Bitstamp, a popular cryptocurrency exchange, recently announced that it would be halting U.S. trading for several cryptocurrencies. The decision comes in response to recent cases against other major exchanges, namely Binance and Coinbase, where certain cryptocurrencies were declared securities by the U.S. Securities and Exchange Commission (SEC). This move by Bitstamp highlights the increasing regulatory
The Bitcoin market has experienced a slight uptick in the past 24 hours as bulls managed to defend critical support. With a 2% profit in the past day, Bitcoin currently trades at $29,400. While the cryptocurrency has recorded similar profits over the past week, the rest of the market has been facing stalls or losses.
Reports have emerged that Ryan Salame, the former co-CEO at FTX’s Bahamas subsidiary, FTX DM, is currently engaged in talks with federal prosecutors that could lead to his guilty plea on criminal charges related to the collapse of the crypto exchange. Although these negotiations have been referred to as a plea deal, it remains unclear
PayPal and Paxos made headlines recently with the announcement of the launch of the PayPal (PYUSD) stablecoin. However, the excitement surrounding this development has been dampened by concerns raised about the control Paxos has over user wallets. This centralization issue has sparked anxiety in the crypto community, who fear the possibility of their assets being
In the world of cryptocurrencies and blockchain technology, financial privacy and anonymity have always been fundamental principles. However, these principles are now facing increasing pressure due to regulatory actions. It is important to understand the perspective of regulators to gain insight into the challenges faced by the crypto industry. Christy Goldsmith Romero, a commissioner at
Cryptocurrency exchange Huobi has announced that it will soon list PayPal’s newly launched stablecoin, PYUSD. In a statement released on August 8th, Huobi stated that it will be the first exchange to support the launch of PYUSD and will offer PYUSD/USDT trading pairs with no trading fees permanently. However, the exchange did not provide a
Cryptocurrency trading has gained significant traction in recent years, attracting both seasoned investors and newcomers to the market. However, the volatile nature of digital assets poses significant risks. To address this challenge, AI-driven platforms like yPredict have emerged, offering data-driven insights to help traders make informed decisions and minimize risks. Recently, yPredict raised $3.4 million
The Hong Kong Securities and Futures Commission (SFC) has recently issued a strong warning to virtual asset trading platforms (VATPs) involved in fraudulent practices and non-compliant activities. This move emphasizes the potential legal and regulatory consequences that VATPs may face if they fail to adhere to the new regulations set by the SFC. With the
Web3, the new era of internet technology that embraces decentralization, holds immense promise for users to own and control their data. However, there is a significant challenge that hinders its widespread adoption – the fragmentation of platforms and services. Unlike traditional internet services where a few companies control data, Web3 requires users to navigate through
Blockchain technology has gained significant attention and popularity in recent years for its potential to revolutionize various industries. However, as with any emerging technology, there are bound to be controversies and setbacks along the way. This article explores some of the recent controversies surrounding blockchain in East Asia, shedding light on the darker side of