Taiwan’s Financial Supervisory Commission (FSC) has released new guidelines for virtual asset service providers (VASPs) in the country. The guidelines, published on Tuesday, September 26, 2023, include exchange registration, segregation of customer funds and prohibition of certain products. Foreign exchanges must register before offering services to Taiwan customers. The FSC also requires information disclosures, such […]
JPMorgan CEO Jamie Dimon has warned that the global economy may not be ready to face the worst-case scenario of the U.S. interest rate rising as high as 7%, according to a Bloomberg report on Tuesday. Since March 2022, the Federal Reserve has increased the benchmark borrowing cost by 525 basis points to the 5.25%-5.5% […]
Gemini, a US-based crypto exchange, has announced plans to invest INR 200 crore ($24 million) in its India-based technology and crypto hub over the next two years. The exchange has already opened an office at the Cyber Hub at Campus Cyber Greens and has seen its employee count grow to over 70 people. The investment […]
Gemini, a US-based crypto exchange, has announced plans to invest INR 200 crore ($24 million) in its India-based technology and crypto hub over the next two years. The Gurgaon-based hub, which opened in May, currently employs over 70 people and is looking to hire more in compliance, software engineering and support.The investment will be used […]
CoinGecko has recently partnered with Dypius to lead innovations on the World of Dypians platform, a metaverse that acts as the gateway to the crypto universe. Players can explore infinite landscapes, crafting tools and armor to aid their adventures, and customize their own gears, tools, weapons, and skins. The CoinGecko Area is a highlight, boasting […]
Cardano has been struggling to regain its footing in the cryptosphere, especially amidst the market depreciation and proliferation of Layer-2 networks. Despite a 25% price nosedive, the Cardano ensemble has doubled down on enhancing the network’s attributes, readying for a prospective bull market rebound. Data from Santiment reveals a swell in the Cardano Development Activity […]
Binance Japan Inc. and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the possibility of issuing a stablecoin in Japan by the end of 2024. The stablecoin will be pegged to fiat currencies, including the Japanese Yen and other foreign currencies. Binance Japan recently acquired a 100% stake in Sakura Exchange BitCoin (SEBC), a […]
Taiwan’s crypto platforms have established an industrial association to represent the interests of the industry. The association includes nine crypto exchanges, P2P trading platforms, financial investment platforms, wallet hosting companies and other types of crypto businesses. The Financial Supervisory Commission of Taiwan has created a draft of ten guiding principles for the management of virtual […]
Binance, the world’s largest crypto exchange, is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan. The two companies plan to use a platform called “Progmat Coin” to issue yen and other fiat stablecoins in accordance with Japan’s recently revised and enforced […]
Just days before Sam Bankman-Fried’s trial in the US, British broadcaster BBC is airing an investigative piece on the disgraced “crypto king”. The documentary, titled “Downfall of the Crypto King”, will air on BBC’s Panorama for eleven months. It will focus on the rise and fall of Bankman-Fried, who was the CEO of FTX, the […]
