Tech

7 February

Bybit, Bitget, MEXC, KuCoin Apps Disappear from Japan’s App Store

Several major cryptocurrency exchange apps, including Bybit, Bitget, MEXC, and KuCoin, have reportedly been removed from Japan’s Apple App Store, raising questions about regulatory compliance and enforcement actions in the country. Regulatory Pressure on Offshore Exchanges Japan has one of the most stringent regulatory frameworks for cryptocurrency exchanges, requiring all platforms operating in the country to register with the Financial …

7 February

Tornado Cash Developer Alexey Pertsev Released Under Supervision

Alexey Pertsev, the developer behind the controversial crypto mixer Tornado Cash, has been granted supervised release after spending months in custody. His arrest in August 2022 sparked debate within the cryptocurrency community about privacy, financial freedom, and regulatory overreach. Background on the Case Pertsev was detained by Dutch authorities on allegations of facilitating money laundering through Tornado Cash, a decentralized …

7 February

Franklin Templeton Seeks SEC Approval for New Crypto Index ETF

Global asset management giant Franklin Templeton is making another push into the cryptocurrency space, filing for regulatory approval of a new Crypto Index Exchange-Traded Fund (ETF). The move underscores the growing interest from traditional financial institutions in providing investors with exposure to digital assets through regulated investment vehicles. Expanding Crypto Offerings Franklin Templeton has been actively exploring blockchain and crypto …

7 February

Utah Moves Closer to Becoming First U.S. State with Bitcoin Reserve

Utah is on the verge of making history as the first U.S. state to hold Bitcoin in its treasury. A new legislative push is gaining momentum, signaling a shift in how governments perceive and adopt digital assets as part of their financial strategies. A Bold Move Toward Bitcoin Adoption State lawmakers are advancing proposals that would allow Utah to allocate …

7 February

House Republicans Unveil Draft for U.S. Stablecoin Regulations

House Republicans have introduced a discussion draft aimed at establishing a regulatory framework for stablecoins in the United States. The proposal seeks to bring clarity to the rapidly growing sector of digital assets while addressing concerns over financial stability, consumer protection, and innovation. Key Provisions of the Draft The draft outlines regulatory guidelines for issuers of stablecoins, including capital requirements, …

7 February

Solana’s DeFi & NFT Boom Fuels 213% Revenue Surge in Q4 2024 – Messari

Solana (SOL) saw an explosive 213% revenue growth in Q4 2024, driven by a surge in decentralized finance (DeFi) activity, non-fungible token (NFT) transactions, and growing institutional adoption, according to a new report from Messari. The blockchain’s continued expansion underscores its resilience and increasing dominance in the crypto ecosystem. Key Drivers of Growth DeFi Expansion – Solana’s decentralized finance sector …

7 February

Trump Media Expands: Files for ETFs and SMAs

Trump Media & Technology Group (TMTG), the company behind the conservative social media platform Truth Social, is making moves to expand its financial footprint. Recent filings reveal that TMTG is seeking approval for Exchange-Traded Funds (ETFs) and Separately Managed Accounts (SMAs), signaling a potential foray into the investment sector. What This Means for Investors By filing for ETFs and SMAs, …

6 February

Saudi Economist Calls for Unified Crypto Payment Rules Across Gulf States

A prominent Saudi economist has urged Gulf Cooperation Council (GCC) nations to develop a unified regulatory framework for cryptocurrency payments, emphasizing that a coordinated approach could accelerate the region’s financial innovation and safeguard its growing crypto market. The call for a single set of regulations comes amid increasing interest in digital assets from businesses and investors in the Middle East, …

6 February

IoTeX’s Larry Pang Appointed Co-Chair of Blockchain Association’s DePIN Working Group

In a significant move for the blockchain and decentralized networks sector, Larry Pang, the Chief Strategy Officer at IoTeX, has been appointed as the Co-Chair of the Blockchain Association’s DePIN (Decentralized Physical Infrastructure Networks) Working Group. This appointment highlights Pang’s growing influence within the blockchain space and underscores the importance of decentralized infrastructure in the future of blockchain technology. A …

6 February

Ex-Malaysian PM Mahathir’s X Account Hacked to Promote Meme Coins

In a shocking security breach, the X account of former Malaysian Prime Minister Mahathir Mohamad was hacked and used to promote meme coins. The breach has raised serious concerns about the vulnerability of high-profile social media accounts, as the hacker exploited Mahathir’s large following to spread links and advertisements for various digital tokens. Details of the Hack The hack occurred …