Kraken’s Australian branch, Bit Trade, has found itself in hot water after being slapped with $5.1 million fine for breaching financial laws.
Hong Kong will approve crypto licenses faster
Hong Kong is stepping up its game in the crypto world by speeding up the licensing process for crypto trading platforms.
Vancouver council takes a step toward Bitcoin
The city council has voted to explore the use of Bitcoin in its financial strategy, signaling a move toward becoming more Bitcoin-friendly.
UK firms have to report their crypto holdings
The UK’s central bank has asked local businesses to disclose their current and future exposure to cryptocurrencies by next March.
Binance sees $24 billion of inflows in 2024, the biggest in the sector
The crypto exchange has racked up over $24 billion in inflows from user deposits so far this year, thanks to a booming interest in crypto assets.
Solana surpasses Ethereum as devs’ favorite ecosystem
Solana just dethroned Ethereum as the top choice for new developers this year, ending Ethereum’s eight-year reign. Ethereum still leads globally in total developer activity.
