In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,
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Coinbase, a prominent cryptocurrency exchange, recently came under fire for alleged breaches of campaign finance laws. A crypto researcher raised concerns regarding the company’s $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC), suggesting that this donation may have violated campaign finance regulations. The timing of this donation, coinciding with negotiations for
Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, has been a key player in the evolution of cryptocurrency regulation. His journey started in 2014 when he collaborated with Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance, Garcia’s persistence led
Bybit, a popular crypto exchange, recently announced its decision to cease operations in France due to regulatory issues. The exchange cited new developments from the French regulator, which have presented licensing obstacles. This move highlights the challenges faced by cryptocurrency exchanges in navigating complex regulatory environments. In response to the regulatory changes, Bybit expressed its
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
The Bahamas Securities Commission recently announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) with the aim of providing regulatory clarity for the country’s digital assets industry. This legislation comes nearly two years after the collapse of FTX, the exchange that was headquartered in the Bahamas in 2022. The goal
Recently, WazirX conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack raised concerns within the crypto community, as it targeted the exchange’s signers and a custody service provider, Liminal. The investigation revealed that compromised hardware wallets were likely the cause of the breach, contradicting the initial belief that
Two prominent crypto companies, Coinbase and Revolut, recently found themselves on opposite ends of the spectrum when it came to dealing with the UK authorities. The UK’s Financial Conduct Authority (FCA) imposed a fine of £3.5 million ($4.5 million) on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for violations related to Anti-Money Laundering
The crypto industry has been facing various challenges under the current administration, as discussed by Andreessen Horowitz founders Ben Horowitz and Marc Andreessen. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out regulatory hurdles that are hindering innovation and growth. The lack of clear guidance from the Securities and Exchange Commission
Save, formerly known as Solend, has recently rebranded and relaunched its platform on Solana to offer a wider range of financial products and services to its users. This strategic evolution signals a new chapter for the platform as it aims to provide enhanced financial opportunities for the Solana community. The rebranding to Save comes after