Crypto Exchange Dasset Faces Liquidation
Dasset, a cryptocurrency exchange based in Auckland, New Zealand, have denied customers access to their funds, and a company representative has confirmed the exchange’s liquidation. The Herald, a local news source, reported the exchange’s difficulties on August 14. According to the report, some consumers have attempted to withdraw their funds for months. Stephen Macaskill, the […]
Filecoin Mining Service Faces $100M Lawsuit in China
Five executives of the Filecoin mining service are being sued in the People’s Court of Pingan County, China, on charges of embezzling millions of dollars and ruining investors through an elaborate pyramid scheme. Local media reported on August 14 that a court held a public hearing on a case that could set a precedent for […]
Jacobi Bitcoin ETF Launches on Euronext Amsterdam Exchange
The London-based digital asset management company Jacobi Investment Funds PCC announced that its new Bitcoin ETF is finally going live on the Euronext Amsterdam stock exchange on August 15, 2023, more than a year after its original 2022 launch date. As previously reported, the offering was billed as the first spot or physical-backed Bitcoin fund, […]
UK Regulator Approves 13% of Crypto Registration Applications
Financial Conduct Authority (FCA), the UK’s primary financial regulator, has only granted 13% approval out of nearly 300 crypto companies that have applied for registration to operate in the country. The FCA published a response to a right-to-know request whose author remains anonymous on August 11. Four queries regarding the registration statistics of crypto asset […]
PayPal to Launch Crypto Hub Service for Select Users
PayPal has amended its terms and conditions to include the Crypto Hub service. This feature lets users hold and trade Bitcoin and other cryptocurrencies in their PayPal accounts. The most recent PayPal terms and conditions outline the requirements crypto users must meet to use the platform for cryptocurrencies. The company claims that the Cryptocurrencies Hub […]