FTX and CFTC Settle 19-Month Lawsuit for $12.7 Billion, Pending Court Approval
FTX, a bankrupt cryptocurrency exchange, and the United States Commodities Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement. This agreement resolves a...
Banking Giant’s Crypto Arm Snaps Up OTC Trading Powerhouse
Standard Chartered-backed Zodia Markets has agreed to acquire Elwood Capital Management Ltd (ECML), the digital asset over-the-counter (OTC) trading business of Elwood Technologies, in a...
You Won’t Believe How Much Institutional Crypto Trading Has Exploded in 2024
The over-the-counter (OTC) institutional cryptocurrency market experienced a significant uptick in the first half of 2024, with total spot transaction volumes soaring 95% year-over-year. Institutional...
Bitget Ranks Third among Crypto Exchanges for Capital Inflows in Q2
Although Bitget is not the largest cryptocurrency exchange in terms of total volumes, it closed a favorable quarter. From April to June, the platform ranked...
Binance Nears Sale of Gopax Majority Stake: Report
Binance is finalizing the sale of its majority stake in crypto exchange Gopax to South Korean cloud service provider Megazone, local media publication The Chosun...
Cyprus Targets Crypto and Non-Profit Organizations in Warning Against Terror Financing
Cyprus has issued an alert to financial professionals, emphasizing their pivotal role in thwarting terror financing. This directive by the Institute of Certified Public Accountants...
Crypto Exchange Volumes Dip 20% in June, But Huobi Bucks the Trend
The past six months could have been some of the most significant in Bitcoin‘s history. However, the continuing decline in prices from historical highs has...
Why Is South Korea Postponing Crypto Taxation?
In a strategic move influenced by upcoming general elections, South Korea has decided to delay the implementation of taxes on cryptocurrency gains until 2028. Initially,...
SEC Grants Preliminary Approval to Ether ETFs: 3 Firms Eye Tuesday Debut
The United States Securities and Exchange Commission (SEC) has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds...
Korea to Combat “Unfair Trading” in Crypto with New Regulations Starting This Week
South Korean cryptocurrency exchanges are racing to implement new monitoring systems as the country’s first comprehensive law on virtual asset user protection is set to...
