?? Crypto Exchange Secures Spot on Ireland's Virtual Assets Service Provider Register

received approval to register as a virtual asset service provider in Ireland, allowing the crypto exchange to operate in the European Union nation. The company was listed on the register as of June 7 under the name Foris DAX, the Central Bank of Ireland's website shows. will now be able to offer crypto-to-fiat exchanges and fiat wallets, the company said in a statement.



? Join
? Contact us

?? Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover

In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by his government.



? Join
? Contact us

? Bitcoin company Lightspark CEO says moving money natively on the internet will change the world for the better.

"(Bitcoin) will unleash a pretty significant amount of GDP for everyone in the world."

- David Marcus

?? US SEC is ‘bent on choking’ the crypto industry — Coinbase

The United States Securities and Exchange Commission (SEC) will continue its regulation-by-enforcement approach to the cryptocurrency industry for as long as it can to satisfy its goal of “choking” the industry, according to crypto exchange Coinbase. “The SEC is serious about the destruction of digital assets,” Coinbase declared in a May 31 filing with the U.S Court of Appeals in its ongoing effort to push the court to force the SEC to begin making fair rules for the crypto industry.



? Join
? Contact us

?? EU elections could hint at future direction for crypto regulations, Bitfinex analyst says

The European Union Parliamentary Elections, taking place next week, could provide further clues on how crypto will be regulated in that market, according to Bitfinex Head of Derivatives Jag Kooner. "A right-wing shift could lead to stricter crypto controls, while a pro-crypto outcome might accelerate supportive regulations like MiCA," Kooner told The Block.



? Join
? Contact us

?? Metaplanet to invest additional ¥250 million in Bitcoin amid staggering stock growth

Japan-based Metaplanet has announced plans to purchase an additional ¥250 million (approximately $1.6 million) worth of Bitcoin. The move has been approved by the company’s board and continues Metaplanet’s aggressive Bitcoin acquisition strategy. Once this purchase is completed, Metaplanet’s Bitcoin holdings will increase significantly from its current 117.72 BTC — valued at ¥1.2 billion ($7.7 million).



? Join
? Contact us

?? Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective

Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head of policy for the Asia-Pacific region at Chainalysis Inc., said the peer-to-peer nature of cryptocurrency activity renders the ban ineffective.



? Join
? Contact us

?? Former SEC chairman Clayton sees Ethereum ETF trading 'inevitable' but questions remain: CNBC

Former U.S. Securities and Exchange Commission Chairman Jay Clayton broke down the SEC's decision regarding spot Ethereum exchange-traded funds (ETFs) and what the next steps are. Clayton noted that the approved listings bode favorably for the product, adding that he thinks their trading will be "inevitable." But there are still thorny questions surrounding the product. The former SEC chairman first noted that Ethereum ETF approval comes in two steps.



? Join
? Contact us

?? US House passes market structure bill to regulate the crypto industry

The U.S. House of Representatives passed a crypto market structure bill that aims to regulate the industry at large, marking the first time comprehensive crypto legislation has been voted on in the full House. The House voted 279 to 136 on Wednesday to pass the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. Seventy-one Democrats voted in support of the bill, including former Speaker of the House Rep. Nancy Pelosi of California.



? Join
? Contact us

? Phishing Group Returns Stolen Crypto Worth $66.88M to Victim, Collects Bounty!

The phishing group responsible for the theft of 1155 Wrapped Bitcoin (WBTC) has made amends by returning all 22,960 Ethereum (ETH) worth approximately $66.88 million to the victim’s address. The phishing incident had initially sent shockwaves through the cryptocurrency community, as hackers managed to infiltrate hundreds of addresses and siphon off substantial sums of digital assets. However, the victim, whose identity remains undisclosed, took swift action and engaged with the perpetrators to negotiate the return of the stolen funds.



? Join
? Contact us

?? U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee. The House Rules Committee approved the legislation for a vote next month, potentially pushing it toward a high-water mark for crypto legislation in the U.S.



? Join
? Contact us

?? Robinhood CEO says Americans should be able to access crypto as it becomes 'more important'

Robinhood CEO Vlad Tenev said Wednesday that his firm is taking a stance for customers and that it was "not acceptable" for crypto not to be accessible to Americans. During the same interview, Tenev also noted that his firm met 16 times with the Securities and Exchange Commission before receiving a Wells Notice from the regulator.



? Join
? Contact us

? DWF Labs denies report that it did $300 million of wash trading on Binance last year

Crypto trading and market-making firm DWF Labs denied reports that it engaged in $300 million of wash trading on Binance in 2023. "It has come to our attention that a recent article contains many allegations that we believe to be unfounded and that do not accurately represent our ethical business practices," DWF Labs said in its Telegram channel.



? Join
? Contact us