US sanctions Russian crypto platforms for money laundering ties

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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South Korean foundation to recover funds from defunct crypto exchanges

The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.

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Upbit to store user data on AWS: What users should know

Upbits privacy policy update involves transferring user data to AWS servers in the US for improved service reliability and compliance with local regulations.

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Gary Genslers Crypto Warning: 90 Years of Rules Apply

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), issued a stern warning to crypto exchanges. He emphasized that they must follow the rules set in place. His comments came during an interview with CNBC on Wednesday, where Gensler made clear that protecting the public from bad actors remains a top priority. This […]

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Canadian crypto exchanges face deadline for CIRO membership

Crypto traders have been on interim rules since March 2021, and its time to finalize membership in the securities industry's self-regulatory organization.

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Hong Kong’s first licensed crypto exchange HashKey is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong. Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform […]

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Hong Kong targets noncompliant crypto exchanges in licensing push

Hong Kongs SFC finds deficiencies in some deemed-to-be-licensed crypto exchanges, risking their licensing status amid tightened regulations.

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Binance vs. Nigeria: A timeline of events

As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.

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Crypto exchanges subject to EU Travel Rule in 6 months

New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30.

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German govt transfers $172M in Bitcoin to multiple locations

The German governments latest Bitcoin transfers could impact the market significantly, as it moves 3,000 BTC to various crypto exchanges and an unknown wallet.

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Binance Leads But Faces Competition: 2024 Centralized Crypto Exchange Market Share Report

Binance retains the top spot with 46.6% market share, while Bybit and Gate show significant growth. Upbit experiences the largest drop. (Read More)

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Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10?

Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoins Performance? From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was proposed for faster transactions, cheaper fees, and the project’s needs to achieve more ambitious goals with more on-chain data and transactions. The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024. This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio. On Monday, the RNDR delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week. Moreover, Whales seemingly contributed to the impact of the tokens price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range. The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery. AI Token Skyrockets 17% Following Binance Listing The newly rebranded crypto AI token surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert. Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR. Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, the RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights. Crypto analyst Coinboss considers that the token could do a flipperino if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDRs all-time high (ATH) of $13.53. Another pseudonym crypto analyst believes RENDER could reach $10 soon, stating, Thanks for the fud. See you above $10. Some users also consider that investors will regret not getting the greatest buying opportunity. Related Reading: Solanas Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day. Featured Image from Unsplash.com, Chart from TradingView.com

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BitFlyer Acquires FTX Japan, Sets Sights on Launching Crypto ETFs

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South Korea's strict laws on crypto exchanges come into force

The new regulations issued by South Koreas watchdog to protect user assets on crypto exchanges went into effect on July 19.

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EU MiCA stablecoin regulations come into effect: Law Decoded

Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets.

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Mesh and Conio Launch Europe's First Bitcoin Open Banking Solution

Mesh, a US-based fintech company specializing inintegrations with over 300 leading exchanges and wallets, and Conio, theItalian fintech backed by Poste Italiane and Banca Generali, announced thelaunch of Europes first Open Banking solution for Bitcoin.

Open Banking for Bitcoin

This integration, hosted on Conios platform, offersstreamlined access to the entire crypto ecosystem for its 430,000+ customers inItaly. Users can now seamlessly link their Bitcoin wallets with prominentdigital asset exchange platforms.

The collaboration leverages Mesh's capabilities to directlyconnect Conio's app with ten major platforms, including Binance, Coinbase, andKraken, with more to follow in the coming weeks. This integration aims tosimplify account management across multiple platforms within the Conio App,setting a precedent for Open Banking in the Bitcoin and digital assets sphere.

Key objectives of the project include enhancing the Bitcointransfer process by eliminating common friction points such as QR code usageand complex address handling. This approach aims to mitigate risks associatedwith incorrect transfers and enhance user security through Conio's robustcustody solutions, utilizing a three-private-keys system.

This collaboration with Mesh is a crucialstep towards consolidating an integrated ecosystem that simplifies the use ofsecure custody solutions like Conios. We are excited to offer our users aunique platform for managing their assets, combining security, simplicity, anddirect access to leading exchange platforms, said Christian Miccoli, CEO andfounder of Conio.

Breaking: Conio, the Italian fintech in collaboration with Mesh, a US-based fintech company, has launched Europe's first open banking solution tailored for #Bitcoin.Users can now effortlessly connect their #BTC wallets to leading digital asset exchange platforms.#Crypto

Rising Digital Asset Adoption

Industry research underscores the growing adoption ofdigital assets across Europe. In Italy, where 19% of respondents have purchasedcryptocurrencies according to Adan and KPMG's survey, and similar trends areobserved across Germany, France, the UK, and the Netherlands, highlighting theincreasing importance of secure digital asset management solutions.

Open banking is Europes next major catalyst for digitalasset adoption, and with our partnership with Conio, we are deploying theinfrastructure to make safe and seamless aggregation and crypto transferspossible for hundreds of thousands of users in the region," explained BamAzizi, Founder and CEO of Mesh.

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UK tribunal starts hearing $9B BSV delisting case

According to plaintiffs, the six exchanges, which delisted Bitcoin SV in 2019, owe BSV holders $9 billion for missed opportunities.

