Crypto giant Binance has been granted three separate licenses from Abu Dhabi’s financial regulator, providing a green light to operate its exchange, clearing house and broker-dealer services under the Financial Services Regulatory Authority’s (FSRA) regulatory framework. The FSRA, an independent financial regulator of the Abu Dhabi Global Market (ADGM), a financial free zone in Abu…
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JPMorgan CEO Jamie Dimon has denied debanking customers based on their religious or political affiliation and stated that he has actually been working to change the rules surrounding debanking for over a decade. During an interview with Fox News’ “Sunday Morning Futures” on Sunday, Dimon said his bank has cut off services to people from…
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US investors are not considering buying crypto as much as they used to, as risk-taking behavior has dropped, according to a study from the Financial Industry Regulatory Authority. The percentage of crypto investors was unchanged between 2021 and 2024 at 27%, but the number of investors considering either purchasing more or buying for the first…
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A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments. N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchain and offers programmable payments through smart contracts. The company…
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Shares in IREN recovered on Wednesday after the Bitcoin miner said it would raise $3.6 billion through a combination of share sales and a convertible debt offering as it races to deploy computers to meet artificial intelligence demand. IREN (IREN) jumped 7.6% to a peak of $44.25 during trading on Wednesday, and settled to $43.96…
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The Australian Bitcoin Industry Body (ABIB), a crypto industry group, says it has filed a formal complaint against the Australian Broadcasting Corporation, to correct a recent article contained several misrepresentations and factual errors about Bitcoin. In its complaint, ABIB claimed that the article painted Bitcoin (BTC) as volatile, a tool for criminals, and ignored the…
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Bitcoin mining and hardware maker Canaan has entered into a partnership to co-develop a renewable-energy adaptive Bitcoin mining platform, expanding its focus on green energy as the industry seeks sustainable ways to meet its power demands. In conjunction with green-power developer SynVista Energy, Canaan plans to create a mining rig that uses an artificial intelligence-powered…
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Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs. Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar…
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Ripple Labs has received approval from Singapore’s central bank to expand its payment activities in the region, amid a broader push to grow its business and institutional-focused offerings through acquisitions. Ripple’s Singapore subsidiary, Ripple Markets APAC, has been approved by the Monetary Authority of Singapore (MAS) to expand the scope of its regulated payment activities…
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The UK has floated a new tax framework that eases the burden on decentralized finance (DeFi) users, with deferred capital gains taxes on crypto lending and liquidity pool users until the underlying token is sold, which the local industry has welcomed. HM Revenue and Customs (HMRC) proposed on Wednesday a “no gain, no loss” approach…
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