Coinbase may launch an offshore derivatives exchange in Bermuda as soon as next week. The American exchange has already obtained a license to operate in the island nation.
The Bank of England has indicated that UK's market regulators may need to enforce limits on the usage of stablecoins for payments.
Tron founder Justin Sun has denied the rumors claiming that he got arrested in Hong Kong earlier today.
Tron founder Justin Sun reportedly lost his diplomatic status as Grenada's permanent ambassador to the World Trade Organization (WTO) in June 2022.
The United States and South Korea have both requested the extradition of Do Kwon from Montenegro. The country's Justice Minster has clarified that court proceedings in Montenegro will have priority over extradition.
The bitcoin mining industry in Texas remains undeterred amid growing concerns over the industry's rising power consumption. Power consumed by bitcoin miners went up 75% last year.
Do Kwon, the man behind Terraform Labs, has been arrested in Montenegro. Kwon was traveling with falsified documents when he was detained by Montenegrin authorities.
The war in Ukraine has brought forward the real world use cases of crypto. Humanitarian agencies have leveraged crypto to distribute monetary aid to the refugees in Ukraine.
Binance is set to suspend deposits and withdrawals via bank transfers for its UK-based customers. The decision comes after the exchange's local banking partner ended ties due to the regulatory environment.
SWIFT is set to go ahead with the second phase of its CBDC testing after seeing positive results in a test run that saw participation from the Monetary Authority of Singapore, Standard Chartered, etc.
Banks in the U.K are ramping up the restrictions imposed on purchase of crypto assets by customers. HSBC and Nationwide Building Society have banned crypto purchases through credit cards.
Hong Kong-based HashKey Capital has raised $500 million for its third crypto fund. The capital will be deployed to promote blockchain adoption around the world.