Ethereum Advisor Steven Nerayoff sues Covington & Burling for $100 M

Steven Nerayoff has sued Covington & Burling, a law firm, for mishandling his defense. This dates back to…

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Tokocrypto Bags PFAK with Binance Boost, Gaining Ground in Indonesias Crypto Arena

Tokocrypto, a member of the Binance group, has been grantedthe Physical Crypto Asset Trader (PFAK) license by Indonesias CommodityFutures Trading Regulatory Agency (Bappebti).

In 2024, Tokocryptos user base has expanded to over 4.5million, and the platform has reported a 138% increase in its monthly averagetrading volume.

Gaining Full Authorization

The PFAK license is an important step for Tokocrypto. Thefirm initially registered as a Prospective Physical Crypto Asset Trader (CPFAK)in 2019. The recent licensing allows Tokocrypto to operate as a fullyauthorized physical crypto asset trader in Indonesia.

Richard Teng, CEO of Binance, acknowledged Tokocryptosachievement, noting Binances support in strengthening Indonesias Web3ecosystem. Teng highlighted Binances commitment to creating a transparent andsecure trading environment in the region.

BINANCE INDONESIA SUBSIDIARY TOKOCRYPTO SECURES PHYSICAL CRYPTO ASSET DEALER LICENSE IN THE COUNTRY ENABLING TOKOCRYPTO TO ENGAGE IN PHYSICAL CRYPTO ASSET TRADING pic.twitter.com/rOHXfBPbpp

Meanwhile, BinancesKazakhstan unit has received formal approval from the Astana FinancialServices Authority (AFSA) for a full regulatory license, as reported by Finance Magnates.

This license will allow Binance Kazakhstan to provide cryptotrading, deal investments as a principal, and offer crypto custody services.This development follows the exchanges acquisition of ISO 27001 and ISO 27701certifications for its Kazakhstani platforms five months ago.

Growth Accelerates with PFAK

Yudhono Rawis, CEO of Tokocrypto, emphasized the importanceof the PFAK license in achieving Tokocryptos goal of becoming Indonesiasleading crypto-asset trading platform. Rawis expressed satisfaction withTokocrypto being the third exchange to obtain the license and creditedBinances ongoing support as a factor in Tokocryptos growth and marketleadership.

According to the firm, Tokocryptos growth in 2024,characterized by its expanding user base and increased trading volume, isexpected to be further bolstered by the PFAK license. This development islikely to enhance the platforms position and influence in Indonesias cryptosector.

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State regulators secure full refunds for investors in $1 billion settlement with GSB Group

The Texas State Securities Board has reached a $1 billion settlement with GSB Gold Standard Corporation AG and affiliated entities, known as GSB Group, over its alleged illegal crypto offerings, according to a Sept. 9 press release. The settlement, spanning multiple states, guarantees full refunds regardless of the products or services purchased, including digital assets […]

The post State regulators secure full refunds for investors in $1 billion settlement with GSB Group appeared first on CryptoSlate.

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FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023

The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found.

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Japan's Largest Power Company TEPCO is Mining Bitcoin Using Renewables

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Analysts Predict Biggest And Craziest Bull Run Yet As Bitcoin Struggles To Stay Above $55K

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Boost Your Crypto Winnings in Online Gambling: Top Tips & Strategies

The world of online gambling is undergoing a seismic shift, and cryptocurrencies are at the forefront of this change

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Starknet minting vote will be gasless with new governance protocol

Snapshot X enables gasless onchain voting for DAOs using Starknet technology, advancing governance with lower costs and enhanced security.

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Exploring Bitcoin DeFi: Opportunities and Innovations

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Earn Passive Income with OkayCoins Secure and Easy-to-Use Staking Platform

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WuffiTap Releases an Exciting New Mini-Game, Moon Sprint, and Counts Down To the Season 1 Finale

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Is Bitcoin ($BTC) finding the bottom?

Macro indicators are suggesting that Bitcoin ($BTC) is either close to, or has found the bottom for this long correction, as it approaches six months of sideways and downwards price action.

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Arthur Hayes Closes Bitcoin Short, Predicts Market Support From Janet Yellen Could Drive BTC Higher

Former BitMEX CEO Arthur Hayes closed his Bitcoin short position and predicted that US Treasury Secretary Janet Yellen will print more money to support markets, [...]

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Unisat-backed Bitcoin scaling solution Fractal Bitcoin launches mainnet

Fractal Bitcoin launches mainnet, leverages Bitcoin Core code for enhanced scaling. The network offers sub-30-second block confirmations and a 20x capacity increase. The network’s native token, FB, supports proof-of-work mining, with half pre-mined for allocations. Fractal Bitcoin, a groundbreaking Bitcoin scaling solution, has officially launched its mainnet, ushering in a new era for Bitcoin scalability. […]

The post Unisat-backed Bitcoin scaling solution Fractal Bitcoin launches mainnet appeared first on CoinJournal.

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Breaking Gold stock News: Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) Increases Claim Holdings at the Dixie Comstock Project, Nevada

VANCOUVER, BC - September 9, 2024 (Investorideas.com Newswire) Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) is pleased to announce the staking of 16 unpatented mining claims at its Dixie Comstock project bringing the total number of claims to 44, covering 725 acres (293.5 hectares).

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Explore How to Turn Your Current Investment Into a Brand New Car by 2025

Learn strategic ways to grow your current investment and translate it into a brand new car by 2025. This article offers insights and tactics for smart financial planning and asset management to achieve your automotive dream.

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Nigerias SEC to crack down on unregulated crypto exchanges

Nigerias SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.

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Bitcoin SOPR dips below 1.0, mirroring bear market signals from 2018 and 2019

Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) by the value at creation (USD) of a spent output. Or simply: price sold / price paid.  Bitcoin’s 7-day moving average SOPR has fallen below 1.0, suggesting that a majority of spent outputs are being sold at […]

The post Bitcoin SOPR dips below 1.0, mirroring bear market signals from 2018 and 2019 appeared first on CryptoSlate.

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Binances Tokocrypto Secures PFAK License in Indonesia

Tokocrypto, a subsidiary of Binance, has officially secured a Physical Crypto Asset Dealer License (PFAK) from Indonesia’s Commodity Futures Trading Regulatory Authority (Bappebti). This is a milestone that can’t be ignored for the exchange as it became the third one to get such a status in the country. As per the latest report, Tokocrypto, which […]

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Bitcoin traders celebrate good news as BTC price trades above $57K

Bitcoins weekly close above a key support level is good news, according to traders, and the days rally to $57,500 could be a sign that the bottom is in.

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