The Australian Securities and Investments Commission (ASIC) has taken legal action against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia. ASIC alleges that Bit Trade failed to comply with the design and distribution obligations for its margin … Continue reading ASIC Targets Margin Trading Product on Kraken Exchange as Bit Trade Faces Civil Proceedings

In a stern declaration that has sent shockwaves through the crypto industry, David Hirsch, the United States SEC crypto enforcement chief, has issued a clear warning that more punishment and charges are imminent. Hirsch’s message comes at a time when … Continue reading SEC Crypto Enforcement Chief Issues Warning: More Punishment and Charges Loom for Crypto Industry

Paul Brody, the Blockchain Lead at Ernest & Young, one of the world’s top auditing firms, voiced his opinion regarding private blockchains and their potential demise in the face of increasing protocols on public networks, particularly Ethereum. The Real World … Continue reading The Endorsement of Public Networks by a Leading Blockchain Expert

A former executive of Deutsche Bank, one of Germany’s renowned financial institutions, has been handed a 30-year prison sentence for his involvement in a cryptocurrency fraud scheme. The case, brought forward by the US Department of Justice (DOJ), highlights the … Continue reading Former Deutsche Bank Executive Sentenced to 30 Years in Crypto Fraud Scheme

Binance, the world’s leading cryptocurrency exchange, is currently facing withdrawal restrictions for a small portion of its European Union (EU) users due to the impending end of its partnership with payment giant Paysafe. Although Paysafe’s support services are scheduled to … Continue reading Binance EU Users Face Withdrawal Restrictions Amid Paysafe’s Imminent Departure

Stablecoin issuer Circle has recently introduced the USD Coin (USDC) on the Polkadot network. This expansion now allows the native operations of the USDC token on 14 different blockchain networks, including notable platforms such as Ethereum, Solana, and Avalanche. Polkadot … Continue reading Circle Launches USD Coin (USDC) on Polkadot, Expanding Native Operations to 14 Blockchain Networks

The global adoption of cryptocurrencies, including Bitcoin and Ether, has been on the rise. South Korea, in particular, has witnessed a significant surge in cryptocurrency ownership among its citizens. With the recent tweaking of tax policies, the country now requires … Continue reading South Korea’s Increase in Crypto Adoption Reflects in Overseas Assets

In a recent report, it was revealed that Apple, the tech giant, had been developing a stock trading app in collaboration with banking institution Goldman Sachs. This news sparked rumors across social media platforms about a potential listing of Bitcoin … Continue reading Apple Joins Forces With Goldman Sachs, But Project Is Stillborn?

Stanford University, one of the United States’ most prestigious higher education institutions, has made the decision to return all donated funds received from the now-defunct cryptocurrency exchange, FTX. The move follows a lawsuit aimed at recovering these funds. Why Stanford … Continue reading Stanford University Agrees to Return Donated Funds from FTX in Recent Lawsuit

In a bid to eradicate the growing problem of bots on the X platform, billionaire entrepreneur Elon Musk has hinted at the possibility of turning the social media platform into a pay-to-play service. This drastic move is aimed at deterring … Continue reading Paying to Play: Elon Musk Considers Turning X Into a Paywalled Platform