โBitForex, purportedly headquartered in Hong Kong, has neither been licensed by the SFC nor applied to the SFC for a license to operate a VATP in Hong Kong,โ Hong Kongโs Securities and Futures Commission (SFC) said. BitForex is also licensed to operate in Canada. Source
Fluidkey has announced it has opened its Optimism-based alpha to more users, allowing them to test their private solutions. Fluidkey seeks to solve the transaction privacy problem in EVM chains by leveraging ENS and stealth addresses, allowing users to use a new self-custodial asset for each payment, and segregating these movements to avoid linkability. Fluidkey [โฆ] Source CryptoX Portal
The collapse of FTX, Terra, and Three Arrows have led authorities to frame regulations or guidance to protect customers from inadequacies in the digital asset industry. The HKMA document says firms should hold clients’ digital assets in separate accounts segregated from the firm’s own assets in the event of insolvency. Companies should prevent the use of client assets for the firm’s accounts. Source
The platform Bakkt said that if it fails to raise money through debt financing or equity dilution, it will not have enough funds to continue operations. In disclosing risks to the U.S. Securities and Exchange Commission (SEC), platform Bakkt questioned whether it could ensure its financial stability next year. Current reserves, including restricted cash, may need to be increased to support operations through 2025. Founded in 2018, the company provides custodial services for institutional and retail investors interested in exposure the crypto, operating under the Bakkt Trust Company LLC, functioning…
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TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours. Source
SEC Chairman Gary Genslerโs recent crypto warnings coincide with major asset managers filing for Bitcoin ETF approval, signaling regulatory scrutiny. SEC Chairman Gary Gensler recently delivered a series of warnings through a Twitter thread, urging potential investors in crypto assets to be mindful of the risks and regulatory landscape. In his thread, Gensler stated, โThose offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws.โ He emphasized that investors in crypto asset securities might be deprived of key information and essential protections. A thread ๐งต…
Singaporeโs prime minister Lee Hsien Loong warned the public about a deepfake video, depicting him promoting a crypto scam โenvisioned by Elon Musk.โ In an X post on Dec. 29, Singaporeโs prime minister Lee Hsien Loong has issued a public warning that addressed the emergence of deepfake videos depicting him promoting crypto scams with the help of artificial intelligence (AI) to mimic his voice and image. Recently, there have been a number of audio deepfake videos that use AI technology to mimic my voice to promote crypto scams. If you…
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges. The government has also taken the first steps to block the URLs of “said entities that are operating illegally without complying with the provisions of the PMLA in India.” Source
Responsible persons include anyone “exercising control or sufficient influence over a financial product offered, financial service provided, or financial activity engaged in (or over products, services, and activities that behave like, or have been substituted by investors for, financial products, services, and activities) by the DeFi arrangement.” Source