Tag Archives: crypto

Federally approved digital asset securities platform Prometheum has filed a defamation lawsuit against crypto commentator Matthew Blumberg. The dispute stems from a November 6 post on X, where the critic accused the firm of operating “an illegal unregistered commodities exchange” and engaging in shady dealings with the U.S. Securities and Exchange Commission (SEC). Free Speech or Defamation? Prometheum’s complaint, filed in the New York Supreme Court, argues that Blumberg’s...

The Federal Court of Australia has imposed an $8 million fine on Bit Trade, the operator of the cryptocurrency exchange Kraken in the country, for offering an unapproved margin lending product to local customers. The penalty follows allegations by the Australian Securities and Investments Commission (ASIC) that the firm violated financial regulations by failing to assess customer suitability for the product. Legal Implications The credit facility, which enabled users to...

BingX launches CreatorX Program to empower content creators, offering incentives, exposure, and collaboration in the crypto industry. BingX, a leading cryptocurrency exchange, has launched its CreatorX Program to empower content creators. This initiative aims to inspire individuals passionate about blockchain and cryptocurrency. This way, the program will provide structure for incentives, exposure, and collaboration. This will allow creators to succeed in the growing crypto industry. As...

According to the second annual Global Survey on Crypto and Web3 by Consensys, emerging markets are spearheading global cryptocurrency adoption. The report reveals that countries like Nigeria, South Africa, and the Philippines are driving significant growth in awareness, ownership, and participation in crypto-related activities. Emerging Markets at The Forefront The survey shows that 93% of people globally are aware of cryptocurrencies, with 51% claiming to understand them....

INX One makes RWA trading easier with simple Buy Assets. Users can access tokenized securities, RWAs, and more than 100 cryptocurrencies. INX Digital Company Inc., a regulated digital securities and cryptocurrency trading platform, has launched the Buy Assets feature on INX One. This feature streamlines and expands access to real-world asset trading, offering a seamless and accessible experience for both retail and institutional investors. This feature enables users to trade more than 100...

NuDEX’s testnet competition allows the chance to win $5,000. The platform’s new technology makes trading faster and keeps it private. On 10th December, Bitcoin was falling back to around $94,000 after briefly going above $100,000. The world is seeing the wild changes in the crypto markets. Though most are of the view that it is just a slight hiatus before the subsequent surge of Bitcoin, some argue that it is the right time. They actually feel good about the market. For instance, in 2025,...

BitOasis obtains a full VASP license, enhancing its MENA activities. CoinDCX acquires BitOasis, strengthening its presence in the MENA region. Virtual asset-leading platform BitOasis has won the Virtual Asset Service Provider definitive license offered by Dubai’s Virtual Assets Regulatory Authority. This would be a step from onboarding under a provisional license from VARA back in 2022, followed then by winning an MVP license at the turn of 2023- this makes a march forward for BitOasis that...

Tkachev indicates a Bitcoin reserve to ensure Russia’s financial stability. Russia’s crypto policies are evolving, including tax breaks and mining authorization. Russian State Duma Deputy Anton Tkachev has suggested that the national Bitcoin reserve be created in order to strengthen financial stability in Russia further. The deputy of the New People party proposed the initiative and sent it to Finance Minister Anton Siluanov. He suggested that Bitcoin could become an independent asset,...

The Financial Times (FT) has issued a controversial “apology” after Bitcoin breached the $100,000 mark on December 5, 2024. The apology, published on FT Alphaville, the publication’s daily news commentary service, was perceived by many as a backhanded admission of its failure to foresee Bitcoin’s rise. FT’s ‘Apology’ The article, written by Bryce Elder, City Editor of FT Alphaville, was framed as an apology to those who had, for over a decade, taken the publication’s critical...

Massachusetts Senator Elizabeth Warren is reportedly set to become the Ranking Member on the Senate Banking Committee, replacing Sherrod Brown after his exit. The shift comes despite major efforts by the cryptocurrency industry, which spent about $40 million to unseat Brown. Warren’s Upcoming Role Many crypto advocates saw the departure of the three-term Ohio senator, an outspoken critic of the digital asset industry, as a key turning point in the sector’s future. His...