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Binance receives licenses to offer crypto services in El Salvador
8.8.2023
The exchange reported receiving approval for Bitcoin Services Provider and Digital Assets Services Provider licenses in El Salvador, where Bitcoin has been legal tender since 2021
Binance Receives License to Offer Bitcoin, Digital Asset Services in El Salvador
8.8.2023
The crypto exchange said it now holds licenses to operate in 18 countries
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
8.8.2023
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of...
Elon Musk rebrands Twitter Blue subscription services to X Premium
7.8.2023
The Blue subscription was launched as a way for users to buy the blue checkmark for their profile but later evolved to share ad revenue as well
Worldcoin Confirms Kenya ID Verification Pause
5.8.2023
The CEO of Worldcoin’s founding entity confirmed on Aug. 2 that his organization has paused “World ID verifications in Kenya” and will attempt to address concerns raised by authorities. Kenya’s ICT Minister Eliud Owalo has said Worldcoin’s verification services were...
Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority
4.8.2023
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights Back Against SEC’s Crypto Exchange Lawsuit In...
Biggest Movers: SHIB 5% Higher as Meme Coin Nears Key Resistance Level
4.8.2023
Shiba inu was one of Friday’s biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its Flexible and VIP Loan services. Solana was another...
Digital Bank Revolut to Suspend Crypto Services For US Customers Citing Regulatory Uncertainty
4.8.2023
Crypto-friendly British neobank Revolut has announced plans to halt its crypto services for US customers.
The digital bank cited the market uncertainty and changes to the local regulatory landscape in the country for suspending crypto services.
The England-based fintech firm will suspend...
Revolut to suspend cryptocurrency services in US
4.8.2023
Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said
Rollman Management: Unlocking Crypto Success with Exclusive Insights from Rollman Capital, Rollman Mining, and a Network of 500+ Industry Experts
3.8.2023
PRESS RELEASE. Tallinn, Estonia, August 3, 2023 – Rollman Management, a trailblazing company renowned for its exclusive crypto insight, portfolio diversification, private crypto sales, education, and more, is excited to announce its expansion of services to empower retail and institutional...
KuCoin Crypto Exchange Ceases Bitcoin and Litecoin Mining Pool Services – What's Going On?
3.8.2023
Cryptocurrency exchange KuCoin has announced that it will be temporarily suspending its Bitcoin (BTC) and Litecoin (LTC) mining pools until further notice.
In a Wednesday blog post, KuCoin said the decision will be effective starting from August 15.
The exchange said the move is part of...
Crypto Platform HashKey Becomes First Licensed Exchange in Hong Kong to Offer Retail Services
3.8.2023
Crypto exchange HashKey has become the first digital asset entity to receive a license under Hong Kong’s new crypto licensing regime.
HashKey Exchange, a subsidiary of HashKey group, announced Thursday that it had obtained the upgrade of Type 1 and Type 7 licenses, allowing the platform to “expand...
Tel Aviv Stock Exchange to offer crypto services via Fireblocks pact
3.8.2023
Israel’s only public stock exchange is preparing to offer new regulated cryptocurrency services through another partnership with Fireblocks
KPMG Study Highlights Bitcoin Mining’s Potential to Shrink Carbon Footprints
3.8.2023
In a fresh analysis focusing on Bitcoin and its alignment with environmental, social, and governance (ESG) principles, the ‘Big Four’ accounting titan KPMG delves into the digital currency’s promising contributions to this movement. The professional services entity highlights...
Binance Obtains Dubai License to Provide Crypto Exchange Services
2.8.2023
The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and qualified retail investors. Dubai Virtual Assets...
Tether Attestation Reveals Reserve Increase of $850 Million in Q2, Excess Reserves Reach $3.3 Billion
1.8.2023
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with...
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
1.8.2023
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law
Binance Japan begins launching trading services for residents
1.8.2023
The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
4 Crypto Bills Pass US House Committee
1.8.2023
The U.S. House Financial Services Committee has passed four crypto bills. “Congress is asserting its authority to design a regulatory framework, rather than allowing overzealous federal agencies to fill the gap with enforcement actions,” said the CEO of Blockchain Association. US House Committee...