Crypto

FTX, the cryptocurre­ncy exchange, has taken strate­gic legal action by filing a lawsuit against Bybit, a crypto trading firm, and two related corporate­ entities. The lawsuit alleges that these platforms gained advantages from FTX. It aims to retrieve around $953 million in funds and assets the accused parties allegedly withdrew. FTX claims that Mirana Corp, Bybit’s investme­nt […]

The popular crypto platform Binance will stop accepting Russian rubles. Formally, local currency is ending on November 15, 2023. Indeed, this concurs with Binace’s strategy of exiting the Russian market. In September, it will sell its Russian business to CommEx and subsequently move on to Stage Two. It means that since Friday, Binance notified its […]

Swiss investment banking company UBS Group AG has joined other banks, like HSBC Holdings Plc, in permitting Hong Kong-based clients to trade crypto-linked exchange-traded funds (ETFs). This decision aligns with Hong Kong’s efforts to become a hub for digital assets. Wealthy clients will be given access to three crypto-futures ETFs on UBS’s Hong Kong platform […]

Hong Kong, a historic financial hub, shifted focus to crypto retail, departing from its traditional money exchange reputation. The city is discussing involving retail investors in a crypto world through spot exchange-traded funds. This act is also in line with the aspirations of Hong Kong seeking to affirm its status as a vibrant crypto center. […]

PayPal UK has scored a major win in the­ cryptocurrency world. It’s now registere­d with the UK’s Financial Conduct Authority (FCA). This moves PayPal UK Limited closer to performing particular cryptoasset tasks within the­ UK. If a business wants to get involved in this marke­t, it must have re­gistration approval. Plus, it must follow the […]

Bitcoin has returned to attention due to a surprising comeback. Digital asse­t investments saw an impressive­ increase of $326 million within seve­n days. This extraordinary boost, the biggest since­ July 2022, mirrors heightened positivity from inve­stors. Much of this optimism is heavily influenced by ide­as that the US Securities and Exchange­ Commission (SEC) is close […]

Shiba Inu Token, the digital asset that has been on a rollercoaster ride in the crypto market, has once again grabbed the attention of the community due to a mysterious whale’s substantial token transfers, as revealed by Etherscan.io data. Shiba Inu’s Future Plans and Whale Activity In the last 24 hours, an enigmatic whale made […]

Thailand’s second-largest bank by assets, Kasikornbank, gets into crypto with a majority investment in the local crypto business, Satang. One of the biggest Thai banks – Kasikornbank, has decided to buy a controlling share of Satang, a local crypto company. As announced yesterday by SET, Kasikorbnak – also known as KBank – took a 97% […]

Eyeball-scanning crypto project Worldcoin, co-founded by Sam Altman, the CEO of OpenAI, announced on Oct. 22 that the Orb Operators, individuals responsible for iris scanning, would receive rewards in its native Worldcoin (WLD) token, instead of USD Coin (USDC). The transition, scheduled to take effect in November, comes amid increased scrutiny from various authorities regarding […]