In a recent move that has sent ripples through the cryptocurrency community, Gemini, a prominent crypto exchange, has declared plans to terminate its operations in Canada by the close of 2024. Customers received an email notification on September 30, announcing that the exchange would wind down all Canadian accounts effective December 31, 2024, with limited
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In a significant move reflective of the evolving regulatory landscape in Europe, cryptocurrency exchange Kraken has announced the cessation of support for Monero (XMR) within the European Economic Area (EEA). As stated in a release on October 1, trading and deposit functionalities for XMR will be halted effective October 31, 2024, at 15:00 PM UTC.
In the dynamic and often tumultuous world of financial trading, few figures shine as brightly as Aayush Jindal. With over 15 years of experience in Forex and cryptocurrency markets, Jindal embodies the blend of expertise and innovation necessary to navigate these complex realms. His reputation as a premier analyst is rooted in his ability to
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 July, WazirX, one of India’s leading cryptocurrency exchanges, fell victim to a staggering $230 million hack, triggering a cascade of turmoil within the organization and its user base. The immediate reaction from WazirX was to formulate a recovery plan, but the pathway to a hopeful resolution has been fraught with obstacles. Initially seeking a
The recent ruling by Judge Katherine Polk Failla in the Southern District of New York has put a significant spotlight on the legality and regulation of cryptocurrencies, particularly regarding software code used within crypto protocols. This decision has profound implications not only for developers like Roman Storm of Tornado Cash but for the entire cryptocurrency
Recent analyses from 10xResearch highlight a renewed bullish sentiment surrounding Bitcoin, driven by multiple factors that emerged in the wake of macroeconomic changes and growing interest in the cryptocurrency space. The report, led by Markus Thielen, paints an optimistic picture not only for Bitcoin but also for the broader digital assets market, suggesting a possible
As cryptocurrencies gain traction globally, the need for reliable exchange platforms becomes imperative. With countless exchange options available, the decision on where to buy and sell cryptocurrencies can be daunting. The crypto market is vast and dynamic, and each platform offers its unique set of features and services. Therefore, selecting the appropriate exchange could markedly
In recent years, the United Arab Emirates (UAE) has emerged as a significant player in the global cryptocurrency landscape. Recent findings from a Chainalysis report revealed that the UAE facilitated over $30 billion in crypto transactions from July 2023 to June 2024, positioning it within the top 40 countries for crypto activity. This unprecedented growth
The Australian financial landscape is undergoing a pivotal transformation as the Australian Securities and Investments Commission (ASIC) gears up to enforce a licensing framework for cryptocurrency service providers. This shift comes in response to escalating concerns about consumer protection amid a surge in fraudulent activities associated with digital assets. On September 23, ASIC Commissioner Alan