News

DeFi platform MANTRA Finance said Wednesday that it secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This achievement allows MANTRA to operate as a virtual asset exchange, offering broker-dealer and investment management services…

South Korea’s most senior financial regulator, the Financial Services Commission (FSC) Chairman Kim Byung-hwan, says the nation needs to move “quickly” to regulate stablecoins. But the FSC chief has concerns about the “strength” of the USD. Per the South Korean…

The Czech National Bank (CNB) is considering studying Bitcoin

South Korea’s Supreme Court has upheld lower court rulings that TerraUSD and LUNA tokens do not qualify as a financial investment product under the Capital Markets Act, according to Korean newspaper Etoday reports. This decision confirms that the cryptocurrency cannot…

Abstract has released a post-mortem following a security breach involving Cardex, a third-party app within The Portal. The breach affected approximately 9,000 wallets and led to the theft of around $400,000 in Ethereum. Early this morning, the Abstract security team…

Binance Founder Changpeng ‘CZ’ Zhao has donated nearly $100,000 to the victims of the recent Libra scam – but he received more than that amount in his wallet from people wanting to help the effort. It started when CZ replied…

The Securities and Futures Commission (SFC) of Hong Kong has launched a 12-point roadmap under the “ASPIRe” initiative to fortify the city’s virtual asset (VA) market. ASPIRe stands for Access, Safeguards, Products, Infrastructure, and Relationships. The roadmap aims to enhance…

Crypto custody firm BitGo has announced the launch of its comprehensive OTC trading desk that operates nonstop to serve clients across all major time zones. The platform has operated in stealth mode since early 2024. In that time, it processed…

Binance is treading cautiously in its approach to the U.S. market despite President Donald Trump’s perceived shift toward more crypto-friendly policies. According to a Bloomberg report, CEO Richard Teng noted a “fresh reset and restart” in regulatory attitudes, which contrasted…

Bitcoin (BTC) could fall to $77,000 without jeopardizing its ongoing bull market, according to Ki Young Ju, CEO of on-chain analytics firm CryptoQuant. In a series of posts on X on February 19, Ki noted that Bitcoin’s recent sideways price…