In its 2023 Annual Economic Report, the Bank of International Settlements (BIS) introduced tokenization as the next evolution in digital assets and finance. It also ran the jury on crypto and DeFi, pointing to how both have offered...
The Philippines's Securities and Exchange Commission (SEC) has accused Binance of operating in the country without the necessary approval or license. In a notice issued to the public on November 28, 2023, the regulator warned citizens to exercise...
Bybit has achieved a significant growth milestone as it surpasses 20 million registered users, the crypto exchange announced in an official statement released on Tuesday, November 28, 2023. The Dubai-based exchange, founded in 2018, has rapidly grown to...
The future of the monetary system, as envisioned by Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), will consist of three crucial elements: central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins....
Stablecoin issuer Circle Internet Financial has signed a Memorandum of Understanding (MOU) with SBI Holdings to promote the adoption of USDC and Web3 services in Japan. As part of the agreement, SBI Group subsidiary, SBI VC Trade, will...
South Korea's central bank, the Bank of Korea (BOK), has revealed its plans to engage 100,000 Korean citizens in an extensive Central Bank Digital Currency (CBDC) pilot program scheduled to commence in late 2024, as reported by the...
Richard Teng, the new CEO of Binance, is trying to alleviate concerns among investors and customers in the aftermath of the exchange's legal troubles with U.S. authorities. In a post on X (formerly Twitter), Teng emphasized the exchange's...
Changpeng Zhao, Binance’co-founder, has announced his resignation as the CEO of the prominent cryptocurrency exchange. In a lengthy statement on X (formerly Twitter), Zhao acknowledged the difficulty of the decision but noted that it was "the right thing...
Celsius Network announced plans on Monday, November 20, 2023, to pivot its operations and establish a new publicly traded Bitcoin mining company that will be owned by its customers. This decision follows feedback from the Securities and Exchange...
Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading...
