OKX SG, the Singaporean entity of the crypto exchange OKX, made a significant move by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it allows businesses to operate without daily or monthly transaction limits. Companies seeking this license must meet specific
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In a groundbreaking turn of events, a London resident named Habibur Rahman has found himself in legal trouble for operating a Bitcoin ATM without the proper registration. Rahman, who resides in Langdon Crescent, East Ham, was taken into custody following a raid by Kent Police at a gadget shop in Chatham on April 28, 2023.
Peter Diamandis, the founder of X Prize and Singularity University, recently posed a thought-provoking question to his 262K+ followers regarding the reliability of Bitcoin. Many responses highlighted the fact that Bitcoin has maintained its promise and functionality for 15 years without fail. One notable reply pointed out that Bitcoin has consistently executed new blocks of
Semilore Faleti, a cryptocurrency writer, has made a name for himself in the world of journalism and content creation. He has displayed a particular talent for delving into the complexities of blockchain technology and cryptocurrency, demonstrating a deep understanding of these intricate systems. Semilore’s passion for digital assets is evident in his advocacy for the
Opeyemi is a writer who has found his passion in the realm of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply involved in it for over two years now. His interest lies in unraveling the complexities of blockchain technology and staying updated on the latest trends in the world of
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently announced a partnership with Standard Chartered, a multinational banking institution, to offer fiat services to retail users globally. This partnership will allow users to deposit and withdraw the United States dollar (USD), the euro (EUR), and the United Arab Emirates Dirham (AED) on the Crypto.com
The recent Wells notice sent by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC is suggesting that some NFTs traded on OpenSea could be classified as unregistered securities, potentially implicating the platform itself in illegal activity. This has sparked a debate about whether
In an exciting development for football fans, NFL Rivals has announced a new partnership with the Kansas City Chiefs, the reigning champions of Super Bowl LVIII. As the “Official Mobile Game of the Chiefs,” NFL Rivals will bring fans a host of engaging opportunities to interact with their favorite team throughout the upcoming NFL season
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently unveiled tax reforms aimed at fostering the development of startups in the Web3 and blockchain sectors. This announcement was made during the WebX Conference, Tokyo’s premier event dedicated to cryptocurrencies, highlighting Japan’s strong support for Web3 innovation. Saito used this platform to emphasize the government’s
Recent findings by TRM Labs have brought attention to the concerning trend of illicit activity at crypto ATMs. The report highlighted that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a sharp increase in 2023. The lack of stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols at