Author: Ava Patel

Article written by Ava Patel

Blockchain-based prediction site Polymarket faces a ban in Singapore

January 14, 2025 1 min read

Polymarket, a blockchain-based prediction platform, has been banned in Singapore for being an unlicensed gambling site. This action is in line with Singapore’s strict gambling regulations, which only permit betting through state-approved operators. The ban adds to Polymarket’s regulatory issues in the United States and France. On January 12, Alex Zuo, Vice President of Investment and Custody at Cobo Global, announced on X (formerly Twitter) that Singapore had officially classified

Standard Chartered secures a Luxembourg license under MiCA to offer crypto custody across the EU

January 11, 2025 1 min read

Standard Chartered, a major British bank, has received a license in Luxembourg to offer digital asset custody services throughout the European Union. This development is part of the bank’s strategy to expand its cryptocurrency services in line with the new Markets in Crypto-Assets (MiCA) regulations, which aim to standardize crypto rules across the EU. With this license, Standard Chartered can create a regulated entry point into the EU, allowing it

Gemini crypto exchange agrees to pay $5M settlement in CFTC case

January 8, 2025 1 min read

Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission (CFTC). The case involved allegations that Gemini made misleading statements about the manipulation of bitcoin futures contracts over seven years ago. The settlement was announced in a letter from CFTC attorney K. Brent Tomer. Notably, Gemini did not admit or deny any wrongdoing.

Telegram’s Toncoin Makes Over $1 Billion Profit In 2024 So What’s Next For Its Crypto Coin

January 6, 2025 3 mins read

The Toncoin (TON) USDT fund has surpassed the $1 billion milestone as its ecosystem continues to expand with record-breaking user participation. With the entire crypto market gearing up for an explosive Q1, Toncoin could soon emerge as a top performer in the Layer-1 landscape, with analysts predicting a $10 TON in late January. Toncoin Set For Massive Adoption In 2025 Largely viewed as Telegram’s blockchain extension, Toncoin directly taps into

Coinbase reveals FDIC letters urging banks to pause crypto services

January 5, 2025 1 min read

Coinbase has recently revealed that the Federal Deposit Insurance Corporation (FDIC) is advising banks to temporarily suspend cryptocurrency-related activities, igniting controversy reminiscent of “Operation Chokepoint.” Critics, including leaders from Coinbase and Ripple, argue that the FDIC’s actions overstep constitutional limits and aim to suppress the cryptocurrency sector. On January 3, Coinbase’s Chief Legal Officer, Paul Grewal, disclosed that the FDIC had sent letters instructing banks to limit services related to

SUI surges by over 20% in 24 hours, hitting new all-time high

January 5, 2025 1 min read

As 2024 concludes, Ethereum enthusiasts face disappointment as the cryptocurrency fails to reach anticipated price highs, unlike Bitcoin, which soared to $98K at the start of 2025. In contrast, Layer 1 blockchains like Solana (SOL) and SUI (SUI) are capturing market attention, particularly SUI, which has recently experienced a remarkable price surge. SUI’s native token has surpassed its previous all-time high of $4.98, reaching $5.20—a 20% increase within a single

Binance secures its 21st global license in Brazil

January 3, 2025 1 min read

Binance has recently achieved a significant milestone by obtaining its 21st global regulatory license from the Central Bank of Brazil, following its acquisition of licensed broker-dealer Sim;paul. This license enables Binance to enhance its services while adhering to Brazil’s evolving financial regulations, marking a strategic expansion into one of Latin America’s largest economies. Sim;paul’s existing licenses for securities distribution and electronic money issuance provide Binance with a competitive edge in

The infamous Blockchain Bandit resurfaces after 5 years, moving $172 million in Ethereum

January 1, 2025 1 min read

A figure known as the “Blockchain Bandit” is back after five years, moving 51,000 ETH worth about $172 million from ten inactive wallets to a multi-signature wallet. The sudden transfer of funds, which have been inactive since 2018, has raised concerns among cybersecurity experts. They think it might suggest plans for liquidation, laundering, or new cyber attacks. The Blockchain Bandit became well-known in 2018 for taking advantage of Ethereum wallets

Experts remain skeptical about the US adopting Bitcoin as a financial reserve

December 31, 2024 2 mins read

The possibility of the United States using Bitcoin as a financial reserve is uncertain right now, with prediction markets showing a drop in confidence. Experts highlight several political and economic issues that might block this possibility, especially during Donald Trump’s administration. Some people support Bitcoin, thinking it could improve financial stability with traditional reserves like gold, but there are still big challenges ahead. Prediction markets reveal very different views. Polymarket

Bitget Wallet to prioritize its native BGB token for multi-chain gas payments

December 29, 2024 1 min read

Bitget Wallet has shared an important update about its BGB token. Starting January 2025, BGB will be the main choice for multi-chain gas payments with the new GetGas feature. This feature helps make transactions easier across different blockchains like Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron. Users can pay gas fees with BGB, USDT, or USDC, removing the need for different gas tokens on each blockchain.

Thailand considers a Bitcoin payment pilot in Phuket’s tourism sector

December 27, 2024 1 min read

Thailand is looking into using Bitcoin payments in its tourism sector, with Phuket as a possible testing location in the Digital Asset Regulatory Sandbox starting in 2024. Thaksin Shinawatra, a former Prime Minister and supporter of cryptocurrencies, suggested that using Bitcoin for tourism could bring in tech-savvy tourists and boost the local economy. He pointed out that Thailand depends a lot on tourism and foreign investment, which makes it a

Bitcoin ETFs see $1.2 billion outflows in three days

December 26, 2024 1 min read

Bitcoin exchange-traded funds (ETFs) have seen large withdrawals lately, amounting to almost $1.2 billion in just three days, including a record single-day pull of $680 million on December 19. This is the biggest outflow since Bitcoin ETFs started, causing analysts to worry about changes in investor feelings, even though profit-taking is said to be the main reason. Before this decline, Bitcoin ETFs saw strong inflows, raising total assets from $100