Key Takeaways Crypto asset manager Grayscale Investments has submitted a request to the U.S. Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an exchange-traded fund (ETF), according to a report by The Wall Street Journal.…
Key Takeaways The Central Bank of Brazil has opened applications for organizations interested in joining the next phase of its central bank digital currency (CBDC) pilot, Drex. From October 14 to November 29, companies can submit their proposals for participating…
Key Takeaways Popular hardware wallet Ledger has been hit by a phishing scam email. The scam emails claim that users must activate a feature called “Ledger Clear Signing” by October 31 to continue using their Ledger devices securely. However, these…
Key Takeaways The Central Bank of the United Arab Emirates (CBUAE) has given in-principle approval for an AED stablecoin, marking a significant step toward incorporating digital currencies into the nation’s financial ecosystem. The stablecoin pegged to the UAE dirham, it…
Key Takeaways On October 14, leading DeFi protocol, Edge, unexpectedly stopped allowing deposits to its strategy contracts through its platform, causing concern among its users. Investors, many of whom provide liquidity to decentralized exchanges using the platform, now face uncertainty…
Key Takeaways Leading Singapore-based crypto exchange Fairdesk, announced it will close down all services by November 30, 2024. As per the official statement, futures and spot trading activities will cease on October 17, leaving users with only withdrawal options available…
Key Takeaways On October 10, during a National Assembly audit, South Korean lawmaker Lee Kang-il expressed concerns about the overwhelming market dominance of Upbit, the country’s largest cryptocurrency exchange, and its close partnership with K-Bank, an internet-only bank. Lee warned…
Key Takeaways On October 9, Dubai’s Virtual Assets Regulatory Authority (VARA) announced it had issued fines and cease-and-desist orders to seven crypto businesses for violating marketing regulations and operating without proper licenses. The crypto watchdog, however, has not revealed the…
Key Takeaways The South Korean Ministry of Economy and Finance is evaluating new measures to regulate cross-border transactions involving stablecoins and other virtual assets. The ministry highlighted that while stablecoins are currently used mainly within the cryptocurrency ecosystem, they could…
Key Takeaways The Hong Kong Securities and Futures Commission (SFC) is preparing to grant additional licenses to cryptocurrency businesses by the close of 2024, according to an October 7 report from local news outlet Hong Kong 01. This comes after…
