OKX SG, a crypto exchange based in Singapore, recently announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore because it allows businesses to operate without daily or monthly transaction limits. To qualify for the license, companies must meet certain
The recent arrest of a London resident for operating a Bitcoin ATM without proper registration has raised concerns about the risks associated with unregulated cryptocurrency transactions in the UK. This unprecedented case sheds light on the potential consequences of disregarding regulatory requirements in the crypto sector. Habibur Rahman, 37, was arrested following a raid at
The payments industry has witnessed significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. However, a critical issue plagues the sector – it still relies on outdated technology rails that become increasingly inefficient over time. According to a report from Binance Research, blockchains, distributed ledger technology (DLT), and
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism, known for his expertise in writing and content creation. With a focus on blockchains and digital assets, Semilore has made significant contributions to the field through his insightful analysis and informative articles. His dedication to demystifying the complexities of cryptocurrency and advocating for
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed a thought-provoking question to his vast following on social media. He asked whether Bitcoin, the renowned cryptocurrency, would ever need a bailout. The responses he received shed light on the unwavering reliability of Bitcoin over the past 15 years. One follower highlighted the
Opeyemi is a dedicated individual with a passion for the cryptocurrency industry. Despite not initially considering this field, he has wholeheartedly embraced it for over two years. His commitment to unraveling the complexities of blockchain technology and sharing insights on cryptocurrency trends is truly admirable. The Crypto Passion Opeyemi’s fascination with the crypto market is
The recent Wells notice issued by the U.S. SEC to OpenSea has brought to light the potential issues surrounding digital-asset regulation. The SEC alleges that some NFTs traded on the platform could be considered unregistered securities, which raises questions about the legality of OpenSea itself. This move by the SEC is part of their broader
Crypto.com, a Singapore-based cryptocurrency exchange, has recently announced a partnership with Standard Chartered, a multinational banking institution. This collaboration aims to offer retail users worldwide access to fiat services, specifically enabling deposits and withdrawals in the United States dollar (USD), euro (EUR), and the United Arab Emirates Dirham (AED) through the Crypto.com app. Initially, these
Ryan Salame, a former FTX executive, has decided to withdraw his petition to dismiss an indictment against Michelle Bond, just days before a critical court hearing. This decision comes after Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, is accused of conspiring with Salame
The mobile game NFL Rivals, in collaboration with the National Football League (NFL) and the NFL Players Association, has embarked on a groundbreaking partnership with the Kansas City Chiefs, the reigning champions of Super Bowl LVIII. This exciting venture marks a new chapter for NFL Rivals as it becomes the “Official Mobile Game of the
