OKX, a leading global Web3 technology company and crypto exchange, has officially unveiled OKX TR, its crypto exchange tailored for users in Turkey. The launch marks a significant step in providing Turkish users with a trusted, compliant, and transparent gateway to crypto trading and decentralized finance (DeFi). The company revealed the launch on February 27. OKX TR...
US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches. One part amends the Federal Reserve Act to read: ‘‘no Federal...
Spain’s financial regulator has issued warnings to investors regarding 18 companies offering services in the country despite facing registration issues. The National Securities Markets Commission (CNMV) published a list of 18 financial firms operating without the regulatory nod on Feb 26. The list, which is comprised of several traditional finance firms, includes three cryptocurrency companies:...
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has demonstrated a significant vote of confidence in the future of Bitcoin by strategically investing in Babylon, a pioneering Bitcoin staking protocol. The $10 billion venture capital and incubator has invested strategically in Babylon, further signaling its interest in startups within the staking and restaking...
The United States Securities and Exchange Commission (SEC) will continue to “ramp up” its ruling-by-enforcement approach to crypto regulations in 2024, according to Norton Rose Fulbright’s 2024 FinTech Outlook released last week. The global law firm expects “to see even further ramp-up in enforcement and regulatory actions in respect to US securities laws in the...
A US appeals court has upheld the prior sentencing of “My Big Coin” fraud founder Russell Crater. Crater will serve over 8 years and pay $7.6 million for orchestrating a fraud from 2013 to 2017, facing charges including wire fraud, unlawful transactions, and running an unlicensed money business. He contended his Sixth Amendment rights were...
On February 25, renowned crypto attorney Steven Nerayoff expressed concerns that the legal challenges faced by former Binance CEO and founder Changpeng Zhao could cause trust issues in the crypto industry. Changpeng Zhao’s (CZ) trial has taken a new turn in the last few days. Reports indicate that the United States Attorney’s Office advocates for...
The euro strengthened against other major currencies in the European session on Monday, as traders turned their attention towards the ECB President Christine Lagarde\'s speech later on the day. European Central Bank president Christine Lagarde will speak in a plenary debate on the ECB Annual Report 2022 in Strasbourg, France later today. U.S. PCE numbers...
The South Korea stock market on Monday ended the modest two-day winning streak in which it had picked up more than a dozen points or 0.5 percent. The KOSPI now rests just beneath the 2,650-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is cautious ahead of...
Consumer confidence survey results from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Germany\'s market research group GfK releases consumer confidence survey results. The forward-looking sentiment index is forecast to improve to -29.0 in March from -29.7 in the previous month. In the...