Huobi Global to Delist 10 Trading Pairs
Huobi Global Ltd. has announced its plan to discontinue ten trading pairs, particularly those associated with the USDD stablecoin. The TRON DAO Reserve backs the USDD stablecoin and has a significant involvement from digital asset entrepreneur Justin Sun. Starting from June 29th, Huobi will remove trading pairs that combine ADA (Cardano), SOL (Solana), APE (ApeCoin), […]
FCA Loses Its Digital Assets Head After Less Than a Year
Binu Paul, the head of digital assets at the UK’s Financial Conduct Authority (FCA), has resigned from his position after less than a year on the job. Paul led the FCA’s regulatory activities on crypto firms and oversaw the registration process for crypto asset businesses. Paul joined the FCA in October last year from New […]
Sygnum Singapore to offer Crypto Brokerage Amid Demand
The Monetary Authority of Singapore has granted Sygnum AG in-principle approval to offer crypto brokerage services to fund houses, family offices, and institutions. Sygnum AG, a digital-asset bank in Singapore, is gearing up to launch its crypto brokerage service in Singapore after obtaining in-principle approval from the local regulator. The bank reported a high demand […]
Bitcoin Price Rally Pauses as BTC Falls From Its 12-Month High
Despite aggressive bullish pressure, the Bitcoin price was unable to sustain gains above its 12-month high of $31,428. Monday’s Bitcoin price is $30,302 after losing 1.1% of its value over the past 24 hours. Over the weekend, the largest cryptocurrency maintained a favorable outlook, with consolidation prevailing above $30,000. Despite aggressive bullish pressure, the Bitcoin price could […]
US SEC Moves To Seize Do Kwon’s Cryptocurrency Assets
The US SEC urged Swiss prosecutors to freeze Terra founder Do Kwon’s crypto assets in the digital asset bank Sygnum. The New York Federal Prosecutors Office and the United States Securities and Exchange Commission (SEC) requested Swiss prosecutors to hold crypto assets and fiat currency associated with Terraform Labs and co-founder Do Kwon’s in digital […]