UK FCA Issues New Crypto Promotion Compliance Guidance
The UK’s FCA issued additional guidance for crypto firms on promotion compliance, following its October 2023 regulations. The Financial Conduct Authority (FCA), the financial regulator of the United Kingdom, has issued additional guidance for crypto firms that advertise crypto services. The FCA implemented regulations regarding cryptocurrency promotion in October 2023 and has been assisting the […]
CoinDCX Launches $6m Customer Protection Fund
CoinDCX has established a $6 million contingency fund to protect customer funds during the Indian crypto market’s $230 million WazirX hack recovery. According to a press release, the ‘Crypto Investors Protection Fund’ will function as a safety net to mitigate user losses in the event of a security breach or other unforeseen circumstances that could […]
Uniswap Announces $3M Grant in Q2 2024 Financial Report
The Uniswap Foundation disclosed that it has $36.81 million in assets and millions in new grant commitments for Q2. As part of its ongoing dedication to financial transparency, the Uniswap Foundation, a non-profit organization committed to fostering its expansion of Uniswap, has disclosed its financial summary for the second quarter. The foundation disclosed in a […]
Morgan Stanley Permits Advisers to Recommend Bitcoin ETFs
Morgan Stanely, the largest wealth manager in the US, began allowing its 15,000 financial advisers to recommend Bitcoin exchange-traded funds (ETFs) to clients, particularly BlackRock and Fidelity. An earlier CNBC report, which stated that the financial advisory intended to begin recommending BTC ETFs on August 7, was confirmed by the individual in question, who was […]
Texas Sees Surge in Bitcoin Scams
Numerous people in Lubbock, Texas, have lost a huge amount of money due to an increase in scams involving Bitcoin. Twenty to thirty people have reported scams using gift cards and Bitcoin transactions to the police in the last several months. Most victims of these scams are older people, who are tricked into thinking their […]