In a significant step toward establishing a regulated cryptocurrency environment in Europe, OKX, a prominent digital asset exchange, has received a pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA). This unprecedented move, announced on January 23, underscores the exchange’s ambition to expand its operations throughout the European Economic Area (EEA) from its base in
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In a stark reminder of the vulnerabilities that exist within the cryptocurrency ecosystem, Singapore’s prominent exchange, Phemex, has suspended all withdrawal activities following a severe security breach that resulted in the loss of approximately $37 million. The announcement came on January 23, as the company launched an urgent examination of its security protocols and wallet
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
In a groundbreaking move towards the future of digital finance, the New York Department of Financial Services (NYDFS) has joined forces with the Bank of England (BOE) to establish an initiative focused on harmonizing regulations for cryptocurrencies and digital assets. This partnership, unveiled on January 13, introduces the Transatlantic Regulatory Exchange (TRE), an ambitious program
Senator Cynthia Lummis has taken a proactive stance regarding the imminent liquidation of 69,370 Bitcoins linked to the notorious Silk Road. In a recent communication directed to Ronald L. Davis, the Director of the US Marshals Services (USMS), Lummis articulated her apprehensions regarding the rationale and timing behind this sale. She argues that such a
Crypto.com has taken a significant step forward in the evolving landscape of digital currency regulation by securing in-principle approval for the Markets in Crypto Assets (MiCA) license. This pivotal moment places the company at the forefront of regulatory compliance within the European Union (EU), marking it as the first major global crypto exchange to achieve
In an era defined by rapid advancements and significant transformations in financial markets, professionals who can adeptly maneuver through complexity are invaluable. Aayush Jindal stands out as such a figure. With an impressive career spanning over 15 years, he has carved a niche for himself within the Forex and cryptocurrency domains. His profound knowledge and
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
In the intricate tapestry of the financial trading world, certain individuals shine as beacons of knowledge and expertise. Among them, Aayush Jindal stands out due to his extensive experience and remarkable achievements over a span of 15 years, particularly in the domains of Forex and cryptocurrency trading. His reputation as a leading technical analyst has
In a significant advancement for its operations, HashKey Group, a prominent digital asset firm based in Asia, has recently received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). Announced on January 13, this news has garnered attention as HashKey seeks to strengthen its foothold in