Coinbase, one of the leading cryptocurrency exchanges, has recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license will enable Coinbase to significantly expand its payment services within the country. The approval from the regulator comes almost a year after Coinbase received an in-principle approval. The MPI license
Kenya’s Ad hoc committee investigating the Worldcoin matter has made shocking allegations against the company, stating that its actions “constituted acts of espionage and a threat to statehood.” These allegations have raised concerns over the company’s operations and its purported mining of data from Kenyans through iris scanning in exchange for cryptocurrency tokens. The committee,
The cryptocurrency industry has witnessed unprecedented growth since its inception in 2009. With over 22,932 active cryptocurrencies in the market today, it is evident that the sector has expanded significantly. While most users focus on the top cryptocurrencies, those involved in trading and investing often have to deal with more obscure currencies. This requires extensive
In a recent on-chain report, it was revealed that an address associated with the FTX exploiter has become active after 10 months of inactivity. The FTX exchange had fallen victim to a hack just hours after declaring bankruptcy, resulting in a loss of over $600 million. The exploiter has now moved more than $17 million
Hong Kong, known as a global financial hub and a gateway to China, has been shaken by a massive cryptocurrency scandal involving JPEX. The Dubai-based exchange is accused of defrauding thousands of investors out of more than $160 million. This scandal has exposed significant regulatory loopholes and the lack of investor protection in Hong Kong’s
Valkyrie, a leading asset management firm in the United States, has announced a temporary halt on its purchase of Ether futures contracts. The decision, made in anticipation of the SEC’s approval of an Ether futures ETF, raises questions about Valkyrie’s chances of being among the first companies to introduce an Ethereum ETF. This article delves
In a notable move that strengthens the Ethereum layer 2 ecosystem, Google Cloud has joined Polygon’s Proof-of-Stake (PoS) network as one of its decentralized validators. This partnership marks a significant milestone for both Google Cloud and Polygon, as it combines Google’s renowned reputation for security services with Polygon’s growing presence in the blockchain space. The
In a recent filing made on September 22, the co-founders of the now-defunct Terra blockchain project have been accused of planning to create fraudulent transactions during the development of the project. These allegations have been made by the Securities and Exchange Commission (SEC), which claims that Terraform Labs collaborated with a payments app called Chai
Gemini, the renowned cryptocurrency exchange, recently found itself in the midst of controversy. A New York Post report accused the platform’s co-founders, Tyler and Cameron Winklevoss, of secretly withdrawing a staggering $280 million from the bankrupt lender, Genesis. These allegations raised questions about the integrity of Gemini and its handling of user funds. However, Gemini
The cryptocurrency market is experiencing a surge in trading volumes, and one coin that has caught the attention of investors is HarryPotterObamaSonic10Inu (BITCOIN). After a tumultuous September where BITCOIN’s value plummeted by nearly 80% in less than a month, the coin has bounced back with a significant 20.51% increase in its price. This remarkable recovery