Ethena Labs Halts Operations in Germany in Response to Regulatory Scrutiny Ethena Labs, a prominent player in the crypto industry, recently announced the closure of its German subsidiary, Ethena GmbH. This decision comes as a response to the escalating regulatory pressure faced by crypto firms in Europe, particularly in light of the impending full implementation […]
South Korean crypto insiders criticise the stablecoin regulation bill
South Korean Crypto Insiders Criticize the Stablecoin Regulation Bill South Korea’s cryptocurrency market has been a hotbed of innovation and growth in recent years, with a particular focus on stablecoins. These digital assets, pegged to stable assets like the US dollar or gold, have gained popularity due to their ability to reduce price volatility in […]
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 […]
Coinbase pushes for clearer crypto banking rules
Coinbase Pushes for Clearer Crypto Banking Rules Coinbase, one of the leading cryptocurrency exchanges, is making headlines once again. This time, the company is taking a stand for clearer regulations surrounding crypto banking. The move comes in the midst of Coinbase’s ongoing legal battles with US agencies, where the exchange alleges that these regulatory hurdles […]