Singapore’s Monetary Authority (MAS) has unveiled a robust regulatory framework for digital payment token service providers (DPTSPs) to enhance governance and operational standards in the cryptocurrency sector. This move is aligned with MAS’s commitment to ensuring a secure digital finance environment. A key focus of the new regulations is the protection of retail investors. MAS […]
HashKey Exchange, operating in Hong Kong’s regulated crypto market, experienced a significant spike in daily trading volumes, reaching approximately $4.5 billion. The surge was linked to the company’s HSK rewards campaigns, where users could earn HSK tokens or EcoPoints. While some speculated about potential wash trading, HashKey emphasized adherence to regulatory standards and denied any […]
In the dynamic realm of decentralized currencies, the interplay between transaction fees and block rewards forms the bedrock of Bitcoin’s functionality. This intricate relationship, encapsulated in the Bitcoin Fee-To-Reward Ratio, is pivotal for upholding the integrity of the blockchain and incentivizing network participants. In this comprehensive guide, we delve into the nuances of this ratio […]
Summary: In a recent development, the individuals behind the $8.5 million hack of Platypus Finance in February 2023 have been cleared of criminal charges by a French court. The court ruled that their use of a flawed smart contract did not constitute fraud. The defendants, identified as Mohammed and Benamar M., were arrested a week […]
SoFi, the financial services platform that introduced cryptocurrency trading in 2019, has announced its decision to exit the crypto business due to increased regulatory scrutiny in the sector. The company has disabled new account creation and is giving existing users a three-week window to migrate their crypto accounts to Blockchain.com. After this period, accounts will […]
United States District Judge Robert Shelby has issued a strong warning to Securities and Exchange Commission (SEC) lawyers, indicating potential sanctions for alleged deceptive statements in a legal case against Digital Licensing Inc., also known as DEBT Box, a prominent cryptocurrency company. The SEC had filed a lawsuit against DEBT Box in a federal court […]
In a notable trend, Australians are increasingly turning to cryptocurrency for their retirement planning, with self-managed retirement funds experiencing a remarkable 400% surge in cryptocurrency allocations over the past four years. This growth has outpaced traditional stocks and bonds, according to recent statistics released by the Australian Tax Office (ATO) on November 26. As of […]
In the latest crypto developments, Federal Reserve Chair Jerome Powell has become a focal point. Powell expressed optimism about the Fed’s progress, balancing the risks of slowing the economy with controlling inflation. The “soft landing” scenario seems likely, with strong job growth and cautious steps amid economic uncertainty. In other news, Coinbase CEO Brian Armstrong […]
El Salvador’s President Nayib Bukele, known for championing the recognition of Bitcoin as legal tender, has stepped down to focus on his 2024 re-election bid. The move, approved by the Legislative Assembly, led to the appointment of Acting President Claudia Rodríguez de Guevara, the country’s first female head of state, who is set to serve […]
The U.S. Securities and Exchange Commission (SEC) is currently engaged in a legal battle with major cryptocurrency platforms, Kraken and Coinbase, over alleged violations of trading rules. This clash highlights the SEC’s struggle to apply traditional regulations to the dynamic and evolving world of digital assets, leading to conflicts and concerns within the crypto community. […]