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Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court
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Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending. Five Crypto Firms Can Continue to
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The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a Thursday update to its list of "Cryptoasset firms with Temporary Registration," the United Kingdom’s financial regulator named CEX.IO, Revolut, Copper, Globalblock
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CEX.I0, Copper Technologies, GlobalBlock, Revolut and Moneybrain remain on the temporary registration list. Original Source
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The U.K.'s Financial Conduct Authority has pushed back its March 31 deadline for select crypto firms to attain full registration. Source
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Ethereum found support on Tuesday, following a drop to a three-week low earlier in today’s session. This comes as the price of bitcoin also consolidated, following recent bearish pressure. Bitcoin The selloff in BTC momentarily eased on Tuesday, as global markets continued to closely monitor the Russia/Ukraine situation. BTC/USD dropped to a
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Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to
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Cryptocurrency companies in the United Kingdom could face temporary registration limits to continue their services.According to the statement, this regulation applies to crypto businesses in the UK that applied for the registration before December 16 this year, and are still pending. “This is to enable those existing businesses to continue
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Coinbase experienced a brief outage Wednesday as the price of Bitcoin rallied to just below $9,000. According to Coinbase’s status page, the exchange’s website, mobile app, and API website experienced major outages. Several Twitter users also noted the connectivity issues with screenshots of the Coinbase website and mobile app. Kraken reported some
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Coinone Global Exchange (CGEX), a Malta-based crypto exchange launched by major South Korean exchange Coinone, will terminate its service in mid-September.Less than a year in operationAccording to an announcement on Aug. 12, the exchange will shut down services at 2:00 a.m. UTC on Sept. 18. CGEX initially launched in
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