The U.S. Department of the Treasury is reviewing whether crypto exchanges and digital asset infrastructure have been used by Iranian-linked actors to circumvent international sanctions. The U.S. regulators are also paying attention to the centralized exchanges, stablecoin routes, and liquidity providers that could act as repeatable access points for the
Crypto exchange operator Kraken continues to benefit from renewed market momentum, as its parent company Payward reports a sharp rise in revenues. Traders returned to digital assets in force, pushing volumes higher across spot and derivatives markets. Current trends in Bitcoin price analysis and the recovery of the crypto market
FTX users and law firm Fenwick & West LLP have agreed to a proposed settlement in a lawsuit regarding the firm’s representation of the failed cryptocurrency exchange, according to court documents. The lawsuit, which is part of a multidistrict litigation action filed in response to the collapse of FTX in
The U.S. Treasury has sanctioned two crypto exchanges in the UK, Zedcex and Zedxion, for allegedly assisting Iran in evading U.S. and international financial sanctions. The sanctions were issued by OFAC, or the Office of Foreign Assets Control, at the U.S. Treasury. This is the first time that OFAC has
Binance is intensifying its push into South Korea by strengthening its position around local exchange Gopax and the GoFi ecosystem. The move signals a calculated effort to gain a stronger footing in one of Asia’s most tightly regulated yet highly active crypto markets. This is happening at a time when
According to a recent study by the UK Cryptoasset Business Council, traditional banks either block or delay almost 40% of transactions sent to cryptoasset exchanges in the UK. As the results are based on a report named Locked Out: Debanking the UK’s Digital Asset Economy, which looks at the increasing
Some of the Coinbase users have been experiencing missing or incorrect balances being reflected in their accounts, which raised various concerns among the cryptocurrency communities. It is reported that the affected users were the ones who had been experiencing issues with the balances being reflected both on the Coinbase exchange
Google is rolling out stricter crypto app requirements in South Korea, a change that could sharply limit access to offshore exchanges by linking app availability to local regulatory approval. The update raises compliance pressure on foreign platforms that serve Korean users without completing the country’s formal registration process. According to
Grayscale marked an important milestone as the first cryptocurrency issuer to list on US exchanges to distribute Ethereum staking rewards to its clients. The milestone also marks better US market participation in blockchain-based yield. In a Jan. 5 announcement, Grayscale confirmed that its Grayscale Ethereum Staking ETF (ETHE) completed its
Cryptocurrency exchange Gemini has announced its intent to go public, submitting a confidential draft registration with the U.S. Securities and Exchange Commission (SEC) to begin the process for an initial public offering (IPO). The announcement, made on June 6, signals a major strategic move for the crypto firm co-founded by
