Nearly a thousand cryptocurrency exchanges that were servicing Kazakh residents without the necessary authorization were blocked in 2023 by the country’s Financial Monitoring Agency (FMA). In 2023, the FMA blocked access to 980 illicit platforms, according to a news release issued on the government website on December 7. As for
December 8, 2023 1 min read
An updated spot Bitcoin ETF application was filed to the United States SEC on Friday by VanEck, a mutual fund and ETF management firm. The “HODL” ticker symbol will designate the VanEck spot Bitcoin ETF on the exchange. According to an S-1 filing with the United States SEC on December 8,
December 8, 2023 2 mins read
A senior Indian politician in charge of the country’s financial development has said that the country is not expected to introduce a crypto or Web3-specific legislative measure until at least the middle of 2025. Chair of the Standing Committee on Finance Jayant Sinha was speaking at the India Blockchain Week
December 7, 2023 2 mins read
A new tax system for businesses with cryptocurrency holdings as long-term assets is being prepared to be implemented in Japan. Positioning Japan as an influential participant in the fast-growing digital economy is a larger goal, and this step is only one component of that plan. Japanese lawmakers from the Liberal
December 7, 2023 2 mins read
Leading decentralized cloud service io.net recently revealed a partnership with the Filecoin community, which is a big milestone for the decentralized data storage industry. By collaborating with Filecoin Storage Providers (SPs), io.net gives SPs the chance to expand their revenue streams and use cases, which enhances the return on hardware expenditures.
December 6, 2023 3 mins read
Swiss asset manager Pando takes a giant leap forward in its expansion plans in the U.S. In an official move to enter the competition for the highly anticipated U.S. spot Bitcoin ETF, the business submitted a 19b-4 to the Chicago Board Options Exchange (CBOE) on December 5. As a result
December 5, 2023 2 mins read
Italian central bank Banca d’Italia and South Korean central bank Bank of Korea have entered into a memorandum of understanding (MoU) pertaining to information technology (IT) and payment systems via official channels on December 5. The Italian central bank has said that the MOU has provisions for the “mutual sharing
December 5, 2023 1 min read
Crypto.com announced that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). The FCA approved Crypto.com as a crypto asset firm in August 2022, and this approval follows suit. The strong FCA framework is in line with Crypto.com’s goal of guaranteeing the
December 4, 2023 1 min read
In a touching statement posted on the Bybit blog, co-founder and CEO Ben Zhou reflects on the crypto sector and his visions for the future as the third-largest cryptocurrency exchange by volume, Bybit, celebrates its fifth anniversary. Ben emphasizes Bybit’s noteworthy accomplishments over the last five years in his message
December 4, 2023 1 min read
Using eight different cryptocurrencies, wallets associated with the now-defunct FTX exchange and its subsidiary Alameda Research sent $10.8 million to Binance, Coinbase, and Wintermute accounts. Spot On Chain, a blockchain research organization, saw the transaction and estimated that the organizations had moved $551 million using 59 distinct cryptocurrency tokens since
December 1, 2023 1 min read
