Key Takeaways: BitMart’s latest chapter opens with the appointment of Nathan (Nenter) Chow as CEO, a seasoned executive whose 17-year journey through traditional finance at JP Morgan and Mitsubishi UFJ is now guiding a transition into the frontier of blockchain technology. Chow bases his philosophy on applying decentralization in an attempt to address inefficiencies that […]
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KuCoin’s Bitcoin Reserves Plunge 77%—Is a Liquidity Crisis Next?
Since June 2023, KuCoin’s Bitcoin reserves have dramatically declined by 77%. KuCoin implemented KYC requirements, after which its Bitcoin reserve experienced a significant downward shift. Users withdrew more than 14,000 BTC from the platform as privacy concerns grew intensely during that period. KuCoin Sees Record Bitcoin Withdrawals According to the Onchain School data released on […]
Gemini Lists Ripple’s RLUSD Stablecoin Amid Ripple’s Massive $25M Donation to U.S Education
Gemini, a top crypto exchange, has listed Ripple’s RLUSD stablecoin for trading transactions, deposits, and withdrawals. This represents an important step in the firm’s effort to expand the stablecoin adoption across the world. Gemini is the 15th crypto exchange to list RLUSD on its platform after a list of other platforms. The RLUSD stablecoin has […]
DeFi Dev Corp. Acquires Solana Validator with $3.5M to Boost $SOL Exposure and Strategy
DeFi Development Corp. (Nasdaq: DFDV), a leading entity in the Solana (SOL) accumulation public market, has agreed to acquire a Solana validator business. The deal, valued at $3.5 million, will be completed through a mix of $3 million in restricted stock and $500,000 in cash. The acquired business, which holds approximately 500,000 SOL tokens and […]
Binance Brings Crypto Payments to Kyrgyzstan Through New Deal
Binance has partnered with the government of Kyrgyzstan to introduce crypto payment systems and launch blockchain education initiatives within the country. The partnership focuses on building crypto payment systems and starting programs to teach people about blockchain. Through this collaboration, Kyrgyzstan is placing its foot forward and embracing blockchain technology while also building a more […]
KuCoin Plans Return to South Korea After Regulatory Compliance Success
Cryptocurrency exchange KuCoin has revealed that it is considering returning to South Korea after its previous exit due to regulations ordered by local regulators. The return is announced as the company focuses on compliance with key jurisdictions such as the United States, the European Union, China, and India. KuCoin’s Chief Executive Officer, BC Wong, said […]
EU Launches Crypto CrackDown: Bans Privacy Coins and Anonymous Crypto Accounts Effective 2027
The European Union (EU) plans to introduce major Anti-Money Laundering (AML) rules by 2027. The regulations target privacy coins and anonymous crypto accounts. The new rules seek to improve transparency and combat fraud in the crypto sector. The AML rules prohibit service providers such as crypto asset firms from holding anonymous accounts or making transactions […]
Apple Loosens NFT, Crypto App Rules After Court Ruling
Apple modified its iOS App Store rules after a U.S. District Court decision in the Epic Games antitrust case. The court ordered Apple to drop its payment fees on purchases outside the App Store and eliminate its restrictions on external payment links. This policy shift by Apple enables developers to create apps that can direct […]
SEC Pressured: 30+ Crypto Giants Demand Clarity on Staking Rules
Key Takeaways The Crypto Council for Innovation (CCI), supported by major players like a16z, Paradigm, and Kraken, has formally petitioned the Securities and Exchange Commission (SEC) for staking-specific regulatory guidance. The CCI’s Proof of Stake Alliance (POSA), a 30-member association, sent a thorough letter to the SEC’s Crypto Task Force stating clearly that crypto staking […]
TON Foundation Appoints Maximilian Crown as CEO to Accelerate Growth
The TON Foundation has selected Maximilian Crown, co-founder of MoonPay, as the new CEO. The foundation appointed Maximilian Crown after the former CEO, Manuel Stotz, became president of the board. This move seeks to strengthen the position of the TON blockchain in the market. As the CEO of TON Foundation, Maximilian Crown will contribute his […]