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Bitget Partners UNICEF Unit to Expand Blockchain Training Across India, Other Countries
Bitget plans to educate over 3,00,000 individuals across eight countries, including India, Brazil, Malaysia, and Morocco among others, in partnership with UNICEF Luxembourg . "Bitget Academy", the educational arm of exchange, will create a training module teaching how to create video games using the blockchain technology.
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Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards
Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.
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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
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Stablecoin Giant Circle's Shares Surge in Blowout NYSE Debut
Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday. The New York-based company's stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356 crore), on a fully-diluted basis.
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WazirX Restructuring Plan Rejected By Singapore High Court; Crypto Firm to Appeal Decision
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuri...
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Robinhood Acquires Bitstamp for $200 Million, Adds Over 50 Licences to Network
Robinhood has officially acquired Luxembourg-headquartered crypto exchange Bitstamp. In an announcement posted on June 2, Robinhood revealed that it paid $200 million (roughly Rs. 1,709 crore) in cash to complete this acquisition.
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Coinbase Breach Said to Be Linked to Customer Data Leak in India
Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." A May 14 SEC filing revealed that part of the breach involved an India-based employee of the US outsourcing firm TaskUs photographing her work computer with a personal phone.
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SEC Dropping Enforcement Case Against Binance Crypto Exchange
The US SEC has moved to end its legal battle against Binance. The regulator and the exchange’s co-founder Changpeng Zhao filed a joint motion on Thursday to stay the case in the US District Court for the District of Columbia.
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Kraken To Allow Trading In Apple, Tesla, Nvidia Shares As Digital Tokens: Report
Crypto exchange Kraken plans to launch tokenized versions of more than 50 stocks and exchange-traded funds, including shares of Apple, Tesla, Nvidia, the Wall Street Journal reported on Thursday.
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Bhutan Partners With Binance to Launch Crypto Payment System for Tourists
Bhutan has launched a crypto payment system to let users make crypto payments using Binance Pay. The aim is to incentivise tourists with cheaper alternatives to dodge currency exchange rates and limitations in the acceptability of international cards.
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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
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South Asian Crypto Investors are Cautious, Demand Advanced Crypto Awareness, Survey Shows
In its “Asia Crypto Security” report, Binance highlighted some crucial patterns observed in the Asian crypto market. Its report has highlighted that the demand for advanced security measures is intensifying in Asia’s crypto markets – where investors are cautious and frequent in their engagements with volatile crypto assets.
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FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
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Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
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Crypto Advocate Paul Atkins Sworn in 34th US SEC Chair
Paul Atkins has been sworn in as the 34th chairperson of the US Securities and Exchange Commission (SEC). Atkins’ appointment as the SEC chair aligns with President Trump’s vision of transforming the US into the crypto capital of the planet.
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Bitget Partners UNICEF Unit to Expand Blockchain Training Across India, Other Countries
Bitget plans to educate over 3,00,000 individuals across eight countries, including India, Brazil, Malaysia, and Morocco among others, in partnership with UNICEF Luxembourg . "Bitget Academy", the educational arm of exchange, will create a training module teaching how to create video games using the blockchain technology.
-
Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards
Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.
-
WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
-
Stablecoin Giant Circle's Shares Surge in Blowout NYSE Debut
Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday. The New York-based company's stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356 crore), on a fully-diluted basis.
-
WazirX Restructuring Plan Rejected By Singapore High Court; Crypto Firm to Appeal Decision
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuri...
-
Robinhood Acquires Bitstamp for $200 Million, Adds Over 50 Licences to Network
Robinhood has officially acquired Luxembourg-headquartered crypto exchange Bitstamp. In an announcement posted on June 2, Robinhood revealed that it paid $200 million (roughly Rs. 1,709 crore) in cash to complete this acquisition.
-
Coinbase Breach Said to Be Linked to Customer Data Leak in India
Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." A May 14 SEC filing revealed that part of the breach involved an India-based employee of the US outsourcing firm TaskUs photographing her work computer with a personal phone.
-
SEC Dropping Enforcement Case Against Binance Crypto Exchange
The US SEC has moved to end its legal battle against Binance. The regulator and the exchange’s co-founder Changpeng Zhao filed a joint motion on Thursday to stay the case in the US District Court for the District of Columbia.
-
Kraken To Allow Trading In Apple, Tesla, Nvidia Shares As Digital Tokens: Report
Crypto exchange Kraken plans to launch tokenized versions of more than 50 stocks and exchange-traded funds, including shares of Apple, Tesla, Nvidia, the Wall Street Journal reported on Thursday.
-
Bhutan Partners With Binance to Launch Crypto Payment System for Tourists
Bhutan has launched a crypto payment system to let users make crypto payments using Binance Pay. The aim is to incentivise tourists with cheaper alternatives to dodge currency exchange rates and limitations in the acceptability of international cards.
-
Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
-
South Asian Crypto Investors are Cautious, Demand Advanced Crypto Awareness, Survey Shows
In its “Asia Crypto Security” report, Binance highlighted some crucial patterns observed in the Asian crypto market. Its report has highlighted that the demand for advanced security measures is intensifying in Asia’s crypto markets – where investors are cautious and frequent in their engagements with volatile crypto assets.
-
FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
-
Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
-
Crypto Advocate Paul Atkins Sworn in 34th US SEC Chair
Paul Atkins has been sworn in as the 34th chairperson of the US Securities and Exchange Commission (SEC). Atkins’ appointment as the SEC chair aligns with President Trump’s vision of transforming the US into the crypto capital of the planet.
