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Binance Rolls Out Third-Party Banking Agreement to Reduce Counterparty Risk


Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday. Off-exchange collateral The agreement gives customers the option of keeping their collateral off-exchange with...

SEC Chair Gary Gensler Remains Tight-Lipped on Future of Spot Bitcoin ETFs


Source: Pixabay Securities and Exchange Commission Chair Gary Gensler said he would not “pre-judge” the future of spot Bitcoin ETFs when asked if the SEC would take any action soon regarding the matter. Speaking at a conference hosted by the Healthy Markets Association on Wednesday, Gensler...

U.S. Treasury Sanctions North Korean Government’s Crypto Mixer Sinbad


According to a statement released Wednesday, the U.S. Treasury Department has placed sanctions on the government of North Korea’s crypto mixer, Sinbad. “A key-money laundering tool” Sinbad serves as “a key money-laundering tool” for the state-sponsored North Korean cyber-hacking collective...

Aerodrome and Velodrome Suffer Front-End Security Breach


Source: Pixabay Decentralized crypto exchanges Velodrome and Aerodrome have warned users about a front-end security breach on their websites. In X posts published on Wednesday, Velodrome and Aerodrome warned users against interacting with their websites until further notice. “Our frontend...

Copper to Launch Abu Dhabi-based Digital Securities Brokerage


London-based crypto trading and custody firm Copper announced plans to launch a new brokerage platform for digital assets in Abu Dhabi as soon as early next year, the company announced on Wednesday.  Copper’s latest expansion News of the company’s expansion is part of their acquisition...

Paxos Receives Approval To Issue Stablecoins In Abu Dhabi 


Source: Pixabay Crypto firm Paxos has secured two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market. The company said in a press release published on Wednesday that the approvals would allow Paxos to issue stablecoins and provide cryptocurrency...

Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes


Image Source: Pixabay The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines.  In a Wednesday announcement, HM Revenue and Customs (HMRC) asked crypto users to make a “voluntary disclosure of any unpaid tax” relating...

Bitcoin Price Prediction: BTC Nears $38K, Bull Run & ETF Hopes Up


In the ever-volatile world of cryptocurrency, Bitcoin once again captures headlines with its price surging to $37,861, marking a robust 1.8% increase on Wednesday. Investors and traders alike are riding a wave of optimism as Bitcoin edges toward the $38,000 mark, fueled by expectations of a shift...

Kraken Co-founder Says Crypto “Feels More Fair” After CZ’s Guilty Plea 


Source: Pixabay “The crypto game feels a bit more fair today,” Kraken co-founder Jesse Powell said in an X post on Wednesday. In the wake of Binance co-founder Changpeng Zhao stepping down as CEO and pleading guilty to criminal charges of money laundering, Powell held nothing back in his assessment...

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