The financial landscape is ever-evolving, driven by technological advancements and innovative solutions. FinTech has emerged as a key disruptor, revolutionizing the way we perceive and engage with financial services. The FinTech Festival Asia (FTF) 2023 is set to be Asia’s premier FinTech event, showcasing groundbreaking innovations and emerging trends that will shape the future of
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Binance.US, once a leading cryptocurrency exchange in the United States, has experienced a significant decline in its weekly trade volume. From reaching an annual high of nearly $5 billion, the trade volume has plummeted to a mere $40 million, according to data from crypto firm Kaiko. This decline can be attributed to various factors, including
The New York State Department of Financial Services (NYDFS) has recently introduced new requirements for virtual currency business entities operating in the state. These rules, announced on September 18, primarily focus on cryptocurrency delistings. The aim of these regulations is to provide better protection for consumers and ensure the safety and soundness of the market.
The cryptocurrency market has recently witnessed a significant increase in outflows from crypto exchange-traded products (ETPs), indicating a prevailing negative sentiment toward digital assets. These outflows, amounting to $455 million over the past nine weeks, have raised concerns among investors and asset managers alike. This article delves into the reasons behind this trend and explores
Canadian fintech corporation WonderFi, with the backing of billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. This collaboration aims to enhance Localcoin’s crypto ATM offerings in Canada by integrating Bitbuy’s exchange platform and its reputed “deep liquidity.” About the Partnership Bitbuy, the first cryptocurrency exchange in Canada
The Securities and Exchange Commission’s (SEC) lawsuit against Binance.US on June 5 has sent shockwaves through the cryptocurrency industry, causing Binance Coin (BNB) to experience a tumultuous tumble. Similar to the highly-watched Ripple case, the legal proceedings surrounding Binance are becoming increasingly complex. The latest development involves a dispute over the 220 documents submitted by
The upcoming week holds significant developments, particularly in September. There are three key events that investors should closely monitor. Among these events is a crucial hearing in the ongoing case between the United States Securities and Exchange Commission (SEC) and Binance. The SEC recently accused Binance of failing to provide sufficient documentation for the case,
In a groundbreaking event last week, the Shwe La Min Hospital witnessed the convergence of technology and medicine in the form of a digital surgery. Professionals from Yangon and Paris came together virtually, thanks to the Veyond Connect platform developed by Veyond Metaverse. This initiative aimed to not only bridge physical distances but also redefine
In a recent development, Hong Kong police officers have apprehended Joseph Lam Chok, a prominent crypto influencer, for his involvement in promoting the JPEX crypto platform. Lam Chok’s company, located at the Entertainment building in Central, was raided during the operation. This incident has shed light on the alleged rug-pulling activities of JPEX, leaving numerous
The financial landscape is undergoing significant changes, and the traditional banking system is facing competition from emerging technologies like Bitcoin. Recently, Jordan Peterson, a renowned clinical psychologist and best-selling author, suggested that customers should consider adopting Bitcoin and abandon the banking system. This call to action was prompted by a news report highlighting Macquarie Bank’s
In a major blow to the world of cryptocurrency, Karl Sebastian Greenwood, co-founder of OneCoin and known accomplice of the infamous “Cryptoqueen” Ruja Ignatova, has been sentenced to 20 years in prison. The sentencing comes as a result of their involvement in one of the biggest crypto scam projects in history. Ignatova, who was included
The world of cryptocurrency and celebrity endorsements has collided in a series of high-profile lawsuits and settlements. NFL quarterback Trevor Lawrence, along with YouTube influencers Kevin Paffrath and Tom Nash, has recently agreed to settle a lawsuit related to their endorsement of the now-defunct FTX cryptocurrency exchange. The terms of the settlement remain undisclosed, but
Cryptocurrency users around the world are no strangers to the constant threat of online hacks. Recently, Mark Cuban, a prominent figure in the business world, fell victim to a hack that resulted in the loss of nearly a million dollars from his digital wallet. This incident serves as a stark reminder of the importance of
Binance.US, one of the leading cryptocurrency exchanges in the United States, is undergoing a significant leadership change amidst the rapidly evolving and increasingly hostile regulatory environment. The departure of CEO Brian Shroder has sparked rumors and speculation, prompting Binance CEO Changpeng ‘CZ’ Zhao to address the situation on social media. In this article, we will
