Hong Kong officially kicks out all unlicensed crypto exchanges
This regulatory crackdown underscores the SFC’s commitment to fostering a secure and transparent environment for virtual asset trading.
Related Posts
Regulated Swiss Crypto Bank SEBA Opens Doors
Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12.As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of…
What now for Bitcoin price? September starts with abrupt BTC sell-off
On Sept. 1, a new Bitcoin monthly candle opened with significant optimism. The August monthly candle closed above $11,500 for the first time since the all-time high in 2017. But in the short term, traders are leaning cautious following a sudden sell-off in the cryptocurrency market.In the last 24 hours, the price of Bitcoin (BTC)…
Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to FTX exchange.Speculations among the crypto community are now flaring as the project has been moving massive amounts of WBTC, ETH, and other crypto assets in addition to…
California Cybercrime Police Focus on Cryptocurrency SIM Swapping as ‘Highest Priority’
U.S. law enforcement consider so-called “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud, security news and investigation blog KrebsonSecurity reported Nov. 7.Speaking to the publication, Samy Tarazi, a police sergeant in Santa Barbara and a supervisor of the REACT Task Force — a group dedicated to fighting cybercrime —…
INX exchange taps Israeli crypto startup GK8 for crypto custody
The SEC-approved IPO holder prefers to store crypto 100% offline. INX, a cryptocurrency firm holding the first-ever token initial public offering, or IPO, approved by the Securities and Exchange Commission, or SEC, has chosen a digital asset custody provider.According to a Sept. 16 announcement, INX has enlisted Israeli crypto startup GK8 for digital asset custody on…
LG’s consulting arm joins KardiaChain mainnet validators
Electronics giant LG is supporting a new Vietnamese blockchain initiative through its IT and consulting subsidiary. 1314 Total views 11 Total shares A subsidiary of global conglomerate LG will participate in the mainnet launch of a Vietnamese hybrid blockchain project, KardiaChain.LG CNS, an IT and consulting subsidiary of LG Corporation, has partnered with KardiaChain to…
OCC works to win back House Democrats, still miffed at leader’s focus on crypto
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. 2192 Total views 15 Total shares The U.S. Treasury's Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs.Per a Thursday announcement…
Ethereum Developers Reveal Holdup With Serenity in Reddit AMA
The development team behind Ethereum 2.0 held an Ask Me Anything (AMA) session on Feb. 5. The team answered some of the most pressing questions on Serenity, in addition to general themes such as Proof of Stake (PoS).There have been two other such sessions, six months and one year ago, respectively. While no groundbreaking changes…