Paytm Payments Bank Ban May Hurt Crypto Users in India
The RBI has imposed sanctions on the Paytm Payments Bank, banning it from accepting deposits or top-ups. This move could affect the crypto market in India, as Paytm is a popular mode of payment for crypto purchases. Crypto users may have to look for alternative payment methods and banks. The Paytm Payments Bank, a subsidiary […]
Binance CEO Praises XRP Ledger Foundation for Handling XRP Hack
Binance CEO Richard Teng praised the XRP Ledger Foundation for their quick and effective response to a recent security breach that involved the personal wallets of Ripple Labs Co-Founder Chris Larsen. Teng also highlighted the role of the community and the exchange in flagging and freezing the stolen XRP. The breach resulted in the loss […]
UK Focuses More on AI Safety Concerns Rather than Opportunities
The British parliament‘s Communications and Digital Committee of the House of Lords has warned that the United Kingdom’s approach to artificial intelligence has become overly preoccupied with AI safety and its potential dangers rather than its opportunities. The committee stated in a report on artificial intelligence (AI) and large language models (LLMs), the underlying components […]
Bybit Seeks License in Hong Kong for Crypto Asset Trading
According to regulatory papers, the cryptocurrency exchange Bybit has sought a Virtual Asset Service Provider (VASP) license in Hong Kong. Bybit is now one of the fourteen candidates vying for a Securities and Futures Commission (SFC) license to provide services in Hong Kong. In the regulatory filing that was sent in on January 31, Bybit […]
Coinbase Unveils Fee Upgrade Program for Specific Traders
With a new initiative, Coinbase is trying to draw in large volume traders by lowering trading fees and providing a sixty-day fee-free period for those moving from other platforms. A recent blog post claims that the incentive gives traders with monthly trading volume of over $500,000 a quick path to reduced cost tiers, allowing them […]