In a latest development, Nasdaq has submitted a 19b-4 form to the US SEC for the proposed Canary Litecoin ETF. Notably, this filing initiates the official review process for the approval of a spot Litecoin ETF. Notably, the 19b-4 filing is the first official step to get the SEC’s approval on ETFs. This filing therefore …
In a latest develoment, to prepare for EU regulatory requirements and in accordance with local guidance, Binance Poland will gradually introduce changes to crypto withdrawal and deposit procedures. Users will be required to provide additional information for transactions above €1,000 or its equivalent. For deposits, users must supply the sender’s details, while for withdrawals, they …
A recent study shows that 20% of Generation Z and Alpha prefer crypto pensions, highlighting growing confidence in the cryptocurrency market among younger generations. Research by crypto exchange Bitget reveals that young people are incorporating crypto funds into their long-term retirement plans, moving away from traditional pensions in favor of tech-driven solutions that better align …
Avalon Labs, the issuer of a Bitcoin stablecoin, announced that their airdrop registration event, which lasted just one day, attracted over 3 million registrants and 18 million page visits. Currently, Avalon Labs’ airdrop registration is still ongoing. As a leading financial infrastructure platform in the BTCFi field, Avalon Labs has surpassed a total locked value …
The SEC has officially appealed a recent court ruling regarding XRP, challenging the decision that transactions involving XRP purchased by public investors don’t qualify as “investment contracts” under the Howey test. The district court had ruled that the lack of clarity on whether Ripple was the seller meant these transactions didn’t meet the criteria. Now, …
The Thai Securities and Exchange Commission (SEC) is exploring the approval of a Bitcoin exchange-traded fund (ETF) for listing on local exchanges. This move could position Thailand as a growing hub for digital assets. According to Secretary-General Pornanong Budsaratragoon, the SEC is considering allowing both individual and institutional investors to access local Bitcoin ETFs. Currently, …
Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced the listing of three new tokens: Adventure Gold (AGLD), Cobak Token (CBK), and Hippocrat (HPO). These tokens will be available for trading in Korean won pairs starting at 6:00 PM on Thursday, January 16, 2025. AGLD serves as the native token for the Loot ecosystem, CBK powers …
Boerse Stuttgart, a major German stock exchange, has experienced significant growth in its cryptocurrency trading business, which now makes up around 25% of its total revenue. Its cryptocurrency trading volume nearly tripled in 2024, achieving its best performance ever. The exchange’s crypto business has flourished amid the U.S. spot ETF boom, which saw $36.2 billion …
In a latest development develoment, Cannes, France, the venue for the International Film Festival, announced that it will promote the city’s merchants to access the cryptocurrency payment system. It is launching a Web3 initiative to encourage and train local merchants to accept cryptocurrency payments. The goal is to attract high-spending customers, especially as cryptocurrencies become …
In an attempt to become a global blockchain powerhouse, Dubai has announced the construction of a 17-storey Crypto Tower to adapt to the growing blockchain and Web3 technology. Strikingly, the Crypto Tower will boast 150,000 square feet of leasable space for the Web3 community to build projects. The UAE is working to become a global …
Recently, Thailand’s Cyber Crime Investigation Bureau has announced that it will propose a ban on Polymarket, claiming the platform enables illegal online gambling using cryptocurrency. Notably, TCSD commander Trairong Phiwpaen emphasized the need to suspend Polymarket to prevent online gambling and crypto misuse, which could lead to significant economic and social risks. While the timeline …
In a recent update, Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim recently met with Binance founder Changpeng Zhao and UAE officials to discuss potential crypto regulatory frameworks. He held discussions focused on establishing policies to recognize the crypto industry and modernize Malaysia’s financial system. He noted that he has urged the central bank and Treasury …
Ripple’s XRP has achieved a historic milestone by surpassing the market capitalization of BlackRock, the world’s largest asset manager. As of January 15, 2025, XRP’s market cap stands at an impressive $162 billion, overtaking BlackRock’s $154 billion. This achievement highlights XRP’s growing importance in the cryptocurrency market, driven by increased adoption of Ripple’s blockchain technology …
The Trump family’s crypto project, World Liberty, has been making notable moves in the blockchain space. Earlier today, the project executed significant transactions through Cow Protocol. It exchanged 103.15 WBTC for 3,075.20 ETH, valued at approximately $9.92 million, and 16.62 WBTC for 1.7 million USDT. Following these swaps, a massive transfer of 11,917.64 ETH, worth …
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of breaking securities laws. The SEC claims Musk delayed disclosing his 5% ownership in Twitter, allowing him to buy more shares at lower prices, allegedly underpaying by $150 million. Typically, such a stake requires timely public disclosure, but Musk …
