A joint assessment by regional bodies, including the Financial Action Task Force (FATF), has urged India to enhance its regulation of virtual assets. The FATF’s recent report on India’s efforts to combat money laundering and terrorist financing reveals significant risks associated with domestic illegal activities, primarily fraud, cyber fraud, corruption,
September 21, 2024 2 mins read
Ethereum itself is witnessing a bullish trend, with large wallet transfers and increased trading volumes. As of September 19, the US Spot Ethereum ETF has shown significant movement, with a daily net inflow of $5.24 million, primarily from Blackrock’s ETHA, which recorded the entire inflow. The ETF now boasts total
September 20, 2024 2 mins read
Crypto hackers have seized control of the Supreme Court of India’s official YouTube channel to execute a Ripple and XRP scam. On September 20, the channel, which boasts over 217,000 subscribers, was rebranded to promote misleading cryptocurrency content. Users encountered videos touting Ripple and XRP investments, misleading many in the
September 20, 2024 1 min read
In a recent post on X, Consensys announced it had filed a lawsuit against the SEC in April 2024 to safeguard the Ethereum ecosystem. The Texas court dismissed the lawsuit on procedural grounds without addressing the substance of the claims against the SEC. Prompting Consensys to express concern over the
September 20, 2024 2 mins read
Binance CEO, Richard Teng has said that the company is working so hard to bring Tigran Gambaryan back to his home. Binance’s head of financial crime compliance, Tigran Gambaryan, is currently imprisoned in Nigeria after being arrested on February 26, 2024. He faces serious charges of tax evasion and money
September 19, 2024 2 mins read
In an era where cryptocurrencies and blockchain technology are reshaping the financial landscape. Calls for reforming regulatory frameworks are becoming increasingly urgent. Mark Uyeda, the SEC commissioner wants the Securities and Exchange Commission (SEC) to update Form S-1, the standard registration statement for public offerings. This is to better accommodate
September 19, 2024 1 min read
Pudgy Penguins is a prominent Web3 brand featuring a collection of 8,888 non-fungible tokens (NFTs) launched on the Ethereum blockchain. The CEO of Pudgy Penguins recently described the SEC’s crackdown on NFTs as “nonsense,” asserting that he remains unworried by the regulatory actions taken by the U.S. Securities and Exchange
September 18, 2024 2 mins read
Bitcoin is currently experiencing significant upward momentum, trading at $60,654, reflecting a 4.30% increase over the past day. This price is nearing a key resistance level at $61,401, which was noted on September 17. Whale activity is also noteworthy, with significant transfers occurring. A dormant whale transferred 1,215 BTC from
September 18, 2024 2 mins read
Singapore’s largest bank, DBS Bank which has its digital exchange DDEx, is set to enhance its cryptocurrency services by launching over-the-counter options trading for Bitcoin and Ethereum. In a press release on Tuesday, DBS announced that it will provide advanced cryptocurrency trading tools and structured notes to its corporate clients.
September 17, 2024 2 mins read
Binance has expanded its offerings by listing Baby Doge Coin (BabyDoge) alongside Neiro and Turbo. This new listing has sparked significant interest, leading to an immediate price surge of 1MBABYDOGE. In a strategic move to boost its value further, Baby Doge Coin has announced that it will be conducting manual
September 17, 2024 2 mins read