Telegram CEO Pavel Durov has recently been released from prison but placed under judicial supervision with strict conditions. These conditions include a hefty bond of €5 million and a ban on leaving the French territory. Additionally, Durov is required to report to the police station twice a week as part of his bond obligations. Criminal
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Recently, both Binance and Bybit teased the launch of new products with references to Solana, leading many to believe that they may be venturing into the Solana liquid staking market. Binance’s mysterious “BNSOL” message and Bybit’s announcement of “bbSol” sparked speculation within the crypto community about a possible partnership with Solana-based liquid staking protocol Sanctum.
In a move to revolutionize the financial landscape, the Hong Kong Monetary Authority (HKMA) has unveiled the Project Ensemble Sandbox. This groundbreaking initiative aims to explore the potential of tokenization across different asset classes and real-world financial applications. The sandbox will delve into the use of tokenized money in interbank settlements and transactions involving tokenized
Indian cryptocurrency exchange WazirX recently made a startling revelation about the presence of external parties with vested interests trying to manipulate the ongoing restructuring process for their own gains. This revelation has shed light on the murky waters surrounding the cryptocurrency industry and the vulnerabilities faced by users of such platforms. The exchange pointed out
The Indian government is gearing up to introduce a set of comprehensive regulations for the cryptocurrency sector, as reported by local media outlets on August 22. This move signifies the government’s commitment to establishing a regulatory framework for digital currencies in India. This initiative follows Finance Minister Nirmala Sitharaman’s statement in October 2023, in which
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in shutting down a significant number of crypto scam websites over the course of the past year. In a statement released on August 19, ASIC revealed that a total of 615 scam websites had been closed down as part of a broader effort to combat
The Nigerian Federal Inland Revenue Service (FIRS) is making moves to bring the crypto sector under the tax umbrella, as reported by Business Day. This initiative, spearheaded by FIRS Executive Chairman Zacch Adedeji, aims to revamp Nigeria’s regulatory framework to accommodate the fast-growing crypto industry. The proposed legislation is seen as a way to spur
Binance has recently achieved a significant regulatory milestone by registering with India’s Financial Intelligence Unit (FIU-IND). This move, as reported on Aug. 15, marks an important step for the crypto trading platform in expanding its compliance to 19 jurisdictions, the highest number among similar platforms. The registration with FIU-IND underscores Binance’s commitment to upholding anti-money
A recent ruling by a US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the American arm of the prominent global exchange Binance. The lawsuit, filed by plaintiff Ryan Cox, revolves around allegations of price manipulation of the Hex token by both Binance.US and CoinMarketCap. Cox claimed that in 2020,
The world of cryptocurrency has always been filled with uncertainty and speculation, and the recent predictions from a crypto analyst only add to the mix. This analyst, known as ‘Sensei,’ has made a bold claim that Bitcoin could potentially reach $72,000 in the near future. This optimistic forecast comes on the heels of a supposed