Chinese Authorities Raid Cryptocurrency Exchange Fraud, Seize $300 Million

by Александр Пирогов | May 13, 2024 | Blog News

Chinese officials have conducted a significant raid against a major cryptocurrency exchange fraud, resulting in the seizure of approximately $300 million and the arrest of six individuals involved in the illegal activities. The operation, carried out by the Public...

XRP Healthcare Secures Trademark in Uganda, Poised for Healthcare Revolution

by Александр Пирогов | May 13, 2024 | Blog News

XRP Healthcare has achieved a significant milestone by successfully registering its trademark in Uganda, signaling a strategic move towards establishing its own network of pharmacies, medical centers, and hospitals within the country. This development is part of XRP...

Philippines Central Bank Approves Trials for National Stablecoin ‘Peso’

by Александр Пирогов | May 13, 2024 | Blog News

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin pegged 1:1 to the local peso. In collaboration with crypto wallet provider Coins.ph, the BSP aims to explore the potential of a...

Singapore to Introduce First Spot Crypto Exchange-Traded Funds (ETFs) in the Region

by Александр Пирогов | May 10, 2024 | Blog News

Singapore is poised to pioneer the region’s inaugural spot crypto exchange-traded funds (ETFs) in collaboration with Hong Kong’s Harvest Global Investments and Singaporean fintech firm MetaComp. This groundbreaking initiative, announced recently, marks a...

Binance Hit with $4.4 Million Fine by Canadian Regulator Amidst Compliance Concerns

by Александр Пирогов | May 10, 2024 | Blog News

Binance, the world’s largest cryptocurrency exchange, faces mounting regulatory woes as Canada’s financial regulator, FINTRAC, imposes a hefty fine of C$6 million ($4.4 million). The penalty stems from alleged violations related to anti-money laundering...

Tether Fires Back at Deutsche Bank’s Stablecoin Concerns, Defends Transparency Amid Growing Regulatory Scrutiny

by Александр Пирогов | May 10, 2024 | Blog News

Deutsche Bank Research has stirred controversy within the financial realm by scrutinizing stablecoins, particularly focusing on Tether’s USDT. The report, examining 334 historical currency pegs dating back to 1800, revealed that only 14% have maintained...