To safeguard investor funds, the Monetary Authority of Singapore (MAS) is considering mandating that crypto exchanges maintain a dedicated trust. On Monday, the Monetary Authority of Singapore (MAS) allegedly ordered cryptocurrency exchanges in the country to start holding customer funds in trust. By the end of 2023, all crypto trading
One of the fastest-growing industries in the financial sector is the crypto industry which has escalated exponentially in the last decade. Significantly, the crypto buzz across India is gradually increasing every year. Crypto trading has become popular in India despite its regulatory issues and other challenges. It is clearly known
In a revolutionary step, Russia is embracing cryptocurrency exchanges to facilitate cross-border transactions, signaling a dramatic shift in its stance towards digital currencies. As this move aligns with the global trend towards digitized finance, it could trigger a wave of innovation and intensify competition in the crypto industry. This move
The U.S. Department of Justice (DOJ) will target crypto exchanges that engage in or allow criminal activity, such as money laundering. Moreover, the illicit transaction rate has surged up to $20 billion in 2022, which is an increase of 40% from 2021. On Monday, the Financial Times reported that the
Since “Ethereum’s Shanghai upgrade,” the two largest centralized cryptocurrency exchanges, Binance and Coinbase, have seen significant outflows of staked Ether (ETH) as investors turn to decentralized competitors. According to Dune Analytics data, the world’s largest cryptocurrency exchange, Binance’s staking service, has seen a net outflow of $340 million. In addition,
On the fine evening of April 28, Reuters reported that the cryptocurrency payment card program of Mastercard is about to expand indulging various crypto partnerships. Raj Dhamodharan, the head of crypto and blockchain stated that this decision is taken irrespective of closer scrutiny in the industry from the banks and
While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President
On Thursday, the Texas House Representatives passed a bill requiring crypto exchanges to provide proof of reserves. A Republican state representative, Giovanni Capliglione, filed HB 1666. The bill is expected to rebuild trust in the crypto market. And also, the bill would bring some major regulations to the crypto market.
Bitget’s managing director Gracy Chen joined an exclusive interview with TheNewsCrypto to crucially talk about the future of crypto exchanges in the evolving regulatory landscape and also the role of Bitget exchange in the sector. Gracy Chen is a renowned “Global Shaper”, as acknowledged by the World Economic Forum in
Elon Musk’s tweet-inspired memecoin FLOKI CEO (FLOKICEO) is the “talk of the town with a new all-time high.” Following that Crypto Twitter has been flooded with FLOKICEO fan tweets. Also, this community-driven crypto will soon be listed on the top ten cryptocurrency exchanges. Today FLOKI CEO surpassed a new all-time
