Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

The Montenegro court handling Terra founder Do Kwon's passport forgery case has accepted his 400,000 euro ($428,000) bail request after a higher court annulled a previous approval, according to a Friday announcement.In March, Kwon, along with former Terra executive Han Chang-joon, were arrested in Montenegro for allegedly attempting to travel with falsified documents. Authorities in…

Initial demand for the spot ether ETFs could be less than anticipated, Wintermute and Kaiko predict. Wintermute sees roughly 62% less inflows over the next year than bitcoin ETFs have received in six months. A couple of prominent crypto firms see a relatively muted debut from exchange-traded funds that hold Ethereum's ether (ETH). Wintermute, a

Limitless Labs, a fledgling entrant to the booming prediction market business, raised $3 million in a pre-seed round led by early stage venture fund 1confirmation. Paper Ventures, Collider and Public Works participated in the round, said CJ Hetherington, co-founder and CEO of Limitless Labs, the company building the market on top of Base, the layer-2

Nov 9, 2020 at 19:59 UTCUpdated Nov 9, 2020 at 20:37 UTCBinance.US CEO Catherine Coley(Zack Seward/CoinDesk archives)Binance.US, the American affiliate that shares a name with the world’s largest crypto exchange, has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network used by some of the largest trading entities in the space.SEN, which replaces…

Life insurance is the latest traditional financial product to receive crypto's red-hot tokenization treatment.Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the "first-ever" tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to

Last week's ETHDenver conference, originally focused on the Ethereum blockchain, drew a presence from developers and teams focused on other ecosystems, including Bitcoin, Solana and Polkadot. The draw reveals Ethereum's influence and reach – as well as the potential competition. Ethereum conferences aren't just for Ethereans anymore.Last week's ETHDenver conference in Colorado, one of the

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College's journalism program. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Non-fungible token (NFT) collective Proof is working…

Blockchain firm Ripple has acquired Fortress Trust, a Nevada-based chartered trust company with a crypto and Web3 focus, the company said in an email on Friday.Financial terms for the acquisition were not disclosed. Ripple declined to disclose further details when contacted by CoinDesk, though a person with knowledge of the matter said the price tag

Jan 27, 2020 at 20:00 UTCUpdated Jan 27, 2020 at 20:43 UTCImage of Vertalo Chief Executive Dave Hendricks (middle), co-founder William Baxter (second from left) and other Vertalo employees via the companyTransfer agent Vertalo wants its customers to issue securities on the Tezos blockchain.The company has made Tezos its default blockchain, encouraging customers to switch…