Browsing: Cryptocurrency

In line with a previous warning, Pakistan has taken the decision to impose a stringent ban on internet-based crypto services.

Florida has become the first U.S. state to pass legislation prohibiting the use of Central Bank Digital Currencies (CBDCs).

In a Thursday notice, the Reserve Bank of Zimbabwe (RBZ) urged citizens and financial institutions in the nation to subscribe to its future gold-backed digital coin. According to the notification, applications for the tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions and corporations.

Bybit is the latest crypto platform to offer its consumers an in-house crypto lending service.

Members of the Litecoin community are testing an LTC-20 standard for fungibility. The token is now simply an experiment, but it has the potential to become more.

The European Union’s Parliament has given its official approval to the MiCA crypto legislation. The approval comes around five months after the historic FTX debacle and is intended to safeguard investors from such failures.

UAE launches crypto business licensing program first passed into law in January.
The new regime imposes minimum capital requirements and anti-money laundering rules. It does not apply to economic free zones or to Dubai, which is regulated by the Virtual Assets Regulatory Authority.

Bitcoin prices have smashed through the $30,000 psychological barrier during the Tuesday morning Asian trading session. Over $145 million in shorts against bitcoin prices were liquidated since early Asian morning hours on Tuesday.

The crypto exchange OKX has committed to cooperate and return over $157 million in frozen FTX funds to the bankruptcy team.

Nasdaq Inc remains focused on crypto custody services and is expected to launch by the end of the second quarter.