Market News

MoonPay receives regulatory approval as MiCA compliant

December 31, 2024 1 min read

MoonPay, a crypto payments platform, has received a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation, approved by the Dutch Authority for the Financial Markets (AFM). This approval allows MoonPay to operate its services across Europe in compliance with MiCA guidelines. Co-founder and CEO Ivan Soto-Wright emphasized that this achievement reflects MoonPay’s commitment to regulatory compliance and its role in bridging traditional finance with the evolving crypto landscape.

Bitwise Asset Management files with the SEC to launch the Bitcoin Standard Corporations ETF

December 30, 2024 1 min read

Bitwise Asset Management has submitted a filing to the SEC for the Bitcoin Standard Corporations ETF, which aims to invest in public companies that possess at least 1,000 Bitcoin in their treasuries. The ETF will focus on equity securities of companies that meet specific criteria, including a minimum market capitalization of $100 million and daily liquidity of at least $1 million, while also maintaining a public float below 10%. Unlike

Sberbank joins Russia’s central bank’s plan to expand access to digital currency across the country

December 30, 2024 1 min read

Sberbank, the biggest bank in Russia, is now part of the digital ruble pilot program with TBank and Tochka Bank, as the Central Bank of Russia (CBR) announced on December 28. This initiative now has 15 credit organizations, up from 12, and plans to add 14-15 more banks by 2025, according to Olga Skorobogatova, former First Deputy Governor of the CBR. The digital ruble, the third type of Russian currency

Japan’s Financial Services Authority (FSA) cracks down on unregistered crypto exchanges

December 29, 2024 1 min read

Japan’s Financial Services Authority (FSA) will improve internal audit processes at financial institutions, especially for cryptocurrency exchanges. This plan seeks to close gaps in the industry and bring Japan’s rules in line with global standards. The FSA will hold a roundtable discussion with important stakeholders, including members from the Japan Cryptocurrency Exchange Association and other financial groups, to find ways to enhance internal audits in the financial sector. The action

The SEC may shift away from heavy enforcement actions on crypto next year

December 28, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) is about to go through some changes in the next year, working with fewer commissioners until the Senate approves President-elect Donald Trump’s nominees. After SEC Chair Gary Gensler left, Republican commissioners Hester Peirce and Mark Uyeda will stay, which might change how the agency regulates the cryptocurrency sector. In her speech at the Blockchain Association Policy Summit, Peirce pointed out the different regulatory

Crypto.com launches a US trust company to offer digital asset custody services

December 27, 2024 1 min read

Crypto.com has announced a new trust company in the United States that will offer custody services for digital assets. The Crypto.com Custody Trust Company is an important part of the company’s growth plan in North America, focusing on wealthy individuals and institutions in the U.S. and Canada. The platform will safely store digital assets for qualified clients. In the coming weeks, it will move existing assets for U.S. and Canadian

HEX founder Richard Heart faces an Interpol Red Notice over allegations of massive tax fraud

December 24, 2024 1 min read

Richard Heart, who started HEX and is well-known in cryptocurrency, is now dealing with significant legal issues, including an Interpol Red Notice. This notice is about claims of tax evasion of hundreds of millions of euros and a violent attack on a minor. Richard James Schueler, known as Heart, is wanted for extradition by international authorities. Heart insists that the serious accusations are part of a plot against him. He

Mantle Network announces its architectural transition to a zero-knowledge (ZK) validity rollup

December 23, 2024 1 min read

Mantle Network, an Ethereum Layer 2 solution, is making a big change to a zero-knowledge (ZK) validity rollup with help from Succinct, setting a new milestone in the blockchain world. This change in architecture seeks to improve the network’s ability to handle institutional-grade asset settlements, using its modular design and EigenLayer’s EigenDA for data availability. Since its mainnet launch on July 7, 2023, Mantle has rapidly ascended to become a

Injective partners with Sonic to create an AI agents hub

December 23, 2024 1 min read

Injective and Sonic, a game platform using the Solana Virtual Machine (SVM), have teamed up to create the first cross-chain artificial intelligence (AI) agent platform. This new project will use Sonic’s HyperGrid technology to connect the Injective and Solana ecosystems, creating a Smart Agent Hub for developers. The Smart Agent Hub will use the Inter-Blockchain Communication Protocol (IBC) to enable different blockchain networks to work together easily. Injective Labs highlights

Copper Technologies Ltd. withdraws its application to register in the UK

December 23, 2024 1 min read

Copper Technologies Ltd., a well-known crypto custody company in the UK, has chosen to drop its plans to register with the Financial Conduct Authority (FCA). The company, led by former UK Chancellor Philip Hammond, is making a strategic change to grow its international operations with new CEO Amar Kuchinad at the helm, as reported by Bloomberg. Copper started in 2018 and quickly became one of the biggest crypto companies in

Bitwise targets Europe with its new Solana staking ETP

December 19, 2024 1 min read

Bitwise has launched a Solana staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States. BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared

Scammers impersonate Ledger in a phishing scam

December 19, 2024 1 min read

Ledger users are dealing with a clever phishing scam that takes advantage of the busy holiday season online. Scammers are pretending to be official Ledger messages to steal users’ recovery phrases, which are important for accessing crypto wallets. A phishing campaign, noted by Bleeping Computer, starts with emails called “Security Alert: Data Breach May Expose Your Recovery Phrase.” These messages wrongly say that a data breach has put users’ recovery