Cyprus SEC Suspends FTX Europe License
Cyprus SEC has suspended the license application of FTX Europe until September 2024 following challenges in maintaining operations caused by the FTX crypto exchange collapse. Until September 2024, the Cyprus Securities and Exchange Commission (SEC) has mandated that FTX Europe refrain from providing services under the suspension of its license. Officially announcing the news on […]
New Zealand Explores Central Bank Digital Currency Issuance
The Central Bank of New Zealand is deliberating on issuing a central bank digital currency (CBDC) and aims to issue an in-house digital dollar by 2023. The issuance of CBDCs is a four-step process for the Reserve Bank of New Zealand (RBNZ), which plans to introduce an internal digital currency by 2023. Exploring high-level design options […]
Upbit Exchange Suspends Transactions Exceeding 1M Won
South Korea Upbit cryptocurrency exchange will suspend withdrawals and deposits of digital assets exceeding 1 million Korean won (approximately $721). On April 17, the cryptocurrency exchange Upbit stated in a blog post that the inability to process deposits and withdrawals was due to the suspension and termination of Ten&Ten’s Travel Rule Solution service . The […]
Rising Gov’t Regulation Will Lead to More Secure Devices – Pavel Durov
Pavel Durov, Telegram’s founder, said the rise in government regulation would lead to developing secure communication devices inspired by crypto hardware wallets. During an interview with Tucker Carlson on April 17, Durov recounted previous experiences and lamented government entities’ ongoing suppression of private information exchange. “The world is becoming less amenable. Governments are becoming less […]
Hardhat Chad Proposes Rewards to Tackle Solana’s Congestion
Hardhat Chad, the Ore project’s creator, proposed that the Solana Foundation implement a reward system to encourage testnet activity and decongest the network. The Solana network encountered this recommendation following a week of congestion and a transaction failure rate of up to 75%. Hardhat Chad stated in a post on the social media platform X […]