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Report: Kenyan Parliament Committee Approves Bill Proposing to Widen Definition of Securities to Include Crypto
6.12.2023
A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain from the sale of their...
Blackrock and Bitwise Update Their Spot Bitcoin ETF Filings Amid SEC Approval Hype
6.12.2023
Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications....
New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto
5.12.2023
In his first public interview since getting the job last month after founder Changpeng "CZ" Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that mistakes were made. But Teng, who...
Indian Government Reveals 28 Crypto Service Providers Are Registered With Financial Intelligence Unit
5.12.2023
The Indian government has revealed that 28 crypto service providers are currently registered with the country’s Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency...
Bitcoin Premium Soars in South Korea, Trading $1,500 Above Global Norm
5.12.2023
Based on recent data, the surge of bitcoin beyond the $41,000 mark has triggered a significant increase in trading activity originating from South Korea. Alongside this heightened volume, bitcoin is currently commanding a $1,500 premium on major South Korean cryptocurrency exchanges, including...
Kucoin Partners With the TON Foundation — Avails Grant to Support TON Ecosystem
5.12.2023
The investment arm of the crypto exchange Kucoin announced on Dec. 1 that it has joined forces with The Open Network Foundation and is set to provide a grant to support the blockchain’s ecosystem. The grant is set to be allocated to five “mini-apps” on the TON ecosystem focused...
Coinbase Report: Here’s How Stablecoins Are Revolutionizing the Financial System
5.12.2023
Source: AdobeStock / gguy Coinbase, one of the leading cryptocurrency exchanges based in the United States, has highlighted the importance of stablecoins in facilitating seamless transactions. In a recent blog post, the San Francisco-headquartered exchange noted that many Americans are frustrated...
South Korea’s Biggest Exchanges Help Regulators Hunt ‘Undeclared Crypto Operators’
5.12.2023
Source: Vladimir Polikarpov/Adobe South Korea’s five biggest crypto exchanges will team up with financial regulators to search for “undeclared crypto operators.” According to News1, the announcement was made by the Digital Asset Exchange Association (DAXA), which comprises the exchanges Upbit...
Crypto Exchange Listing and Delisting Announcements: December 4, 2023
4.12.2023
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study
4.12.2023
Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of...
Latam Insights: Colombian President Meets Blockchain Experts, Brazil Passes 15% Tax for Foreign Crypto Investments
4.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Colombian president met with a group of blockchain proponents, the Brazilian Senate passed a law taxing investments in foreign exchanges, and the Fintech...
Asset Managers Should Only Engage Staking Platforms With Strong Security — Andrew McFarlane
3.12.2023
Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is...
South African Crypto Exchanges Revix and Bitfund Merge With Austrian Digital Asset Platform
3.12.2023
Two South African crypto platforms and an Austria-based digital asset platform have joined forces to launch a new alternative investment platform called Altify. The goal of the new outfit is to enable South African investors, particularly the younger ones, to harness the power of alternative...
Crypto Firms’ Compliance With Regulation Should Not Be at the Expense of Innovation — Zak Taher
2.12.2023
Zak Taher, the CEO of Multibank.io, said he believes the United Arab Emirates (UAE) is the most attractive investment destination for overseas digital asset companies due to its effective governance and the leadership of its individuals. The UAE’s status within the global financial landscape...
Market Analysts Spot Potential in an Under-the-Radar Coin – Is It Undervalued?
1.12.2023
Launchpad XYZ crypto presale gains momentum as LPX token offers incentives for early adopters. Image by Kerem Goktug Kaya, DALL-E 3. Cryptocurrency exchanges have transformed over the years, evolving from basic exchange services to comprehensive financial ecosystems. This evolution reflects...
Grayscale Report Sheds Light on Bitcoin’s Broad Ownership and ‘Sticky Supply’ Dynamics
1.12.2023
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public...
Crypto Analysts are Stacking This Dark Horse AI Crypto Token Before it Lists on Exchanges – Here’s Why
30.11.2023
yPredict uses AI to provide crypto traders with predictive insights. Image by Kerem Goktug Kaya, DALL-E 3. Artificial intelligence has become integral across industries, transforming how businesses operate. The crypto sector is no exception, with AI powering innovation in trading strategies....
“MUNGER” Coin Rises 31000% After Charlie Munger’s Death, Crashes Within One Day
30.11.2023
Source: Pixabay A memecoin minted shortly after billionaire Charlie Munger’s death experienced a staggering surge of over 31000% on Wednesday, but lost more than 98% of its value the next day. As news broke of the Berkshire Hathaway vice chairman’s death, the MUNGER memecoin rose more than 31000%...
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
30.11.2023
The bill is awaiting presidential approval
Report: Operator of South Korean Crypto Exchange Upbit Sees a Nearly 40% Drop in Operating Profit
30.11.2023
Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator’s net profit for the period. Operating Profit...