Regulation
UK Launches Consultation on Implementing OECD Crypto Reporting Framework
The U.K. government believes implementing the reporting framework could draw in 35 million pounds ($45 million) from 2026. Source link
Regulation
Regulation
Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit
The crypto firm’s boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors. Source link
Regulation
Biden and Trump-Themed Meme Coins Take Center Stage on Solana
A new breed of meme coins have spawned on Solana this week with speculators hopping on a new wave of cartoonish coins focused around politicians and celebrities. Source link
Regulation
Hong Kong Reiterates Unlicensed Cryptocurrency Platforms Will Be Expelled by June
Unlicensed cryptocurrency platforms will not be allowed to operate in Hong Kong starting next June, according to the Securities and Futures Commission (SFC). The commission closed the period for these institutions to introduce their applications […]
Regulation
Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous […]
Regulation
European Crypto Exchange Bitstamp Receives In-Principle Approval in Singapore
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Regulation
Binance.US Cut Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
“In the immediate aftermath of the TRO, we saw somewhere in the neighborhood of $1 billion of assets flee the platform, crypto, and fiat,” Christopher Blodgett, a Binance.US executive, said during a December 2023 deposition […]
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SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications
The SEC wants to know if the applications for ETFs that hold Ethereum’s ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs. Source link
Regulation
Polygon Lands First User of New ‘AggLayer,’ Inking Deal With Astar Network
Astar, a blockchain network prominent in the Japanese Web3 community, said that its Astar zkEVM will be the first network to fully integrate into Polygon’s new AggLayer, a solution that connects blockchains with zero-knowledge proofs […]
Regulation
BlackRock’s IBIT BTC ETF Hits Record Volume
The ten ETFs topped $10 billion in trading volume during the session, breaking last week’s daily record, according to Bloomberg data compiled by Eric Balchunas, ETF analyst at Bloomberg Intelligence. BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s […]