Local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after a June 1 licensing deadline will be subject to “on-site inspections” according to the Hong Kong Securities and Futures Commission (SFC). On May 28, the SFC reminded cryptocurrency enterprises that they need to get a
The ‘Forever Worldwide: The Road to Saudi Arabia’ NFT collection, a collaboration between Cristiano Ronaldo and Binance, was unveiled today. The new NFTs offer fans novel experiences and spectacular real-life rewards, representing Cristiano Ronaldo’s journey from modest beginnings in Madeira to becoming a worldwide football legend. The ‘Forever Worldwide: The
DeFi has had a significant capital inflow in 2024, resulting in a 75.1% increase in TVL year-to-date (YTD) to US$94.9B from US$54.2B at the beginning of the year. Nearly all DeFi sectors have benefited from this increase, including big and specialized markets. As a result, differentiated markets have emerged, enabling
Crypto exchange Kucoin delisted the dormant stablecoin of Acala Network — aUSD — and has initiated the launch of an “acquirement plan” to compensate token holders’ loss. Previously, in August 2022, the Acala incident — an erroneous minting of 3 billion aUSD tokens in its liquidity pool — occurred. Following
Crypto exchange Gate.HK, a Hong Kong subsidiary of Gate.io, is ceasing operations and has withdrawn its application for a license to operate a crypto trading platform in the region. On Wednesday, the business announced plans to do a “major overhaul” of its present platform and asked consumers to remove their
An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to
Futures contracts for oil and gold on a retail scale will soon be available on Coinbase Derivatives. Moreover, the exchange said on Tuesday that the new product would be available beginning June 3rd. The firm stated: “While crypto derivatives remain at the core of our business, we’re excited to announce
Crypto exchange Kraken, has officially denied plans to delist Tether (USDT) in Europe. The news comes as concerns about the reliability and compliance with regulations of popular stablecoins like Tether (USDT) are growing in the cryptocurrency world. Investor mood and market dynamics are affected by Kraken’s position on the topic,
Subsquid, a Web3 data access layer, has announced that many tier-one cryptocurrency exchanges are about to list its SQD token. On May 17, 2024, the native Subsquid token will be concurrently listed on Gate.io, Bybit, KuCoin, CoinList, and MEXC Global. SQD trading markets are scheduled to begin at 8:00 UTC, with
The French government has now begun to investigate the cryptocurrency exchange Bybit for possible regulatory violations. This comes regardless of reaching a worldwide user milestone of 20 million after five years of operation. Regarding Bybit’s unlawful status in the region, the French financial regulatory authority, the Autorité des Marchés Financiers
