The cryptocurrency market is continually evolving, exhibiting dramatic shifts that reflect both participant strategies and broader economic realities. In 2024, the competitive landscape of centralized exchanges has seen notable movements. This article evaluates how firms such as Crypto.com have emerged triumphantly, while traditional powerhouses like Binance and OKX face challenges, shedding light on the implications
Marketing
The emergence of cryptocurrency has presented both opportunities and challenges for regulatory bodies around the world. In the United Kingdom, the Financial Conduct Authority (FCA) is facing significant hurdles as it attempts to navigate the murky waters of crypto advertising. A recent report by the Financial Times has highlighted that between October 2023 and October
In a decisive move, Malaysia’s Securities Commission (SC) has mandated that Bybit, a well-known cryptocurrency exchange, and its CEO Ben Zhou shut down all operations within the country. This action underscores the persistent issues surrounding regulatory compliance that have plagued the crypto industry globally. The SC’s recent announcement explicitly cites Bybit’s inability to obtain the
The cryptocurrency landscape is not just marked by rapid innovation and burgeoning technologies; it is also a realm of intense debates and disputes, especially regarding processes and fees associated with coin listings on major exchanges. Recently, a contentious exchange unfolded when Tron Network’s founder Justin Sun and Sonic Labs’ co-founder Andre Cronje challenged the assertions
The UK’s Financial Conduct Authority (FCA) stands at the forefront of the ongoing debate regarding the regulation of the cryptocurrency sector. On October 21, Val Smith, the FCA’s head of payments and digital assets, published a blog post attempting to clarify the agency’s resolute stance on stringent regulatory measures. Critics argue that these measures could
The recent charges brought by the U.S. Securities and Exchange Commission (SEC) against TrueCoin and TrustToken have sent ripples throughout the cryptocurrency community. The allegations center on the fraudulent and unregistered sale of investment contracts related to the TrueUSD (TUSD) stablecoin. This situation is a stark reminder of the regulatory scrutiny that this fundamentally volatile
On September 27, 2023, the United States Securities and Exchange Commission (SEC) initiated a significant regulatory action against Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation. This settlement comes on the heels of a turbulent period following the platform’s $100 million breach in 2022. The SEC accused these entities of distributing unregistered securities,
In a decisive move aimed at enhancing the protection of investors in the burgeoning cryptocurrency market, Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented updated marketing guidelines. Effective from October 1, these regulations are designed to promote transparency and minimize the risks associated with investing in virtual assets. As the popularity of digital currencies continues
Joe Burnett, Senior Product Marketing Manager at Unchained Capital, recently made a forecast in a YouTube video predicting that Bitcoin could reach a valuation of $750,000. His argument revolves around the idea that the market may be overlooking Bitcoin’s true potential this cycle and failing to consider its position within the broader context of the
The recent guilty plea of Paxful Inc. co-founder and former CTO Artur Schaback sheds light on the company’s failure to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence allowed Paxful to become a breeding ground for criminal activities such as money laundering, fraud, and extortion. This revelation not