Applications for unlicensed virtual asset service providers (VASPs) are due on February 29th, and those who did not get approval were told to stop operations by May 31st, according to the financial services department of the Hong Kong government. Given that certain VASPs were already operating in Hong Kong prior
The Hong Kong Securities and Exchange Commission (SFC) has received an application from the Bybit crypto exchange seeking a Virtual Asset Trading Operator (VATP) license. The SFC website states that the exchange, operating under the name Spark Fintech Limited, submitted the licensing application on January 31. Included in the fourteen
Coinbase announced that former UK Chancellor George Osborne would join its board of advisors. Disputes with the U.S SEC and litigation against the cryptocurrency exchange have likely prompted the move. The action by Coinbase further shows that the company is attempting to sidestep U.S regulations as it expands into other
Following investment bank Oppenheimer’s decision to upgrade Coinbase’s stock rating from “perform” to “outperform” and set a price target of $160 per share, citing the company’s strength and the toughness of its management team, Coinbase’s (COIN) share price increased by as much as 6% on Friday. Analyst Owen Lau mentioned:
With surveys conducted in France, Spain, Italy, and Sweden, Binance—the world’s leading blockchain ecosystem and crypto service provider by trading volume—has dived into the behavior of European cryptocurrency users, providing a thorough understanding of their preferences and behaviors. A striking pattern emerges from the poll: 73% of participants are bullish about cryptocurrency’s
Users affected by the recent flash collapse of OKX’s native token, OKB, will be compensated by the cryptocurrency exchange. Investors and dealers were understandably worried when the token’s value plummeted on January 23, prompting this disclosure. In less than fifteen minutes on January 23rd, OKB’s value fell from $46.80 to
In a research report released on Monday, JPMorgan downgraded U.S. exchange Coinbase (COIN) to underweight and warned that the debut of spot bitcoin ETFs, the primary driver of bullish sentiment in the cryptocurrency markets last year, might disappoint investors in 2024. Analysts led by Kenneth Worthington mentioned: “While we continue
An independent examiner was ordered to be appointed by the court presiding over the bankruptcy of FTX crypto exchange by the United States Court of Appeals for the Third Circuit, months after the initial filing. Ruling of Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware
After a recent Distributed Denial-of-Service (DDoS) assault, the services of Justin Sun led crypto exchange HTX and its decentralized autonomous organization (HTX DAO) have been restored. The platforms’ resilience and sophisticated security mechanisms were on display during the short disruption of operations caused by the DDoS assault that occurred on
Rapidly expanding crypto project Bitgert and KoinX, a prominent crypto tax software and portfolio tracker have announced a partnership aimed at improving the digital asset management experience for Indian crypto investors. Bitgert, a blockchain solutions provider, recently announced that the integration of its native token BRISE with KoinX’s platform has
