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Following the collapse of hedge fund company Three Arrows Capital (3AC), its founders, Kyle Davies and Su Zhu, went on to set up the OPNX exchange. However, recent development suggests that this new company may already be facing some challenges.  Dubai Regulators Come For OPNX Dubai’s virtual assets regulator VARA…

Binance, the world’s largest cryptocurrency exchange by trading volume, has recorded another significant milestone as it becomes licensed to render cryptocurrency services in El Salvador. Leading The Charge For Global Crypto Adoption Binance has become the first fully licensed cryptocurrency exchange in El Salvador, receiving both the first non-provisional Digital…

The United States Securities and Exchange Commission (SEC) has taken action to freeze the assets of Utah-based crypto firm Digital Licensing Inc., alleging involvement in a $50 million fraudulent crypto scheme. The SEC initiated an urgent legal intervention against Digital Licensing Inc., operating under the name “DEBT Box,” as well…

Binance, the world’s largest cryptocurrency exchange, has reached 150 million registered users on its platform. This new milestone comes as fresh air, especially as the exchange has faced global regulatory scrutiny in the past few months. This announcement came from CEO Changpeng Zhao (CZ), who mentioned the feat alongside other…

In a recent CNBC interview, Ripple President Monica Long announced the firm’s intentions to re-engage with the US market. This development follows the major court ruling clarifying that XRP, Ripple’s affiliated digital currency, is not considered a security in US. Long expressed her enthusiasm for the clarity the ruling provides….

In the wake of Binance’s recent virtual asset exchange approval in Dubai, the United Arab Emirates (UAE) has taken another significant step towards establishing itself as a leading hub for digital assets. Nomura Holdings has been granted a comprehensive crypto license for its subsidiary, Laser Digital Middle East FZE by the…

One of the largest exchanges in the world Crypto.com is one step ahead of competitor Binance as it announced on July 28 that it has successfully obtained regulatory approval to operate in the Netherlands, a region where Binance had previously failed to obtain the necessary license.  Crypto.com’s Approval A ‘Big…

BITmarkets has emerged as a comprehensive cryptocurrency exchange, offering both crypto-to-crypto and fiat-to-crypto functionalities. With a commitment to user-friendliness, security, and a diverse range of trading options, BITmarkets has garnered attention in the cryptocurrency market. This detailed review delves into the advantages and considerations of using BITmarkets, exploring its features,…

Over the past few years, there have been rising concerns about the use of cryptocurrencies for illegal activities. Although the majority of these are overestimated, there is no denying that there are some bad actors trying to take advantage of the technology’s decentralized nature. TRM Labs, a blockchain intelligence firm,…

Bitget, a leading crypto derivatives platform, has unveiled its plans to expand into the Middle East region. This step comes as part of the company’s move to gain a larger market share and expand globally.  Bitget To Consider Dubai As Operational Hub In The Middle East In a press release…

On July 10, BitOasis, the first crypto exchange to receive an operating license in Dubai, lost its license due to failure to meet mandated conditions. The Dubai crypto regulator Virtual Assets Regulatory Authority (VARA) suspended the license and issued two different alerts about the exchange which was granted the conditional…

In a recent report by Bank of America titled “Breaking New Ground: Harnessing Payments Innovation in APAC,” the role of Ripple Labs in the payments space in the Asia-Pacific (APAC) region has been acknowledged by the Bank of America. The report highlights the significance of blockchain technology in digitizing trade…

The South Korean government has ushered in an era of stricter regulation for digital assets with its latest Virtual Asset User Protection legislation. The law has been enacted as a response to a series of scandals that rocked the crypto market, including the implosion of coins created by Korean tech…

Switzerland looks set to join the growing list of nations conducting a Central Bank Digital Currency (CBDC) pilot. According to a report by Reuters, the Swiss National Bank (SNB) is set to begin a wholesale CBDC pilot in conjunction with the Swiss company SIX digital exchange.  This development was revealed…