The new financial promotions regulations imposed by the UK Financial Conduct Authority (FCA) are creating significant challenges for crypto firms, according to Delphi Labs general counsel Gabriel Shapiro. In a recent post on X, Shapiro expressed his concerns about the feasibility of strict compliance with these regulations. He believes that only centralized exchanges and a
While Ethereum (ETH) struggles to maintain its position above $1,600, investors in the cryptocurrency market are now turning their attention to its competitors. One cryptocurrency that has caught the eye of many is Solana (SOL). Despite facing a tough week in the crypto market and a significant loss of 28% in the last four weeks,
James Howells, a resident of Newport, has found himself in a battle against the city’s local council in a quest to retrieve his lost treasure. Howells accidentally disposed of a hard drive containing a staggering 8,000 Bitcoin (BTC), and for the past decade, he has been tirelessly attempting to gain access to a landfill site
In a recent report, it has been revealed that Luna, a subsidiary of Digital Currency Group (DCG), is planning to pause certain services in the United Kingdom. This decision comes ahead of new regulations set by the U.K.’s Financial Conduct Authority (FCA) and will have a significant impact on the crypto trading features offered by
In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a
Lido Finance, the Ethereum staking protocol, has responded to allegations that hackers exploited a security flaw in the token contract of Lido DAO (LDO). Despite the existence of the flaw, Lido Finance assures users that both the LDO and staked-Ether (stETH) tokens remain secure and unaffected. While Lido Finance did not confirm any specific exploits,
Grayscale’s recent victory over the SEC has been hailed as a major setback for the financial regulator. However, despite this win, the crypto industry has not witnessed a significant increase in the accumulation of digital assets in the spot market. In fact, data from CCData’s latest report reveals a continued decline in trading volume for
Coinbase, one of the leading cryptocurrency exchanges, has recently announced an increase in the interest rate for holding the USDC stablecoin. Users can now earn up to a 5% reward rate on USDC holdings, a significant improvement from the previous 4% rate introduced earlier this year. This update demonstrates Coinbase’s commitment to promoting stablecoin adoption
G20 leaders are taking significant steps towards the establishment of a Crypto Asset Reporting Framework. This new framework aims to collect and exchange information about the use of cryptocurrency and digital assets among G20 member countries. The primary objective behind this initiative is to ensure that individuals and entities utilizing cryptocurrency are not evading taxes.
The FTX crypto exchange, which filed for bankruptcy but plans to restart operations, is now looking to recover some of the money it paid to popular celebrities and professional athletes who once promoted the platform. While notable names like Shaquille O’Neal and Naomi Osaka have been mentioned, it is interesting to note that Tom Brady’s
