Category: Crypto Currency

The Financial Intelligence Unit of India (FIU-IND) has reasons to believe that the ByBit crypto exchange was in violations of the Prevention of Money Laundering Act. In a fresh development, the FIU has levied a penalty of Rs. 9.27 crore on ByBit for continuing to operate in India without bringing its operations in compliance with…

Kraken has acquired a licence that allows the crypto exchange to offer services like derivatives trading to advanced traders in the EU. This week, Kraken announced that it has secured a Markets in Financial Instruments Directive (MiFID) licence in the EU. With this, the exchange plans to expand its service portfolio across all EU member…

Coinbase has received approval to operate as a regulated crypto exchange in the UK. The country’s Financial Conduct Authority (FCA) has granted the firm a Virtual Asset Service Provider (VASP) licence. The US-based exchange announced the development on Monday, stating that it would be able to offer additional services in the UK. As the country…

Bitcoin’s price dropped by 1.88 percent in the last 24 hours, trading at $98,110 (around Rs. 85.4 lakh) on February 5, according to CoinMarketCap. Earlier this week, the price of Bitcoin fell after US President Donald Trump announced new tariffs on imports from China, Canada, and Mexico. However, with the US President’s Canada and Mexico…

The feasibility of Donald Trump’s ambition to create a national reserve of Bitcoin is still being studied by officials in the administration, White House crypto czar David Sacks said as he met with lawmakers to advance the new president’s policies on digital assets. “That is one of the first things we’re going to look at…

WazirX is set to present its restructuring scheme to its creditors for voting in the coming weeks, after it was approved by a court in Singapore. The exchange has begun to inform creditors about the possible outcomes of the restructuring process. In a tweet published on Tuesday, WazirX said that if creditors vote against the…

The UAE is set to infuse its governance systems with blockchain technology, after maintaining an open approach towards the crypto and Web3 sectors. The UAE’s Ministry of Energy and Infrastructure (MoEI) has signed a memorandum of understanding (MoU) with Shiba Inu. As part of the recently announced partnership, Shiba Inu’s ShibOS operating system will be…

Several apps on the App Store and Google Play store were found to be infected with a crypto stealer malware by security researchers at Kaspersky. These applications reportedly included a malicious software development kit (SDK) that was designed to use optical character recognition (OCR) to steal “crypto wallet recovery phrases” from screenshots stored on a…

BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers. The product will likely be domiciled in Switzerland, the source added. The Wall Street giant has incorporated a Zurich-based company…

The US Federal Deposit Insurance Corporation (FDIC) on Wednesday released several documents related to the supervision of crypto related activities in the country. Acting FDIC chairman Travis Hill announced that the agency will review its previous approach towards US banks seeking to offer crypto services. Established in 1933, the FDIC regulates US financial institutions and…