Author: Sophia Hernandez

Article written by Sophia Hernandez

Victory for Dutch Crypto Companies in $2.3M Regulatory Fee Dispute

October 6, 2023 2 mins read

Dutch crypto companies, including Bitvavo and Coinmerce, have achieved a significant legal victory in their ongoing battle against hefty fees totaling $2.3 million imposed by Dutch regulators. In two separate judgments issued on a Wednesday, a Rotterdam court ruled that the Dutch central bank (DNB) had exceeded its legal authority by charging companies for registration related to anti-money laundering compliance. The court stated that the way the DNB evaluated registration

Meta Plans to Offer Ad-Free Service to EU Users for a Fee on Instagram and Facebook, Says Source

October 3, 2023 1 min read

Meta Platforms, the parent company of Facebook and Instagram, is considering offering ad-free subscription plans to users in Europe. The move is seen as an attempt by Meta to comply with European Union regulations that threaten to curb its ability to personalize ads for users without their consent. According to two people familiar with the matter, Meta has discussed several pricing plans, but the most feasible option is a 10

FTX Exchange ‘Hacker’ Transferred 15K ETH Over the Weekend

October 2, 2023 2 mins read

In a surprising turn of events, all 15,000 Ethers (ETH) that had been sitting in a wallet associated with last year’s $600 million attack on FTX have now been moved through privacy tools and bridges. This development sheds new light on one of the ongoing mysteries surrounding the exchange’s collapse in 2022. The Attack and Stolen Funds In November 2022, shortly after FTX and its affiliated companies filed for bankruptcy,

How HTX’s $8 Million Hack Impacts Centralized Crypto Exchanges

September 30, 2023 2 mins read

Earlier this week, cryptocurrency exchange HTX, formerly known as Huobi, experienced a significant security breach. Around 5,000 Ether (ETH), valued at $7.9 million, was stolen by a hacker who compromised the exchange’s hot wallet, making off with the assets in a single sweep. In response to the breach, Tron founder and HTX advisor Justin Sun reassured users that their assets would be safe and the exchange would cover the losses.

SEC Initiates Process to Decide the Future of Spot Bitcoin ETFs, Seeks Public Input

September 29, 2023 2 mins read

The U.S. Securities and Exchange Commission (SEC) has taken significant steps regarding spot Bitcoin exchange-traded funds (ETFs) in filings submitted on September 28. These filings set in motion proceedings that will help the SEC decide whether to approve or reject proposed rule changes, potentially allowing spot Bitcoin ETFs to trade on commodities exchanges. In these filings, the SEC is seeking input from the public on various matters. The first section

Chainlink (LINK) Overtakes Shiba Inu (SHIB) in Crypto Rankings

September 28, 2023 1 min read

Shiba Inu (SHIB), a well-known player in the world of meme coins, finds itself in a precarious position today. SHIB briefly slipped below Chainlink (LINK) in terms of market capitalization, as reported by data from CoinMarketCap. Although SHIB managed to reclaim its spot above LINK for now, the gap between the two remains narrow. This situation has placed the second-largest meme coin on the verge of dropping out of the

Binance Japan and Mitsubishi Partner Up for Stablecoin Development

September 26, 2023 1 min read

Binance Japan is joining forces with Mitsubishi UFJ Trust Bank (MUTB) to create new stablecoins pegged to major currencies in Japan. These stablecoins will be tied to fiat currencies like the Japanese Yen and foreign currencies such as the U.S. Dollar. The foundation for these stablecoins will be Progmat Coin, an infrastructure platform owned by Mitsubishi, that complies with Japan’s Payments Service Act. Progmat Coin has garnered support from several

Hong Kong Reveals Crypto License Applicants

September 25, 2023 1 min read

Hong Kong has decided to increase transparency by revealing the names of companies that have applied for retail crypto trading licenses. This move comes in response to the recent controversy surrounding the trading platform JPEX. The Securities and Futures Commission (SFC) announced that it will publish several lists, including licensed virtual asset trading platforms (VATPs), closing-down VATPs, and VATPs deemed licensed as of June 1, 2024. Additionally, a list of

Bybit Exchange Suspends Operations in the UK After CEO Hints at Exit

September 22, 2023 2 mins read

Crypto exchange Bybit is exiting the UK market ahead of new cryptocurrency marketing rules set to be enforced by the country’s financial regulator, the Financial Conduct Authority (FCA), next month. The FCA is introducing new rules to make the marketing of crypto products more transparent and accurate, including a cooling-off period for first-time investors. Bybit confirmed its decision to exit the UK market, stating that it chose to embrace the

SEC Raises Concerns Over Binance.US’s Non-Cooperation

September 18, 2023 1 min read

The United States Securities and Exchange Commission (SEC) has ratcheted up its ongoing legal battle with Binance.US, alleging a lack of cooperation from the cryptocurrency exchange on September 14th. In a recent court filing, the SEC did not mince words, taking issue with Binance.US’s holding company, BAM, for providing a scant 220 documents during the discovery process. What’s more, the SEC claimed that many of these documents were marred by

Google Unveils $20 Million Fund for Responsible AI Advancements

September 13, 2023 2 mins read

Following the Google Cloud Next conference in San Francisco, where Google unveiled a host of generative AI projects and tools, the tech giant has announced the launch of the Digital Futures Project. This initiative aims to bring together diverse voices in the field of AI development and promote responsible AI innovation. Alongside this project, Google has introduced a $20 million fund dedicated to supporting the responsible development of AI. A

Binance to Remove These Cryptocurrencies from Its Platform Starting September 8

September 7, 2023 1 min read

Binance has decided to delist several spot trading pairs. This decision follows a routine assessment of all spot trading pairs, with a focus on factors such as liquidity and trading volume. Starting September 8, 2023, Binance will cease trading activities for a range of spot trading pairs. The initial list of removals includes trading pairs like AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, and MOB/BUSD. Following this initial phase, the