Kasikornbank Introduces Thailand’s First Licensed Digital Asset Custodian
Thailand’s Kasikornbank (KBank), the second-largest bank in the country by assets, has announced the launch of orbix Custodian, marking the establishment of Thailand’s first licensed digital asset custodian. The orbix…
Bitcoin Dips While Gold Surges as Israel Promises Retaliation Against Iran
As tensions escalate in the Middle East, commodities such as gold and crude oil have seen a significant uptick, while Bitcoin has moved in the opposite direction. This divergence has…
Hashdex Submits Amended S-1 Filing for Nasdaq Crypto Index US ETF
Asset manager Hashdex has recently submitted an amended registration filing for its proposed exchange-traded fund (ETF), which aims to create a comprehensive cryptocurrency portfolio. This submission, disclosed in a regulatory…
UK Crypto ATM Operator Admits Guilt to Fraud and Money Laundering Charges
The owner of a cryptocurrency ATM network in the United Kingdom has pleaded guilty to multiple charges related to the illegal operation of his business, including fraud and money laundering.…
NFT Sales Hit Lowest Monthly Volume Since 2021
Non-fungible token (NFT) sales continued to decline in September, as the monthly sales volumes for digital collectibles failed to rebound. This trend marks a concerning phase for the NFT market,…
Taiwan Expands Digital Asset ETF Access for Professional Investors
Taiwan’s Financial Supervisory Commission (FSC) has made a significant move by officially allowing professional investors to participate in “foreign virtual asset” exchange-traded funds (ETFs). This announcement, made on September 30,…
FTX Token Surges 70% Amid Anticipation of Bankruptcy Payouts
The native cryptocurrency of the now-defunct crypto exchange FTX, FTT, experienced a significant rise, jumping over 70% to hit a multi-month high. This surge occurred on September 29, pushing the…
Crypto Founders Increasingly Turn to Geofencing Amid U.S. Regulatory Uncertainty
In the face of growing regulatory uncertainty in the United States, cryptocurrency founders are increasingly considering geofencing as an “extreme solution” to navigate compliance challenges. Geofencing, which involves blocking users…
Gemini to Shut Down All Customer Accounts in Canada
The cryptocurrency exchange Gemini, co-founded by the Winklevoss twins, has announced plans to close all customer accounts in Canada by the end of 2024. In an email sent to Canadian…
Ohio Considers Accepting Cryptocurrency for Tax Payments and Fees
An Ohio state senator has proposed a bill that would mandate the state to accept cryptocurrency as a form of payment for state taxes and fees. The legislation, introduced by…
Matrixport Enhances European Presence with Swiss Asset Manager Acquisition
Matrixport, a leading cryptocurrency financial services platform based in Singapore, has announced the successful acquisition of Swiss crypto asset manager, Crypto Finance Asset Management (CFAM). This strategic move, finalized on…
FTX Distribution Payments Will Not Begin on September 30
Rumors have been circulating on social media suggesting that the FTX bankruptcy estate will commence distributing reimbursement funds to creditors and customers on September 30. However, these claims have been…
US Election Outcome Will Not Deter Q4 Bitcoin Rally, Says Hedge Fund
Bitcoin’s price is poised for a positive trajectory regardless of the outcome of the upcoming United States presidential election, according to CK Zheng, the chief investment officer of ZX Squared…
Bitcoin All-Time High Unlikely If Social Sentiment Remains Overly Optimistic
Bitcoin may not reach a new all-time high in the near future, as the sentiment in the crypto market is currently at its highest level in months, according to analysis…
Vitalik Buterin Proposes Metrics to Measure ‘Ethereum Alignment’
Ethereum co-founder Vitalik Buterin has put forth a proposal to develop a set of metrics aimed at assessing how “aligned” various projects are with the core values of Ethereum. In…
Crypto Wallet Drainer Found on Google Play for Months, Resulting in $70K Theft
IT security firm Check Point Research has revealed the existence of a crypto wallet drainer that employed “advanced evasion techniques” to operate undetected on the Google Play Store, resulting in…
CryptoQuant CEO Advocates for ‘Smart Regulation’ Amid Community Skepticism
Ki Young Ju, the CEO of CryptoQuant, has emphasized the necessity of regulation as a crucial element for the long-term growth and sustainability of Web3 and cryptocurrency. In a post…
Dutch Regulator Issues Warning on Cryptocurrency Pump-and-Dump Risks Ahead of MiCA Regulation
The Dutch Authority for the Financial Markets (AFM) has issued a warning regarding the risks associated with cryptocurrency pump-and-dump schemes as new regulations loom on the horizon. With the implementation…
Former Chinese Finance Minister Calls for In-Depth Analysis of Cryptocurrency Following US Bitcoin ETF Developments
During a recent address at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the necessity for China to critically assess the evolving…
Mark Cuban Eyes SEC Leadership Role in Potential Harris Administration
Billionaire entrepreneur Mark Cuban has expressed interest in leading the United States Securities and Exchange Commission (SEC) or possibly the Department of Health and Human Services (HHS) should Kamala Harris…