Deribit FZE, the Dubai entity of Deribit Group, has obtained a conditional Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority (VARA). According to a recent statement published by the platform, the licence covers spot...
Andrew Chen, General Partner at Andreessen Horowitz (a16z), has revealed his plans to invest $30 million in multiple gaming-related tech startups via the venture capital firm's early-stage accelerator, SPEEDRUN. The announcement comes as the 2024 session of SPEEDRUN,...
Popular centralized digital asset exchange Crypto.com has announced the impending launch of its new and improved mobile app in South Korea. The new app, Crypto.com App, will replace the local crypto exchange platform OK-BIT, which Crypto.com acquired in...
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...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this...
Laser Digital, the crypto unit of Japanese banking giant Nomura, has been granted a full crypto license by Dubai's Virtual Asset Regulatory Authority (VARA). The Virtual Asset Service Provider (VASP) allows the firm to carry out broker-dealer &...
Binance is making a strategic return to the Japanese market with the launch of a dedicated platform designed specifically for local customers. This move comes after five years of absence. The exchange closed its operations in Japan back...
The increasing popularity of crypto and the high-profile failures of a number of centralized crypto firms have raised concerns among global financial regulators about potential risks to financial stability, investor protection, and market integrity. So, on 17 July...
OKX has obtained a Minimal Viable Product (MVP) Preparatory License from the Dubai Virtual Assets Regulatory Authority (VARA), according to a press release by the firm. The MVP preparatory licence enables the Seychelles-based crypto exchange to fulfill the...
Introduction If you believed that the hostile demeanour of the United States' regulatory stance towards the cryptocurrency sector lacked backing from the government, President Joe Biden has taken steps to shatter that illusion. On 21 March 2023, the...
