crypto assets

The trial of FTX founder Sam Bankman-Fried is another age-old story of a financial entity defrauding its users, according to Robinson Burkey of the Wormhole Foundation. The majority of the crypto industry will soon rejoice, Burkey predicts. “The majority of the crypto industry is going to be...

The U.K. Financial Conduct Authority (FCA) officially recognized PayPal (NASDAQ: PYPL) as a crypto service provider, as indicated on the regulator's portal. The approval, granted to PayPal UK on Tuesday, Oct. 31, allows the firm to partake in "certain cryptoasset activities."...

Since the U.K. introduced new promotional regulations for crypto assets on Oct. 8, there have already been 221 breaches by various crypto firms. That's according to the Financial Conduct Authority (FCA). Regulators intended for the new legislation to provide consumers with accurate...

The European Banking Authority (EBA) and the European Securities Markets Authority (ESMA) have jointly rolled out a consultation paper, outlining draft guidelines on the suitability assessment of members of the management body of issuers of asset-referenced tokens (ARTs), commonly known as...

Coinbase (NASDAQ: COIN) has identified Ireland as its principal center for EU operations and regulatory affairs. What Happened: The crypto exchange has forwarded its licensing application to the Central Bank of Ireland in preparation for the move, CNBC reported. The decision aligns with the...

In a united call to action, Sen. Elizabeth Warren (D-Mass.) along with more than a hundred lawmakers voiced concerns about the dangerous potential of cryptocurrency in financing terrorism, spotlighting recent events in which Hamas reportedly raised millions in crypto to fund aggressive...

In light of recent developments with the UK Financial Promotions Regime for qualifying crypto assets, Binance on Monday announced a temporary halt on accepting new users from the UK. The regulations, which are effective from Oct. 8, stipulate that overseas firms such as Binance could promote...

The U.K. Financial Conduct Authority (FCA) has intensified its scrutiny on the cryptocurrency sector. Exchanges including Huobi and KuCoin, among several others, have been highlighted for offering their services to U.K. residents without the necessary regulatory permissions, Bloomberg reported. As...

JP Morgan Chase & Co (NYSE: JPM), the prominent banking institution, decided to halt cryptocurrency-related transactions for its U.K. clientele starting Oct. 16, according to a recent communication to its users. The bank stated, "If we think you're making a payment related to...

Coinbase Inc. (NASDAQ: COIN) recently announced it has secured an Anti-Money Laundering (AML) registration with the Bank of Spain. The move positions the crypto exchange as an official custodian wallet provider in the country. This development, part of the company's “Go Broad,...

South Korea's taxation body revealed that this year, individuals and firms disclosed foreign cryptocurrency assets amounting to 130.8 trillion won ($98.5 billion). This comes after South Korea mandated the declaration of foreign crypto assets, The Block reported. Incorporating this into the...

The U.S. Securities and Exchange Commission (SEC) remains vigilant in its pursuit of crypto platforms and decentralized finance (DeFi) entities that it believes are infringing upon securities regulations, akin to the actions against Coinbase Global Inc. (NASDAQ: COIN) and Binance, stated David...

The Securities and Exchange Commission (SEC) on Monday raised concerns about Binance.US's asset collateralization practices. A court filing reveals that Binance US's auditor had difficulties ensuring the company was "fully collateralized at specific points in time." The SEC's...

The U.S. Securities and Exchange Commission (SEC) intensified its call for a Washington, D.C., court to greenlight an investigation into Binance.US. This move followed the SEC's earlier claims that Binance.US did not provide the necessary documents in the ongoing legal battle. The...

Concerns have been raised regarding the potential market impact of FTX's (CRYPTO: FTT) liquidations on certain cryptocurrencies, in an analysis by a crypto analytics firm. Messari's analysis highlights that while major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:...