Tag: Cryptocurrency
Apple Removes Leading Crypto Exchanges from Indian App Store Amid Regulatory Pressure
In a significant move, Apple has removed several major offshore cryptocurrency exchanges, including Binance, KuCoin, and OKX, from its App Store in India. This decision comes in the wake of…
German Court Issues Jail Sentences in OneCoin Crypto Scam Case
In a significant legal development, a German court in Münster has pronounced verdicts and jail sentences for key figures implicated in the notorious OneCoin cryptocurrency scam. Frank Ricketts and his…
SEC’s Official Twitter Account Hacked, Raises Market Manipulation Concerns
In a shocking turn of events, the official Twitter account of the U.S. Securities and Exchange Commission (SEC) was compromised, leading to the dissemination of a false announcement about the…
South Korea’s Crypto Sector Takes Proactive Measures: Tax Authority and Exchanges Unite to Prevent Illicit Transactions
In a collaborative effort to curb illegal foreign transactions involving cryptocurrencies, South Korea’s tax authority, the Korea Customs Service group, and five major crypto exchanges, including Bithumb Korea, Coinone, Korbit,…
Bank of Spain Partners with Cecabank, Abanca, and Adhara Blockchain for CBDC Experimentation
In a noteworthy development, the Banco de España, Spain’s central bank, has disclosed its collaborative choices for the testing phase of its central bank digital currency (CBDC) initiative. After reviewing…
CoinDCX Witnesses Soaring Deposits Amidst Regulatory Shift
In the wake of India’s financial authorities cracking down on major offshore exchanges, including Binance, CoinDCX, the country’s prominent crypto exchange, has reported an astonishing 2000% surge in deposits. The…
Binance Enhances Token Transparency with Monitoring Tags on 10 Cryptocurrencies
In a strategic move to enhance transparency and provide users with a more comprehensive understanding of listed tokens, Binance, one of the world’s leading cryptocurrency exchanges, is set to introduce…
South Korea Proposes Credit Card Ban for Crypto Purchases Amid Growing Concerns
In a move signaling heightened regulatory scrutiny, South Korea’s Financial Services Commission (FSC) has put forth a proposal to amend the Enforcement Decree of the Credit-Specialized Financial Business Act. The…
Indian Crypto Exchange CoinDCX denies issues with its app, blames fraud sites and apps
A story by local media reported several accusations against CoinDCX sparked the start of the debate. Two complainants, a 24-year-old engineer, and a 36-year-old businessman, described their upsetting interactions with…
China’s Crackdown on Cryptocurrency Corruption: A Battle Against Cold Storage Exploitation
Official Chinese media have voiced concerns over corrupt officials exploiting cryptocurrency’s cold storage for illicit cross-border transactions, prompting a comprehensive government strategy. In a recent development, official Chinese media outlets…
UK Unveils Regulatory Framework for Digital Securities Sandbox, Effective January 2024
The United Kingdom has taken a significant stride in shaping the future of its digital assets sector with the introduction of new regulations governing the Digital Securities Sandbox (DSS). This…
Terra Classic (LUNC) Community Approves the Proposal on Halting the Minting and Reminting of USTC
The Terra Classic (LUNC) community has recently made a significant decision to reshape the trajectory of the project. They have officially approved the proposal to cease the process of minting…
Bitcoin Bulls getting restless as $BTC continues to trade in a narrow range
Bitcoin’s price has begun to decline after hitting a wall at the $27,500 mark. The digital asset has been having difficulty lately, failing to break through the $27,500 barrier. As…
UK House of Lord Passes Bill to Confiscate Digital Assets Related to Criminal Activities
In an attempt to combat illicit cryptocurrency activities, the United Kingdom has passed a bill that aims to expand the ability of the authorities to target those who use digital…
Google Announces an Update in its Cryptocurrency Advertisement Policy Permitting NFT Games Ad from September 15
The market for cryptocurrency and non-fungible tokens (NFTs) is growing at an exponential rate with even major companies like Google recognizing its significance. As per Google’s recent announcement on the…
Offchain Labs Launches Arbitrum Stylus Supporting Multiple Programming Languages on Ethereum
There are several new blockchain projects which have emerged to address the limitations of the traditional blockchain technology. While some projects work to enhance the transaction time and lower the…
Binance Launches Its New Platform to Transfer Cryptocurrencies, Send Cash, Tapping the Latin America Market
The cryptocurrency market is the hubspot for innovation and technological advancement. Most cryptocurrency projects offer a novel solution to their users aiming to address and resolve their problems. One such…
PM Modi stresses “integrated approach” toward cryptos at B20 Summit
India’s Prime Minister Narendra Modi called for a global framework on cryptocurrencies and the ethical use of pioneering technology like artificial intelligence. Modi made the statement while addressing a gathering…
Hong Kong police arrest 458 in laundering proceeds of 314 crimes
The Hong Kong Police recently arrested 458 persons in connection with a massive organized money laundering scam. The scam was busted following a sting operation coordinated by the Triad. According…
Binance Lab Announces its investment in Delphinus Lab, a Prominent Infrastructure Provider in zkWASM Space
The ever-evolving landscape of blockchain and cryptocurrency has witnessed another significant step forward with Binance Lab, the venture capital arm of Binance investing in Delphinus Lab, a leading infrastructure provider…