Binance reassures EU customers now that Markets in Crypto-Assets Regulation officially went into full effect in the region. Binance revealed that customers’ assets are still insured on a 1-to-1 basis, and withdrawal is possible without interruption. Richard Teng, Chief Executive Officer, reiterated the same message, stating how the company is
Nearly 1,700 UK cryptocurrency investors have taken legal action in the UK High Court against Binance and its co-founder, Changpeng Zhao, in a lawsuit worth more than £150 million, or roughly $200 million. The claimants’ law firm, KP Law, contends that Binance made available unregulated leveraged tokens, futures, and options
GoMining is announcing the GoBTC Pay Gen1 SDK and API, allowing merchants, wallet providers, and ecosystem partners to integrate Bitcoin payments into real-world products and services. The introduction represents the next step of GoBTC Pay, GoMining’s layer 1 Bitcoin payment technology intended to facilitate quick, non-custodial Bitcoin transactions. The Gen1
REAL, the institutional infrastructure for compliant real-world asset tokenization, today introduced a new confidential execution layer to serve regulated financial institutions working onchain. The layer, built with ZKsync’s Prividium technology, operates in parallel to REAL’s public network allowing institutions privacy controls over positions, allocations, and counterparty data, without affecting public
The European Union has approved 244 crypto licenses through the Markets in Crypto-Assets Regulation as implementation nears the end of its transition period. The data from ESMA’s interim MiCA register reveals Germany and France as the top jurisdictions in terms of licensing. Germany has granted authorization to 57 crypto-asset service
The United States Securities and Exchange Commission managed to secure a major victory in court against NanoBit. The SEC secured the judgment after investigating a long-term cryptocurrency fraud. The judgment follows a long-running case concerning fraudulent cryptocurrency trading schemes operated by NanoBit. The judgment by the United States District Court
South Korea’s biggest cryptocurrency exchange platform, Upbit, will add the Gensyn (AI) listing with KRW, BTC, and USDT trading pairs starting June 30 at 16:00 KST. This listing presents the decentralized artificial intelligence program to one of the biggest Asian digital asset exchanges. The listing comes approximately two months after
OpenPayd, a leading provider of financial infrastructure, has been chosen by RedotPay, a global stablecoin-based payment fintech, to improve its treasury operations, multi-currency payments, and cross-border remittances for clients all over the globe. By strengthening RedotPay’s payment infrastructure, the partnership makes it easier for customers to switch between local and digital
Ethereum co-founder Vitalik Buterin released a comprehensive piece describing Obfuscation in crypto industry. He explained how cryptographic obfuscation could strengthen blockchain privacy and security in the future. Obfuscation converts ordinary code into an encrypted form while allowing it to produce the same output. As opposed to encryption that secures stored
A major USDT supply squeeze has hit India’s USDT market, sending the price premiums of the stablecoin past its usual trading band. As per a report from The Economic Times, USDT was sold at around 102.88 INR on Saturday, whereas the USD/INR foreign exchange ratio stood at 94.65 on Friday.
