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SEBA Bank, headquartered in Zug, Switzerland, has achieved a significant milestone in its global expansion strategy. It has secured approval from the Securities and Futures Commission of Hong Kong to engage in regulated activities related to crypto. This accomplishment underscores SEBA’s unwavering commitment to offering a comprehensive range of services within the digital asset sphere. It also extends its reach into a pivotal financial hub in the Asia-Pacific region. The recently obtained license in Hong Kong grants SEBA the authority to participate in a range of activities linked to crypto . These activities encompass the trading and distribution of all forms of securities. This includes products related to virtual assets, such as over-the-counter (OTC) derivatives and structured instruments. However, virtual assets remain their underlying components. Moreover, SEBA will now be able to provide advisory services related to securities and digital assets. It is even authorized ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto traders have seen the highs and lows of four crypto bull markets in the past. With Bitcoin (BTC) doubling from its recent lows, we have concluded the first part of this fifth bull market and have reached a critical juncture. Up until now, Bitcoin dominated, but as this bull market progresses, we will likely see altcoins outperforming as crypto traders are becoming more confident that this bull market has many months left. What is changing? After many quarters of declining revenues for the Ethereum (ETH) ecosystem, those revenues are bottoming out from depressed levels; this could signal a tradeable bottom for ETH. While revenues have only climbed back into the summer 2023 range of $30 million in weekly fees, the shocking number of just $12.1 million during the week of Oct. 9 might be behind us. A tactical bullish trade could...

Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program. As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment of the current state of traditional finance. By comparison, decentralized finance (DeFi) has the potential to provide similar services, including fund transfers, payments and storage, much quicker and at lower costs. However, the majority of financial technology (fintech) applications offered by TradFi services win the users in terms of user experience and simplicity, leaving the unnecessarily complex and obscure DeFi apps with limited adoption. Mainstream users require a friendly experience and easy-to-use applications to dip their toes in decentralized waters before becoming full-fledged ...

According to an Oct. 31 update, PayPal UK Limited secured registration as a crypto asset business by the Financial Conduct Authority (FCA). This makes PayPal the fifth firm to receive the FCA’s crypto registration this year, alongside names like Interactive Brokers, Bitstamp and Komainu. You might also like: UK’s FCA to authorize overseas stablecoin providers One of the 14% approved Under PayPal’s listing on the FCA website, the status can now be found as “Registered Since Oct. 31, 2023” for “certain crypto asset activities.” In a statement to a local news site, a spokesperson said that this announcement “enabl[es] the transfer of PayPal’s UK customer accounts to this new UK entity from PayPal Europe on Nov. 1, 2023.” Background and registration statistics | Source: FCA website Since January 2020, the FCA has received 326 applications, of which only 14% or 43 received registration status. Of this number, only 34 were submitted this year, with a mere 6% or five...

In the constantly evolving realm of crypto currencies, Shiba Inu (SHIB) has once again demonstrated its commitment to innovation. Over the weekend, the Shiba Inu development team made a significant announcement that reverberated throughout the crypto currency community. They introduced a 72-hour countdown for the launch of their distinctive self-custodial identity for Shiba Inu. This revelation closely followed the recent introduction of Shibarium, a layer 2 scaling solution designed to enhance the capabilities of the SHIB crypto currency. With this latest revelation, Shiba Inu is positioned to redefine the landscape of blockchain technology. According to the official statement, the self-custodial identity initiative is described as a “game changer.” The Shiba Inu team firmly believes that it will bring about a “monumental shift in the blockchain world.” These bold statements have ignited the enthusiasm of the Shiba Inu community, affectionately known as the ...

Greed dominated the overall crypto currency market sentiment in the last few weeks, with Bitcoin (BTC) and altcoins registering significant gains. Meanwhile, three crypto currencies are leading as the best performers for the week against other top-100 assets by market cap. These 3 top-100 cryptos are Mina (MINA), Pepe (PEPE), and Injective (INJ). With accumulated gains in the week of 77.51%, 60.46%, and 53.97%, respectively, according to CoinMarketCap ‘s top gainer’s index on October 25. Notably, their 24-hour volume is proportional to the price increase, with Mina registering $888.53 million, Pepe $281.53 million, and Injective carving $149.79 million of tokens changing hands in the last day. Interestingly, INJ has the highest market capitalization among the top 3 gainers of the week, in the 44th position on CoinMarketCap. The token MINA is the second-largest, ranked 60th, while PEPE has the 84th rank by market cap. Top gainers of the week among the top 100 cryptocurrencies...

