TL;DR Breakdown Binance, a leading cryptocurrency exchange, reversed its earlier decision to delist certain privacy coins in Europe, amidst increasing regulatory requirements. The initial move to delist privacy coins was triggered by the European Union’s new Markets in Crypto Assets (MiCA) regulation, which requires increased transparency and information sharing for crypto transactions. Despite initial concerns, the MiCA regulations have been largely welcomed by the crypto industry, including companies like Ripple, for providing clear rules for digital assets. Description Binance has reversed its plan to remove certain privacy coins from its European markets. This decision was made amidst increasing regulatory scrutiny and demands. Binance had previously planned to stop trading services for 12 privacy-focused cryptocurrencies, including well-known ones like Monero, Dash, and Zcash, as well as lesser-known tokens such as XVG and SCRT. This would have affected users … Read more Binance has reversed its plan to remove certain privacy coins from its European markets. This decision was made amidst increasing regulatory scrutiny and demands. Binance had previously planned to stop trading services for 12 privacy-focused cryptocurrencies, including well-known ones like Monero, Dash, and Zcash, as well as lesser-known…

TL;DR Breakdown Swiss prosecutors freeze $26 million in crypto funds of Terraform Labs executives following requests from U.S. authorities. The frozen assets are part of an investigation into fraud and securities violations linked to Terraform Labs’ collapsed project. Founder Kwon Do-hyeong and former CFO Han Chang-joon face legal troubles, with recent sentencing in Montenegro and extradition sought by South Korean authorities. Description Swiss authorities have taken a significant step in the ongoing investigation into Terraform Labs and its top executives by freezing approximately $26 million in cryptocurrency funds. Following requests from U.S. federal prosecutors in New York and the Securities and Exchange Commission (SEC), the move highlights the international cooperation in pursuing allegations of fraud and securities … Read more Swiss authorities have taken a significant step in the ongoing investigation into Terraform Labs and its top executives by freezing approximately $26 million in cryptocurrency funds. Following requests from U.S. federal prosecutors in New York and the Securities and Exchange Commission (SEC), the move highlights the international cooperation in pursuing allegations of fraud and securities law violations. Allegations of wrongdoing…

TL;DR Breakdown Bitcoin starts the week at $30,270 with a slight 1.27% loss fuelled by the negative crypto weekend effect. The week anticipates United States data prints, which will follow commentary by Jerome Powell, chair of the Federal Reserve, over two days on June 28–29.  June 30 will see the release of the latest U.S. Personal Consumption Expenditures (PCE) Index figures. Bitcoin Fear and Greed index falls to 55. What direction will the market take this week? Description The crypto industry has normally had negative weekend effects, but Bitcoin has lived through the period with grace. Now, Bitcoin starts a new week in a solid position above $30,000 after its latest rapid gains. According to CoinMarketCap, the price of BTC today sits at $30,270. The leading coin has a 24-hour trading volume of … Read more The crypto industry has normally had negative weekend effects, but Bitcoin has lived through the period with grace. Now, Bitcoin starts a new week in a solid position above $30,000 after its latest rapid gains. According to CoinMarketCap, the price of BTC today sits…

TL;DR Breakdown South Korean authorities have issued a travel ban to executives of Haru Invest in connection with fraud charges. The travel prohibition comes against a broader background of increased scrutiny and regulation in the crypto business following the collapse of FTX and the arrest of its CEO, Sam Bankman Fried. Haru Invest has ceased withdrawals for its 80,000 subscribers in 140 countries and laid off around 100 employees. Description In a significant turn of events for the crypto sector, South Korea has banned the management of notable crypto business Haru Invest from leaving the country. Concerns about investor safety and regulatory compliance in digital assets prompted this action following a fraud probe against the company. This decision sends a solid message to would-be wrongdoers … Read more In a significant turn of events for the crypto sector, South Korea has banned the management of notable crypto business Haru Invest from leaving the country. Concerns about investor safety and regulatory compliance in digital assets prompted this action following a fraud probe against the company. This decision sends a solid message…

TL;DR Breakdown   Exodus integrates Bitcoin-backed stablecoin Sovryn Dollar (DLLR) into its platform. The integration allows Exodus to access operating cash without relying on traditional banking services. Sovryn’s Mynt protocol combines multiple Bitcoin-backed stablecoins, providing distinct options and flexibility for users. Description In a groundbreaking move, Exodus, the renowned cryptocurrency software wallet, has announced the integration of Sovryn Dollar (DLLR), a stablecoin backed by Bitcoin, into its platform. This strategic partnership marks a significant milestone for both companies and signifies the beginning of a new era in financial autonomy and custody. With its extensive experience in the … Read more In a groundbreaking move, Exodus, the renowned cryptocurrency software wallet, has announced the integration of Sovryn Dollar (DLLR), a stablecoin backed by Bitcoin, into its platform. This strategic partnership marks a significant milestone for both companies and signifies the beginning of a new era in financial autonomy and custody. With its extensive experience in the crypto industry since 2015, Exodus boasts a user base of approximately 4 million individuals. The company’s co-founder and CEO, JP Richardson, expressed excitement over including…

