Browsing: News

Hong Kong cracks down on crypto fraud, Thailand taxes foreign income, and more regulatory moves. Hong Kong authorities have taken swift action against an unlicensed crypto exchange, JPEX, arresting six individuals on fraud allegations. In response, the government is intensifying efforts to educate investors about the importance of utilizing platforms with Securities and Futures Commission licenses. According to a recent report, Thailand’s Revenue Department plans to implement personal income tax on foreign revenues, including those from cryptocurrency trading, for individuals residing in Thailand for over 180 days. This policy change closes a previous loophole and obligates individuals to declare overseas…

Ripple Labs CEO Brad Garlinghouse hires a new defense attorney, Rahul Mukhi, sparking intrigue in the crypto community. In an unexpected turn of events within the ever-evolving XRP lawsuit saga, Ripple Labs CEO Brad Garlinghouse has made a significant move by enlisting the services of a new defense attorney. Today, a notice of appearance was officially filed in court, announcing the prominent attorney Rahul Mukhi from Cleary Gottlieb Steen & Hamilton LLP as Garlinghouse’s dedicated legal counsel. This development has sent shockwaves throughout the crypto community, particularly due to the unique positioning of Mukhi solely representing Brad Garlinghouse rather than…

Binance’s potential European stablecoin delisting sends shockwaves in the crypto World, navigating regulatory rapids with MiCA compliance on the horizon. In a startling revelation that has sent ripples through the crypto sphere, Marina Parthuisot, the head of legal affairs at Binance France, has unveiled a potentially game-changing decision made by the crypto behemoth. Binance, one of the world’s largest cryptocurrency exchanges, is mulling over the possibility of delisting the bulk of its stablecoin offerings for European investors by June 2024. The genesis of this unprecedented move lies in Binance’s proactive stance to align itself with impending European regulatory measures, particularly…

UnionBank Philippines makes history with the nation’s first full VASP license, solidifying its leadership in digital finance. In a groundbreaking development for the cryptocurrency industry in the Philippines, UnionBank of the Philippines, a trusted partner of Ripple, has achieved a significant milestone. The Bangko Sentral ng Pilipinas, the country’s central bank, has granted UnionBank the first-ever full Virtual Asset Service Provider (VASP) license, positioning the institution as a pioneer in the nation’s financial landscape. This historic achievement marks a crucial step forward for UnionBank, as it transforms from a traditional banking institution into a digital powerhouse capable of offering comprehensive…

Discover Shibarium’s bold journey as it aims to gather over 5 quadrillion transactions to incinerate $25,000 worth of Shiba Inu tokens, with exclusive insights from Shibburn, the esteemed Shiba Inu burn tracker. In a riveting turn of events within the world of cryptocurrencies, Shibarium, the blockchain network dedicated to Shiba Inu token burns, is making headlines with its ambitious mission to accumulate over 5 quadrillion transactions in order to burn $25,000 worth of Shiba Inu tokens (BONE). Shibburn, the esteemed Shiba Inu burn tracker, has provided exclusive insights into the ongoing endeavors surrounding Shibarium’s quest for Shiba Inu burn contributions.…

Explore the renewed optimism among Bitcoin enthusiasts as they anticipate a potential rally to $28,000, fueled by the ongoing legal drama between Binance and the SEC. Discover how historical data and upcoming events are shaping Bitcoin’s path, with insights from crypto experts. In a surprising twist amidst the ongoing legal clash between Binance, the cryptocurrency exchange giant, and the United States Securities and Exchange Commission (SEC), the Bitcoin market has found renewed optimism. On September 18, Magistrate Judge Zia Faruqui delivered a significant blow to the SEC by denying their request for access to Binance.US’s systems and instead proposing specific…

The SEC’s access to Binance.US software is restricted, escalating the dispute as CZ responds on social media, while Ceffu’s role remains enigmatic. In a recent courtroom showdown, a federal judge denied the United States Securities and Exchange Commission (SEC) unrestricted access to Binance.US’s software. This decision, handed down on September 18, has intensified the ongoing dispute between the SEC and Binance, prompting Binance CEO Changpeng Zhao (CZ) to take to X (formerly Twitter) to address a key point of contention. The primary concern revolves around the role of Ceffu within the Binance.US ecosystem. Binance.US had previously agreed to comply with…

The crypto mining sector secures vital Washington support via the Digital Power Network (DPN), backed by industry leaders, signifying a pivotal moment in its political advocacy. In a groundbreaking development, cryptocurrency miners have found a powerful advocate on Capitol Hill with the official launch of the Digital Power Network (DPN), a dynamic coalition affiliated with the Chamber of Digital Commerce. This newly formed alliance is already making waves, as it boasts the support of some of the most prominent mining giants in the United States. The DPN marks a significant milestone as the inaugural affiliate of the Chamber, sharing a…

Ripple’s CEO, Brad Garlinghouse, spearheads e-commerce expansion discussions in Washington. The company seeks to integrate its cryptocurrency into online retail, leveraging round-the-clock digital asset capabilities. Ripple’s Liquidity Hub simplifies crypto adoption, providing businesses with global payment access and spurring Bitcoin liquidity demand. The fintech giant, is making a bold move into the e-commerce arena, with its Head of Liquidity Products, Brad Chase, unveiling ambitious plans to integrate Ripple’s cryptocurrency system into every online retailer’s operations. This strategic pivot comes amid a backdrop of regulatory uncertainty surrounding cryptocurrencies. Chase emphasized the advantages of cryptocurrencies, highlighting their 24/7 operational capabilities, which make…

CertiK Alert Sounds Alarm on OneMintNFT Discord Breach – Users on Edge, Await Team’s Response Amid Crypto Uncertainty In a startling revelation, CertiK Alert, the leading platform for real-time crypto security alerts, has raised the alarm over the security breach of the OneMintNFT discord server. Users were left in shock as CertiK Alert posted a dire warning on the X app, urging them to steer clear of the compromised platform until receiving confirmation from the OneMintNFT team that control had been restored. The incident, as unveiled by CertiK Alert on its website, was first detected during the early hours of…