In a significant development, Binance, one of the world’s leading cryptocurrency exchanges, has confirmed the removal of its application from Apple’s App Store in India. This move comes amid growing regulatory concerns in the country.It has been revealed that Binance, along with other affected exchanges, failed to adhere to the appropriate regulatory framework in India. […]
The approval of spot Bitcoin ETFs by the SEC is anticipated by many experts, with the expectation that it could happen any day now. This follows the SEC’s final comments to applicants and the swift responses from asset managers. However, the impact of this approval on Bitcoin prices remains a topic of debate, with some […]
In a shocking turn of events, a hoax originating from the Securities and Exchange Commission’s (SEC) Twitter account has led to a massive transfer of Bitcoin to exchanges. The mayhem that ensued resulted in a staggering $2 billion worth of Bitcoin being moved.According to data analytics firm Glassnode, the misinformation that stemmed from the breach […]
BitGo, a crypto custody business, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows BitGo to operate and provide digital payment token services to clients in Singapore while awaiting a full permit.According to the MAS, MPI-licensed firms can conduct payment services without being […]
Sehra emphasizes the importance of integrating compliance into the decentralized infrastructure. He argues that it’s not merely about incorporating Know Your Customer (KYC) and Anti-Money Laundering (AML) measures through a simple flag indicating if a user is whitelisted. Instead, the process requires a more nuanced approach.Several factors need to be considered to match the right […]
Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, has unveiled some details of the forthcoming cryptocurrency regulation in the country. The government plans to provide legal definitions to key concepts in cryptocurrency, adhere to the Financial Action Task Force (FATF) standards, and license trading platforms.On January 10, Şimşek confirmed to the Anadolu Agency that the […]
The U.S. Securities and Exchange Commission (SEC) is currently under the microscope of Congress following a security breach of its social media account. The incident has raised questions about the robustness of the SEC’s security protocols.The breach was reported by social media platform X, which revealed that the SEC’s account was compromised due to a […]
Despite the spread of false news about Bitcoin ETF approval, Bitcoin’s price surged to $47,800, demonstrating the market’s resilience and readiness for integration with mainstream financial systems. This incident, however, raised security concerns and skepticism within the crypto community, particularly about the SEC’s internal security measures.The SEC’s decision on the much-anticipated Bitcoin ETF was unexpectedly […]
The crypto community is abuzz with anticipation over the approval of the first spot Bitcoin ETF, an event that has the potential to significantly influence Bitcoin’s value. However, another significant event, the Bitcoin halving set for April, is being overlooked despite its historical impact on the digital asset’s value. Following previous halvings, Bitcoin has consistently […]
United States Senators J.D. Vance and Thom Tillis have urged the United States Securities and Exchange Commission (SEC) to provide a detailed report on the recent breach of its X account. The breach, which occurred on January 9th, caused a stir in the markets when the official SEC account on X erroneously announced the approval […]
