Hong Kong authorities have arrested an internet celebrity for allegedly promoting the unlicensed cryptocurrency exchange known as JPEX. The arrest comes after more than 83 reports were filed against JPEX, resulting in an estimated loss of HK$34 million. The Securities and Futures Commission (SFC) has raised concerns about JPEX’s active promotion of its services without […]
SkyBridge Capital, led by Anthony Scaramucci, is racing to acquire Silicon Valley Bank’s venture capital arm, with the sale expected to happen soon. SVB Financial Group, the former parent company of Silicon Valley Bank, is getting closer to a deal to sell its venture capital division, SVB Capital. According to a report from The Wall […]
Blockchain analysis company Chainalysis released its fourth annual global crypto adoption index derived from its Geography of Cryptocurrency 2023 report. Chainalysis combines on-chain and real data to measure which countries lead the world in crypto adoption. There are 154 countries that are sources for evaluation. “We have designed a global crypto adoption index to identify […]
Hong Kong has once again been named the most crypto-ready location for widespread cryptocurrency use in 2023, maintaining its top position for the second consecutive year. A recent study assessed various factors, including the presence of cryptocurrency ATMs, businesses that accept cryptocurrencies, ease of access, and the legality of cryptocurrencies. This assessment revealed intense competition […]
PayPal Dives Deeper into Crypto Services PayPal is making bold strides in the world of cryptocurrencies, expanding its services beyond the introduction of crypto on-ramps (allowing customers to buy cryptocurrencies with fiat currency). Now, the company has unveiled a fresh offering that allows users to convert their crypto assets into fiat currency, creating an off-ramp […]
Open-source crowdfunding platform Gitcoin has announced a green-focused partnership with oil and gas giant Shell – and crypto pundits are no fans of the move. Shell will help develop “open-source climate solutions” through donations to Gitcoin’s grants program, and a Q4 hackathon “focused on blockchain-related energy use cases,” according to a press release from Gitcoin on the matter. […]
South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust. The broadcaster KBS reported that the arrests were carried out by the Seoul Metropolitan Police Agency’s Drug Crime Investigation. The suspects were charged with violating the Narcotics Control Act. Police said the suspects were thought to have bought […]
Canadian crypto custodian Prime Trust filed for bankruptcy under Chapter 11 of the United States Bankruptcy Act. Prime Trust filed for bankruptcy because it has greater liabilities or debts than the value of its assets. “The company intends to file a number of motions with the bankruptcy court designed to facilitate the company’s orderly evaluation […]
Apple Pay, with its expansive user base of approximately 507 million worldwide, has increasingly gained traction as a preferred method for acquiring crypto on self-custody wallets like MetaMask. Traditionally, utilizing Apple Pay on other platforms required users to navigate multiple steps and redirects to third-party platforms. Banxa, however, brings a game-changing development by making Apple Pay’s […]
Former President of the United States Donald Trump is known to have pocketed USD 250,000 to 500,000 or around Rp. 3.8-7.6 billion in assets in a cryptocurrency wallet, according to financial disclosures released last month. The assets, listed in what Donald Trump’s disclosure calls a “crypto-currency (Ethereum) wallet”. This asset appears to be related to […]