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Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023.As Bitget decided not
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As Brazilian lawmakers discuss a bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill.Bill 4.420/2021, authored by Deputy Carlos Bezerra, is currently being considered by the Committee on
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During the 2021 bull market, many large mining companies took on massive loans to buy equipment and the proper infrastructure required to mine cryptocurrency. Yet the collapse of crypto exchange FTX and Celsius left many of these companies filing for bankruptcy. The current bear market, coupled with high Bitcoin network hash
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While Nigeria appears to have a high level of blockchain and crypto awareness, the country is still facing issues related to public education in the field. A group of local blockchain experts discussed blockchain education's challenges in Nigeria at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Royal Canadian Mounted Police (RCMP) seeks a solution to streamline seizing and storing cryptocurrencies and NFTs. The solution aims to create a centralized repository that enables law enforcement to seize digital assets in a more accessible
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The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’ July 13th summary judgment in its ongoing legal battle against Ripple Labs.In an Aug. 9 letter to Judge Torres, the SEC explained it believed her decision warrants a fresh
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Crypto exchange Binance and its co-founder Changpeng Zhao (CZ) have requested the dismissal of the lawsuit filed by the United States Commodities and Futures Trading Commission (CFTC) on Thursday, July 27. The legal representatives of Binance and Zhao submitted the motion for the lawsuit's dismissal in the Chicago court.In their
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Financial market investors are increasingly turning to risk-defined derivative instruments, as evidenced by the surge in demand for bitcoin options contracts, with open interest nearing its all-time high. On-chain data reveals distinct bitcoin market signatures According to Glassnode,
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The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say. Original Source
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Michigan Rep. Bill Huizenga pointed out that the documents shared by the SEC contained minimal information, mainly consisting of public briefings on the collaborative efforts between the SEC and the Justice Department in the case of SBF. The Chairman of the United States House Oversight and Investigations Subcommittee, Bill Huizenga, has
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