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Tether’s USDT stablecoin is fueling a surge in scams in Asia, a recent report from the UN’s office on drugs and crime says.

UN flags Tether’s USDT for fueling crime in Southeast Asia

According to a report seen by the Financial Times, USDT has become a key tool among criminal gangs in Southeast Asia, many of whom are using the stablecoin for...

8 months ago

Low fees by issuers spark race for market share

US bitcoin ETFs see $4.6B in volume in first day of trading

Jan 11 (Reuters) - U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the la...

8 months ago

BoE’s Deputy Governor Highlights Lack of Clear Regulation

Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor

Andrew Bailey, Bank of England governor, says cryptos lost its momentum to keep up a in the mainstream payments system. He stressed that cryptos such as Bitcoin are “pr...

8 months ago

The Turkish government is set to establish legal definitions for key cryptocurrency concepts, regulate trading platforms through licensing, and align with the standards of the Financial Action Task Force (FATF).

Turkey nears completion of comprehensive crypto regulation framework

In an interview with the Anadolu Agency on Jan. 10, Turkish Minister of Treasury and Finance Mehmet Şimşek confirmed that the cryptocurrency framework tailored for the Turkish market i...

8 months ago

Regulators Working to Allow Retail Investors to Buy Spot ETFs

About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group

While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to la...

8 months ago

BitGo was also recently named by Hashdex as the custodian in its application to become an issuer of a spot exchange-traded fund.

Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore

Crypto custodian BitGo was granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore, it said in a Wednesday email. The license from the Monetary Autho...

8 months ago

Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency.

Bitcoin ETF: Cryptocurrency swings as watchdog X account 'compromised'

The Securities and Exchange Commission (SEC) later deleted the post and said its account had been "compromised". The social media platform has said the compromised account wa...

8 months ago

SEC Backed into Corner

Spot Bitcoin ETF Issuers in Fee War Ahead of Possible SEC Approval

Spot Bitcoin exchange-traded fund (ETF) fee war has commenced before the US Securities and Exchange Commission (SEC) has even approved the product. Spot Bitcoin ETF fees are as follows...

8 months ago

The encrypted data was inscribed over 332 transactions with fees ranging from $14 to $2,500 in satoshis, but the motive is still a complete mystery.

Mysterious Bitcoiner spends $64K to inscribe 9MB of data on Bitcoin

An unidentified Bitcoiner has just spent approximately $64,000 in fees to inscribe nearly 9 megabytes of raw binary data on the Bitcoin blockchain. According to a Jan. 7 post on X (for...

8 months ago

Releasing them suggests they’re confident the SEC will approve the first U.S. spot bitcoin ETFs soon.

Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

U.S. spot bitcoin exchange-traded funds (ETFs) appear to be on the verge of launching after the exchanges that will list them filed amended documents, suggesting they expect U.S. Securities and ...

8 months ago