The leading crypto exchange by trading volume has launched a payment provider to help out with fiat-to-crypto transfers. #Binance is proud to launch @bifinity, a payments tech company powered by #Binance, which will serve as its official fiat-to-crypto payments provider. Bifinity will partner with @eqonex, @PlugIntoPaysafe and @Checkout in an effort to build the Web […]

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The European Union will vote on passing a key cryptocurrency law next week, with a widely-criticized ban on proof-of-work tokens to no longer be considered. Member of Parliament Stefan Berger tweeted  that the Economic and Monetary Affairs Committee (ECON) will vote on the bill on March 14. The proposal, called Markets in Crypto Assets, or

The post EU Drops Proof-of-Work Ban, To Vote On MiCA Crypto Law Next Week appeared first on CoinGape.

Binance’s launch of fiat-to-crypto payments provider Bifinity on Monday, March 7, has met with immediate resistance from U.K’s top regulatory body – Financial Conduct Authority (FCA). With Monday’s launch, Binance confirmed that its newly launched Bifinity service will advance a $36 million convertible loan to Eqonex. This gives Bifinity some specific contractual rights over Eqonex.

The post U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity appeared first on CoinGape.

The Russian invasion of Ukraine has brought many problems for the whole world. The US, UK, EU, and other countries have applied measures to curb the Russian economy. After damaging the traditional markets, the Union of different countries is now aiming with sanctions at the Cryptocurrency and NFT markets in Russia. In this bid, Japan’s

The post Russia-Ukraine Conflict: Japan Preparing To Fill Potential Crypto Loopholes In Russia Sanctions appeared first on CoinGape.

Virginia’s Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to

The post Breaking: U.S. State Virginia Will Allow Banks To Offer Crypto Custody Services appeared first on CoinGape.

Lawmakers and regulators on both sides of the Atlantic discuss how to enforce financial sanctions against Russia in the age of decentralized currencies. Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets. https://t.co/4lCUNcUC29 […]

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The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to be found. The SEC is searching for BitConnect’s indicted founder In a recent court filing, SEC attorney Richard Primoff stated that Kumbhani has

The post ‪BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme appeared first on CoinGape.

Israeli authorities have seized 30 exchange-held crypto wallets that allegedly belong to a Hamas military wing. Crypto exchange declared a terror organization As reported in an article by The Times of Israel, the wallets belonged to a total of 12 accounts on an exchange called al-Mutahadun, which is based in the Gaza Strip. The Hamas […]

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The number of countries supporting Russia’s removal from the SWIFT payments system grew on Saturday, as the Ukraine invasion rages on. Focus now turns to whether Moscow will adopt digital assets to bypass crippling economic sanctions. Growing calls for Russia’s removal from SWIFT In a series of tweets, high-ranking Ukrainian officials said several countries, including

The post All Eyes On Russia’s Crypto Shift As West Considers SWIFT Sanctions appeared first on CoinGape.

The Ontario Securities Commission has reported Kraken CEO Jesse Powell and Coinbase CEO Brian Armstrong to law enforcement agencies for voicing their opposition against the Canadian government’s Emergencies Act.  Powell and Armstrong under investigation In response to the Freedom Convoy protests, Canadian Prime Minister Justin Trudeau invoked the Emergencies Act for the first time since […]

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For the first time in history, a sovereign nation has recognized Decentralized Autonomous Organizations as legal entities.  “A unique moment” in the blockchain revolution The Marshall Islands are an archipelago in the North Pacific hosting roughly 60,000 inhabitants. They are no stranger to crypto, though. In March 2020, they partnered with Alogrand for the launch […]

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Crypto miners and stakers will not be subject to the IRS reporting rules in the US, given that they comply with applicable regulations.  Earlier, the rules mandated crypto brokers to share data regarding their clients’ digital asset transactions with the IRS. Whether this applies to other market participants as well has been in a gray […]

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