In a significant development within the tumultuous landscape of cryptocurrency, the Celsius Network has initiated an appeal against a ruling by Judge John Dorsey, which dismissed its $2 billion disparagement claim against the now-defunct FTX exchange. Filed on December 31, the appeal underscores the ongoing legal entanglements faced by both companies, which have been severely
services
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
In a significant move to bolster regulatory oversight, Japan’s Financial Services Authority (FSA) is on a mission to enhance internal audit processes across financial institutions, specifically targeting cryptocurrency exchanges. The emphasis on refining audit mechanisms stems from a broader initiative to close existing gaps within the industry while ensuring adherence to global regulatory standards. In
Starting January 2025, Bitget Wallet is set to revolutionize how cryptocurrency users handle gas fees through its newly announced GetGas feature, which prioritizes the use of its native BGB token. This initiative aims to simplify transactions across multiple blockchain platforms including Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron. By allowing users
In recent years, the burgeoning field of cryptocurrency has seen an influx of hedge funds attempting to capitalize on this volatile market. However, a report by The Wall Street Journal on December 20 has illuminated a significant challenge: approximately 120 of these funds have experienced difficulties in securing banking services. This percentage accounts for around
WazirX, an Indian cryptocurrency exchange, finds itself ensnared in escalating legal and operational challenges following a troubling directive from the Delhi High Court on December 18. This ruling has mandated a renewed investigation into the platform, coinciding perilously with Binance’s announcement to delist its native token, WRX. The court’s involvement derives from a petition lodged
In a decisive step towards enhancing investor safety, the Nigerian Securities and Exchange Commission (SEC) has instituted a series of stringent guidelines aimed at regulating the endorsement of cryptocurrency products and services by social media influencers. Recognizing the pervasive influence that online personalities wield over public perception and investment decisions, these new regulations seek to
Aayush Jindal’s foray into the intricate world of financial markets can be traced back to his formative years, where his innate ability to dissect complex systems was evident. From the moment he encountered the dynamics of trading, it became clear that he possessed a unique talent for recognizing patterns in chaotic environments. This early recognition
In a notable advancement for the cryptocurrency landscape, Anchorage Digital has successfully obtained a BitLicense from the New York State Department of Financial Services (NYDFS). This crucial licensing, finalized on December 16, underscores the firm’s commitment to operating within one of the United States’ most stringent regulatory frameworks. The BitLicense empowers Anchorage Digital to offer