The Securities and Futures Commission (SFC) has issued a warning to the public regarding fraudulent activities perpetrated by suspicious websites masquerading as licensed institutions. One such website, “KKR Global,” has been identified for impersonating KKR Capital Markets Asia Limited, a licensed agency of the SFC. These websites are suspected of engaging in virtual asset-related fraud, […]

The United Kingdom’s (UK) Financial Conduct Authority (FCA) has set out its main focus areas for 2024 to 2025. The regulator seeks to develop its capacity to identify and prosecute market abuse cases. Moreover, it aims to create a market abuse regime that corresponds to crypto assets and related services. This statement marks considerable progress […]

Former Binance CEO Changpeng Zhao has rolled out the Giggle Academy project targeting free basic education for all across multiple jurisdictions.  In a recent announcement on X (Twitter), Zhao revealed plans for the educational project giving children free access while utilizing new techniques. As a nonprofit organization, Giggle Academy would have no revenue deploying gamification […]

US crypto firms are establishing themselves as frontrunners in the global market by offering notably higher compensation packages, as outlined in a recent survey conducted by Dragonfly Capital, a digital-asset investment firm. The survey findings underscore a significant disparity in compensation between US-based crypto companies and their international counterparts, with US crypto salaries surpassing those […]

Thailand’s push towards virtual banking has opened doors for major players like Gulf Energy to explore new avenues. As the country begins accepting applications for virtual bank licenses, Gulf Energy eyes an expansion into crypto trading and digital lending. Notably, this move signals a significant shift in the energy giant’s strategy, aligning with the evolving […]

Kraken, one of the leading cryptocurrency exchanges, has unveiled its Qualified Custody Solution tailored for the US market. As unveiled, Kraken Financial holds all reserve deposits, which makes it the most suitable service provider for Kraken Institutional to offer qualified custody.  What the New Kraken Custody Solution Offers With the increasing interest from institutional investors […]

The bankruptcy court has approved an extensive probe into the relationship between Sullivan & Cromwell LLP, a leading law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. This ruling is a stepping-stone to the scrutiny of the legal firm’s role and actions prior to and during FTX’s bankruptcy proceedings. Scrutiny […]

As Coinbase unveils its plans to introduce futures trading for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH), XRP lawyer Bill Morgan voices disappointment over the lack of support for Ripple’s native cryptocurrency, XRP. Notably, the move has sparked discussions within the crypto community, with questions raised about Coinbase’s choice to prioritize Dogecoin over XRP. […]

Grayscale CEO, Michael Sonnenshein, has stepped forward to defend Ethereum’s classification as a commodity in light of potential scrutiny from the Securities and Exchange Commission (SEC). Sonnenshein’s stance comes amidst ongoing debate within the cryptocurrency community regarding the regulatory status of Ethereum. Sonnenshein’s defense is rooted in the precedent set by former SEC Director Bill […]

Montenegrin prosecutors have refused to accept the court’s verdict on the extradition of Do Kwon, Terraform Labs co-founder Do Kwon to South Korea.  Complications in The Do Kwon Extradition to South Korea Two weeks ago, a high court in Podgorica, Montenegro ruled that Do Kwon should be extradited to South Korea. This was a reversal […]