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MiCA Prompts Coinbase to Remove Selected Stablecoins in Europe
Coinbase will remove certain stablecoins from its platform in the European Economic Area (EEA) by the end of the year. The company made the announcement today (Friday), citing upcoming regulatory changes in the region.
Stablecoins are digital assets designed to maintain a stable value by being tied to a fiat currency or other asset. These tokens have become popular in recent years due
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SEC Claims Lejilex’s Lawsuit Seeks to “Redefine Crypto as Non-Security”
Crypto startup Lejilex and the United States Securities and Exchange Commission (SEC) are engaged in a legal battle over the classification of cryptocurrencies. Both parties have submitted competing briefs for summary judgment in a Texas federal court.
Lejilex, which is part of the Crypto Freedom Alliance of Texas, filed its brief on October 3. The company argues that it intends
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Kraken's 24/7 Derivatives Platform in Bermuda Obtains Regulatory Approval
Kraken has announced the launch of its new global derivatives venue in Bermuda. This initiative aims to provide clients with a licensed trading platform in a recognized jurisdiction.
Bermuda Authority Approves Kraken Venue
Kraken's new venue allows clients to trade derivatives around the clock, aligning with the 24/7 nature of the cryptocurrency market. According to the press
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SEC Formally Moves to Appeal $125 Million Fine against Ripple
The Securities and Exchange Commission (SEC) yesterday (Wednesday) formally moved to appeal a federal judge's decision in the regulator’s case against Ripple, which resulted in a $125 million fine.
SEC Files “Notice of Appeal”
The regulator filed a "notice of appeal" to the Second Circuit Court of Appeals, indicating its intention to challenge the
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MARA Stock: Shares of Wall Street's Biggest Crypto Miner Set to Surge 50%
Marathon Digital Holdings, the largest publicly listed Bitcoin (BTC) miner on Wall Street (NASDAQ: MARA), has caught the attention of financial group Macquarie, which initiated coverage of the company's shares with an “Outperform” rating. Due to the company's moves towards the artificial intelligence (AI) industry, the stock
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Cybersecurity Losses Surge to $2.1 Billion in 2024; WazirX Seeks Court Protection
The year 2024 has recorded unprecedented losses in the cybersecurity landscape. By the end of Q3, they reached $2.11 billion in total, surpassing all the losses from 2023, Cyvers' report shows.
The year has witnessed a sharp increase in hacking incidents. This highlights a growing threat landscape that necessitates immediate attention, as shown by the significant breach of WazirX and
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Bitwise Creates an XRP ETF Trust: Will There Be Another Crypto ETF?
After successfully listing Bitcoin and Ethereum exchange-traded funds (ETFs) on US exchanges, Bitwise is now moving towards creating an XRP ETF and has already registered a trust entity in the state of Delaware on Tuesday.
An XRP ETF Trust
The newly registered firm appeared on the US state's Division of Corporations website, and Bitwise confirmed its authenticity on multiple media
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Dubai Licenses Ripple to Launch Cross-Border Payment Services
Blockchain network Ripple obtained approval from Dubai's regulators to launch its payment infrastructure across the UAE. The in-principle approval was awarded by the Dubai Financial Services Authority (DFSA). According to the company's announcement, this move enhances its presence in the region and provides a platform for blockchain-enabled payment services in the rapidly expanding crypto
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Binance Secures 20th Regulatory Approval as a VASP from Argentina's CNV
Binance has recently registered as a Virtual Asset Service Provider with Argentina's National Securities Commission (CNV).
This registration is a notable regulatory milestone for the company, marking its 20th such achievement globally. The approval allows Binance to offer its full range of services to users in Argentina.
Binance Focuses on Compliance
This development
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Robinhood Introduces Crypto Transfers for EU Customers, Eyes Market Share
Robinhood Markets announced today (Tuesday) the launch of cryptocurrency transfers for its European customers, marking an important expansion of its services in the region.
The new feature enables users to deposit and withdraw two dozen digital assets, including major tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC).
Robinhood Crypto
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Binance Introduces Pre-Market Spot Trading for Crypto Investors
Binance introduced a pre-market spot trading feature to enable cryptocurrency investors to buy and sell tokens before their official market listing. The new service enables users to trade tokens generated from selected Launchpool projects ahead of their spot market listings.
According to the official statement, this approach targets Launchpool participants and promises to broaden the
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Coinbase Challenges SEC: Judges Question the Regulator's Crypto Rulemaking Rejection
The US Court of Appeals for the Third Circuit raised concerns over the Securities and Exchange Commission's (SEC) denial of a rulemaking petition by Coinbase. The exchange, the largest in the US, has criticized the SEC for the lack of clear rules for the industry.
Coinbase and SEC Face Off
The legal battle between Coinbase and the SEC is before the US Court of Appeals for the
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Crypto ATM Network: First UK Conviction for Illegal Operation Valued at £2.6M
In a landmark case, Olumide Osunkoya has pleaded guilty to operating an illegal network of cryptocurrency ATMs across the United Kingdom, marking the first conviction of its kind in the country. The 45-year-old London resident admitted to five offenses at Westminster Magistrates' Court today (Monday), including running unregistered crypto ATMs, creating false documents, and
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Bybit Secures Full Crypto License in Kazakhstan, Targets CIS Expansion
Kazakhstan granted cryptocurrency exchange Bybit full license approval. Awarded by the Astana Financial Service Authority (AFSA), this approval strengthens the exchange's expansion in the region. It allows the company to offer a range of crypto services. It also marks a win in its ongoing global expansion.
Kazakhstan's Role in the Crypto Space
Kazakhstan has emerged as a key hub
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Canada's Crypto Firms Get More Time to Comply with Stablecoin Rules
The Canadian Securities Administrators (CSA) has updated stablecoin regulations for crypto asset trading platforms. The CSA has also extended the compliance deadline for registered firms to meet new conditions or propose alternatives to protect investors.
CSA Extends Stablecoin Compliance Deadline
Despite global efforts to develop payment-based and banking-based regulatory
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