The Financial Services Regulatory Authority (FSRA) of the United Arab Emirates (UAE) recently announced the release of an updated version of its Anti-Money Laundering (AML) and sanctions rules, specifically tailored for digital assets. This move demonstrates the FSRA’s commitment to staying ahead in the continually evolving financial landscape. The changes made to the AML Rulebook
Blockchain
Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, is currently facing a severe crisis with no clear path to regain its stablecoin peg. The value of IBEUR plummeted by a significant 60% on Monday, causing panic among investors. With an issuance of $3.7 million, the stablecoin experienced a drastic drop from $0.97 (€0.89) to a
In a rapidly evolving digital landscape, political candidates are faced with the challenge of adapting to the preferences and demands of the younger generation. One such area that cannot be ignored is the rise of cryptocurrency and its increasing popularity among millions of young people. Coinbase CEO Brian Armstrong argues that being anti-crypto in the
In a recent announcement, blockchain security firm CertiK has drawn attention to a critical vulnerability found in the OKX iOS app. This vulnerability, identified as a Remote Code Execution (RCE) threat, puts the sensitive data and crypto assets of OKX users at risk of compromise. To prevent any potential security breaches, CertiK has urged all
In a surprising turn of events, an individual using the username “Miembro” recently took to the Breach Forums platform to advertise the sale of access to Binance’s law enforcement panel for a steep price of $10,000. The offer includes access to Binance’s highly private Data Request Portal, which is exclusively reserved for law enforcement officials
Recently, crypto derivatives trading platform Hegic made headlines for a potentially questionable trade with an affiliate company. The platform’s founder, Molly Wintermute, announced that the sister platform Whiteheart would be sunsetted, resulting in a surge of demand for its token, WHITE. However, it has come to light that Hegic purchased a significant portion of the
The past week has been eventful for the cryptocurrency market, with Bitcoin (BTC) experiencing its first weekly price decrease in over two months. Matteo Greco, a Research Analyst at Fineqia International, suggests that this downturn is part of a strategy to reduce market leverage. A total of $345 million worth of long and short positions
As we enter the new year, it is crucial to reflect on the milestones and regulatory developments that shaped the Indian and global crypto industry in 2023. In an exclusive interview with CryptoNews, Manhar Garegrat, the Country Head for India and Global Partnerships of Liminal Custody, provides valuable insights into the company’s journey, collaborations with
The city of Busan in South Korea is nearing the launch of its highly anticipated blockchain-powered digital assets trading platform. The city had set an ambitious goal to become the world’s first city government-run exchange by the end of 2023. While it seems that the initial timeline may not be met, significant progress has been
A former Lido holder, Andrew Samuels, has taken legal action against the Lido decentralized autonomous organization (DAO) for allegedly offering and selling unregistered securities. The lawsuit, filed on December 17th, emphasizes Lido’s intention to avoid regulatory oversight for its illegal business practices. This article delves into the details of the class-action lawsuit and the allegations
