Nexo sues Cayman Islands financial regulator over VASP license
The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit...
Iran and Russia are developing a stablecoin backed by gold
Iran and Russia are reportedly eyeing a new stablecoin for cross-border trade, including in the Astrakhan special economic zone. The stablecoin will be backed by...
Binance brings new cold storage solution to institutions
Binance’s off-exchange settlement solution Binance Mirror to benefit institutional investors. The solution is offered via Binance Custody, a regulated institutional digital assets platform. Binance Mirror...
Solana price has spiked 137% YTD as cryptocurrencies soar
Solana is currently changing hands at $23.26, about 137% up year-to-date. The coin’s price plummeted after FTX fell in November, ending the year below $10....
CBDCs not worth the costs and risks, says former BoE advisor
Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions of the past 12 months. China has rolled out...
Binance and Huobi recover 121 BTC from Harmony bridge hackers
The Harmony bridge hack took place in June last year and over $100 million was lost 121 bitcoins have been recovered by Huobi and Binance...
Bithumb ordered to pay customers for service outage
Bithumb had a one and half hour outage that caused customers to lose funds. South Korean Supreme Court has ordered the exchange to pay the...
Iran and Russia want to issue new stablecoin backed by gold
The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold.According to the Russian news...
Bithumb ordered to pay outage damages to investors by South Korean court
The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.On Jan. 13 the South Korean Supreme Court...
Bank of Thailand to allow first virtual banks by 2025
Bank of Thailand (BOT) has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able...