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Singapore welcomes Bitstamp into its regulated crypto sphere

Bitstamp

Bitstamp, a leading crypto trading platform, has announced receiving in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the city-state. This approval marks a crucial step towards Bitstamp’s goal of providing digital payment token services in Singapore, positioning the exchange closer to acquiring a full operational license. […]

Yellow Card exchange leads the way in Nigeria’s crypto revival

Yellow Card

In a significant development for the crypto industry in Nigeria, the Central Bank of Nigeria (CBN) has reversed its stance on cryptocurrency, allowing banks to facilitate transactions for this digital asset class. This move marks a pivotal moment, paving the way for crypto trading platforms, including the Pan-African giant Yellow Card Exchange, to explore licensing […]

Spain’s crypto market booms with 56% rise in registrations

Spain

According to the latest data from Spain’s central bank, the registry began in 2022 and added 30 new companies this year. This marks a 56% growth compared to the 53 companies registered in the inaugural year. Introducing prominent international platforms like Revolut, Bitpanda, Crypto.com, and Vivid highlights the expanding global interest in Spain’s crypto market. […]

Robinhood crypto debuts in EU with innovative loyalty program

Robinhood

Robinhood, the American financial services company known for pioneering commission-free trades of stocks and exchange-traded funds, has made a significant stride in the European market by introducing its cryptocurrency trading services. This development comes shortly after the company commenced stock-broking services in the UK, marking its initial step into the international arena. Starting Thursday, European […]

Hex Trust secures full license from Dubai’s VARA for crypto custody

Hex Trust

Hex Trust, a leading provider of institutional-grade cryptocurrency custodial services, has achieved a significant milestone in its expansion strategy by securing a full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA). This development marks a key step in the firm’s commitment to extending its footprint in the Middle East, particularly targeting institutional clients and […]

Hashkey Capital’s Jupiter Zheng Highlights Hong Kong’s Crypto Market Potential

Hong Kong’s aspiration to become a leading digital asset hub gains momentum as industry experts anticipate a surge in cryptocurrency adoption. Jupiter Zheng, a partner at Hashkey Capital, underscores Hong Kong’s readiness for this transition, fueled by a significant influx of crypto expertise. This readiness is a beacon of hope for the city’s economy, which […]

World app hits 1 million users amid global regulatory glance

World App, the cryptocurrency wallet associated with Sam Altman’s Worldcoin, has garnered considerable user activity, reporting over one million monthly active users. The wallet, which has only been on the market for half a year, is now recognized as one of the industry’s most frequented crypto wallets. Tools for Humanity, the leading development team behind […]

XRP’s U.S. adoption hindered by SEC lawsuit, claims Pro-XRP lawyer John E Deaton

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In a recent statement on X (formerly Twitter), pro-XRP lawyer John E Deaton claimed that the XRP token had lost nearly three years of adoption in the United States. This setback is attributed to the United States Securities and Exchange Commission’s (SEC) lawsuit against Ripple, filed in December 2020. Deaton’s remarks highlight the impact of […]

Dasset exchange clients struggle as accounts freeze amid financial distress

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Auckland-based exchange Dasset is mired in financial distress, leaving its clients grappling with frozen accounts and uncertain futures. The Herald reports today that the exchange’s precarious situation has left users with substantial holdings in limbo. The sudden freeze on their accounts has blindsided clients of Dasset as the cryptocurrency exchange prepares for liquidation. According to […]

Namibia’s crypto assets bill becomes law, ushers in era of digital asset regulation

Namibian Parliament Passes Crypto Regulation Bill

Namibia has embraced the world of cryptocurrencies by signing the groundbreaking Virtual Assets Act 2023 into law. The legislation marks a pivotal moment for the nation, laying down clear guidelines for regulating crypto exchanges within its borders. This move comes after the government initially banned cryptocurrency exchanges in 2017, only to reverse course in 2018, […]

Bitfinex forms strategic partnership in Latin America, driving crypto adoption in the region

bitfinex

Bitfinex, the major digital asset platform, has announced its latest partnership in Latin America. In a strategic move aimed at driving widespread adoption in the region, Bitfinex has invested in OrionX, one of Chile’s leading cryptocurrency exchanges. The collaboration between these two dynamic companies will have a transformative impact on the local crypto landscape, focusing […]

Block Company paves the way for decentralized Bitcoin mining with 5nm chip prototype

Bitcoin mining firm Sphere 3D sues partner Gryphon Digital Mining for losing $500k in fraud

Recently, Block Company, a financial and technology firm, announced the completion of a prototype design for its new Bitcoin (BTC) mining chip. The chip, which operates at five nanometres (5nm), will be the main component for supplying and decentralizing Bitcoin mining rigs. In a press release, the San Francisco-based company acknowledged that reaching this milestone […]

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