Jai Sahu, Author at Coinroot

SafePal, a provider of crypto hardware wallets, has strategically invested in Swiss bank Fiat24, aiming to offer users a banking gateway for digital asset payments and compliant fund transfers. This collaboration aims to expedite the integration of cryptocurrency into everyday transactions. Users can create individual, fully compliant bank accounts and utilize the USD Coin (USDC) […]

The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into a cryptocurrency scam by filing a charge sheet against 299 entities, including individuals of Chinese origin, under the anti-money laundering law. Exposing the Cryptocurrency Fraud Scheme This charge sheet follows allegations of investor deception related to cryptocurrency mining, including Bitcoin. The […]

The US branch of Binance collapsed after facing charges from the SEC for breaking securities laws, stated by the company’s COO, Christopher Blodgett. In a deposition revealed on December 15, Blodgett mentioned that the lawsuit from the SEC dealt a critical hit to the branch, forcing it to terminate over 200 employees since June, which […]

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The Financial Supervisory Commission (FSC) of Taiwan aims to propose updated digital asset regulations in September 2024. Huang Tien-mu, FSC chairman, stated the draft bill aims to enhance regulations for digital asset markets and ensure investor safety, according to a March 4 report by UDN. Taiwan Plans New Digital Asset Regulations In October, Taiwanese legislators […]

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Today, the Hong Kong Securities and Futures Commission (SFC) released a cautionary notice, advising investors to stay alert to fake websites pretending to be real virtual asset trading platforms. It highlighted two main culprits: HSKEX, which is falsely claiming to be Hash Blockchain Limited with urls – www.hskexpro.com, www.hskex.com, www.hskexs.com, and www.hskexit.com. Another set, www.oslexu.com […]

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The Nigerian government has imposed a substantial fine of $10 billion on Binance as part of its efforts to stabilize the country’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, disclosed this fine in an interview with the BBC, as reported by Premium Times on Friday. According to Onanuga, […]

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Uniswap has introduced new features, including a browser wallet extension, limit orders, and insights pages, to make crypto transactions easier. The Uniswap team has crafted three new tools to speed up transaction processes. These tools are a sidebar wallet extension for browsers, a system for placing orders, and a page that provides comprehensive data and […]

International brokerage company OANDA is now officially launching its crypto trading services in the UK. Situated in London, OANDA Crypto is registered with the FCA, a status achieved through the acquisition of Coinpass last year. The American forex leader, OANDA, is introducing a crypto trading platform in the UK, secured under the regulation of the […]

KEY POINTS: Coinbase is pushing for the SEC to green-light Grayscale’s Ethereum ETF proposal. It outlines Grayscale’s legal, technical, and economic arguments for approval. Paul Grewal highlights Coinbase’s backing due to Ethereum being classified as a commodity. Coinbase has taken a significant step in the ETF arena by advocating for the SEC’s approval of Grayscale’s […]

Kraken, a leading cryptocurrency exchange, has filed a request to dismiss the lawsuit brought by the Securities and Exchange Commission (SEC), arguing that allowing the case to proceed would establish a “dangerous precedent.” Kraken has submitted a motion to the court seeking the dismissal of the SEC’s lawsuit filed in November. The SEC claimed in […]

Author: Jai Sahu

SafePal Partners with Swiss Bank to Bring Banking Services to Crypto Wallet Users

India’s ED Takes Action Against Cryptocurrency Scam, Files Charge Sheet Against 299 Groups

SEC Lawsuit Hits Binance.US: Staff Cut by Two-Thirds, Revenue Drops 75%

Taiwan’s FSC Plans Digital Currency Regulations by September 2024

Hong Kong’s Financial Regulator Alerts About Fake Crypto Trading Sites

Nigerian Government Imposes $10 Billion Fine on Binance

Uniswap Reveals New Tools for Simplified Crypto Transactions

OANDA Launches Crypto Trading Service Registered with the FCA in the UK

Coinbase Encourages SEC Approval for Grayscale Ethereum ETF

Kraken Wants to Drop SEC Lawsuit, Saying It Sets a ‘‘Dangerous Precedent’

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.