The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a Virtual Assets Service Provider (VASP) Licence to Crypto.com’s Dubai subsidiary, CRO DAX Middle East FZE, allowing it can engage in specific virtual asset service operations. After Crypto.com has fulfilled certain criteria and localization requirements set out by VARA, the
One of South Korea’s most renowned cryptocurrency trading platforms, Bithumb, is apparently preparing for a historic Initial Public Offering (IPO) on KOSDAQ. The Korea Exchange (KRX) in South Korea launched its trading board, KOSDAQ, in 1996. Initially established by the Korea Financial Investment Association as a separate stock market from
Crypto exchange FTX’s bankruptcy advisors have sued Bybit Fintech Ltd. to reclaim cash and digital assets valued at an astounding $953 million. According to FTX’s advisors, ByBit took all of the funds just before the company filed for Chapter 11 bankruptcy in November. The action was filed on Friday, November
Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered
An overview of Turkey’s cryptocurrency scene and significant insights from Binance Blockchain Week are included in the report. Turkey has a reasonably high degree of crypto adoption, with over 40% of population having exposure to crypto. Cryptocurrency is a very popular asset class among investors. 66% of investors questioned say
For the first time in two years, the regulated Chicago Mercantile market (CME) surpassed Binance as the largest bitcoin (BTC) futures market on Thursday. According to CoinGlass statistics, CME has a higher market share than any other futures and perpetual futures exchange at 24.7%, with an open interest (OI) of
FTT, the token of bankrupt crypto exchange FTX, soared over 72% after SEC head Gary Gensler’s statements signaling his openness to a resurrection of the exchange “within the law.” Gensler’s remarks come after rumors that three buyers are approaching FTX, including ex NYSE president Tom Farley’s crypto exchange Bullish. None
According to a November 8 announcement, the cryptocurrency trading platform OPNX has been granted a virtual asset service provider license (VASP) in Lithuania, enabling it to provide spot cryptocurrency trading services within the European Union. We're excited to announce our latest regulatory milestone in Europe! OPNX has obtained the Virtual
Coinbase, a prominent cryptocurrency exchange, has been blocked in the Republic of Kazakhstan, according to the Ministry of Culture and Information. According to a report in the country’s domestic media, this comes as the Kazakh government adopts a harsh regulatory posture against the cryptocurrency industry, citing the sector’s infringement of
The insolvent cryptocurrency exchange FTX petitioned in court last Friday, November 3, to sell off crucial Trust funds worth a total of $744 million. Some of the funds are held by custodial service provider Bitwise and cryptocurrency asset management Grayscale, as shown by the filing. One Bitwise trust is holding
