Search
House Financial Services Subcommittee on Digital Assets Tackles Hamas’ Illicit Cryptocurrency
15.11.2023
The House Financial Services Subcommittee on Digital Assets, Financial Technology & Inclusion convened the afternoon of Wednesday, November 15th, to discuss illicit activity in regards to cryptocurrency. Bad actors “We know that bad actors prey on vulnerabilities wherever they can find them,”...
Gaming Firm Boyaa Interactive to Add Bitcoin and Ether to Balance Sheet With $100M Investment
15.11.2023
Recently disclosed in a regulatory statement, Hong Kong-based Boyaa Interactive International Limited announced its plan to acquire cryptocurrency assets valued at up to $100 million. This publicly listed entity, known for developing and managing online card and board games through its various...
Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins
15.11.2023
Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%
Ledger and FVCKRENDER Launch Limited-Edition Nano X, More Collabs Coming
15.11.2023
Source: Ledger and FVCKRENDER Hardware wallet giant Ledger has joined hands with the popular tech-digital artist FVCKRENDER to launch a limited-edition bundle. The bundle, says the press release, “redefines the intersection of premium style and security in the realm of digital assets.” We made...
Tokenization Firm Superstate Gets $14M Investment to Bring Traditional Funds On-Chain
15.11.2023
The company has earmarked the funds for expansion, creating private funds for institutional investors and crafting a framework for tokenized public funds that U.S. clients can access
Poloniex to Resume Deposits and Withdrawal Services After $100 Million Exploit: Here’s More
15.11.2023
Source: Adobe Cryptocurrency exchange Poloniex has announced plans to resume operations after it suffered a major hack resulting in losses over $100 million. The exchange announced on Nov 15 that following restoration efforts after the hack, it will begin deposits and withdrawal services assuring...
Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M
15.11.2023
The Kinto network, built with the Optimism's OP Stack, features native know-your-customer (KYC) checks and investor accreditation mechanism to help onboard regulated financial institutions
UK Appoints Bim Afolami as Economic Secretary to Oversee Crypto Regulation
15.11.2023
Source: AdobeStock / Mary Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country. According to a recent announcement...
Crypto Custodian Hex Trust Secures Full Operating License in Dubai for Institutional Services
15.11.2023
Source: Pixabay Institutional-grade crypto custodian Hex Trust has successfully obtained a full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced today. This operating license represents the conclusive approval under VARA’s regulatory...
Crypto Regulation News Weekly Digest: Major Nations Commit to Crypto Tax Reporting Standard and EU Issues Draft Stablecoin Guidelines
14.11.2023
Nations and authorities advance crypto regulations across taxation, stablecoins, geo-blocking, and compliance this week. Image by motortion, Adobe Stock. Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe. Major nations made efforts towards...
9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options
14.11.2023
Source: AdobeStock / MarinadeArt France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country. In the survey released on Nov 13, digital assets...
South Korea’s Democratic Party Mandates Crypto Holdings Disclosure for Candidates in Upcoming Elections
14.11.2023
Source: Pixabay / habunman The Democratic Party of South Korea has instituted a new policy requiring preliminary candidates for the upcoming general elections to disclose their holdings in virtual assets, including cryptocurrencies, according to The Korea Economic Daily (Hankyung). This decision...
Crypto.com’s Dubai’s Subsidiary Secures License from VARA
14.11.2023
Source: Pixabay/Jan Vasek Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities. CRO DAX Middle East, the exchange’s Dubai arm, received the license from Dubai’s Virtual Assets Regulatory...
Tether Issued 4B USDT on Tron and Ethereum Networks: Report
13.11.2023
Source: Adobe/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month. Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT...
Spanish Regulators Crack Down on Crypto Ad Violations, Hint at Probing X
13.11.2023
Source: Pixabay Spain’s securities market regulatory body said it had begun investigating its inaugural case pertaining to a potential violation of regulations governing large-scale advertising campaigns for crypto assets. The National Securities Market Commission (CNMV) announced on Wednesday last...
U.S. Financial Services Committee to Discuss “Illicit Activity in Digital Assets” at Wednesday Hearing
13.11.2023
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory...
FTX Debtors’ Lawsuit Seeks Recovery of $935 Million ‘Fraudulently’ Transferred to Bybit’s Investment Arm and Others
13.11.2023
A new lawsuit filed by entities overseeing the FTX bankruptcy process seeks to recover $935 million that was reportedly transferred to Bybit’s investment arm and others just before the former’s Chapter 11 filing in November 2022. Bybit is also accused of using FTX assets held on...
9% of French Adults Now Invested in Crypto Assets, AMF Survey Reveals
13.11.2023
Amidst the global wave of new retail investment, France’s Autorité des Marchés Financiers (AMF) has observed a significant uptick in the number of individuals holding crypto assets. A study conducted by the AMF, supported by the Technical Support Instrument of the EU, reveals that as of 2023...
Bitcoin, Ethereum, and Crypto Google Searches Surge, Peaking in October Before Tapering Off
12.11.2023
Over the 90-day stretch from August 13 to November 11, 2023, bitcoin (BTC) along with a broad array of crypto assets have posted substantial increases. Data from Google Trends in this timeframe indicates a surge in searches for “bitcoin,” “crypto,”...
FTX Bankruptcy Team Sues Crypto Exchange Bybit for $1 Billion – What’s Going On?
12.11.2023
Source: Adobe / Ascannio FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies. The lawsuit aims to recover approximately $953 million worth of cash and digital assets that were withdrawn from Sam Bankman-Fried‘s...