CFTC orders Kraken to pay $1.25M as fine for alleged illegal offering
The US Commodity Futures Trading Commission has ordered Kraken exchange to pay more than $1 million in civil monetary penalties in connection with charges that the exchange violated the Commodity Exchange Act. The CFTC stated in a statement on Tuesday that Kraken, a cryptocurrency exchange based in the United States that operates under the name […]
BeePool the fourth-largest Ethereum mining pool shuts down due to China’s crackdown
Few days after Sparkpool Ethereum’s second-largest mining pool shut down, BeePool another Ether (ETH) mining pool is also shutting down due to China’s crypto crackdown. On Tuesday, the China-based Ether mining pool declared that it would cease operations “in light of recent regulatory policies.” New user registration and the addition of sub-accounts for existing users […]
SEBA Bank becomes the first digital asset custody bank in Switzerland
SEBA Bank AG, a fully regulated Swiss bank focused on the offering of digital cryptocurrency assets, announced today that it has received license from the authorities to provide an institutional-grade custodian service for investment schemes. With this news, the bank becomes the first digital asset-centric bank in Switzerland , and one of the first in […]
Tourism Authority of Thailand (TAT) plans to create its own utility token
Thailand’s Tourism Authority (TAT) is considering launching its own utility coin, the proposed TAT Coin will enable tourism operators to cash in on the popularity of cryptocurrencies. The idea to launch TAT currency, which is named after the agency’s initials, will have to navigate Thailand’s complex legal framework and regulations before becoming a reality. The […]
It is not possible to destroy crypto – CEO Elon Musk
Tesla’s CEO Elon Musk has expressed support for cryptocurrency, calling it “undeniably irreplaceable,” in the wake of China’s recent cryptocurrency crackdown. “It is not possible to, I think destroy crypto, but governments can slow down its advancement,” Musk stated at the Code Conference in California on September 28, according to CNBC. The decentralized nature of […]