TL;DR Breakdown 50 Chinese citizens were arrested in Libya for allegedly running an illegal cryptocurrency mining operation in Zliten city. The operation was located in an abandoned iron factory and was dismantled by Libyan authorities. Prior to this event, ten individuals related to the operation had already been arrested. Another illegal crypto mining operation was discovered and dismantled in Misrata city. Description In an audacious scenario that spotlights the clandestine world of cryptocurrency mining, 50 Chinese citizens have been taken into custody by the Libyan authorities. Their apprehension follows accusations of them orchestrating a crypto mining operation in Zliten, a city located in the east of the Tripoli province. The illicit operation was reportedly dismantled, marking a … Read more In an audacious scenario that spotlights the clandestine world of cryptocurrency mining, 50 Chinese citizens have been taken into custody by the Libyan authorities. Their apprehension follows accusations of them orchestrating a crypto mining operation in Zliten, a city located in the east of the Tripoli province. The illicit operation was reportedly dismantled, marking a significant crackdown on illegal mining…

TL;DR Breakdown Bybit secures license in Cyprus, expanding global presence and becoming a trusted platform in the Cyprus cryptocurrency market. Cyprus emerges as a thriving hub for crypto activities, attracting companies with favorable regulations and anticipation of the upcoming EU-wide framework. Bybit strategically positions itself amidst regulatory consolidation, demonstrating a commitment to compliance and security in the industry. Description Dubai-based crypto exchange Bybit has achieved a significant milestone by obtaining a license to operate a crypto exchange and offer custody services in Cyprus. This move comes after Bybit faced challenges in Japan and exited the Canadian and U.K. markets. Bybit’s commitment to regulatory compliance and dedication to robust frameworks have been key factors in … Read more Dubai-based crypto exchange Bybit has achieved a significant milestone by obtaining a license to operate a crypto exchange and offer custody services in Cyprus. This move comes after Bybit faced challenges in Japan and exited the Canadian and U.K. markets. Bybit’s commitment to regulatory compliance and dedication to robust frameworks have been key factors in this achievement. In a press release, the company’s…

TL;DR Breakdown Ethereum’s performance is being affected by regulatory uncertainties, making it lag behind Bitcoin. The SEC is yet to decide if Ether will be classified as an unregistered security, which can complicate its trading process. Bitcoin, treated as a commodity, has seen an increase in value due to investor flight from regulatory risk and anticipation of new Bitcoin exchange-traded funds. Description As the U.S. Securities and Exchange Commission (SEC) casts a vigilant gaze over the evolving world of cryptocurrency, the regulatory future of Ethereum, the second-largest digital currency, hangs in balance. Analysts indicate this uncertainty is hindering Ether’s progress, causing it to lag behind the market leader, Bitcoin. The crux of the regulatory ambiguity centers around … Read more As the U.S. Securities and Exchange Commission (SEC) casts a vigilant gaze over the evolving world of cryptocurrency, the regulatory future of Ethereum, the second-largest digital currency, hangs in balance. Analysts indicate this uncertainty is hindering Ether’s progress, causing it to lag behind the market leader, Bitcoin. The crux of the regulatory ambiguity centers around whether the SEC will classify…

TL;DR Breakdown Investors are assessing potential risks as they delve deeper into the Artificial Intelligence (AI) sector following a hype surge. Diverse sectors like IT services, consultancy, media, education are under scrutiny to evaluate AI’s potential disruption. While AI has the potential to significantly boost profitability, it also poses challenges, including the necessity to overhaul business models. AI could lead to a slowing sales growth and share price underperformance, especially where growth hinges on workforce. Description The swift embrace of generative artificial intelligence (AI) has undoubtedly caused a stir in the market this year. After the initial wave of enthusiasm, investors are becoming increasingly cognizant of the potential risks, calling for a more refined approach in the selection of stocks. Diverse industries such as IT services, consultancy, media, information, and education … Read more The swift embrace of generative artificial intelligence (AI) has undoubtedly caused a stir in the market this year. After the initial wave of enthusiasm, investors are becoming increasingly cognizant of the potential risks, calling for a more refined approach in the selection of stocks. Diverse industries…

TL;DR Breakdown HSBC, Hong Kong’s largest bank, now allows customers to trade Bitcoin and Ethereum Exchange-Traded Funds (ETFs), marking a milestone in the city’s financial sector. This move responds to recent ETF applications by crypto asset management companies, indicating a growing demand for crypto exposure. HSBC’s support increases crypto accessibility for Hong Kong’s citizens, opening new investment avenues within a regulated framework. This development strengthens Hong Kong’s position as a crypto and fintech hub. Description In a significant development, Hong Kong’s premier banking institution, HSBC, now provides services allowing customers to trade Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This momentous occasion marks the first time a bank in Hong Kong has ventured into the ETF crypto market, pioneering a new era in financial services in this vibrant city. A game-changer … Read more In a significant development, Hong Kong’s premier banking institution, HSBC, now provides services allowing customers to trade Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This momentous occasion marks the first time a bank in Hong Kong has ventured into the ETF crypto market, pioneering a new era in…