September 2024

In an announcement on September 30, 2024, Taiwan’s Financial Supervisory Commission (FSC) greenlit foreign crypto exchange-traded funds (ETF) for professional investors. Foreign Digital Assets ETFs Approved For Professional Investors According to the announcement, Taiwan’s FSC permits institutional investors to invest in foreign digital asset ETFs through a re-entrustment process. The announcement notes: Professional investors include […]

Japan to Review Crypto Regulations, Eyeing Lower Taxes and Fund Investment in Tokens In a significant move that could reshape the landscape of cryptocurrency in Japan, the country’s Financial Services Agency (FSA) is set to review its existing cryptocurrency regulations, potentially lowering tax rates on digital assets and allowing funds to invest in tokens, according […]

Ethereal Exchange integration proposal sparked a 20% surge in ENA price. The proposal suggests that 15% of future Ethereal governance tokens be allocated to ENA holders. ENA price has dropped to $0.384 after hitting a high of $0.42 amid high trading volume. The recent proposal to integrate Ethereal Exchange with the Ethena Network has stirred […]

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NFT Sales Plummet 20% in September Amid Regulatory Scrutiny September proved to be another tough month for the NFT market, with sales dropping by 20% compared to the previous month, according to CryptoSlam data cited by Cointelegraph. Total monthly sales dipped to $296 million, down from $373 million in August. This decline extends the downturn […]

Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors. While the Metaverse, gaming, and NFT activities have since dissipated, DeFi stands, looking at the steady recovery in total value locked (TVL), according to DeFiLlama. DeFi Leads […]

Kasikornbank is set to launch orbix Custodian, Thailand’s first licensed digital asset custodian. Operations for orbix Custodian are set to begin in early 2025 after licensing. KBank also focuses on AI development through its partnership on Project SEALD. Thailand’s second-largest bank by assets, Kasikornbank (KBank), is set to launch orbix Custodian, the country’s inaugural licensed […]

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The need for accessible development tools in blockchain has never been greater than now. Developers without a deep understanding of blockchain protocols and programming languages have had a hard time engaging in the creation of decentralised apps (dApps). Due to its intricacy, blockchain solutions have become less accessible, stalling innovation. Recognising this obstacle, Qubetics’ application, […]

Binance Kazakhstan has secured a full DATF license from AFSA for digital assets The license allows trading, brokerage, and custody services in Central Asia The crypto exchange underwent rigorous audits and ISO certifications to ensure compliance with regulatory standards In a significant regulatory development, Binance Kazakhstan has successfully obtained a full Digital Asset Trading Facility […]

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In recent weeks, Bitcoin price has experienced significant volatility, culminating in a notable drop below the $64,000 mark after a bullish attempt that saw it surge above $66k. Notably, this decline, which has seen Bitcoin’s price tumble by over 3% in just 24 hours, can be attributed to a combination of factors, including a “long […]

Crypto liquidations rose to over $200 million in 24 hours as Bitcoin (ETH) and Ethereum (ETH) dipped. Analysts are however bullish on BTC price as September looks poised to end on a green note. The crypto market saw over $200 million in crypto liquidations as Bitcoin slipped to near $64k amid fresh bear moves. According […]

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