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SFC Issues New Crypto Regulations: 2 Platforms Licensed, 17 Await Approval

Hong Kong's Securities and Futures Commission (SFC) hasintroduced new regulations for virtual asset trading platforms (VATPs), whichbecame effective on June 1. Under these regulations, VATPs operating in ormarketing to Hong Kong investors must be licensed by the SFC or qualify as"deemed-to-be-licensed VATP applicants." The aim of these regulationsis to enhance investor protection and market integrity.

Implementing Crypto Regulations

The new rules require comprehensive applications thatinclude management experience, industry qualifications, and externalattestations. They also set specific criteria for token admission, anti-moneylaundering requirements, and prohibitions on proprietary trading.Platforms must also have adequate insurance or compensation arrangements tocover custodial risks.

As of the June 1 deadline, only two VATPs have been licensedby the SFC: OSL Digital Securities Ltd. and Hash Blockchain Ltd. The SFC has published a list of 17 pending applicants forVATP licenses.

The regulator emphasizes that these applicants are not yetlicensed and may not meet regulatory standards. Investors are advised to verifylicenses and exercise caution with unlicensed or provisionally licensedplatforms, which could be shut down if not approved.

Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take EffectHong Kongs Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect

Pending Crypto License Applications

The pending applicants for VATP licenses include Hong KongBGE Ltd., Hong Kong Digital Asset EX Ltd., and Hong Kong Virtual Asset ExchangeLtd. Other companies on the list are Victory Fintech Company Ltd., Panthertrade Ltd., and Accumulus GBA Technology Co. Ltd.

Additional applicants are DFX Labs Company Ltd., NewbxLimited, and Thousand Whales Technology Ltd. Highblock Ltd., YAX Ltd., and Bullish Ltd. are also seeking licenses.

Further, Foris DAX HK Ltd., Whalefin Markets Ltd., andFlying Hippo Technologies Ltd. are on the list. Finally, hi5 Ltd.and Bitcoin World Technology Ltd. round out the group of pending applicants.

The SFCstresses that operating a VATP without a license is a criminal offense. It hascommitted to taking appropriate actions against any legal breaches. In responseto the new regulatory framework, several crypto exchanges, includingOKX and Gate.hk, have announced that they will cease operations in HongKong.

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Hong Kong Lists 11 Crypto Exchanges as Prospective for Licensing

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The Worlds First International Crypto Trading Cup Goes Live

The International Crypto Trading Cup (ICTC-2025) has officially kicked off marking the debut of the worlds very first global crypto trading competition conducted live, right on stage.For the next two days, from May 9 to May 10, audiences across the globe will experience an unprecedented spectacle: two intense 6-hour crypto futures trading sessions, broadcast live with complete transparency. Expect expert analysis, real-time strategy discussions, market commentary, and professional insights, bringing crypto trading closer to viewers than ever before.Why you shouldnt miss ICTC-2025A worldwide milestone: Watch top traders from different corners of the world battle it out live on a single stage.Shaping the industrys future: More than just a competition, this event sets a new benchmark for combining crypto trading with education and entertainment.An engaging experience: Part competition, part interactive workshop viewers can learn trading tactics, explore new strategies, and compare approaches alongside seasoned professionals.Interactive by design: Watch every move live, vote for your favorite traders, and even join the competition yourself.How to get involved?Besides tuning in to the live event, there are multiple ways to participate in the action.Thinking of competing?You can join the tournament either solo or as part of a team. Simply visit the official competition page and choose Compete Solo or Choose Squad. If youre already a registered user on the exchange, all you need to do is confirm your subaccount creation and connect it to your TradingView account.Competitors will trade from 13:00 to 19:00 UTC on May 9 and May 10, utilizing WhiteBIT futures pairs directly through the TradingView platform.Prefer watching with a chance to win?Not trading? You can still participate by voting in several exciting award categories. If your picks closely match the actual outcomes, youll earn a share of the 6,500 USDT prize pool spread across five categories.To unlock voting access, just complete a few simple steps like signing up on the exchange or passing KYC to start collecting points.Whether you're a crypto veteran, a trading beginner, or simply curious about digital finance, this is an event you wont want to miss.Powered by Industry GiantsICTC-2025 is backed by a powerhouse lineup of industry leaders driving innovation. TradingView takes the role of official technology partner, while Tether steps in as title sponsor and prize pool contributor.Adding more firepower to the championship, XTraveler, Anda Seat, and Renty.ae join as official partners and prize sponsors. XTraveler serves as the official travel partner. Anda Seat ensures traders compete in comfort with their top-tier gaming chairs on stage. Meanwhile, Renty.ae elevates the prize offerings with an exclusive 52-foot yacht experience.About WhiteBITWhiteBIT stands as Europes largest cryptocurrency exchange by trading volume, featuring over 780 trading pairs, 330+ digital assets, and supporting 9 fiat currencies. Established in 2018, it operates under WhiteBIT Group, catering to more than 35 million users worldwide. The platform collaborates with major brands including Visa, FACEIT, FC Barcelona, Trabzonspor, and the Ukrainian national football team, all while advancing global blockchain adoption.This announcement reflects the operations of all WhiteBIT Group entities globally, not limited to its activities in Europe.

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