The Central Bank of the United Arab Emirates (CBUAE) recently issued new guidelines for virtual asset service providers (VASPs) in the country, aiming to crack down on unlicensed operations. The move comes as part of the UAE’s efforts to improve its standing on the Financial Action Task Force’s (FATF) “grey list.” The published guidelines outline […]
Binance, a leading cryptocurrency exchange, has unveiled its latest Web3 wallet feature, now accessible to all its users through the Binance mobile app. The launch took place during the Binance Blockchain Week conference in Istanbul, where CEO Changpeng “CZ” Zhao highlighted the significance of the new service. In his statement, CZ emphasized the broader role […]
In an X post, US Securities and Exchange Commission Chairman Gary Gensler reminded crypto companies to comply with securities laws, by not defrauding investors. Gensler did this to commemorate the 15th anniversary of the Bitcoin whitepaper. Gensler also asked whether the creator of the first cryptocurrency Bitcoin, Satoshi Nakamoto, could be identified in a Halloween […]
The prices of Bitcoin and other top cryptocurrencies were observed to experience mixed movements on Friday (3/11/2023). The majority of top cryptocurrencies were observed to be in the red zone again. Based on data from Coinmarketcap, the cryptocurrency with the largest market capitalization, Bitcoin (BTC), weakened 1.40 percent again in 24 hours, but still strengthened […]
Render (RNDR) recently caught attention due to a surge in its price following Bitcoin’s rise to $35,000. Currently priced at $2.48, RNDR demonstrated a notable 64% increase over the last 30 days. Santiment, an on-chain analytics platform, highlighted RNDR’s substantial growth, attributing it to increased network activity and interaction among large investors. These activities pushed […]
The Bloomberg Billionaires Index cut its revenue forecast at crypto exchange Binance by 38 percent after the latest data showed volume at the company declined this year. Reporting from Yahoo Finance, Monday (30/10/2023), this wiped out USD 11.9 billion or the equivalent of IDR 189.5 trillion from the wealth of Binance founder Changpeng Zhao, known […]
In pursuit of gaining approval for a Bitcoin exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC), VanEck, a New York-based asset manager, has resubmitted an updated application. This application showcases an innovative approach to fund seeding that distinguishes it from other contenders in the spot Bitcoin ETF market. VanEck faced setbacks earlier, […]
A Bitcoin exchange-traded fund (ETF) seems destined for Wall Street, and while many anticipate this as a positive for the crypto industry, there are differing opinions. Some believe that its approval, after a decade-long wait, will draw institutional investors and propel Bitcoin’s price to new highs. However, not everyone shares this optimism. There’s a concern […]
Crypto Giant Bittrex Bows Out: The Rise and Fall of a Once-Dominant Exchange Amid Regulatory Turmoil
Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]
Crypto Giant Bittrex Bows Out: The Rise and Fall of a Once-Dominant Exchange Amid Regulatory Turmoil
Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]