Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering and Counter-Terrorist Financing rules, known collectively as the Travel Rule, beginning Sept. 1, a statement from the Financial Conduct Authority (FCA) reiterated Aug. 17. This will bring the U.K. into conformity […]

The team behind the newly released Shibarium mainnet has denied reports of bridge problems and asset losses, saying screenshots floating around the crypto community are false. In a blog post on Aug. 17, Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and users activity […]

Launched in November 2021, nonfungible token (NFT) marketplace Orica held itself up as an “ethical platform” benefitting artists, collectors and charities alike. At the time, the organization was involved in prominent projects — from building a school in Uganda to aiding victims of human trafficking to helping Ukraine.  But less than two […]

PayPal has announced a temporary suspension of cryptocurrency sales within the United Kingdom for a minimum of three months, commencing on October 1. This decision is in direct response to the recent regulatory reforms introduced by the Financial Conduct Authority, Britain’s financial regulator.  The FCA is set to implement more […]

In a recent post on the Stellar website, Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation (SDF), announced that Stellar had made a financial investment into MoneyGram (MGI). Stellar and MGI have worked together since 2021 and as early as 2019 on projects like stablecoins and money […]

Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31. In an August 17 email notice to users, Coinbase said that “we regularly monitor the assets on our exchange to ensure they meet our listing standards,” and based on its review, […]

Last year, in the Celsius Network bankruptcy case, a document revealed blockchain info that might have exposed user crypto wallets. According to The Block Research and Nansen have worked together to confirm this and identified 15,000+ Celsius users’ personal wallets. These held various assets, ENS names, NFTs, and decentralized exchange […]

Stablecoin issuer Tether (USDT) is building specialized software to optimize Bitcoin mining and renewable energy operating using data analytics, following recent investment endeavors into both categories. In conversation with Cointelegraph, Tether CTO Paolo Ardoino expanded upon details of its in-development mining software which aims to deliver improved analytics and performance of […]

BitExchange has introduced XRP (XRP)-linked options on its cryptocurrency derivatives platform. According to an Aug. 17 statement from the exchange, the initiative will allow users to engage in XRP options trading without the need for cryptocurrency ownership. Profit and loss settlement will occur in United States dollars, with OrBit Markets […]

Cardano is currently facing a stark contrast between its promising development trajectory and the significant losses incurred by ADA holders.  Recent price analysis has revealed that the losses are nearing an astonishing 90%, sending waves of concern through the cryptocurrency community. The once-active addresses have dwindled, further accentuating the unease […]