Global

In a significant legal development, Binance, one of the world’s leading cryptocurrency exchanges, has agreed to pay $1.76 million to the Brazilian Securities and Exchange Commission (CMV) to settle allegations of illegal derivatives trading.

In a notable shift towards digital assets, central banks are increasingly investing in companies with significant cryptocurrency exposure. This trend is exemplified by recent moves from the Norwegian Central Bank, known as Norges Bank, and the Swiss National Bank (SNB)

As the global cryptocurrency market continues its rapid expansion, a notable trend is emerging: the increasing demand for stable digital assets. Among these, tokenized versions of traditional financial instruments, such as US Treasurys, are capturing significant interest.

In a concerning revelation, Australia's competition watchdog, the Australian Competition and Consumer Commission (ACCC), has found that over 58% of cryptocurrency advertisements on Facebook either violate Meta’s policies or potentially promote scams.

On August 14, 2024, Crypto.com, a prominent Singapore-based cryptocurrency exchange, made headlines with its announcement of a groundbreaking partnership with the UEFA Champions League.

Bitcoin miners are showcasing renewed confidence in the cryptocurrency market despite recent challenges. Marathon Digital, a leading Bitcoin mining firm, has significantly increased its Bitcoin reserves, and the network's hashrate has soared to an all-time high.