Blockchain analytics company Chainalysis has recently acquired Alterya, a similar firm that primarily deals in AI-based fraud detection, for a whopping $150 million. Started in 2022, Alterya aims to investigate and prevent fraud schemes that affect financial institutions together with the providers of cryptocurrency services. The platform can accurately track transaction traffic in excess of …
Sony has officially launched its Layer-2 blockchain platform, Soneium, marking a significant step into blockchain technology for the 78-year-old tech giant. Built on Ethereum using Optimism’s OP Stack, Soneium aims to bridge the gap between Web2 and Web3, focusing on gaming, finance, and entertainment applications. The platform’s user-friendly design seeks to make blockchain interactions seamless …
Robinhood has agreed to pay $45 million in civil penalties to the U.S. Securities and Exchange Commission (SEC) for breaching multiple securities regulations. The settlement involves Robinhood Securities LLC and Robinhood Financial LLC, which admitted to certain findings in the SEC’s investigation. The SEC cited failures in maintaining electronic records, timely reporting suspicious activity, and …
Intesa Sanpaolo, Italy’s largest banking group, has made headlines by purchasing 11 bitcoins for approximately $1 million, becoming the first Italian bank to invest directly in the cryptocurrency. The acquisition, confirmed by the bank’s press office, was revealed after a leaked internal email surfaced online. While the bank acknowledged the purchase, it declined to comment …
In a recent move, Chainalysis, a leader in crypto analysis and forensics, has acquired Alterya, an Israeli startup focused on AI-driven fraud detection, for approximately $150 million. Alterya uses AI agents to detect and prevent scams targeting financial institutions, fintech, and crypto service providers. This investment allows Chainalysis to move beyond reactive investigations and offer …
In a latest development, Semler Scientific has acquired 237 BTC for $23.3 million at $98,267 each, raising its total holdings to 2,321 BTC worth $191.9 million. The purchase was made at an average cost of $98,267 per Bitcoin, including all charges. Notably, Semler Scientific used an at-the-market (ATM) offering and operational funds to invest in …
In a latest development, on 13 January 2025, Singapore has officially banned the operation of Polymarket, a prominent crypto-based prediction platform. Singapore’s Monetary Authority (MAS), the country’s central bank and financial regulator, cited several reasons for the ban. Notably, Polymarket was reportedly operating without the necessary licenses required under Singapore’s Payment Services Act. The ban …
Indian Railways is set to launch NFT-based train tickets for passengers attending the MahaKumbh Mela, a major pilgrimage held once every 144 years. This innovative move aims to bring digital advancements to one of the world’s largest religious gatherings. The NFT tickets will serve as a unique, verifiable entry pass, ensuring smoother travel and greater …
SlowMist has reported that UniLend Finance lost $197,600 in a redeem process hack that exposed a vulnerability in it. With that, they had a chance to control the shares and artificially lift the value of the collaterals used as security. This made it possible to misrepresent the attacker’s holdings and facilitated the stealing of funds. …
Azuki-backed token ANIME is gearing up for its launch on Ethereum and Arbitrum in January 2025. The token distribution plan is already in place, with 37.5% allocated to the Azuki community, ensuring strong backing from its loyal fanbase. Additionally, 13% will support AnimeDAO, while 24.44% will go towards the Animecoin Foundation. The team and advisors …
Indian cryptocurrency exchange Mudrex has temporarily halted crypto withdrawals, with services expected to resume on January 28 after compliance upgrades. INR (Indian rupee) withdrawals remain unaffected, and the platform assures users that all funds are safe. Mudrex clarified that the pause is aimed at improving compliance and preventing misuse of the platform. Officials emphasized their …
Mango Markets, a Solana-based decentralized exchange, is shutting down operations following legal troubles and an SEC settlement. The platform advised users to close their positions by January 13, marking the end of its borrowing and lending services after governance votes. The closure follows the SEC’s claims that Mango raised $70 million in 2021 through unregistered …
Scammers targeted New York residents with fake remote job offers, stealing over $2 million in cryptocurrency. Victims were instructed to buy stablecoins like USDT and USDC on platforms such as Coinbase and send them to unhosted wallets. The scammers convinced them to write fake reviews for non-existent products in exchange for promised job opportunities. New …
Charles Hoskinson, the founder of Cardano, has recognized the XRP community for its strong leadership and purpose-driven vision. In a recent X post, Hoskinson highlighted the genuine support from XRP users and credited the project’s leadership as credible, and essential for its long-term growth. Hoskinson’s remarks pointed to XRP’s utility in cross-border payments and financial …
In a latest development, Kenya is officially preparing to legalize cryptocurrency trading in the country, including Bitcoin, according to officials. Kenya’s Treasury Cabinet Secretary John Mbadi says that the East-African country is preparing legislation for crypto assets, a major shift in policy regarding the industry. Cryptocurrencies have been banned in Kenya, but widespread public use …