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South African Regulator Grants Approval to 59 Crypto Platforms for Resident Services

South Africa's financial regulator has granted approval to 59 license applications from cryptocurrency platforms seeking to offer services.

, by Ruholamin Haqshanas

German Federal Bank Landesbank to Offer Crypto Custody Services With Bitpanda

German federal bank Landesbank Baden-Württemberg has entered a crypto partnership with Bitpanda to offer crypto-asset custody services in the second half of 2024. In an announcement shared with CryptoNews, Bitpanda said over the next few months it will work with the German bank to provide...

, by Tanzeel Akhtar

Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds

Hong Kong Securities and Futures Commission (SFC) has just approved first spot Bitcoin and Ethereum exchange-traded funds (ETFs). Several official announcements have confirmed the approvals, including those submitted by China Asset Management Co. (China AMC), Harvest Global Investments, and...

, by Hongji Feng

Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition

The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya.

, by Ruholamin Haqshanas

HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch

HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality, the South China Morning Post reported Monday. However, the bank intends to steer clear of volatile...

, by Shalini Nagarajan

IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year

Guy Ficco, the Criminal Investigation Chief at Internal Revenue Service (IRS), has indicated the agency is bracing for a significant increase in cases of crypto-related tax evasion this tax season. In an interview with CNBC at the Chainalysis Links event in New York, Ficco expressed concerns...

, by Hongji Feng

Miners Could Offload $5 Billion in Bitcoin Following Halving, Warns 10x Research

A notable outflow of Bitcoin from miners could be on the horizon in the months following the upcoming halving event.

, by Ruholamin Haqshanas

Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry Rep

A Vietnam ministry representative clarified Friday that crypto is not prohibited within the country. However, he emphasized the importance of establishing a legal framework to regulate them and mitigate potential risks. Cao Dang Vinh, deputy director of the economic and civil legislation...

, by Shalini Nagarajan

Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts

Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed. Per Forbes Russia, the nation’s retail sector could be in for a windfall if CBDC adoption plans go ahead as planned. Experts said the retail market could...

Japan’s Ruling Party Urges ‘Immediate’ Crypto Tax Reform

Japan’s ruling party, the Liberal Democratic Party, wants the government to carry out “immediate” crypto tax reforms. Per an official Liberal Democratic Party release and a report from the Japanese-language media outlet CoinPost, the party’s web3 project team unveiled a...

Crypto Markets Crash as Iranian Drone Attack on Israel Sparks Sell-Off

The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off.

, by Ruholamin Haqshanas

Uniswap Labs Implements Fee Increase to 0.25% on Mainnet and Layer 2 Swaps

Uniswap Labs, the creator of the Uniswap protocol, has increased the fees charged to users for trading on its interface.

, by Ruholamin Haqshanas

Beauty and Fashion Brands Use Web3 Technology To Better Engage With Consumers

Web3 technology helps brands better connect with consumers through digital collectables, NFC tags and more.

, by Rachel Wolfson

VeChain Teams Up with UFC to Tokenize Fighter Gloves, Community Reacts

Blockchain platform VeChain has announced its partnership with the UFC\ to tokenize fighter gloves and track their identities.

, by Ruholamin Haqshanas

Concerns Raised Over China’s Influence on US Bitcoin Mining Infrastructure

Amidst growing concerns about national security, China's role in the cryptocurrency sphere has become a focal point of discussion.

, by Ruholamin Haqshanas

Top Crypto Gainers Today on DEXTools – 420, WOPE, PEP

On a day where cryptocurrency markets were roiled by geopolitical tensions in the Middle East and most major altcoins posted declines of north of 10% in the past 24 hours, traders flocked to the on-chain shitcoin markets to find top crypto gainers today. Israel is braced for a counterattack...

, by Michael Davis

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