Crypto exchange Binance has withdrawn its application for an investment fund license in Abu Dhabi. The exchange’s BV Investment Management unit withdrew the application with Abu Dhabi’s Financial Services Regulatory Authority yesterday, according to the regulator’s website. The license would have permitted Binance to manage a collective investment fund in the country. “When assessing our global licensing needs, we decided…
The project “Realm of Historia” recently announced its intentions to make strides in preserving Armenian cultural heritage through leveraging the use of blockchain technology and nonfungible tokens (NFTs). In a departure from conventional methods, this initiative seeks to digitize historical artifacts and physical historical sites, starting with the “Realm of Historia: Carahunge X” digital asset collection. Cointelegraph spoke with the…
In today’s rapidly evolving digital world, cryptocurrencies have taken center stage as a trendy and lucrative investment option. Among the plethora of trading platforms in the market, the Bitcoin Lifestyle application has emerged as a popular choice for both novices and experienced traders. Bitcoin Lifestyle is an app that can automate a user’s trading activity. Although it may not always…
U.S. Senator Elizabeth Warren (D-Mass.) has called for the country’s Bank Secrecy Act to be updated to address the “threat” of crypto. “What we need to do is we need to update it again because there’s a new threat out there. It’s crypto,” Warren told CNBC Squawk Box, claiming that cryptocurrency is used for terrorist financing and drug trafficking. She…
This year, Kazakhstan’s Financial Monitoring Agency (AFM) blocked access to almost a thousand crypto exchanges that were serving the country’s citizens without proper registration. According to the press release from Dec. 7, published on the government’s website, the AFM denied access to 980 illegal platforms in 2023. It also launched nine investigations into “illegal exchange operations” and money laundering. This…
India’s homegrown e-commerce giant Flipkart will use Polygon’s chain development kit (CDK) to launch a Web3 loyalty program. On Dec. 2, Polygon and Flipkart announced a strategic partnership to effectively position the e-commerce platform into Web3 and the metaverse. This included initiatives such as Flipverse for nonfungible tokens (NFTs), eDAO for metaverse and the FireDrops NFT marketplace. Building on this…
Frozen funds in crypto, explained Frozen funds typically mean access to such funds has been restricted or temporarily halted. Several factors, such as technological errors, security precautions, disagreements, investigations and regulatory compliance, can lead to such circumstances. So, can a crypto exchange freeze your account? If exchanges or financial institutions suspect fraudulent activity or money laundering related to the account,…
Developers of Bitcoin side-chain MicroVisionChain (MVC) have unveiled a BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024. In an interview with Cointelegraph, MVC chief operating officer Jason Kwok claims to have developed a “1:1 mapping relationship” with Bitcoin on its sidechain. “This essentially creates a parallel version of your Bitcoin assets, such as BRC-20, on MVC,”…
BBVA Switzerland, a Swiss branch of one of the largest Spanish banks, has announced it will use Ripple-owned tech firm Metaco’s Harmonize platform for its crypto custody operations with institutional investors. According to the press release published on Dec. 7, BBVA, which has been providing Bitcoin and Ether custody since 2021, migrated its infrastructure to Harmonize to achieve more agility…
Bitcoin (BTC) struggled to hold above $43,000 into Dec. 8 as an altcoin surge put Ether (ETH) in the spotlight. BTC/USD 1-hour chart. Source: TradingView ETH, SOL step up as Bitcoin takes liquidity Data from Cointelegraph Markets Pro and TradingView showed ongoing BTC price consolidation as ETH/USD added up to 7.6% in around 24 hours. Bitcoin, having tapped new 19-month…
