The cryptocurrency exchange Gemini, led by the Winklevoss Twins, has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license. NEW: Gemini receives In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license Application. This
After nearly two months of the WazirX hack, there has been no sign of fund recovery yet. Meanwhile, the Indian crypto exchange, CoinSwitch, which recently sued WazirX, has released information related to the WazirX hack. On the other hand, other leading exchanges also witnessed hacks in recent weeks. Notably, CoinSwitch
A Singapore court recently granted a four-month moratorium to Indian crypto exchange WazirX, giving the company time to restructure its operations without facing legal challenges. Meanwhile, on October 18, the Delhi High Court heard a petition from investor Jaivir Bains, who urged action against WazirX for merging funds after a
In 2024, the global crypto market has seen significant developments, including the launch of Bitcoin ETFs and growing adoption by both institutions and governments. As we enter Q4, the momentum continues with new projects and innovations. The leading crypto exchange Kraken has joined the action by introducing its own wrapped
In an interesting turn of events, the hackers behind Bitfinex 2016 major hack penalties were discussed by the US government. The 2016 hack was an enormous security breach that caught market attention and has still been discussed. Several other security concerns have also risen in the past few months. Notably,
The leading crypto exchangeCoinbase is taking a bold step against the U.S. Securities and Exchange Commission (SEC) by filing for partial summary judgment in an ongoing legal battle. This move follows the SEC’s denial of Coinbase’s requests for information regarding its cryptocurrency classification, particularly concerning whether assets like Ethereum (ETH)
Coinbase has officially integrated support for sending Bitcoin to Taproot addresses, enhancing user transaction capabilities. This integration comes as Taproot, a significant Bitcoin upgrade from 2021, gains more traction for its efficiency and privacy benefits. The upgrade not only improves Bitcoin’s transaction performance but also facilitates the deployment of advanced
After receiving a Wells Notice, Crypto.com is pushing back against the U.S. Securities and Exchange Commission (SEC). According to the report, the crypto exchange filed a lawsuit against SEC, Chair Gary Gensler, and its four commissioners alleging that the federal agency is overstepping its jurisdiction by regulating the crypto industry.
The cryptocurrency market has seen a spur of activity in the last 24 hours. While the Uptober bull run has not begun yet, prices have declined. Meanwhile, cryptocurrency firm Ripple has reaffirmed its vow to battle with the SEC. Amid traders’ significant losses and partnerships, as aforementioned, the sector showed
FTX’s reorganization plan has gained overwhelming support, with a significant majority of Dotcom voting creditors approving it. According to the final report released by the Kroll Restructuring Administration, 94.48% of creditors who returned their ballots voted in favor of the proposal. This support marks a crucial step toward resolving FTX’s
