Thu, November 14

Alchemy Pay Boosts Hong Kong Spot ETF Access Via New Collaboration 

Alchemy Pay, announced its collaboration with Victory Securities on May 16. The Singaporean payment gateway, connecting cryptocurrency with fiat currencies, provides services in 173 countries. The collaboration is aimed at enabling investors to access Bitcoin and Ethereum Spot ETFs through the platform, stated Alchemy Pay’s press release.   Victory Securities, the

May 16, 2024 2 mins read

Coinbase to Enter Australia’s Pension Sector with Crypto Offerings

Coinbase, a leading cryptocurrency exchange, is gearing up to introduce a specialized service aimed at Australia’s self-managed pension sector, according to insights shared by John O’Loghlen, the Managing Director for the Asia-Pacific region at Coinbase, says Bloomberg. The move comes as self-managed superannuation funds in Australia have increasingly shown interest

May 16, 2024 1 min read

South Korean Officials Face Trial For Bribery in Crypto Fraud Case

Two police officers in South Korea are facing trial over an alleged bribery case involving a high-profile crypto fraud case. It involves an alleged crypto fraudster surnamed Tak.  Tak was accused of orchestrating an art-themed altcoin scam and for running a fake Ethereum and NFT-related project convincing people to invest

May 16, 2024 2 mins read

Cypher Developer Confesses Stealing User Funds for Gambling, Awaits Punishment

A core developer of solana based DEX platform Cypher confessed to stealing user funds amounting to $300K on his X account. The core contributor known as Hoak released a public statement accepting the allegations imposed on him and apologised for it.  The loss of funds came to contributors’ notice after

May 15, 2024 2 mins read

Federal Court Orders Elon Musk Must Testify in SEC Investigation

Federal court orders Elon Musk to testify again in the Securities and Exchange Commission’s (SEC) investigation into his $44 billion Twitter takeover. The court ruled in favor of the SEC’s request after Musk refused to attend an initial interview in September 2023, claiming “harassment.”  The investigation centers on whether Musk

May 15, 2024 1 min read

Upcoming UK Elections, an Undeterred Path for the Crypto Sector? 

The UK elections scheduled to happen later this year, are expected to maintain currents in the crypto sector. Industry stakeholders and Government officials have made statements on the UK’s approach to crypto.  Amidst the crypto tug-of-war in the US Elections, the UK has steered clear of controversies. The country has

May 14, 2024 2 mins read

Tether Freezes 5.2M USDT Linked to Phishing Groups

Tether has frozen 5.2 million USDT from 12 Ethereum addresses linked to phishing groups. These addresses are tagged as USDT-banned addresses by MistTrack. It is an anti-money laundering tracking system developed by SlowMist AML, and used in on-chain analytics to trace illicit funds. Historically, stablecoin issuers ban suspicious addresses for

May 14, 2024 2 mins read

Tether CEO Responds to Ripple’s Caution on Government Scrutiny

In a recent exchange between cryptocurrency industry leaders, the Tether CEO replied for comments made by the Ripple CEO, shedding light on the stability and compliance measures of the stablecoin amidst speculation of government scrutiny. Brad Garlinghouse, CEO of Ripple, had suggested a potential investigation by US authorities into Tether,

May 13, 2024 2 mins read

HashKey Capital Secures Dual Licenses for Comprehensive Financial Services

HashKey Capital, a prominent player based in Hong Kong in virtual asset management, has secured a Type 4 license from the Securities and Futures Commission (SFC). This license, identified as BOP237, distinguishes HashKey Capital as a pioneering licensed corporation capable of offering both securities and virtual asset management and advisory

May 13, 2024 1 min read

Will Crypto Market Bears Continue to Dominate? Insights and Analysis

The cryptocurrency market has sustained a downward trajectory over the past week. The overall market has seen a decline of 3.6%, coupled with a significant 27% decrease in trading volume compared to the previous week. Despite this gloomy backdrop, hope flickers among traders, largely fueled by the resilience of select

May 13, 2024 2 mins read