Crypto industry

Crypto custodian Prime Trust may be under scrutiny, but the broader digital-asset market appears to be in a recovery phase and is poised for growth in the coming years, observers say. What Happened: Nevada's Department of Business and Industry declared Prime Trust "critically deficient...

Crypto.com, a prominent player in the cryptocurrency sector, has made strides in expanding its footprint in Europe. What Happened: The company just secured a coveted registration as a Virtual Asset Service Provider (VASP) from the Bank of Spain. This green light allows the platform to...

BOCI, the investment banking subsidiary of the Bank of China, has broken new ground by launching tokenized structured notes worth 200 million offshore renminbi (equivalent to $28 million) on the Ethereum (CRYPTO: ETH) blockchain. The move marks BOCI as the pioneer among Chinese financial entities...

JPMorgan Chase & Co (NYSE: JPM) on Monday underscored the significance of recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN), stressing that these lawsuits highlight the pressing...

Coinbase CEO (NASDAQ: COIN) Brian Armstrong has asserted that the lawsuit filed against his company by the U.S. Securities and Exchange Commission (SEC) is vastly different from the one filed against rival cryptocurrency exchange Binance (CRYPTO: BNB). Speaking to CNBC,...

There are currently over 1,000 crypto projects that are using artificial intelligence (AI) in some way, according to Coinbase (NASDAQ: COIN). The market capitalization of crypto projects directly developing AI models on the blockchain, applying AI to decentralized applications, or solving for AI-...

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) have agreed to collaborate on cryptocurrency regulation and financial technology development, a move welcomed by experts, who say it is a positive development for the global cryptocurrency industry...

The European Union has reached a significant milestone in cryptocurrency regulation as it formally enacted the Markets in Crypto Assets (MiCA) regulation, positioning the bloc as a pioneer in tailored rules for the sector. The signing ceremony was led by European Parliament President Roberta...

A former high-ranking official of the renowned South Korean crypto exchange, Coinone, conceded to allegations of accepting bribes for listing specific digital currencies. The ex-executive, referred to as "Mr. Jeon," was the previous listing director at Coinone, as per the local news...

Cryptocurrency consortium Fahrenheit won the auction for bankrupt lender Celsius Network (CRYPTO: CEL). The consortium is required to secure the deal with a $10 million deposit within the next three days, as per the court documents filed early Thursday morning. Previous evaluations had estimated...

A court in Montenegro overturned a prior ruling that granted bail to ex-crypto titan and co-founder of Terraform Labs, Do Kwon. The high court's decision, which took place in Montenegro's capital of Podgorica, meant Kwon would continue to be held in custody, Bloomberg quoted...

The first quarter of 2023 saw a remarkable 70% decrease in cyberattacks on crypto projects and token protocols as compared to the same period last year, Coindesk reported citing security firm TRM Labs. Lower amounts were stolen in the first three months of 2023 compared to any quarter of 2022 due...

Cryptocurrency hardware wallet provider Ledger has decided to postpone the launch of its highly anticipated Ledger Recover service following a wave of criticism on social media. The company faced significant backlash due to what its CEO, Pascal Gauthier, referred to as an "unintentional...

Russian President Vladimir Putin has announced a list of 500 individuals who are now facing travel and financial restrictions, which includes BJ Kang, the head of investigations for Binance.US and a former FBI agent. This move is believed to be in response to recent sanctions imposed by the United...

Jan Van Eck, the CEO of VanEck, an investment management firm, has predicted a bleak future for the launch of a Bitcoin-spot exchange-traded fund (ETF) in the United States, dismissing any near-term chances of approval. He expressed this sentiment during a discussion at the ongoing Bitcoin...