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Bankrupt cryptocurrency lending platform Celsius has started withdrawals for select users in a crucial development for the company and its clients amid financial instability and legal issues.According to a filing in the United States Bankruptcy Court for the Southern District of New York, participants in its custody program falling under
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The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the crypto firm WadzPay, marking a pivotal step in the company’s journey toward obtaining a Virtual Asset Service Provider (VASP) license for virtual asset services and activities.According to the announcement, Wadzpay’s VARA license allows it to
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The Nigerian Minister of Communications, Innovation and Digital Economy, Bosun Tijani, revealed on Friday, Oct.13, that the government intends to grant 5 million naira ($6,444) to 45 artificial intelligence (AI)-focused startups and researchers.This initiative was disclosed by the minister in a post on X (formerly Twitter) and is part of the
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In the face of these difficulties, one ray of hope has emerged: crypto grants. Organizations like Dfinity (ICP), 1inch, Uniswap Foundation, Near, Aave, the Solana Foundation and others have recognized the importance of supporting builders in the Web3 space even in the face of harsh market conditions. Source
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A federal judge has sided with the United States Department of Justice in motions aimed at precluding the testimony of 7 witnesses on behalf of former FTX CEO Sam Bankman-Fried, or SBF.In a Sept. 21 filing with U.S. District Court for the Southern District of New York, Judge Lewis Kaplan
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Swiss bank SEBA received an in-principle license approval from the Hong Kong Securities and Futures Commission (SFC). The in-principle approval from the financial authority will allow the entity to operate in the crypto industry. The company
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"Complementing Seba Group’s established licenses in Switzerland (FINMA) and Abu Dhabi (FSRA), the Hong Kong AIP significantly extends our global regulatory footprint," CEO Franz Bergmueller said in a statement. "Seba Group aligns itself with the Hong Kong government and its financial regulators in facilitating an environment that supports the responsible
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Komainu, a joint venture of Ledger, CoinShares, and Nomura, gains a full operating license from Dubai’s VARA, bolstering Dubai’s ambition to become a crypto hotspot. Crypto custody service Komainu, backed by Nomura, Ledger, and Coinshares, has
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As the bear market keeps slashing venture capital investments in the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community while enabling the growth of established projects. According to Blockchain Grants, at least 40 crypto projects are currently offering grants for
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The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.In an Aug. 16 announcement, the Abu Dhabi-headquartered M2 said the regulatory approval would allow
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