China Central Television recently aired a segment on virtual assets that caught the attention of people worldwide. The brief segment featured bitcoin, nonfungible tokens, and announced the implementation of a mandatory licensing system for virtual asset trading platforms by Hong Kong’s Securities and Futures Commission starting June 1. Guidelines for Virtual Asset Trading Platforms As
UPbit, a leading South Korean cryptocurrency exchange, announced that the Digital Asset Exchange Association (DAXA) had removed investment warnings on KAVA and WAVES and resumed deposits for these assets. Earlier, DAXA had issued warnings about KAVA and WAVES after stablecoins linked to them were discovered to be “not normally linked to 1 dollar”. The South
Ledger, a popular hardware wallet manufacturer, recently launched a new feature called Ledger Recover. This feature allows users to “share” their wallet seeds with three different parties for added security in case of loss or damage to the device. However, concerns were raised within the crypto community that this could potentially lead to government access
The National Anti-corruption Bureau of Ukraine (NABU) has joined forces with the United States Embassy to explore the country’s cryptocurrency sector in a bid to expose money launderers. The NABU has declared that its efforts will be supported financially by the US State Department’s Bureau of International Narcotics and Law Enforcement Affairs. NABU’s Cryptocurrency Investigation
Republican Senator Tim Scott has formally announced his candidacy for the US presidency, joining a list of candidates that includes former President Donald Trump. Scott, who is South Carolina’s first Black senator and the ranking member of the Senate Banking Committee, has been an advocate for digital assets regulation and consumer protection. He aims to
BlockFi, the bankrupt cryptocurrency lender, has released a letter asking its creditors to disregard certain statements that were prematurely made earlier this month regarding the plan to reorganize. The letter was directed by the court. BlockFi has retracted the statements that were posted on its website, court docket, and Twitter, saying that they were made
The South Korean crypto exchange, Coinone, has been involved in a listing scandal, which has led to four individuals being indicted, according to The JoongAng on May 21st. Coinone’s listing team leader, Kim Mo, and Coinone’s listing broker, Hwang Mo, were both indicted along with two others. Coinone’s former Chief Sales Officer (CGO), Jeon Mo-ssi,
Gemini, the New York-based cryptocurrency exchange, has been warned by the Philippines Securities and Exchange Commission (SEC) that it is operating its newly launched derivatives exchange without regulatory authorization in the country. The SEC issued an official warning to the exchange on May 18, claiming that the exchange has no legal right to operate in
Coinbase, a cryptocurrency exchange, is launching a new TV campaign in Washington DC this week to promote the future of cryptocurrency amid its ongoing fight with US regulators. The CEO of Coinbase, Brian Armstrong, stars in the almost two-minute-long video, in which he lays out the benefits of crypto and calls out its “naive view”.
The Securities Commission (SC) of Malaysia has ordered Huobi, a cryptocurrency exchange, to stop operating in the country for failing to register as a digital asset exchange (DAX). As per the Capital Markets and Services Act 2007, all exchanges must obtain licensing from Malaysia’s SC as a Recognised Market Operator (RMO), and Huobi’s failure to