Nevada’s Financial Institutions Division has taken legal action against Prime Trust LLC, filing a court petition to place the company in receivership. The Division cited concerns about Prime Trust’s unsafe and unsound operations as well as its insolvency. This move follows a Cease-and-Desist Order issued on June 21, 2023. The court petition revealed that the […]
Circle Pays Close Attention to Hong Kong’s Crypto Policies, CEO Allaire Says
Jeremy Allaire – co-founder and CEO of the stablecoin-issuer Circle – said his company has been closely observing the regulatory developments in Hong Kong. The authorities of the former British colony have recently allowed investors to trade cryptocurrency under a new regime as they carry “fundamental value.” Asia is a ‘Huge Area of Focus’ In […]
Shiba Inu Joins Hong Kong’s Virtual Asset Index: A Memecoin Milestone Unleashed
The HKVAC announced that it includes Shiba Inu in the virtual asset list index. It recently added the 30 digital assets listed in HKVAC’s virtual asset index. Shiba Inu, the popular dog-themed memecoin, has unlocked a new milestone in the crypto market. The Hong Kong Virtual Asset Consortium (HKVAC) announced that it includes the SHIB […]
LTC, XRP and MATIC Prices Drop Amid SEC Crackdown, DigiToads (TOADS) Presale Breaks New Record
The cryptocurrency market has been witnessing significant volatility and regulatory challenges lately, with the recent crackdown by the U.S. Securities and Exchange Commission (SEC) impacting popular projects like Litecoin (LTC), Ripple (XRP), and Polygon (MATIC). As these established cryptocurrencies face headwinds, one memecoin is breaking new ground and gaining momentum. DigiToads (TOADS) has recently concluded […]
Damus crypto tipping app reports guideline abuse after clarifying no content is sold
The popular crypto tipping app Damus is making headlines as it faces potential removal from the Apple App Store due to claims of non-compliance with review guidelines.
Japan Joins Singapore’s Project Guardian in Global FinTech Collaboration
The Japan Financial Services Authority (FSA) joins the list of financial institutions to be taking a collaborative role in Project Guardian, a digital assets initiative launched by the Monetary Authority…
Ripple CEO Asserts Focus on Utility Amid Crypto Winter
Ripple CEO Brad Garlinghouse provided a candid assessment of the current market conditions during the recent Point Zero Forum in Zurich
Judge rejects SBF’s motions to dismiss criminal charges, citing lack of merit
A federal judge presiding over the case involving former FTX CEO Sam Bankman-Fried (SBF) has rejected the motions presented by his legal team, which aimed to dismiss all but three of the criminal charges.
EDX Markets reportedly drops Paxos as planned custodial partner
EDX Markets, a nascent crypto exchange supported by Charles Schwab, Fidelity, and Citadel Securities, has reportedly ended its intended association with Paxos and is nearing an agreement with Anchorage Digital, according to Bloomberg. Previously, EDX Markets had announced a partnership with Paxos in October of last year. The New York-based blockchain firm, known for issuing […]
BTC whales continue to ‘hodl’ despite low volatility
A Bitfinex Alpha report reveals a steady accumulation of bitcoin by long-term investors, reflecting a strong demand while creating a complex market environment.