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Robinhood plans to launch cryptocurrency services in Singapore by the end of 2025 after acquiring Bitstamp, using its licenses to enter the digital assets market in Asia
Robinhood has announced the launch of cryptocurrency services in Singapore by the end of 2025 after acquiring the Bitstamp exchange for $200 million. The company plans to use Bitstamp's licenses obtained from the Monetary Authority of Singapore (MAS), which will speed up its entry into the market. This will expand Robinhood's presence in the Asia-Pacific region and strengthen the company's position as a leader in digital assets, considering the growing interest of institutional investors.
The SEC rejected the appeal in the case concerning the "dealer rule," which became a victory for the cryptocurrency industry and ended the controversial regulation of cryptocurrencies in the U.S.
The SEC rejected the appeal in the case related to the "dealer rule" filed by the Blockchain Association and the Crypto Freedom Alliance of Texas, marking a significant victory for the cryptocurrency industry. This decision effectively terminates the controversial rule that expanded the SEC's powers in regulating cryptocurrencies. Christine Smith, CEO of the Blockchain Association, expressed gratitude to the SEC, noting that this step signals a shift in the approach to cryptocurrency regulation in the U.S. following the departure of Gary Gensler from the position of SEC Chairman. This event holds great importance for the future development of the cryptocurrency market in the country.
The Supreme Court of South Korea recognized the cryptocurrencies TerraUSD and LUNA as non-securities, rejecting the seizure of assets from Terraform Labs co-founder Shin Hyun-seong
The Supreme Court of South Korea ruled that the cryptocurrencies TerraUSD (UST) and LUNA are not securities, rejecting a request from the prosecution to seize assets from Terraform Labs co-founder Shin Hyun-sung. The court found that these assets do not meet the criteria of a financial product under capital market laws. This decision sets a precedent for the future classification of virtual assets in the country. Despite this, Shin and other company executives still face charges of fraud and market manipulation.
Nigeria has filed a lawsuit against Binance for $79.5 billion over unpaid taxes and illegal activities in the country, demanding financial reports for 2022 and 2023
The Nigerian government has filed a new lawsuit against the cryptocurrency exchange Binance, demanding a fine of 79.5 billion dollars and 2 billion dollars for unpaid taxes. Authorities have also demanded financial reports for 2022 and 2023. The lawsuit is related to accusations of illegal activity by Binance in the country without a license and its facilitation of the devaluation of the naira. Nigerian prosecutors accuse company employees, Tigran Gambaryan and Nadim Anjarwalla, of violations including tax evasion and money laundering.
Brazilian bank Braza Group launches the BBRL stablecoin on the XRP Ledger, with plans to capture 30 percent of the market in Brazil by 2025
Binance.US restores USD deposits and withdrawals after suspension due to regulatory issues, allowing users to trade in USD and make bank transfers
Franklin Templeton launches the first tokenized fund of U.S. Treasury bonds in Luxembourg, available to institutional investors in Europe
Trump fires highly qualified employees of the U.S. Department of Homeland Security to accelerate the implementation of immigration policy and improve DHS operations
The president of Argentina, Javier Milei, denied accusations of fraud, stating that his post about the cryptocurrency $Libra was not advertising but merely sharing information without the intention of promoting the project
Illegal cryptocurrency mining caused damages of 1.3 billion rubles in 2024: Russia introduces new restrictions and measures to combat electricity theft
Norway uncovers fraudulent scheme laundering 900 million kroner, with thousands of investors deceived by promises of profits from cryptocurrency and real estate
In Lagos, the Chinese individuals will stand trial for internet fraud and cyberterrorism after being detained as part of the EFCC "Eagle Flush" operation in 2024
Fraudsters scammed companies out of $5.6 million, posing as FTX debt holders, using AI-generated identities and access to FTX bankruptcy data
Fraudsters posing as FTX debt holders scammed two companies out of $5.6 million using AI-generated identities and access to FTX bankruptcy data. In June 2024, they sold fake debt securities, which were rejected by Kroll. The fraudsters used a 2023 data leak and manipulated appearances using AI. The funds were transferred through cryptocurrency exchanges Binance, CoinEx, and Gate.io, indicating that the operations are linked to a single group. To protect against fraud, it is crucial to thoroughly verify debt securities and cryptocurrency transactions.
