Binance to Delist Multiple Tokens Amid Regulatory Compliance Drive

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

Binance, the world’s largest cryptocurrency exchange by trading volume, announced its decision to delist several tokens, including OmiseGo (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). According to Binance’s official statement, all spot and margin trading...

Hong Kong’s Crypto Crackdown: Unlicensed Exchanges Ordered to Cease Operations

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

All cryptocurrency exchanges that have not applied for an operational license with Hong Kong’s Securities and Futures Commission (SFC) are now legally required to cease operations in the region immediately. This decisive move aims to safeguard investors by...

El Salvador’s Crypto-Friendly President Nayib Bukele Secures Another Five-Year Term

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

El Salvador’s 42-year-old President Nayib Bukele, known for his strong support of cryptocurrency, is set to govern for another five years after securing near-total control of parliament. This significant political development was marked by a grand inauguration...

China and UAE Unite to Combat Crypto-Related Cybercrime and Bolster Trade

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

China and the United Arab Emirates (UAE) have pledged to fortify their cooperation in the battle against cybercrime linked to cryptocurrency. This commitment was announced in a joint statement released following UAE President Mohammed bin Zayed Al Nahyan’s state...

ESMA Mandates “Unwavering Commitment” to Client Interests in AI Usage for Financial Firms

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

The European Securities and Markets Authority (ESMA) has issued a significant directive requiring banks and investment firms to maintain an “unwavering commitment” to the best interests of their clients when utilizing artificial intelligence (AI). Released...

U.S. Treasury Releases Risk Assessment for NFTs showcasing Security Concerns

by Александр Пирогов | May 30, 2024 | Blog News

The United States Treasury Department has published its financial risk assessment for nonfungible tokens (NFTs), providing regulators with crucial insights into potential risks and security concerns in the rapidly evolving NFT market. The Treasury identified several...