Crypto miner Hive Digital Technologies Ltd. has expanded its data center operations in Sweden with the acquisition of a new property in Boden. This move is expected to enhance Hive’s Bitcoin production capabilities and is strategically located near its existing data center in the region. The company’s expansion aligns with its broader strategy of embracing […]
Changpeng Zhao, the founder and former CEO of Binance, is facing the possibility of a 10-year prison sentence and strict travel restrictions due to a violation of the Bank Secrecy Act. The U.S. Justice Department is challenging a court decision that allowed Zhao to stay in the UAE, citing concerns about his wealth and connections […]
Circle, the issuer of the USDC stablecoin, has partnered with SBI Holdings, a Japanese securities and banking giant, to increase the circulation of USDC in Japan. The partnership was formalized through a memorandum of understanding (MOU) and requires SBI Holdings to register as an electronic payment services provider in Japan. This collaboration comes after the […]
Coinbase International Exchange, a branch of Coinbase Global Inc. that serves clients outside the United States, has announced its plans to add perpetual futures contracts for four new digital assets: Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM). This strategic move aims to cater to a broader audience of traders and follows a regulatory […]
Circle, the stablecoin issuer behind USD Coin (USDC), has partnered with Tokyo-based financial services firm SBI Holdings to promote the adoption of USDC and Web3 services in Japan. The collaboration was formalized through a memorandum of understanding (MOU) signed on November 27. This move comes after the Japanese government revised the Payment Services Act to […]
A recent court filing suggests that Changpeng “CZ” Zhao, the former CEO of Binance, is facing further legal challenges despite pleading guilty to violating US Anti-Money Laundering requirements. Zhao is currently challenging the government’s efforts to prevent his return to the United Arab Emirates while awaiting sentencing. The authorities have indicated that he may face […]
Zipmex, a cryptocurrency exchange based in Singapore, has decided to temporarily suspend all digital asset trading operations in Thailand. This move is in response to regulatory demands set by the Securities and Exchange Commission (SEC) in Thailand. The suspension, effective from November 25, aims to ensure that Zipmex’s business operations align with the regulatory standards […]
Cryptocurrency exchange Zipmex has announced that it will suspend all digital asset trading in Thailand in order to comply with regulatory requirements. The company has decided to temporarily halt its operations to align with the criteria set by the Securities and Exchange Commission (SEC) in Thailand. This suspension will be effective from November 25, 2023, […]
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the U.S. government. This settlement is seen as a significant step towards the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The settlement involves Binance agreeing to have compliance monitors overseeing its operations […]
SEC Commissioner Hester Peirce, also known as “Crypto Mom,” has expressed her support for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. In an interview with Bloomberg, Peirce stated that there is no reason for the SEC to stand in the way of such an ETF. This statement has […]
