Lens
Regulatory News
After nearly a year under investigation, crypto exchange and derivatives trading platform Bitmex has agreed to pay as much as US$100 million to settle charges brought by the U.S. Commodity Futures Trading Commission and the Financial Crimes Enforcement Network, according to a company blog post. Fast facts Alex Höptner, BitMEX’s CEO, told Forkast.News in a […]
Lachlan Keller
Crypto Trading and Strategies
CoinDCX, an Indian cryptocurrency exchange, has become the country’s first crypto unicorn with a US$90 million Series C fundraise, the company announced today. The funding was led by Facebook co-founder Eduardo Saverin’s B Capital. The fresh funding pegs CoinDCX’s valuation at US$ 1.1 billion. Fast facts Founded in 2018, CoinDCX offers a range of crypto […]
Monika Ghosh
Crypto Trading and Strategies
Singapore-headquartered cryptocurrency exchange Zipmex has announced that it has struck a cooperation agreement with Visa. Fast facts The exchange’s payment network, ZipSend, will be integrated into Visa’s global merchant network. Visa will also cooperate with another 50 cryptocurrency platforms. Zipmex plans to launch Visa-branded payment cards later this year. In July, Visa said that its […]
Ningwei Qin
Regulatory News
Singapore and Hong Kong are at the forefront of regulations over crypto exchanges, writes Vince Turcotte of Eventus Systems. Here's why trade surveillance and risk management will be critical.
Vince Turcotte
Regulation
Binance — the world’s largest cryptocurrency exchange by trading volume — today announced that it will be restricting the use of its derivatives products for customers from Hong Kong. Fast facts Hong Kong customers will, with immediate effect, not be able to open new Binance deriviative product accounts, according to a Binance announcement posted at […]
Michelle Lim
Regulation
Australian cryptocurrency exchange Independent Reserve said Monday that it had received an “in-principle approval” for a Major Payment Institution License in Singapore to operate as a regulated digital payment token (DPT) service provider, according to a company statement. Fast facts Founded in Australia in 2013, Independent Reserve set up its first overseas operations in Singapore […]
Michelle Lim
Regulation
A provision in an infrastructure bill being debated by the U.S. Senate has prompted concerns in the crypto industry as it boosts Internal Revenue Service reporting requirements for investors and brokers. Fast facts According to the New York Times, the provision is an effort to help fund a US$ 1 trillion bipartisan bill and could […]
Lachlan Keller
Regulation
Speaking to Parliament, India's finance minister reveals that the government does not know how many crypto exchanges India has nor the number of crypto users.
Yihui Xie
Crypto Trading and Strategies
The fee-free trading platform’s initial public offering promises plenty of action for retail investors, but pitfalls may lie in wait amid trading volatility and wider adoption of business model.
Timmy Shen
Regulation
Closure of blockchain business may be related to regulatory concerns, but unlikely to hit crypto industry hard, observers say.
Timmy Shen
