As part of their investigation into Terraform Labs, the authorities in South Korea have placed a hold on about 104.4 million dollars belonging to the company’s co-founder Shin Hyun-Seong. Reports from local media outlets indicate that the Seoul Southern District Court has placed a temporary freeze on the funds that are suspected of having been … Read more
Even though JPMorgan CEO Jamie Dimon has referred to cryptocurrencies such as Bitcoin as “decentralized Ponzi schemes,” the world’s largest financial firm has gone ahead and hired a new head of virtual assets financial regulation. According to a story from Bloomberg Law (1), Aaron Iovine, who formerly worked in a position quite similar to the … Read more
Binance is one of the biggest Crypto exchanges. However, it too is prone to making mistakes. A few days back, Binance had put forth a survey for its users regarding its products and services. It had announced that it would give a $ 10 BUSD vouchers to the survey responders. Around 4000 people respond to the survey. … Read more
On Monday, the cryptocurrency exchange known as Binance announced that it has begun offering “BUSD Auto-Conversion.” Customers will be able to convert any existing user balances and new deposits of four different stablecoins, including USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD), into the company’s native stablecoin, BUSD. This will effectively delist trading … Read more
According to Economic Secretary to the Treasury Richard Fuller, the United Kingdom aims to “become the country of choice for individuals wishing to create, innovate, and build in the crypto area.”(1) Earlier this week, during the first discussion on cryptocurrencies to take place in Westminster, Fuller remarked that “as crypto technologies expand in relevance,” the … Read more
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), stated on August 29 that Singapore intends to raise the entry hurdle into cryptocurrency trading for retail investors since these investors are “oblivious” to the risks that are connected with the activity. Menon claims that retail interest in cryptocurrencies is still quite high … Read more
In a move that has never been seen before, Tether (USDT) has disregarded penalties imposed by the Office of Foreign Assets Control (OFAC). Because OFAC does not indicate “that a stablecoin issuer is expected to freeze secondary market addresses,” the organization has made the decision to go against the recommendations of OFAC. As a result, … Read more
Crypto.com Has Obtained the Necessary Regulatory Approvals to Begin Operating in the United Kingdom Today, Crypto.com announced that it had received regulatory authorization to operate as a cryptocurrency business from the Financial Conduct Authority (FCA) in the UK. The file that was made with the FCA indicates that the exchange is registered under the name … Read more
According to the authorities, customers in South Korea could lose access to over a dozen cryptocurrency exchanges as a result of recent actions taken by local authorities to crack down on foreign companies that are operating illegally in the country without obtaining the required registration. According to a news statement published by the Financial Services … Read more
Vitalik Buterin, one of Ethereum’s co-founders, has dropped hints that the much-anticipated integration ‘The Merge’ could take place around the 15th of September. The merge, which refers to the shift from a proof-of-work (PoW) consensus method to a proof-of-stake (PoS) consensus mechanism, is widely considered to be the most significant software upgrade in the Ethereum … Read more