The Financial Action Task Force, or FATF, reported that many countries, including those with virtual asset service providers (VASPs), are not in compliance with its standards on Combating the Financing of Terrorism (CFT) and Anti-Money Laundering (AML). In a report released Tuesday on the “State of Effectiveness and Compliance with the FATF Standards,” the organization said 52% of the assessed […]

Bitcoin climbed back above $40,000 last night, as it formed a bullish divergence on the 4-hour time frame, whilst exiting the oversold region. This is a bullish set up and has a high percentage outcome of leading to a significant bounce. In addition, Bitcoin closed the day yesterday inside the channel that has lasted around 100 days, after trading below […]

Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu. Robinhood officially announced Tuesday that it had signed a deal to acquire Ziglu, subject to regulatory approvals and other closing conditions. The firm declined to disclose the size of the deal to Cointelegraph. “Subject to regulatory approval, in the near […]

In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The feedback section will be open until June 14. Besides the open-ended comments section on the website, there is a targeted consultation questionnaire that aims […]

Grayscale Investments’ CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is ‘a Matter of When and Not If’ The U.S. Securities and Exchange Commission (SEC) has now approved not one but two different structures of bitcoin futures […]

FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle fragmented liquidity in virtual asset markets, today announced that it will partner with Polygon as its primary DeFi chain. Due to its minimal transaction costs and speed, Polygon, the leading platform for Ethereum scaling and infrastructure development, is an excellent chain for FLUID’s decentralized solution. Polygon is […]

Indian Finance Minister Nirmala Sitharaman in her address to the International Monetary Fund called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities. Sithraman’s comments came during the “Money at a Crossroad” panel discussion of the International Monetary Fund (IMF), and the World Bank in Washington on Monday. The panel discussion also […]

NFT investment giant Animoca Brands has acquired a major stake in Australian digital marketing agency Be Media. Be Media has locations in Perth, Melbourne, and Sydney and has provided Web2 firms with advertising and digital strategy since 2013. While the company isn’t geared up towards the crypto sector, the investment seems to be a part of Animoca’s immediate aim to […]