Elon Musk urges an audit of the gold reserves at the Fort Knox base in Kentucky to ensure their safety and provide transparency for the public
Elon Musk called for an audit of the gold reserves at the Fort Knox base in Kentucky, citing the need for regular inspections. He expressed concern that such audits have not been conducted and stated that the public has the right to know that the gold is still stored at the base. Fort Knox holds over 147 million ounces of gold, but the last audit was conducted in 1974. Musk emphasized that this gold belongs to the American people and must be under reliable protection and scrutiny.
Nigeria is introducing taxes on cryptocurrency transactions to boost government revenue and protect investors through the licensing of centralized exchanges
Nigeria is introducing taxes on cryptocurrency transactions to increase government revenues in the face of economic instability. The new law, expected to be adopted this quarter, is aimed at integrating operations on licensed cryptocurrency exchanges into the official tax system. This measure will help regulate the growing cryptocurrency market and also enhance investor protection through the licensing of centralized exchanges, which will reduce fraud risks and increase trust in the industry.
Polkadot launches the first blockchain course for politicians: training UK deputies in Web3 and blockchain technologies in Zug, Switzerland, April 2025
Polkadot launches the first course in the crypto industry for politicians, which will take place from April 6 to 8, 2025, in Zug, Switzerland. The course, aimed at deputies and legislators, will provide knowledge on blockchain and Web3. Representatives from the British Parliament will participate, including Lisa Cameron. The course program is aimed at increasing awareness among politicians, which is especially important for the United Kingdom, where blockchain is of strategic importance for the development of technologies. This is a step towards forming informed decisions in the area of cryptocurrencies and blockchain regulation.
Best news of the last 10 days
Tether has signed a Memorandum of Understanding with the Government of Guinea for the implementation of blockchain technologies and the development of the country's digital economy
xAI launches Grok 3: a new AI model from Elon Musk with enhanced responses and voice interaction, available to Premium Plus subscribers on the X platform
The founder of Eliza (formerly ai16z) Show reports the hacking of his X account, through which a fake ELIZA token was promoted, causing panic among investors
Concerns about taxpayer data security and tax refund delays due to DOGE’s involvement, linked to Elon Musk, with the IRS
Bybit introduces a physical card for convenient cryptocurrency payments with 2 percent cashback, integration with Samsung Pay and Google Pay, and a free card for VIP users
Bybit, the second largest cryptocurrency exchange in the world, has introduced the Bybit Physical Card for convenient cryptocurrency payments. The card allows users to pay for goods and services anywhere Mastercard is accepted. VIP users get the card for free, while for others, the cost is $29.99. It has no annual or monthly fees, offers 2 percent cashback in USDT and AVAX, as well as up to 8 percent annual interest. The card integrates with Samsung Pay and Google Pay for convenient digital payments. Cardholders can also earn up to 10 percent cashback, limited to $300.
Scammers launched a fake meme coin of Saudi Arabia using a hacked account, resulting in financial losses for investors and confirming the risks of cryptocurrency schemes
Scammers launched a fake meme coin of Saudi Arabia (KSA) by exploiting the trend of politically supported cryptocurrencies. The scam was uncovered through a hacked account on X, which falsely represented the Saudi Arabian crown prince. Problems with the project became evident due to the lack of official information, transparency, and clear data on tokenomics and governance structure. This incident highlights the growing issue of scams with meme coins tied to political figures, leading to significant financial losses for investors.
Standard Chartered, Animoca Brands, and HKT have applied for a license to issue a Hong Kong dollar (HKD)-backed stablecoin under Hong Kong's new regulations
Standard Chartered, Animoca Brands, and HKT have applied for a license to issue a stablecoin backed by the Hong Kong dollar (HKD). Unlike most countries, in Hong Kong, currency issuance is carried out by private banks under the control of the Hong Kong Monetary Authority (HKMA). According to the new law, all stablecoin issuers must obtain a license by the end of 2024. This step aims to regulate and ensure the stability of digital currencies. If approved, Hong Kong may become the first country to issue a licensed HKD stablecoin, strengthening its position in the global financial system.
OpenAI rejected Elon Musk's $97.4 billion purchase offer, stating that the company is not for sale and will strengthen its non-commercial mission in the field of AI
OpenAI rejected the $97.4 billion purchase offer from a consortium led by Elon Musk, stating that the company is not for sale. This is a continuation of Musk's efforts to block OpenAI's transition to a commercial status. The startup's management emphasized that any changes will strengthen its non-commercial foundation and mission, which is to ensure that artificial intelligence benefits all of humanity. Musk, for his part, accuses OpenAI of violating its original goal and is seeking to regain control over the organization.