As of July 2026, crypto asset service providers in Europe may not fully enjoy the rights and protections accorded to them under MiCA, according to the European Securities and Markets Authority (ESMA). Investors in cryptocurrencies within Europe currently lack protection under the European Union’s cryptocurrency asset market rules, and the implementation of safeguards will take some time. On October 17, the European Securities and Markets Authority (ESMA), Europe’s securities regulator, issued a statement regarding the transition to the Markets in Crypto-Assets Regulation (MiCA), the European crypto regulations. The ESMA highlighted that the invest or protection s outlined in MiCA will not be effective until at least December 2024. During this period, invest ors must be prepared for the possibility of losing the entire amount they intend to invest in crypto . The authority clarified: “Holders of crypto -assets and clients of crypto -asset service providers...

Coinbase crypto exchange has supported an initiative to prevent illegal activities from Hamas in the crypto currency space. Coinbase has joined other companies in supporting the fight against terrorist organizations. It believes that no asset, including gold, fiat money, or crypto currencies, can be used to finance Hamas and other terrorist groups. According to the statement, approximately 400 Coinbase employees monitor compliance and participate in investigations. The exchange team will report suspicious transactions to regulators and monitor and block IP addresses associated with prohibited jurisdictions where Hamas could gain donations. “Blockchain analytics technology allows us to trace, report, and even prevent terrorist financing. This is why it’s critical to prevent crypto from thriving offshore and ensure that the US continues to be a world leader in the fight against financial crime and terrorism.” Coinbase team In May 2023, Israeli authorities froze 190 ad...

Memeinator presale has entered the fourth stage. The presale occurs in 29 stages, with the token returning by 132%. Memeinator carries a 1,000% potential due to strong speculation and utility. The crypto landscape keeps changing, with new tokens and regulations shaping the future of the sector. In response to the uncontrolled growth of new meme tokens,  Memeinator (MMTR) has come to create order. Within a few days of presale, the token raised $703,442, with more investors buying it. Conversely, Australia is endearing itself as a crypto -friendly jurisdiction with new licensing proposals. Are these developments positive? Australia eyes a new crypto licensing regime for exchanges Australia’s Treasury has  proposed new licensing and custody regulations for crypto asset providers. The latest  cryptocurrency news says regulators could issue the draft regulations by 2024. Exchanges will be given 12 months to comply with the new lice...

Coinbase (NASDAQ: COIN) lost around half of its trading volume year-to-date (YTD), as an effect of the extended crypto winter , and regulatory pressure exerted over the largest crypto currency exchanges. Trading volume accrued for the most part of COIN’s total revenue in 2023 Q2. Notably, Coinbase registered $76 billion in spot trading volume in 2023 Q3, a drop of 47% from the $144 billion registered in both the last quarter of 2022 and the first quarter of 2023, according to data by CCData, reported by Bloomberg on October 11. This current spot trading volume marks a 12-quarter low for Coinbase, considering the $87 billion estimated in 2020 Q4, a few months before COIN’s listing on Nasdaq. Moreover, the downtrend in Coinbase’s operational volume follows the stock market perception of value for holding COIN shares. With subsequent worse results in each new quarter since 2021, Q4’s top at $459 billion, during the euphoric crypto currencies’ bull market. COIN stock analysis ...

Cryptocurrency investment products, in a remarkable trend, witnessed consecutive weeks of substantial inflows, with a staggering $78 million pouring in, as reported by CoinShares. In the preceding week, digital asset investment products continued their surge, reaching volume peaks not seen since July 2023, as detailed in a newly released report. CoinShares , the crypto asset management firm, disclosed that crypto investment products welcomed inflows for a second consecutive week, amassing an impressive $78 million, as per their weekly analytical report published on October 9. Further insights from CoinShares indicate that the volumes of crypto exchange-traded products (ETPs) experienced a remarkable 37% surge over the last week, crossing the $1.1 billion mark. Bitcoin, in particular, witnessed a notable 16% rise in trading volume on reputable exchanges, as highlighted in the report. Solana, currently ranking as the eighth largest cryptocurrency by market capitalization, conti...

Blackmail and ransomware are the most common crypto scams, a new research shows. Explore how to protect your funds. Cryptocurrencies have promised innovation but have also seen their fair share of wrongdoing, especially in the form of scams that have left investors counting their losses. According to Chainanalysis, while the first half of 2023 saw a reduction in crypto scam revenue by nearly $3.3 billion compared to 2022, totaling just over $1.0 billion, ransomware remained a persistent issue. Ransomware attackers managed to extort approximately $175.8 million more during this period than in the previous year. Meanwhile, in the third quarter of 2023 alone, the number of crypto hacks and scams skyrocketed by nearly 60% compared to the same period in 2022, with nearly $686 million lost to fraudulent activities. A notable incident within this period was the Mixin hack on Sep. 25, where attackers made away with roughly $200 million. Let’s delve deeper and explore various types of scam...

