tokenization services in Japan. With […]
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Bankrupt cryptocurrency platform Voyager Digital is working on resuming withdrawals on its platform. According to the firm, it has sent permission to the court to allow users to withdraw their balance. Meanwhile, FTX exchange has offered to help the platform with the withdrawal process. FTX offers to allow the customers of Voyager to withdraw using […]
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According to a leaked email from Coinbase, the platform will halt its affiliate initiative in the United States on July 19th. The leaked emails highlighted two reasons for the suspension. They include the state of the crypto market and expectations for the remaining months of 2022. Meanwhile, Coinbase said its affiliate program might return in […]
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According to reports, the Shiba Inu ecosystem is working on launching a stablecoin, collectible card game, and rewards token. In a blog post, the head developer of the meme currency, Shytoshi Kusama, highlighted the new initiatives. The Shiba Inu network will soon include a new collectible card game. This game card is intended for its […]
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With the latest verdict from the BIS (Bank for International Settlements), banks can now store 1% of their reserves as cryptocurrencies. Before now, the BIS has maintained a skeptical approach toward digital currencies. The recent market crisis and issue with the Terra ecosystem have only made things worse. However, it appears things have changed, and […]
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Recent announcements indicate Citi will partner with METACO on a new custodian project. Citi announced on June 22nd that it ant to test run its crypto custodian capabilities. With this partnership, both firms will combine their technological platforms. METACO will provide its digital and technology solutions. Then Citi would use its wide custody network. The […]
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According to reports, major crypto trading platform, Huobi has secured more operating licenses. The crypto firm has now expanded to Dubai and New Zealand. On June 17th, Huobi Group obtained an Innovation License to operate in Dubai. This was after registering with the Dubai International Financial Centre (DIFC). Lily Zhang, the Chief Financial officer of […]
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In recent months, instability has plagued the crypto sector. Digital currencies continue to rise and fall, causing panic across the crypto community. Last week, it appeared the crypto market had regained stability. Several analysts believed the crypto market was gearing up for a bullish movement. Unfortunately, that is far from the truth. Today, June 13th, […]
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The EU’s latest decision to restrict the usage of non hosted wallets appears to be taking effect. A state in Europe has taken the first step to outlaw non hosted crypto wallets. Lithuania Moves To Ban Anonymous Crypto Wallets The government of Lithuania has taken steps to tighten its crypto regulations. The government made a […]
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At the start of June, the crypto market was bullish. Unfortunately, as of the 2nd of June, prices have dropped. Solana is not left out. Last week, the altcoin was down due to an outage in the blockchain. Consequently, this affected its trading price. The currency received much attention on the 27th of May after […]
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Brazilian National Congress is considering a proposed law which is on the subject of crypto and intends to collect revenues in the form of “taxes” against crypto transactions, however, the law has become a hot debate because it provides for a certain timeframe within which the legislation will automatically start imposing taxes upon crypto, subject […]
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While the Securities & Exchange Commission (SEC) of Thailand wants to amend certain laws for ensuring “investors’ protection”, there is a chance that during the process, crypto custodians would witness a ban debarring them to further sublet the investors’ assets for monetary gains. SEC, for this very purpose, has engaged with the public in a […]
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One of the largest banking groups in South Korea namely Woori Financial Group has decided that it will start offering crypto custodial services to interested customers. For the purposes of ensuring crypto custodial services, Woori has become partners with Coinplug – a renowned blockchain company of South Korea. With Woori joining the crypto space, there […]
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The cryptocurrency space continues to get the attention of many outside the space as its popularity continues to increase. Many technology companies, financial firms, and investment outfits continue to flirt around the space in a bid to get involved in the booming market. However, payment giants- PayPal is one of the few outsiders who have […]
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A new report by Messari has shown that San Francisco-based crypto exchange, Coinbase is now one of the heavyweights of the crypto market after its recent findings. The analysis platform in question, Messari, is regarded as one of the most accurate in the world churning out up-to-date statistics after firms’ statistics. In this new report, […]
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The well-known exchange revealed that it needs more money to start its expansion plans. The expansion plan would help more customers globally get access to the exchange’s services and promote digital asset usage. The use of digital assets is growing at a phenomenal rate, as countries that had not been previously exposed to the blockchain […]
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The cryptocurrency space boom has continued to lead many crypto servicing firms into several innovations and product offerings as the market continues to get more popular in public. However, many traditional banks and financial institutions are also not left out, as they have also started to introduce cryptocurrency-tailored services to their offerings. Most of the […]
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