Key Takeaways Tether has minted an additional $3 billion in USDT stablecoins. As per blockchain data from Arkham Intelligence shows that $2 billion was issued on the Ethereum blockchain, while $1 billion was minted on Tron, with both transactions executed…
Key Takeaways Singapore Gulf Bank has announced plans to raise at least $50 million in an upcoming funding round as part of its strategy to expand its digital finance operations. As per media reports, proceeds from the funding will be…
Key Takeaways ZA Bank, Hong Kong’s largest virtual bank, has launched a service allowing retail users to trade Bitcoin and Ethereum directly using fiat currency. The bank announced that Hong Kong residents with a ZA Bank account can open an…
Key Takeaways Alexey Pertsev, the developer behind the crypto mixing service- Tornado Cash, will remain in custody as he awaits trial in the Netherlands. Perstev took to X(formerly Twitter)to express his dissatisfaction with the court’s decision to extend his detention”…
Key Takeaways Leading crypto exchange, Binance, is set to significantly boost its compliance efforts, planning to expand its compliance team by 34% by the end of 2024. This move will increase the company’s full-time compliance staff to 645, with a…
Key Takeaways In a significant development, the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee has endorsed the use of tokenized assets as collateral in derivatives markets. This recommendation, presented by the subcommittee on digital assets, highlights the potential…
Key Takeaways South Korean crypto deposit platform Delio has been declared bankrupt by the Seoul Rehabilitation Court on November 22, marking the collapse of a company once seen as a leader in the nation’s virtual asset sector. The platform, burdened…
Key Takeaways The United Kingdom is set to release a draft regulatory framework for cryptocurrency in early 2024, Economic Secretary to the Treasury Tulip Siddiq announced at the Tokenisation Summit in London on November 21. As per media reports, the…
Key Takeaways FTX, the bankrupt crypto exchange, announced on Thursday that it plans to begin repaying creditors in March 2025. The company has collected $16.5 billion over the past two years and expects to finalize agreements with distribution agents by…
Key Takeaways U.S. Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger emphasized the need for standardized crypto regulations. She was giving a speech at the North American Blockchain Summit on November 21. Mersinger pointed to recent enforcement efforts, such as…