The rise of decentralized finance (DeFi) has brought about numerous opportunities for investors in the crypto market. However, with this growth comes the alarming prevalence of market manipulation activities. In Solidus Labs’ latest market manipulation report, shocking findings reveal wash trading worth billions of dollars on Ethereum-based decentralized exchanges (DEXs) since 2020. This article aims
It has been a year since the Merge took place, and the world’s second-largest cryptocurrency, Ethereum, has undergone significant transformations. This article delves into the various changes and developments that Ethereum has experienced since the Merge, shedding light on its progress in a dynamic crypto landscape. Among the noteworthy changes post-Merge, one significant development is
Throughout the past year, Ripple has faced numerous challenges and setbacks, most of which can be traced back to the lawsuit filed against the company by the United States Securities and Exchange Commission (SEC). The allegations made by the SEC, accusing Ripple Labs of conducting an unregistered sale of securities, have significantly impacted the reputation
In recent years, the rise of cryptocurrencies and artificial intelligence (AI) has given birth to a fascinating technological hybrid – AI crypto projects. These innovative platforms combine the transparency of blockchain with the predictive power of AI to create robust and tokenized ecosystems. In this article, we will delve into three prominent examples – Akash
In a volatile and unpredictable cryptosphere, where regulatory challenges and fluctuating volumes often shake the stability of cryptocurrency exchanges, Coinbase has managed to weather the storm better than most. Despite significant internal and regulatory issues that caused Binance’s volume to drop dramatically this year, Coinbase has emerged relatively unscathed, maintaining a stable monthly trading volume
Ethereum developers have recently introduced a new testnet called “Holešky” on September 15th. This testnet is specifically designed for staking, infrastructure, and protocol development purposes, as stated in the developer documents. While Sepolia continues to dominate in application development, Holešky aims to address the testing needs by providing a significant initial supply of testnet Ether
In a significant development, Senator Elizabeth Warren’s bipartisan cryptocurrency anti-money laundering bill is gaining support from an increasing number of senators across party lines. The bill, known as the Digital Asset Anti-Money Laundering Act, aims to enhance regulatory oversight within the emerging cryptocurrency industry. It seeks to address existing loopholes and align the digital asset
The ever-evolving metaverse landscape has witnessed a notable development as Darewise Entertainment, a subsidiary of Animoca Brands, joins forces with Horizen Labs. This collaboration aims to introduce a groundbreaking metaverse token built on the Bitcoin network. By doing so, the partnership seeks to provide an alternative to Ethereum, which currently holds a prominent position in
In a surprising move within the unpredictable cryptocurrency market, popular US-based trading platform Robinhood has made a significant increase in its Shiba Inu (SHIB) token holdings. Despite the recent downturn experienced by the native token of the Shiba Ecosystem, Robinhood has added over 800 billion SHIB tokens to its portfolio, solidifying its position. This daring
Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself trapped in a tempest of legal challenges and a wave of executive departures. As regulatory scrutiny intensifies, the company’s key risk and legal executives have chosen to part ways, compounding the growing list of personnel changes within its ranks. The recent exits of Krishna Juvvadi,
Matter Labs, the creator of zkSync, has recently collaborated with DappRadar to launch a new ecosystem portal. zkSync stands as a layer-two blockchain solution for Ethereum payments, aimed at scaling the Ethereum blockchain ecosystem. With over 200 projects already onboard, zkSync has handled more than 8.8 million testnet transactions, showcasing its potential for success. In
Joy Division, the influential post-punk band, has always been synonymous with their masterpiece album, “Unknown Pleasures.” Now, drummer Stephen Morris and Peter Saville from Factory Records have come together to create a groundbreaking NFT that pays homage to the band’s iconic album. This collaboration, titled CP1919, is set to be unveiled next month through Pace
Solana, the popular cryptocurrency that gained attention during the 2020-2021 bull market, has experienced its fair share of volatility in recent times. From the plummeting prices following the collapse of FTX to the selling pressure caused by the approval of FTX’s digital assets sale, Solana has been on a rollercoaster ride. In this article, we