Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). This decision has been confirmed by the Financial Supervisory Commission, listing Taiwan Mobile as the 26th VASP in the country. With Lin Zhichen named as the person
Exchanges
Recently, Binance.US, the American branch of the global cryptocurrency exchange Binance, faced a setback in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to dismiss the SEC’s allegations, the US District Court ruled in favor of the SEC, allowing the case to move forward. This decision came after the Court
Sony Group, a prominent conglomerate in Japan, has recently acquired Amber Japan, leading to the launch of a new crypto exchange. The WhaleFin exchange, now renamed S.BLOX Co, will undergo a redesign of its UI screen and the release of a new app to enhance user experience. Sony plans to expand the supported currencies and
Jesse Powell, the founder of Kraken, made headlines recently with his $1 million donation, mainly in Ethereum, to support former President Donald Trump’s re-election bid. Powell stated that his donation aimed to help the US maintain its leadership in blockchain technology. He expressed his excitement to unite with other leaders in the crypto community to
FTX, a prominent cryptocurrency exchange, recently received approval from a US bankruptcy court to proceed with a liquidation plan that involves settling customer claims in cash. This decision has sparked controversy among customers who are dissatisfied with the proposed payment amounts based on crypto prices at the time of FTX’s collapse in November 2022. Despite
In a recent development, a federal judge in California expressed his inclination to allow the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken to move forward. Judge William Orrick indicated that he was leaning towards denying Kraken’s request for dismissal, raising uncertainties about the exchange’s legal standing in the case. During the oral arguments
Binance, the leading cryptocurrency exchange globally, has been facing a series of regulatory challenges in various countries like India, Canada, and the United States. India’s Financial Intelligence Unit recently imposed a hefty fine of 188.2 million Indian Rupees, approximately $2.2 million, on Binance for failing to comply with the country’s Anti-Money Laundering (AML) regulations. The
In a recent turn of events, CertiK, a blockchain security firm, revealed that it had discovered a critical vulnerability in the deposit system of the popular crypto exchange, Kraken. This vulnerability could potentially lead to millions of dollars being deposited into any Kraken account, with fabricated crypto worth over $1 million being withdrawn and converted
A recent development in the legal battle involving Binance executive Nadeem Anjarwalla in Nigeria saw the federal high court dismissing the human rights lawsuit filed by him against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The dismissal came on June 19, as Justice Inyang Ekwo noted Anjarwalla’s absence of legal
When it comes to traveling with cryptocurrency, one of the most crucial aspects to consider is the security of your digital wallet. It is essential to implement time-tested strategies to ensure that your funds are safe and accessible while on the move. Securing Internet Connections Accessing your crypto accounts while traveling requires you to prioritize