On January 27, 2024, KuCoin, a prominent cryptocurrency exchange founded in 2017, reached a significant settlement with the U.S. Department of Justice (DOJ) by pleading guilty to operating an unlicensed money-transmitting business. This plea underscores a pivotal moment not only for KuCoin but also for the broader cryptocurrency landscape, especially relating to compliance and regulatory
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Ripple, a major player in the blockchain and cryptocurrency industry, has recently made headlines with its acquisition of two Money Transmitter Licenses (MTLs) in the crucial states of New York and Texas. This strategic move expands Ripple’s presence significantly in the United States, increasing its total number of MTLs to 31 across the country. New
The recent establishment of the Senate Banking Subcommittee on Digital Assets marks a significant turning point in the United States’ engagement with blockchain technology and cryptocurrencies. Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair, positioning her at the forefront of efforts to create a crucial regulatory framework for this rapidly evolving sector.
The world of cryptocurrencies is experiencing unprecedented growth and volatility, with Bitcoin (BTC) at the forefront of this digital revolution. As Bitcoin’s price hovers around its previous peak of December 17, there is an increased focus from political figures in the United States on how cryptocurrency can be harnessed for national economic strategies. Notably, recent
In a groundbreaking announcement, Binance, the world’s leading cryptocurrency exchange, reported that its user base engaged in a staggering $26 billion worth of peer-to-peer remittances from 2022 to 2024. This achievement has not only highlighted the growing adoption of crypto as a viable alternative for traditional remittance channels but also underscored how these transactions have
The legal tussle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has gained fresh momentum as the SEC has recently filed an appeal against a previous court ruling that favored Ripple. This situation has its roots in a dispute that began back in December 2020, revolving around the classification of XRP,
The cryptocurrency BONK has captured attention with its recent price movements, particularly as it approaches a pivotal support level. Analyzing this situation calls for a closer look at the technical indicators and market trends that could dictate the future trajectory of its price. As of now, BONK is trading at approximately $0.00002863, reflecting a 5%
On January 16, Nasdaq made headlines by submitting a 19b-4 Form to facilitate the listing and trading of a spot Litecoin (LTC) exchange-traded fund (ETF), which has been registered by Canary Capital. This move marks a pivotal moment in the crypto space, as analysts suggest that it represents the first step toward the approval of
In July 2024, Indian cryptocurrency exchange WazirX fell victim to a staggering $230 million hack, prompting immediate action from the firm’s executives and stakeholders. In a bid to recover stolen assets, WazirX has been proactive in its measures, recently announcing the freezing of $3 million in USDT (Tether). This significant step was highlighted in a
On January 16, 2024, Coinbase announced a strategic collaboration with Morpho, a prominent player in the money market sector, aimed at providing innovative financial services within the cryptocurrency ecosystem. This partnership introduces a groundbreaking service that allows Coinbase users to secure loans in USD Coin (USDC) against Bitcoin (BTC) as collateral. The loans will be