BNB, the token associated with crypto exchange Binance, has attracted additional scrutiny with a recent Forbes investigation revealing that the original Initial Coin Offering (ICO) was a flop.  The report, produced in collaboration with Gray Wolf Analytics and Inca Digital, alleges that less than 11 million of the 100 million tokens on offer were actually sold in the sale. After this failure, Binance apparently chose to double the allocation for angel investors like Matthew Roszak and Roger Ver. The report further alleges that Binance “likely raised less than $5 million,” significantly less than the $15 million that Changpeng Zhao, the founder and chief exec, bragged about on LinkedIn.  The end result of this failed ICO was, allegedly, that Binance ended up with vastly more BNB than it had planned , and as BNB has become more valuable over time, this has resulted in large financial benefits for the company. Forbes highlights in its reporting that this could be because...

JPEX’s attempt to transition into a DAO has sparked controversy and frustration among some users. The users who claim their assets were converted without their consent. The exchange is also facing scrutiny from authorities in Hong Kong. In a surprising move, the JPEX cryptocurrency exchange has initiated a contentious DAO Shareholder Dividend Scheme, leaving some users in distress as their assets reportedly get converted without their consent. JPEX recently announced its intention to transform into a decentralized autonomous organization (DAO) and offered users the opportunity to convert their frozen asset s into DAO Stakeholder dividends at a 1:1 ratio. Additionally, the exchange introduced a repurchase option, allowing users to recover 30% of the conversion price after one year and 100% after two years. Disquiet among customers JPEX’s scheme was seemingly devised to tackle JPEX’s ongoing liquidity challenges, providing an incentive for...

The global trading landscape has evolved significantly over the past fifty years, expanding accessibility from exclusive wealthier groups to everyday individuals through online platforms. The rise of artificial intelligence (AI) has reshaped trading, contributing to the emergence of platforms like Immediate Edge. What is Immediate Edge Immediate Edge is an AI-driven trading platform designed for automated monitoring of market trends, risk assessment, and precise trade execution. You might also like: Venture capitalist: blockchain is not ready for mainstream gaming While AI can make mistakes depending on the quality of training data, Immediate Edge rely on its team of industry experts and funding, which enabled a smooth launch. Still, traders exploring the platform must still exercise caution before investing. Analyzing Immediate Edge’s security Immediate Edge claims to provide higher average profits while prioritizing client privacy and regulatory compliance. How...

The Financial Conduct Authority (FCA) issued a final warning to companies promoting crypto assets to UK consumers. This warning letter detailed the agency’s previous outreach efforts and endeavors to assist crypto firms in complying with the rules. A bolded final warning The UK government has brought forward legislation that would bring certain crypto assets in scope of the financial promotion regime, according to a prior June 8 announcement. Under these rules, all firms marketing crypto assets to UK consumers, which includes overseas firms, must comply with these regulations from Oct. 8 onwards. However, the letter cited that the regulatory body is “concerned by the poor engagement from many unregistered, overseas crypto asset firms who have UK customers on this important change.” According to the FCA, only 24 out of 150 firms responded to a survey issued. You might also like: UK FCA unveils guidelines for crypto operators ahead of ‘Travel Rule’ enf...

CoinEx, which reportedly lost $70 million in crypto to North Korean hackers, plans to restore deposits and withdrawals for several tokens including Bitcoin (BTC) and Ether (ETH) on Sep. 21. The crypto exchange announced the reconstruction and deployment of a new wallet system set for Thursday, Sep. 21, 2023, at 8:00 UTC. Following the CoinEx hack, the team decided to generate new deposit addresses for BTC, ETH, USDT, USDC, TRX, LTC, BCH, DOGE, SHIB, and BNB. All users were advised to only deposit crypto into the new wallet addresses.  Please DO NOT use any old deposit addresses you may have saved – The old addresses will NO LONGER work and assets sent to them will be permanently lost. CoinEx’s announcement to users 1/ #CoinExResponseUpdate – We'll be resuming Deposit & Withdrawal services for $BTC, $ETH, $USDT, $USDC & other cryptos, starting on Sep 21, 2023 at 08:00 UTC. DO NOT use old addresses. Assets sent there will be lost. Details: htt...

When far-right libertarian candidate Javier Milei took a surprise lead in the race to become Argentina ’s next president in August, Crypto fans could have been forgiven for thinking that there was another political heavyweight on the scene poised to extol the virtues of digital currency. After all, he once dubbed the central bank “a scam,” and had, as reported by news outlet Rest of World, previously claimed that “Bitcoin represents money’s return to its original maker: the private sector.” He has also been vocal in his support for alleged crypto Ponzi CoinX. However, any excitement about his presumed pro-crypto stance may have been a little premature. Indeed, according to Rest of World, his plans may even depress crypto adoption . The issue, it claims, lies in his commitment not to cryptocurrency but to a policy of dollarization and its ramifications for crypto of replacing the Argentinian peso with the US dollar. Argentina’s leading presidential candidate sued for alleged c...