South Korea’s Financial Services Commission (FSC) has announced that companies will soon be able to invest in virtual assets like cryptocurrencies. Starting this year, this change will happen step by step, making it easier for businesses to participate in the growing digital asset market. Under the new framework, corporations will be permitted to issue real-name […]
Ripple President Monica Long recently revealed the company’s intentions regarding its stablecoin, RLUSD, and an XRP exchange-traded fund (ETF). According to Bloomberg, in an interview, Long said the RLUSD stablecoin will be listed on more exchanges soon. Launched in December 2024 on five platforms, including CoinMENA and Bitso, RLUSD has expanded its reach with additional […]
Yet another security breach has left the world aghast when one of the most popular DeFi protocols built on the Arbitrum blockchain, named Orange Finance, lost more than $840,000 to hackers. The attacker, who broke into the platform by attacking the vulnerabilities in the smart contracts, compromised the admin address and successfully withdrew funds from […]
Portugal’s top bank, Banco de Investimento Global, (BiG), has suspended fiat transactions to cryptocurrency platforms, signaling increasing regulatory scrutiny on digital assets in the country. BiG, which manages assets close to €7 billion, made the announcement through a tweet by José Maria Macedo, co-founder of Delphi Labs. Macedo criticized the move, suggesting that it could […]
Bitfinex Derivatives, a Seychelles-based platform, has secured a Digital Asset Service Provider (DASP) license in El Salvador, marking a significant step in its expansion across Latin America. This new development allows the platform to offer derivatives services through its newly established subsidiary, Bitfinex Derivatives El Salvador S.A. de C.V. Source: X As part of its mission […]
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty had a pivotal meeting with former President Donald Trump at Mar-a-Lago, marking a promising start to 2025. Garlinghouse shared the news on X (formerly Twitter), stating, “Had a great dinner last night with @realDonaldTrump & @s_alderoty. Great start to 2025!” Source: X The meeting comes as […]
Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced that he is stepping down from his position on January 20, 2025. Behnam has stressed the importance of disciplined digital asset regulation and a renewed focus on closing the regulatory gap in crypto markets. In his statement, Behnam reflected on his time in […]
Telegram, the popular messaging app, has significantly increased its cooperation with US authorities, handing over user data in more than 2,000 cases in 2024. This sharp rise was revealed in new data from the platform, highlighting a shift in its approach to user privacy. As per the report from 4040 Media, in the first nine […]
Velar, a prominent Bitcoin-based liquidity protocol focused on mobilizing substantial dormant capital within decentralized finance (DeFi) markets, has announced a significant update to its visual identity. This rebranding initiative introduces a bold new logo featuring a distinctive blue and orange color scheme with an aim that reinforces its dedication towards, and its leadership within, Bitcoin’s […]
Singapore’s second biggest financial institution, OCBC Bank, has decided to introduce a new solution that makes use of blockchain and allows corporate investors to take fractional shares of their bonds. The aim of the bonds issued through tokenization is to encourage investment in private companies that have earned at least S$10 million. It was said […]