Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to perform broker-dealer services legally in the emirate. Digital asset investment platform Fasset was granted an operational license on Nov. 29, according to a listing on the Dubai Virtual Asset Regulatory Authority (VARA) website. The Virtual Asset Service...Continue Reading

Galaxy Digital CEO Mike Novogratz believes Binance has satisfied regulators and users after its $4.3 billion settlement with United States authorities. Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz. In an...Continue Reading

Replace-by-fee (RBF) is a feature in Bitcoin that allows users to replace an unconfirmed transaction with a higher fee to expedite confirmation. What is the replace-by-fee (RBF) policy? The Bitcoin network’s replace-by-fee (RBF) policy enables users to replace pending (unconfirmed) transactions with new ones with higher transaction costs.  The RBF policy was proposed in BIP...Continue Reading

Robinhood CEO Vladimir Tenev said in an interview with Bloomberg that the company is still focused on its global aspirations, and its U.K. expansion is one step toward that. In another attempt to expand its business internationally, online trading platform Robinhood has announced plans to launch its stock exchange application in the United Kingdom.  In...Continue Reading

The CEO and co-founder of neobank Canza Finance claims that utilizing Baki for foreign exchange trades in Africa creates a hub for African businesses to participate in intra-African and FX trades at a reduced cost. Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of United States...Continue Reading

The “Proposed Scams Code Framework” consultation paper aims to delegate clear roles and responsibilities to government and private entities when combatting scams. A consultation paper on a new framework for addressing consumer and business scams proposed by Australia’s Department of the Treasury considers applying sector-specific codes and standards to banking and cryptocurrency scams, among others....Continue Reading

People who were aware of CBDCs were more reluctant to adopt the technology when compared to those who didn’t know about it. A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption. Through the ‘digital Canadian...Continue Reading

The billionaire X (Twitter) owner lashed out at advertisers who are ditching the platform due to his controversial posts. Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times. Speaking at the 2023 DealBook Summit in New...Continue Reading

Sam Altman addressed his employees in a company memo on Nov. 29, marking his official return to the top leadership position at OpenAI. Sam Altman, one of the founders of OpenAI, has officially returned to office as the firm’s CEO, ending a whirlwind few weeks caused by his abrupt and unexpected temporary departure.  Addressing OpenAI...Continue Reading

Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC. Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse...Continue Reading