The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region. Strengthening European Presence Nana Murugesan, Coinbase’s vice president of international and business development, revealed that the crypto company is targeting Italy, France, Spain, Switzerland, and the Netherlands to set...Read More
The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth nearly $2 billion in BTC. Fraudulent Scheme Raked in $1.7 Billion in Bitcoin According to a press release on Thursday (June 30, 2022), the CFTC...Read More
On June 30, European Union policymakers hammered out an agreement on what will become the first major regulatory framework for the cryptocurrency industry. The Markets in Crypto-Assets (MiCA) legislation will make things more challenging for crypto exchanges and stablecoin issuers operating in Europe. Under the new regulations, stablecoin issuers such as Tether and Circle will...Read More
The global investment manager VanEck seems quite determined to introduce a spot Bitcoin exchange-traded fund (ETF) in the United States. Despite its previous rejections, the company filed a new application with the SEC. VanEck Tries Again It has been evident that one of VanEck’s main goals is to list an ETF that tracks the performance...Read More
TL;DR: We’re providing developers with an open-source starter kit that can be used to kickstart dapp development for NFT minting sites. Happy building! By JM Cho, software engineer for Coinbase Wallet Last year, the NFT market experienced its best year yet — generating over $23 billion in trading volume with a floor market cap of...Read More
Quixotic – an NFT marketplace that runs on Optimism – revealed that wrongdoers breached its security and drained ERC-20 tokens. The organization assured that users with stolen assets will be reimbursed. The Latest Attack In a recent tweet, Quixotic disclosed that criminals attacked its “Offer” feature and stole ERC-20 tokens. The team advised its customers...Read More
The coming year will be critical for cryptocurrency, according to Charles Hoskinson, the developer of Cardano (ADA), as the government makes game-changing decisions for the sector. Hoskinson spoke to guests at the Cardano Community event how the cryptocurrency industry has substantially changed since the creation of Bitcoin (BTC). According to him, Bitcoin had no value...Read More
Tl;dr: As we continue to grow our presence in the UK and Europe, we have met with policymakers in the UK, established a regional Centre of Excellence in Ireland, strengthened operations in DACH with our first hire in Switzerland, and are expanding our footprint across additional European markets. By Nana Murugesan,VP Business Development and International...Read More
New reports claimed that Li Lin is aiming for an exit from the company he helped found years ago. The executive owns a majority stake at Huobi, with over 50%. The blockchain journalist Colin Wu took it to Twitter earlier today to inform that Lin has decided to liquidate his majority stake in the cryptocurrency...Read More
After a bearish week, the global cryptocurrency market continues to trade sideways today, sending Bitcoin below the $20k level and Ethereum below $1.1k. Stocks are having one of their worst years, with Tech Stocks showing significant bearish momentum in 2022. The good news is that the selloff has subsided this Friday as BTC remains above...Read More
Shortly after allegations arose that Coinbase had been selling sensitive user data to the Immigrations and Customs Enforcement, the exchange denied them, reassuring that it has always looked out for its users. Citing contract documents it had observed, The Intercept reported earlier this week that it had obtained proof that Coinbase is selling certain data...Read More
[PRESS RELEASE – ZUG, Switzerland – July 1, 2022] It has been a crazy week for DecentWorld. Within 2 days after the launch of the Secondary Market, users have already made millions from NFT trading, hitting unseen numbers of sales within such a short time-frame. A user under the name YB46 has just earned more...Read More
BlockchainCom, also a creditor of the crypto-focused hedge fund, reportedly admitted to cooperating with law enforcement agencies for investigations into Three Arrows Capital. Along with Deribit, both companies said they requested the recent liquidation of 3AC. CryptoPotato reported earlier this week the news that a court in the British Virgin Islands ordered Three Arrows Capital...Read More
The cryptocurrency platform Ledn reportedly displayed intentions to acquire a stake in BlockFi (a digital asset firm that provides crypto-backed loans). Previously, FTX also announced plans to buy the latter, offering just $25 million to close the deal. Ledn Joins the Race The cryptocurrency market crash has caused huge disruption to multiple firms part of...Read More
The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance....Read More
The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance....Read More
The government of El Salvador purchased 80 BTC amid the cryptocurrency market crash. The country spent over $1.5 million to acquire the assets. El Salvador made the headlines last year, becoming the first nation to make bitcoin legal tender inside its borders. Apart from its entrance into the ecosystem, the Central American country has also...Read More
The world’s largest cryptocurrency platform – Binance – struck a deal with the Securities and Exchange Regulator of Cambodia (SERC). The collaboration will aim to impose comprehensive rules on the domestic digital asset sector and support the endeavors of crypto firms. On another note, Binance teamed up with the TikTok celebrity Khaby Lame. The 22-year-old...Read More
The past year has seen Non Fungible Tokens, NFTs, grow from just a few mentions in the blockchain world to mainstream media. The concept of NFTs has brought about several changes and opportunities for the blockchain community. One of these is the artist industry. You might have heard cases whereby there are copyright issues or...Read More
