We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood, technological advancements are making it possible for anyone to access wealth-creation opportunities that were once the domain of the elite few. At the forefront of this transformation is the emergence of tokens, specifically those that represent real-world assets, such as stocks, bonds, real estate and others. By reimagining ownership and trading of assets, tokenization is unlocking doors to financial opportunities previously ..read more

Binance is considering re-entering the Indian market after paying a $2 million penalty to local authorities, according to a report from The Economic Times published today (Thursday). The cryptocurrency exchange was ousted from the country last January for failing to comply with local laws. India: A Lucrative Market for Crypto Exchanges The report emerged just a month after KuCoin, a Seychelles-based cryptocurrency exchange, announced its compliance with Indian regulations. Binance, KuCoin, and seven other global cryptocurrency exchanges were blocked by India’s Financial Intelligence Unit for v ..read more

BlockFills, the provider of digital asset trading technology and liquidity solutions, has announced a strategic integration with Centroid Solutions' institutional-grade connectivity platform, Centroid Bridge. This collaboration aims to provide brokers and institutional clients with a centralized environment for price management, execution, comprehensive reporting, and BlockFills' round-the-clock digital asset liquidity access. BlockFills Partners with Centroid Solutions to Enhance Digital Asset Trading The integration of BlockFills' liquidity offering with Centroid Bridge addresses the needs o ..read more

The cryptocurrency market surged in value from $1 trillion to $2.5 trillion from October 2023 to March 2024. This boost was driven by institutional interest and venture capital funding in the sector. Bybit and Treehouse Finance recently highlighted these findings in a report dubbed the "2024 Institutional Industry Report". The study covered derivatives, challenger chains, and the resurgence of venture capital. Optimism in the Derivatives Market According to the report, there is a positive sentiment in the derivatives market. Bitcoin (BTC) and Ethereum (ETH) exhibited a notable call premium des ..read more

The Bitcoin halving, an important event written into the cryptocurrency's code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given recent developments such as the approval of spot Bitcoin ETFs and improved crypto regulations. Understanding Bitcoin Halving The 2024 halving is expected to have ripple effects throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased cr ..read more

The recent introduction of Kraken Wallet has marked an advancement in cryptocurrency adoption. This self-custodial wallet is engineered to streamline on-chain transactions. Kraken Wallet emphasizes simplicity, security, and functionality, with the overarching goal of broadening accessibility to decentralized finance. Access to Decentralized Finance: Wallet's User-Centric Design Regardless of whether individuals are Kraken clients or not, the multichain Kraken Wallet serves as a conduit to the decentralized financial ecosystem. Emphasizing privacy and security, it enables users to maintain cust ..read more

The Financial Markets Authority (FMA) of New Zealand has been actively combating fraudulent activity and scams in the country's financial markets. In a series of recent actions, the regulator has taken steps to protect consumers and maintain market integrity, by cancelling one crowdfunding services license and issuing warning against a cryptocurrency company. FMA Cracks Down on Fraudulent Activity and Scams According to the Wednesday’s update, FMA cancelled the crowdfunding services licence of Equitise Pty Ltd, an equity crowdfunding service provider licensed since 2014. The cancellation came ..read more

Cryptocurrency exchanges are left with only nine months' worth of Bitcoin supply at current prices with only three days left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million bitcoins remaining and a daily inflow of $500 million to Bitcoin Spot ETFs, approximately 7,142 bitcoins will exit exchange reserves daily. Bitcoin's Supply Hits Unprecedented Scarcity The much-anticipated halving event, which reduces the supply of Bitcoins by 50%, is expected to make Bitcoin more scarce. Bybit highlighted the rapid rapid depletion of Bitcoin reserves across centralized ex ..read more

The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange. The Suspension of FTX’s EU License Announced today (Tuesday), the latest license suspension will last until 30 September 2024. The license of the EU unit of FTX was originally suspended in November 2022. Since then, the regulator has extended the suspension multiple times. The European entity of FTX initially gained approval from the Cyprus regulator last March and obtained full authorization a ..read more

Senators Elizabeth Warren and Chuck Grassley demand a full accounting of the interactions between the Commodity Futures Trading Commission's (CFTC) Chairman, Rostin Behnam, and Sam Bankman-Fried (SBF), the convicted founder of the now-defunct cryptocurrency exchange FTX. Commentators wonder if this will allow the public to discover what might have happened between the regulator and SBF just before the exchange's collapse. Senators Demand Answers from CFTC's Chair on Ties to Disgraced FTX's Founder In a letter sent to Behnam on Monday, the senators expressed concern about the nature of the rela ..read more