Binance is launching a new solution in Latin America called Send Cash, designed to facilitate more efficient crypto to local bank transfers. This advancement comes after Binance’s decision to discontinue its crypto card services in the same region, which reportedly affected less than 1% of its users. Send Cash will enable users to leverage Binance […]
Tether, the issuer of the world’s largest stablecoin, has reportedly found a new banking partner in the Bahamas-based Britannia Financial Group. The USDT issuer has been leaning on Britannia Bank & Trust to process its US Dollar transfers after several traditional financial institutions cut ties with the crypto industry.Citing people familiar with the matter, Bloomberg […]
The crypto markets have seen a surge of $65 billion following a court ruling in favor of Grayscale in its lawsuit against the SEC. This has reversed the recent bearish sentiment and has analysts and observers eyeing the next bull cycle. The possibility of a spot Bitcoin ETF is seen as bullish, but the SEC […]
The EOS token has been granted whitelist approval by Japan’s crypto regulator, allowing it to be traded against the Japanese yen on regulated exchanges in the country. The EOS Network Foundation (ENF) announced that the token has received whitelist approval from the Japanese Virtual and Crypto Asset Exchange Association. Trading for the token will be […]
Elon Musk-led company X (formerly Twitter) has successfully secured the necessary authorization to function as a payment hub in the United States. This follows Grayscale’s victory on August 29 over the US Securities and Exchange Commission and the social network’s January 2022 approval of the use of NFTs as profile images. X has obtained a […]
The United States Securities and Exchange Commission (SEC) is facing its first deadlines to decide on seven new Bitcoin exchange-traded fund (ETF) applications. The latest deadline is September 4th. Investment firm Bitwise will learn if its ETF will win the SEC’s approval on September 1st, while BlackRock, VanEck, Fidelity, Invesco and Wisdomtree will all be […]
On August 29, Ethereum prices surged, and a whale bought 8,000 ETH at $1,709, spending 13.66 million USDC. The coin may post even more gains in the sessions following a shift in trader sentiment after a favorable appellate court ruling in the case pitting Grayscale, the issuer of several trusts, including the Bitcoin Trust, versus […]
SEBA Bank, a Swiss bank with a crypto-friendly arm in Hong Kong, has been granted in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to deal in virtual assets. This license will allow SEBA Hong Kong to offer services such as over-the-counter derivatives, asset management for discretionary accounts in virtual assets, and advice […]
X, the popular social media platform, has been granted a currency transmitter license by Rhode Island regulators, marking a step forward for the company’s foray into the financial services sector. This license is legally required for companies conducting financial activities related to sending and receiving money, including both fiat and crypto assets.The approval will allow […]
The US Securities and Exchange Commission (SEC) recently initiated legal proceedings against media and entertainment company Impact Theory, resulting in a cease-and-desist order and a financial penalty of over $6.1 million. Two prominent commissioners at the SEC, Mark Uyeda and Hester Peirce, have expressed their dissent against the agency’s enforcement action on Non-Fungible Tokens (NFTs).The […]
