Substance Exchange Testnet Event Draws Over 35,000 Active Addresses

Substance Exchange, a decentralized derivatives exchange, has successfully completed its inaugural testnet event. The event attracted more than 35,000 active addresses and the official Discord community membership has exceeded 23,000. The platform offers a wide array of trading pairs and a diverse selection of derivatives, as well as an innovative combined margin pool design to […]

eToro Receives Approval to Operate as Crypto Asset Service Provider in EU

eToro has been approved by the Cyprus Securities and Exchange Commission (CySEC) to operate as a Crypto Asset Service Provider (CASP). This registration will allow eToro to offer crypto services across the European Union once the EU’s Markets in Crypto-Assets (MiCA) regulation goes into effect in late 2024. MiCA is an effort to harmonize crypto […]

eToro Secures Crypto Asset Service Provider Registration in Europe

Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe. eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), which will authorize it to offer regulated crypto services to all countries in the European Union from one single entity […]

Alchemy Pay Secures Money Transmitter License in Arkansas, Expands Global Presence

Alchemy Pay, a cryptocurrency payment gateway, has recently acquired a Money Transmitter License in the state of Arkansas, USA. This license allows the company to offer a wide range of financial services, including the sale and issuance of payment instruments, stored value, prepaid access, as well as the receipt and transmission of money, virtual currency, […]

Bit Trade Facing Legal Action from ASIC for Neglecting Design and Distribution Obligations

The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. ASIC alleges that Bit Trade neglected to establish a target market determination before offering its margin trading product to Australian clients, in violation of design and distribution requirements for financial product providers […]

SEC Issues Warning: Crypto Charges Imminent

David Hirsch, the United States SEC crypto enforcement chief, has issued a warning that more punishment and charges are imminent for the crypto industry. Hirsch made it clear that the regulatory body has not yet exhausted its arsenal when it comes to the crypto space. Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch […]

South Korea Reports $98.5 Billion in Overseas Crypto Holdings

South Korea’s tax agency recently revealed that taxpayers have declared overseas cryptocurrency assets worth 130.8 trillion won ($98.5 billion) this year. This is a significant increase from the previous year’s figures, indicating the growing importance of cryptocurrencies in the country’s financial landscape.The National Tax Service outlined an increase in the total reported amount of overseas […]

SOTERIA Pioneers Investor Security Innovation with Cutting-Edge Safety Protocols

SOTERIA, a leader in the cryptocurrency and blockchain industry, has announced a major expansion of its commitment to pioneering investor security. The platform is dedicated to setting new standards in security and has implemented innovative safety protocols to protect user data and transactions, as well as user funds. These protocols include advanced encryption, multi-factor authentication, […]

Nexo Achieves CSA STAR Level 1 Certification, Strengthening Security Measures

Nexo, one of the best cryptocurrency apps for beginners, has achieved the Cloud Security Alliance’s Security, Trust & Assurance Registry (STAR) Level 1 Certification, strengthening its commitment to cloud infrastructure security. This certification was obtained after a successful SOC 2 Type 2 audit and ISO 27001 standardization, and emphasizes Nexo’s dedication to client data security […]

OKX Successfully Completes SOC 2 Type II Audit, Demonstrating Highest Global Standards

OKX, a leading crypto exchange and Web3 technology company, has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards. The internationally recognized SOC 2 Type II report is one of the most […]