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Singapore-based Liminal has taken an important step towards becoming a global player in the field of digital asset custody services. The company has made a strong entry into the Middle East market by being certified as a regulated custodian in Abu Dhabi. This move is part of Liminal's expansion strategy in the Asia Pacific (APAC) and Middle East and North Africa (MENA) regions.
May 14, 2024Japanese investment and advisory company Metaplanet announced that it has adopted Bitcoin (BTC) as a strategic treasury reserve asset as the country faces a high debt burden and a volatile national currency, the yen. This move, in addition to improving Bitcoin's reputation, also brings to the fore the challenges facing the Japanese economy.
May 13, 2024The Public Security Bureau of Panshi City, Jilin Province, raided an illegal underground banking and virtual currency operation worth approximately US$300 million.
May 13, 2024Vladimir Putin won his fifth term as Russia's president, but his landslide 87% election victory was labeled a predetermined, staged farce.
May 10, 2024Former US President Donald Trump offered a few memorable quotes while hosting a group of non-fungible token (NFT) fans at his home in Florida on Wednesday (May 8). Trump has vowed to keep crypto entrepreneurs in the US, as well as claiming that he contributed to NFTs being “trending” again, thanks in part to his own large collection. He even made a reference to memecoin, which was inspired by a rival politician, causing its price to rise.
May 9, 2024Cryptocurrency wallet company Exodus Movement was forced to postpone its highly anticipated IPO on NYSE American, the sister market of the New York Stock Exchange (NYSE). The company's statement on Wednesday, May 8, caused confusion and question marks in the investor community. Its planned Thursday IPO will not take place and Exodus shares will continue to trade on the Over-the-Counter (OTC) market for now.
May 9, 2024Two suspects who defrauded investors with a fake cryptocurrency exchange were arrested! Authorities say James Heppel, from Wiltshire, and Jake Lee, from Bath, used a copy of Blockchain.com to empty their crypto wallets. A confiscation order of £1 million was also issued in the fraud, which victimized 55 people from 26 countries.
May 8, 2024The global cryptocurrency market is once again facing regulatory and oversight issues. The latest example of these problems is the tension between Nigeria and the cryptocurrency exchange Binance. Allegations that Nadeem Anjarwalla, one of Binance's senior executives, who was detained by Nigeria in February, escaped from interrogation and took refuge in Kenya, started a new debate in the cryptocurrency world. While Nigerian authorities are making attempts to extradite Anjarwalla, this incident also brings to the fore the need for supervision of the activities of cryptocurrency exchanges and international cooperation.
May 8, 2024The cryptocurrency market in Nigeria has recently become the scene of a complex game between both crypto exchanges and the central bank. In the last act of this play, there was a directive that caused confusion.
May 8, 2024In a third-party class-action lawsuit, three prominent American athletes have agreed to pay a total of $2.42 million to settle charges against them for their help promoting failed cryptocurrency exchange Voyager Digital. This agreement reveals the difficult situation of athletes and the cryptocurrency exchange.
May 8, 2024Bankrupt cryptocurrency exchange FTX proposed a new organizational plan. Under this plan, 98% of creditors will receive their money back within 60 days of court approval, with an additional 118% in cash. That's how the plan works, according to new documents filed Tuesday evening.
May 8, 2024Binance CEO Richard Teng has called on the Nigerian government to release Tigran Gambaryan, head of the crypto exchange's Financial Crime Compliance team. Gambaryan traveled to the country in February for regulatory oversight talks.
May 8, 2024US online investment platform Robinhood may face the Securities and Exchange Commission (SEC) over its cryptocurrency transactions. Robinhood announced Monday that the SEC sent it a warning that criminal charges may be filed after an investigation is completed. This development adds a new dimension to the regulatory debate in the cryptocurrency market.
May 7, 2024Popular investment platform Robinhood is facing an increasingly common problem for companies operating in the cryptocurrency industry: a regulatory battle with the Securities and Exchange Commission (SEC). On May 4, Robinhood received a “Wells Notice” from the SEC. This highlights the ongoing uncertainty surrounding the classification and regulation of cryptocurrencies as securities.
May 6, 2024Regulations regarding cryptocurrencies and blockchain technology in Australia have recently reached a significant milestone. The Federal Court of Australia made an interesting decision regarding the entire structure of the cryptocurrency Qoin in the case filed by the country's market regulator ASIC against BPS Financial Pty Ltd (BPS). The decision is of great concern to those who follow both the cryptocurrency market and the future regulation of blockchain technology.
May 6, 2024With the rise of cryptocurrencies, digital assets called “stablecoins” with values pegged to traditional currencies are attracting increasing attention. Stablecoins are seen as a safer investment tool for investors concerned about the price volatility of cryptocurrencies. But a new study reveals that the stablecoin market may have less actual user activity than expected. This may pose an obstacle to the widespread adoption of stablecoins.
May 6, 2024Bitwise CIO Matt Hougan said Congress could pass a comprehensive stablecoin law this year. If so, Hougan said the "breakthrough of stablecoins into the mainstream" could be bigger than the launch of U.S. spot Bitcoin ETFs.
Apr 30, 2024Keonne Rodriguez, co-founder of privacy-focused Bitcoin wallet Samourai Wallet, is fighting accusations against the company in a Manhattan courtroom this week. Rodriguez denies allegations of money laundering and money laundering conspiracy and was released on $1 million bail.
Apr 30, 2024