The VASP license is mandatory and a prerequisite for conducting virtual asset business in Dubai. According to White & Case, the license, once obtained, is valid for one year and must be renewed annually. The exchange said it will soon announce plans, terms, and the exact time to start operating under the new licensed entity. Source
Bitkub Capital Group Holdings, the parent company of Thailand’s leading cryptocurrency exchange, is ramping up its workforce as it prepares for its anticipated initial public offering (IPO) on the Stock Exchange of Thailand (SET) in 2025. CEO Jirayut Srupsrisopa revealed to Bloomberg on April 1 that Bitkub is actively seeking financial advisors to support its IPO listing, aiming to secure new capital and enhance its market presence. In a strategic move, Bitkub is embarking on a hiring spree despite previously reducing its headcount by 6% in 2022 and 2023. The…
April 1, 2024 – Grand Cayman, Cayman Islands BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance DEX (decentralized exchange), offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of CEXs (centralized exchanges) with the self-custody features of DEXs. BSX will begin trading on Base layer-two mainnet alpha on April 1, 2024. Following the conclusion of its public testnet trading phase in Q1, BSX – the new standard in premier, high-performance DEXs –…
Grand Cayman, Cayman Islands, April 1st, 2024, Chainwire Quick Take BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody features of decentralized exchanges. BSX will begin trading on Base L2 Mainnet Alpha on April 1, 2024. Following the conclusion of its Public Testnet trading phase in Q1, BSX – the new standard in premier, high-performance decentralized…
Bitkub Capital Group Holdings, the parent company of Thailand’s largest cryptocurrency exchange Bitkub, has announced plans to go public in 2025. The company has hired financial advisors for the impending transition. According to a recent interview quoted by Bloomberg, Bitkub’s CEO, Jirayut Srupsrisopa, unveiled the ambitious strategy. Srupsrisopa noted that the company will be listed on the Stock Exchange of Thailand to enhance its visibility and raise capital for business expansion. As Bitkub prepares for its IPO, competition in Southeast Asia’s crypto market is heating up. Rivals such as Binance…
Demand for access to cryptocurrency trading accounts has climbed alongside the gains in bitcoin (BTC), which has advanced 57% this year while the CoinDesk 20 Index, a measure of the broader crypto market, added 49%. Last month, the number of active accounts in the country reached the highest level since September 2022, Bloomberg said, citing data from the country’s Securities and Exchange Commission (SEC). Source
MEXC, one of the world’s largest cryptocurrency exchanges, has announced the listing of the GRAM token from the TON ecosystem. GRAM is often referred to as the “Bitcoin for Telegram” within the community, and its price has skyrocketed by 28,000 times since its launch in January. The spot trading pair GRAM/USDT is now available on MEXC, following rumors of the listing circulating in the project’s Telegram channel. Users have noticed significant transfers of GRAM, with over a million tokens being sent to wallets on MEXC and OKX, another major cryptocurrency…
The crypto market is currently in another bull cycle. Bitcoin recently hit an all-time high price of $73,800. There are also hundreds of meme coins booming and busting in quick succession. Of course, you very likely already know this. And this is a testament to how much cryptocurrencies have permeated society and changed how we perceive and manage financial assets. Much of this has been made possible by digital currency exchanges that provide platforms for billions of people worldwide to trade and invest in cryptocurrencies—at transaction speeds that even the…
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 […] Source
Authorities from the US and UK are reportedly investigating $20 billion worth of crypto assets sent to a Russian crypto exchange platform. According to a new report by Bloomberg, anonymous sources familiar with the incident say that officials from the US and UK are looking into the matter as part of a crackdown effort against those evading sanctions to support Russia and Russian President Vladimir Putin. The report says that the digital assets in question flowed through Moscow-based crypto exchange Garantex as the stablecoin Tether (USDT). However, Garantex was already…