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Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition

[Jul 3 8:10 AM] Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to…

BlackRock and Citadel back new Texas national stock exchange

[Jun 5 1:32 AM] The Texas Stock Exchange reportedly secured around $120 million in funding and is prioritizing ETF listings. It also aims to offer a more competitive alternative to the two major U.S. stock exchanges.

Coinbase ‘Extensively Prepared’ for Spot Bitcoin ETF Approval

[Dec 31, 2023 8:30 PM] Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed…

India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms

[Dec 29, 2023 10:30 PM] The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi…

Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’

[Dec 26, 2023 1:30 AM] The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed…

Decade of Resilience — A Look at 10 Pioneer Crypto Companies That Are Still Standing

[Nov 6, 2023 10:30 PM] Over 15 years have passed since Satoshi Nakamoto launched the crypto revolution with the release of the Bitcoin white paper. On the brink of January 3, 2024, the network celebrates a decade and a half of continuous activity. Though many companies…

Did You Know About These Crypto Airdrops in October?

[Oct 1, 2023 4:00 AM] As markets continue to move sideways, crypto companies are trying to increase user engagement through airdrops. Among them are some well-known names in the space as well as new projects searching for their place. They all seek to arouse interest in…

North Korea Hackers Continue to Target Crypto Platforms: UN Report

[Aug 13, 2023 3:30 AM] Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons…

Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss

[Jul 13, 2023 2:30 AM] Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in…

Crypto Companies in Japan Get Tax Relief Under Revised Rules

[Jun 26, 2023 2:30 AM] The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the…

Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future

[May 19, 2023 3:30 AM] Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a…

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

[Mar 9, 2023 3:30 PM] According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR…

Uzbekistan Collects Over $300,000 From Crypto Sector

[Feb 3, 2023 5:30 PM] While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees…

Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts

[Jan 23, 2023 12:16 AM] Analysts from Moody’s and JPMorgan hailed the exchange for its strong reputation but said it wouldn’t be enough to solve its profitability woes.

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

[Jan 19, 2023 11:30 PM] The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest…

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

[Jan 18, 2023 2:30 PM] According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission…

Bank of France Governor Calls for Mandatory Licensing for Crypto Companies

[Jan 8, 2023 1:30 AM] France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the�

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

[Jan 4, 2023 2:30 PM] Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said…

Most Public Crypto Firms Underperformed Bitcoin In 2022, Miners Hit Worst

[Dec 30, 2022 10:00 AM] Data shows almost all the big public crypto companies have underperformed Bitcoin this year, with the mining firms taking an especially hard hit. Most Public Mining Companies Saw Drawdowns Of 90% Or More In 2022 As per the year-end report from…

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

[Dec 16, 2022 9:30 AM] The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges…

Blackrock CEO on FTX Collapse: Most Crypto Companies Aren’t Going to Be Around

[Dec 4, 2022 9:00 PM] The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology…

FTX bankruptcy freezes millions worth of crypto company funds

[Nov 15, 2022 6:29 PM] Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.