EU Regulator Flags Risks with Offshore Crypto Operations Under MiCA Regulation
The European Securities and Markets Authority (ESMA), the key regulator for the EU’s financial markets, has recently issued a detailed Opinion to highlight the risks associated with global crypto firms…
Hong Kong’s Largest Online Broker Launches Bitcoin and Ether Trading for 22 Million Users
Futu Securities International, Hong Kong’s largest online brokerage, has expanded its offerings by launching cryptocurrency trading for its 22 million customers. As of July 23, users based in Hong Kong…
South Korean Crypto Exchanges Face Unexpected Supervisory Fees
In a notable shift for South Korea‘s cryptocurrency industry, major cryptocurrency exchanges such as Upbit, Bithumb, and Coinone will now be subject to supervisory fees under the newly implemented Virtual…
Telegram Launches In-App Browser Supporting Decentralized Websites
On July 31, Telegram, the popular crypto-friendly social messaging platform, unveiled a new in-app browser that supports decentralized websites. Known as “TON Sites,” these sites are now accessible to users…
Bybit Unveils Indian Digital Rupee CBDC Payment Option
Cryptocurrency exchange Bybit has announced the integration of digital rupee payments into its platform. This development marks the inclusion of the Indian central bank digital currency (CBDC), aimed at enhancing…
Senator Lummis Introduces Bitcoin Strategic Reserve Bill in Senate
On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, a legislative proposal aimed at establishing a reserve fund for Bitcoin, a scarce decentralized asset. The bill…
Biden Adviser Involved in Crypto Discussions to Join Harris-Supporting Super PAC
Anita Dunn, a senior adviser to President Joe Biden, is reportedly on her way out of the White House to join a political action committee (PAC) that supports Vice President…
Wisconsin Introduces New Tracker to Combat Cryptocurrency Fraud and Investment Scams
The Wisconsin Department of Financial Institutions (DFI) has taken a significant step forward in the fight against financial fraud by launching a publicly accessible investment scam tracker. This innovative tool…
Crypto Scams Persist in China Despite Ban, Shaanxi Police Detain Four Suspects
Mainland China, recognized as one of the most stringent jurisdictions regarding cryptocurrency regulation, continues to grapple with investment scams despite a comprehensive ban on most crypto activities. This ongoing issue…
Coinbase Denies Allegations of Campaign Finance Law Violations
Coinbase, a leading cryptocurrency exchange, finds itself at the center of controversy concerning a significant political donation. The exchange’s Chief Legal Officer, Paul Grewal, has publicly refuted accusations that Coinbase…
Bybit Suspends Services in France Amid Regulatory Challenges
In a significant development on August 1, Bybit, a popular cryptocurrency exchange, announced its decision to suspend operations in France. This decision comes in response to recent actions and regulatory…
Casper Network Resumes Activity After Halting Due to Security Breach
The Casper Network has successfully resumed its operations following a temporary shutdown caused by a security breach. On July 31, at precisely 3:18 pm UTC, a significant step was taken…
Hashrate Recovery Eases Bitcoin Miners’ Selling Pressure in July
Bitcoin’s price rebound in July has brought some much-needed relief to miners, resulting in a noticeable increase in mining activity and a reduction in selling pressure. A report from CryptoQuant,…
Law Commission of England and Wales Suggests New Property Classification for Crypto Assets
The Law Commission of England and Wales, an independent entity responsible for reviewing and recommending reforms in the legal sphere, has made a significant proposal regarding the classification of crypto…
CeFi Entities Account for Over 70% of Crypto Hacking Losses, Reports Cyvers
In the rapidly evolving landscape of cryptocurrency, centralized finance (CeFi) entities have emerged as the primary victims of hacking incidents in 2024. Deddy Lavid, co-founder and CEO of Web3 security…
Bank of England to Conduct Trials with Wholesale Central Bank Digital Currency and Synchronization Techniques
The Bank of England (BoE) has announced plans to launch an experimental program that integrates its Real-Time Gross Settlement (RTGS) system with a wholesale central bank digital currency (wCBDC). This…
Research Suggests Bots are Behind Solana’s Surge Ahead of Ethereum
This week, Solana has surpassed Ethereum in various performance metrics, yet a new research article raises concerns about the authenticity of this activity. According to a study by the pseudonymous…
Tether Achieves Record $5.2 Billion Profit in first half of 2024
On July 31, Tether, the issuer of the dollar-pegged USDT stablecoin, unveiled its impressive financial performance for the first half of 2024. The company reported a record-breaking profit of $5.2…
Binance Labs Funds Liquid Staking Platform aPriori
Binance’s venture capital arm has recently expanded its investment portfolio by funding aPriori, a promising liquid staking protocol operating on the Monad network. This investment, announced on July 30, highlights…
Trust Wallet Collaborates with TON to Enhance Blockchain Utilization
Trust Wallet, a prominent self-custody Web3 wallet provider, has entered into a strategic partnership with The Open Network (TON) to accelerate the adoption of blockchain technology. This collaboration is set…