UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only beta on August 10. The platform targets professional investors seeking crypto and U.S. securities through one trading environment. Users can trade crypto spot, margin, contracts, and options alongside U.S. stocks, ETFs, and stock options. UMX says
Dubai Duty Free has integrated the payment system through incorporating crypto payments in all of its airport stores and even online. Customers will be allowed to make purchases through Crypto.com Pay if they are eligible to do so. The integrating cryptocurrencies in one of the busiest international airports in the
The institutional crypto portfolio usually tends to represent the market environment in times of high volatility. In a recent disclosure made by crypto market maker GSR, the company stated that its Crypto Core3 portfolio had fallen by 57.78% in the last one year, indicating the tough times that professional digital
A new and significant hack on a bridge system is just another problem in the string of problems affecting the crypto world this month. AFX Trade, which runs on Arbitrum, lost $24.15 million worth of USDC. Attackers exploited AFX’s bridge, and several blockchain security firms detected the attack almost immediately.
The remains of the defunct crypto exchange FTX will be initiating yet another massive distribution of funds this month. The bankruptcy estate will start the distribution of approximately $900 million to eligible global creditors from July 31, 2026. This very important step comes at the end of a highly organized
British fraudsters Anthony Ikenwe, Kevin Nwamma, and Hamza Bashir breached the blockchain security measures using human vulnerability. According to The National News, criminals impersonated the identity of police officers to scam eight victims of over £4 million in crypto. Through cold-calling of their victims, these fraudsters convinced them about an
The rise of derivatives in the Indian cryptocurrency market is due to people’s desire to take advantage of the discrepancy and futures tax rates. The reason for this change is the result of the taxation policy applied to cryptocurrency transactions due to the 2022 Union Budget of India. People involved
Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that
India is currently evaluating its crypto policy in the long run. While the regulatory bodies adopt a cautious stance towards digital assets. According to recent internal government papers, the RBI has reiterated its recommendation regarding restrictions on cryptocurrencies and stablecoins. Reuters reported any cryptocurrencies. Also, keeping themselves free from direct
The U.S. Commodity Futures Trading Commission has commenced a civil action in federal court against Trevor Vernon and Argent Capital Management LLC. According to regulators, the defendants operated an illegal commodity pool engaged in the trading of cryptocurrencies, futures, and options. As mentioned in the complaint, nearly 60 individuals have
