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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...

FTX Linked Wallets Shift $13.5M SOL as Solana Rally Takes a Breather

14.11.2023
SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency

XRP Futures Traders Nurse $7M Loss as BlackRock ETF Rumor Causes Wild Price Swings

14.11.2023
Prices jumped to 73 cents from 65 cents in a 25-minute period following a viral tweet that suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S

Fnality Receives $95 Million Investment Led by Goldman Sachs, BNP Paribas

14.11.2023
Fnality International, a company specializing in tokenized cash solutions on blockchain, has secured a substantial investment of $95.2 million, according to Bloomberg. The funding round was spearheaded by prominent financial institutions Goldman Sachs and BNP Paribas. Fnality’s Growth Journey...

Court Issues Protective Order Governing Disclosure of Material in SEC-Binance Lawsuit

14.11.2023
Source: Pixabay US Court has approved a protective order that will govern the production, use, and disclosure of all information and materials produced by any party in the ongoing SEC’s lawsuit against Binance entities and CEO Changpeng Zhao. Earlier, the US SEC and Binance had jointly moved...

Crypto.com Wins Digital Asset License in Dubai

14.11.2023
Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai

Swan Bitcoin to Terminate Accounts Interacting With Bitcoin Mixing Services

14.11.2023
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the Financial Crimes Enforcement Network (FinCEN) presented...

Hong Kong-Listed Boyaa Interactive Seeks Shareholder Approval for $100 Million Crypto Investment

14.11.2023
Source: Pixabay Hong Kong-based E-gaming giant Boyaa Interactive International Limited is seeking shareholder’s approval for purchasing $100 million worth of crypto in the next 12 months. According to an announcement from the Hong Kong Stock Exchange, the board of directors of Boyaa Interactive,...

South Korean High Court Sentences Crypto Scammer to 9 Years in Jail

14.11.2023
Source: kwanchaift/Adobe A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years. Per Seoul Kyungjae, the case was heard at the Busan High Court (Ulsan Tribunal) on November 12. The scammer, unnamed...

XRP Price Briefly Rallies After Fake BlackRock ETF Filing

14.11.2023
Source: Adobe XRP price witnessed a brief surge in its price following a fake business registration for a BlackRock XRP trust. The deceptive filing, still accessible on Delaware’s Division of Corporations website, mimics legitimate registrations made by the renowned asset management giant....

CVM Chief: Brazilian CBDC Drex to ‘Kill’ Many Cryptocurrencies

14.11.2023
João Pedro Nascimento, president of the Brazilian Securities and Exchange Commission (CVM), believes that drex, the Brazilian central bank digital currency (CBDC), will “kill” many cryptocurrencies. While established cryptocurrencies like bitcoin and ethereum will keep being used in...

Russian Banks ‘Fighting Back’ Against Digital Ruble – Report

14.11.2023
Source: pisotckii/Adobe Russian banks are reportedly “fighting back” against the digital ruble amid claims a CBDC launch would cost them $684 million a year. Per a report from Comnews, even the Central Bank’s commercial bank partners are “looking for ways” to “avoid” dealing with the coin...

Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs

14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...

Tokenized Cash Fintech Fnality Raises $95M Led by Goldman and BNP Paribas

14.11.2023
DTCC, Euroclear, Nomura and WisdomTree also participated in the Series B funding round

Former Polygon Labs President Joins Rival Solution Optimism as Growth Chief

14.11.2023
Ryan Wyatt Source: LinkedIn Renowned Ethereum Layer 2 scaling protocol Optimism has snagged Ryan Wyatt, the former president of Polygon Labs, as its Chief Growth Officer. Let's keep it short & sweet My next chapter begins today as Chief Growth Officercontributing to the Optimism Collective!...

Lloyds Bank: UK Sees 23% Increase in Cryptocurrency Scam Reports

14.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank, a big four bank in the United Kingdom, reports that crypto scams have risen 23% compared to the same period last year. The firm warned that fraudsters are targeting young people over social media, with victims losing an average of £10,741 ($13,183.72)...