CoinDCX to Provide Secure Custody Services for India’s Enforcement Directorate The world of cryptocurrency continues to expand and make its mark in various sectors, including law enforcement and asset management. Recently, CoinDCX, a leading cryptocurrency exchange based in India, has been tasked with managing seized crypto assets for the country’s Enforcement Directorate. This move marks […]
Kraken wins legal battle as SEC ends registration lawsuit
Kraken Wins Legal Battle as SEC Ends Registration Lawsuit In the ever-changing landscape of cryptocurrency regulations, a recent victory for Kraken, one of the leading cryptocurrency exchanges, marks a significant milestone for the industry. The Securities and Exchange Commission (SEC) has decided to end its registration lawsuit against Kraken, signaling a potential shift towards a […]
Binance to remove non-MiCA compliant stablecoins in Europe
Binance Takes a Stand: Removing Non-MiCA Compliant Stablecoins in Europe In a bold move towards regulatory compliance, Binance, one of the world’s largest cryptocurrency exchanges, has announced its decision to remove non-MiCA compliant stablecoins from its platform in Europe. This strategic shift comes in response to the Markets in Crypto-Assets (MiCA) regulations set forth by […]
Stolen Bybit funds laundered at alarming speed
Stolen Bybit Funds Laundered at Alarming Speed The recent security breach at Bybit has sent shockwaves through the cryptocurrency community, with the hacker managing to launder over half of the stolen Ethereum in record time. This brazen act has not only highlighted the vulnerabilities in the digital asset space but has also raised concerns about […]
SEC drops Gemini case
SEC Drops Gemini Case: What This Means for the Future of Crypto Regulation The Securities and Exchange Commission (SEC) has recently made a significant decision that is sending ripples through the cryptocurrency industry. The regulatory body has dropped the case against Gemini, a popular cryptocurrency exchange founded by the Winklevoss twins. This move comes as […]
Crypto exchange Bybit loses $6 billion in two days
Crypto Exchange Bybit Faces Major Setback: Loses $6 Billion in Two Days Crypto exchange Bybit recently experienced a significant loss of $6 billion in just two days, sending shockwaves through the digital currency market. This turn of events has once again brought to the forefront the concerns surrounding security and liquidity in the volatile world […]
KuCoin applies for MiCA licence to expand in Europe
KuCoin Seeks MiCA Licence to Strengthen Presence in Europe In the ever-evolving world of cryptocurrency, regulatory compliance plays a pivotal role in determining the success and longevity of digital asset service providers. As the Markets in Crypto-Assets (MiCA) framework takes shape to create a more harmonized regulatory environment across the European Economic Area (EEA), KuCoin […]
Nigeria demands $81.5 billion from Binance over taxes and currency impact
Nigeria’s Lawsuit Against Binance: Unpacking the $81.5 Billion Demand Nigeria, a country at the forefront of cryptocurrency adoption in Africa, has recently made headlines by filing a lawsuit against the global cryptocurrency exchange, Binance. The lawsuit, brought by Nigeria’s Federal Inland Revenue Service (FIRS), demands a staggering $79.5 billion in damages for alleged economic losses, […]
Kraken prepares for return to the Indian market
Kraken’s Strategic Moves to Re-Enter the Lucrative Indian Market Kraken, a prominent player in the cryptocurrency exchange industry, is gearing up for a significant comeback in the Indian market. This move comes after India’s Financial Intelligence Unit blacklisted Kraken and eight other exchanges due to non-compliance with Anti-Money Laundering (AML) laws. Despite this setback, Kraken […]
Binance restores US dollar services after 18-month freeze
Binance Restores US Dollar Services After 18-Month Freeze In a significant development for the cryptocurrency world, Binance has recently announced the restoration of its US dollar services after an 18-month freeze. This move comes as a relief for many users and investors who have been eagerly awaiting the resumption of these services since they were […]