Terraform Settles with SEC for $4.5B

Terraform Settles with SEC for $4.5B

Terraform Labs, a prominent blockchain technology company, has recently agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) amounting to nearly $4.5 billion. This settlement marks one of the largest monetary penalties imposed by the SEC in recent times and underscores the agency’s intensified scrutiny of the cryptocurrency and blockchain sectors. The…

Bitcoin’s Price Watch: A Critical Analysis

Bitcoin’s Price Watch: A Critical Analysis

Bitcoin has experienced significant volatility recently, with its price fluctuating widely after a strong performance last month. Investors are closely monitoring key support and resistance levels to gauge future movements. The cryptocurrency market, known for its rapid changes, continues to attract attention from both retail and institutional investors. In the past month, Bitcoin’s price surged,…

Matrixport Expands Footprint in Europe with Acquisition of Swiss-based Crypto Finance Asset Management

Matrixport Expands Footprint in Europe with Acquisition of Swiss-based Crypto Finance Asset Management

FINMA-supervised unit renamed Matrixport Asset Management AG SINGAPORE, Sept. 30, 2024 /PRNewswire/ — Matrixport, a leading all-in-one crypto financial services hub, today announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (“CFAM”), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Renamed…

OKX’s ‘My Fabric’ Campaign Continues with McLaren F1 Team Driver Oscar Piastri’s Motorsport Journey

OKX’s ‘My Fabric’ Campaign Continues with McLaren F1 Team Driver Oscar Piastri’s Motorsport Journey

SINGAPORE, Sept. 27, 2024 /PRNewswire/ — OKX, a leading onchain technology company and an Official Primary Partner of the McLaren Formula 1 Team, today released the second installment of its ‘My Fabric’ campaign featuring McLaren F1 driver Oscar Piastri. In the video, the rising star reflects on his journey from young junior driver to his…

Crypto Derivatives Market Rebounds Amid Positive Sentiment, Bybit x Block Scholes Report Finds

Crypto Derivatives Market Rebounds Amid Positive Sentiment, Bybit x Block Scholes Report Finds

DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, a renowned quantitative finance firm, has released its latest crypto derivatives analytics report. The report provides a comprehensive analysis of the crypto market’s response to the Federal Reserve’s recent rate cut and highlights key…

Dubai Crypto Regulations Mandate New Risk Disclaimers

Dubai Crypto Regulations Mandate New Risk Disclaimers

New Dubai crypto regulations are set to enforce stricter guidelines for virtual asset companies operating within the United Arab Emirates (UAE). The Virtual Assets Regulatory Authority (VARA), Dubai’s cryptocurrency regulator, has updated its advertising policies, requiring crypto companies to provide clear risk disclaimers. This move aims to enhance consumer awareness of the volatile nature of…

Bybit Surges to 50 Million Users in 40 Days, Leading Web3 and Global Compliance

Bybit Surges to 50 Million Users in 40 Days, Leading Web3 and Global Compliance

DUBAI, UAE, Sept. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is delighted to announce a major milestone as its registered user base surpasses 50 million worldwide. This extraordinary achievement underscores Bybit’s rapid growth and solidifies its position as a preferred platform for millions of crypto enthusiasts and traders globally. Strengthening…