Tech

8 January

Coinbase Wins Appeal, Halts SEC Lawsuit Progress in Major Legal Victory

In a significant development for both the cryptocurrency industry and Coinbase, the U.S. Court of Appeals has ruled in favor of the exchange, halting the progress of the Securities and Exchange Commission’s (SEC) lawsuit. This decision marks a pivotal moment in Coinbase’s ongoing legal battle with the regulator, which has raised questions about the classification of digital assets and the …

8 January

Kazakhstan Shuts Down 3,500 Unlicensed Crypto Exchanges Linked to Crime and Fraud

In a decisive move to combat financial crime and enhance regulatory oversight, Kazakhstan’s financial authorities have announced the shutdown of 3,500 unlicensed cryptocurrency exchanges operating within its borders. The crackdown is part of the country’s broader strategy to address the growing concerns over the use of cryptocurrencies for illegal activities, including money laundering, fraud, and financing criminal enterprises. Unlicensed Exchanges: …

8 January

Traders on Edge as South Korean Crypto Exchanges Prepare to Delist Meme Coins and Kimchi Coins

In a major development shaking the local cryptocurrency market, South Korean crypto exchanges are reportedly set to delist meme coins and “Kimchi coins,” triggering concerns among traders. The decision comes as part of the country’s ongoing efforts to regulate the digital asset market and crack down on speculative trading practices, particularly in highly volatile altcoins. The Delisting Wave South Korean …

8 January

Telegram Increases US User Data Compliance After CEO’s Arrest in France

In a significant shift, messaging platform Telegram has reportedly ramped up its compliance with U.S. authorities’ requests for user data, following the arrest of its CEO, Pavel Durov, in France. The move marks a departure from Telegram’s previous stance on user privacy, raising questions about the platform’s future direction amidst growing regulatory pressure. The Arrest and Its Impact Pavel Durov, …

8 January

Bhutan’s ‘Mindfulness City’ Adds BNB, BTC, ETH to Strategic Reserves

In a groundbreaking move, Bhutan’s ambitious “Mindfulness City” initiative has announced the inclusion of major cryptocurrencies—BNB, Bitcoin (BTC), and Ethereum (ETH)—in its strategic reserves. This decision marks a significant milestone in Bhutan’s exploration of digital assets and their potential role in the country’s future economic and social landscape. Mindfulness City: A Vision for the Future The Mindfulness City project, which …

8 January

Thailand to Test Cryptocurrency Payments in Phuket, Says Deputy PM

Thailand is set to become one of the first countries in Asia to pilot cryptocurrency payments in a major tourist hub, with the government announcing plans to test digital currency transactions in Phuket. Deputy Prime Minister, Supattanapong Punmeechaow, revealed that the initiative is part of the nation’s broader strategy to integrate digital assets into its economy, especially in tourism. Phuket …

8 January

Bitfinex Derivatives Earns DASP License to Launch in El Salvador

Bitfinex Derivatives, a leading platform for cryptocurrency derivatives trading, has officially secured a Digital Asset Service Provider (DASP) license to operate in El Salvador. This milestone marks a significant expansion for Bitfinex as the country continues to establish itself as a global hub for crypto innovation and adoption. A New Chapter for Bitfinex in El Salvador The DASP license allows …

8 January

Ark Invest’s Crypto Chief Yassine Elmandjra Parts Ways with the Firm

Yassine Elmandjra, the head of digital assets at Ark Invest and one of the most prominent voices in the cryptocurrency investment space, has reportedly left the firm. This departure marks a significant change for Ark Invest, known for its forward-looking strategies in disruptive technologies, including blockchain and digital assets. A Key Architect of Ark’s Crypto Vision Elmandjra played a pivotal …

8 January

Bitcoin Drops Below $97K: Is the Bull Run Running Out of Fuel?

The cryptocurrency market faced a significant setback as Bitcoin slipped below the $97,000 mark, sparking concerns about the sustainability of its recent bull run. This price drop comes amid heightened market volatility and a series of external economic factors weighing on risk assets. What Triggered the Drop? Bitcoin’s decline follows a period of optimism where it rallied on hopes of …

8 January

Ignoring Bitcoin Poses Greater Risk Than Adopting It, Says Fidelity

Global financial powerhouse Fidelity has stirred debate with its latest report, asserting that nation-states risk more by ignoring Bitcoin than by allocating a portion of their reserves to it. The report underscores the growing relevance of cryptocurrencies as a hedge against economic uncertainties and a potential tool for financial sovereignty. Key Insights from the Report Fidelity’s analysis highlights Bitcoin’s unique …