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Cryptocurrency exchange Binance recently found a way to resume services in Belgium, despite being banned in the country this summer. While the regulatory details are complex, the incident highlights broader lessons about how Bitcoin and the crypto industry are interfacing with evolving oversight in Europe. In June, Belgium's
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The Securities and Exchange Commission (SEC) recently charged entertainment company Impact Theory for allegedly selling unregistered securities in the form of non-fungible tokens (NFTs). While the implications of this enforcement action are still unfolding, it signals increased scrutiny of NFT projects by regulators and raises questions about how it could
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Binance, the largest global crypto exchange, recently stopped allowing peer-to-peer (P2P) trades using Banco de Venezuela (BDV). This shocked users in Venezuela, where BDV is the nation's dominant bank. While Binance hasn't explained its reasoning, the move may push Venezuelans toward decentralized forms of money like
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The crypto industry's years-long quest to launch a spot Bitcoin exchange-traded fund (ETF) in the US appears closer than ever after a series of promising developments. Major firms like BlackRock and Fidelity filing new applications, along with a legal win for Grayscale, have reignited hopes of SEC approval
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Switzerland-based SEBA Bank received preliminary approval to offer cryptocurrency services in Hong Kong. This represents a significant step in SEBA's Asia expansion plans. More importantly, it demonstrates growing adoption of digital assets within mainstream finance. While Hong Kong aims to increase crypto oversight, SEBA's presence may
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A new proposal from the U.S. Department of the Treasury and IRS aims to increase oversight of cryptocurrency transactions. The regulations, stemming from last year's infrastructure bill, would require crypto brokers to send tax form 1099-DA to the IRS and investors beginning in 2026. This expanded reporting
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Enterprise software giant SAP and cloud leader Google Cloud announced an expanded collaboration this week, aiming to harness emerging technologies like blockchain and artificial intelligence (AI) for business. While not a direct Bitcoin announcement, the news exemplifies growing traction for decentralized data and blockchain solutions among major corporates. This has
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Hong Kong is rolling out the welcome mat for cryptocurrencies, a move that could have huge implications for mainstream Bitcoin adoption. The city recently issued its first licenses for retail crypto exchanges under a new regulatory regime. It's part of a broader push to re-establish Hong Kong as
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A recent data breach at risk advisory firm Kroll has shone a spotlight on lingering vulnerabilities in cryptocurrency security, especially risks from SIM swap attacks. Kroll disclosed last week that an attacker hijacked a company phone number via a SIM swap, gaining access to sensitive personal information on claimants in
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Bitcoin saw a surge of over 7% on Tuesday following a landmark court ruling that sides with crypto giant Grayscale in its legal battle with the SEC over converting its popular Bitcoin Trust into an exchange-traded fund (ETF). The price of bitcoin jumped to over $27,800 shortly after the
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Retail trading platform Robinhood recently ended its crypto market making partnership with Chicago quant trading firm Jump Trading according to insider sources. Jump helped power Robinhood's no-fee crypto exchange business since 2018 by providing liquidity and trade execution. However, increased regulatory scrutiny on market makers has led Jump
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Leading Indian crypto platform CoinSwitch recently laid off around 7% of its workforce, largely from customer support roles. This comes as the broader crypto markets enter an extended bear period in 2023, with prices down 60-80% across major assets like Bitcoin from all time highs last year. In this environment,
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Cryptocurrency financial services firm Genesis recently struck a tentative debt repayment agreement as part of its ongoing bankruptcy proceedings. While details remain fluid, the case highlights paths for the crypto industry to emerge from the current downturn. Genesis filed for Chapter 11 bankruptcy protection after the 2022 crypto market crash
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Researchers from the University of Cincinnati recently developed a crypto literacy scale (CLS) to standardize measurement of knowledge related to cryptocurrencies. The CLS provides a framework to quantify crypto understanding separate from traditional financial literacy. With crypto adoption still in its early stages, focused education initiatives informed by the CLS
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Elon Musk's social media company X took a major step towards enabling crypto payments by receiving approval for a digital currency license in Rhode Island last week. The license will allow X to provide custody, transfer and exchange services for both fiat currencies and digital assets. While X&
ZTX
With a massive legacy user base to build upon, the on-chain metaverse project tested out a pilot initiative to bridge its Web2 and Web3 platforms Singapore, August 29, 2023: ZTX, the pioneering Web3 virtual world and creator platform, has exhibited the strength of its reach by successfully executing a user