Designed for mass-consumer applications like games, SocialFi, DeFi, and metaverses, Somnia promises to shake things up in the blockchain world. Somnia's internal tests show jaw-dropping results—processing over 400,000 transactions per second (TPS) with sub-second finality.

The European Banking Authority has issued strict guidelines to enhance compliance among financial institutions and crypto service providers, mandating effective screening systems to ensure adherence to EU sanctions by December 30, 2025. The post EU Regulator Issues Strict Screening Guidelines for Crypto Providers appeared first on Cryptonews.

The crypto markets fell after Federal Reserve Chair Jerome Powell said on Thursday that the central bank is not "in a hurry" to cut interest rates.

Crypto literacy can't be just an attractive “gimmick” to hook users with—it has to be at the core of how companies engage with their audience.

Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his involvement in the 2016 Bitfinex crypto exchange hack and subsequent laundering of stolen funds.

The real-world asset (RWA) tokenization industry is projected to exceed $30 trillion by 2030, driven by nimble and mainstream financial institutions.

South Korea's Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues.

Consensys has launched sovs.xyz, a platform built on its Linea zkEVM rollup, enabling users to declare personal sovereignty and foster stronger.

South Korea's Financial Intelligence Unit (FIU) is reportedly investigating Upbit, one of the country's leading cryptocurrency exchanges, over a staggering 600,000 alleged Know Your Customer (KYC) violations. The probe arises as the exchange seeks to renew its business license, with potential implications for its operations.

As Trump gears up for another term, could his potential Treasury Secretary pick, Scott Bessent, finally bring a crypto-friendly approach to the highest levels of U.S.

BVNK is in preliminary talks to raise $50 million as stablecoin payments gain momentum, spurred by Stripe's recent acquisition in the sector.

Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers.

The Hong Kong Monetary said two overseas crypto firms have misrepresented themselves as banks but did not disclose their names.

South Korea's largest crypto trading platform faces scrutiny over KYC violations.

Hong Kong's central bank said that it's illegal for unlicensed companies to represent themselves as banks in Hong Kong.

Stablecoin startup BVNK has reportedly initiated private talks with investors to raise $50 million in a new funding round. The news follows Stripe's October announcement of the acquisition of the stablecoin startup Bridge.

South Korea's Financial Intelligence Unit (FIU), part of the Financial Services Commission (FSC), uncovered a staggering 500,000 to 600,000 suspected violations of Know Your Customer (KYC) requirements at Upbit, the country's largest cryptocurrency exchange.

The country's financial watchdog reportedly discovered that Upbit approved hundreds of thousands of accounts without proper ID verification.

Upbit, the leading South Korean crypto exchange, is under investigation for KYC violations during its license renewal process. The Financial Intelligence Unit (FIU) discovered over 500,000 cases of improper customer verification.

To show how this works, Base is teaming up with Zora to let users mint (or create) a short film by ResearchHub. ResearchHub is a platform that speeds up funding, research, and publishing in science.

American crypto ETFs have experienced their first outflow since Donald Trump's electoral victory, marking a pause in the bullish trend. Both Bitcoin and Ethereum saw significant declines, with net outflows of $400.7 million for Bitcoin ETFs and $3.2 million for Ethereum ETFs.

Binance, along with the Royal Malaysia Police, have successfully traced $1.6 million in kidnapping ransom paid for the release of a 59-year-old businessman. The prominent cryptocurrency exchange collaborated with Malaysian law enforcement to track a portion of the $4.

BitMEX announces scheduled system maintenance on November 16, resulting in temporary platform downtime from 02:00 to 07:00 UTC. Trading will resume post-maintenance.

A Bloomberg report reveals stablecoin payments provider BVNK is reportedly in early discussions to raise at least $50 million in a fresh funding round, highlighting growing investor interest in the digital payments sector. Sources familiar with the matter revealed the discussions remain preliminary, with the potential size and valuation of the raise still under negotiation.

Bitwise is driving more enhanced innovation in the crypto ecosystem with the plan to transition BITW product into the ETP-backed fund.

18 US states have filed a lawsuit against the SEC and its chair, Gary Gensler, accusing the agency of overstepping its authority.

BitMEX has introduced SWELLUSDT and APUUSDT perpetual swap contracts, offering users leverage up to 50x. Explore the trading opportunities now available on the platform.

Bitwise Asset Management is preparing to enhance its crypto product lineup by converting the Bitwise 10 Crypto Index Fund (BITW) into an exchange-traded fund (ETF), according to a Nov. 14 statement. Bitwise revealed that NYSE Arca has filed to uplist BITW as the first crypto index fund to achieve ETF status.

Decentralised Science is now one of the most sensational topics in the cryptocurrency world. DeSci is a movement to make science more open, fair and transparent. It aims to resolve various problems faced by the scientific community, including funding and data-sharing challenges.

Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU's restrictive measures regimes.

During his pro-crypto election campaign, Donald Trump had announced the resignation of the SEC Chairman Gary Gensler.

Representative Matt Gaetz of Florida is the latest name to get a post under Trump's second administration. He will serve as the next Attorney General.

Eighteen US state attorneys general have filed a lawsuit against US SEC Chair Gary Gensler while claiming the SEC's broader crackdown violates federalism principles.

Eighteen U.S. states have filed a federal lawsuit challenging the SEC's authority over cryptocurrency regulation, citing $426 million in industry costs and arguing for state regulatory rights.

BitMEX announces the listing of SWELLUSDT and APUUSDT perpetual swaps, offering traders up to 50x leverage starting November 15, 2024, according to BitMEX.

Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit's business license renewal.

Donald Trump's pick of Jay Clayton for U.S. Attorney brings back a regulatory heavyweight known for reshaping crypto rules at the SEC.

Chip behemoth Nvidia is reporting quarterly results and global PMI data is rolling in as markets continue to digest the fallout from Donald Trump's U.S. presidential election win, with bitcoin and the euro taking centre-stage.

Bitwise Asset Management announced that NYSE Arca has applied to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP).

The London-based stablecoin startup BVNK is exploring a new funding round, aiming to raise $50 million, as investor appetite for the sector grows.

The mastermind behind one of the most egregious cryptocurrency hacks, Ilya "Dutch" Lichtenstein, has been sentenced to five years in prison for his role in a 2016 hack.

The DeFi Education Fund has mounted a serious legal challenge against the U.S. Securities and Exchange Commission (SEC) in an effort to clip the agency's wings.

State attorneys general and the DeFi Education Fund filed a lawsuit challenging the SEC's authority to regulate cryptocurrency exchanges

Blockchain technology could redefine audiobook ownership, offering users real ownership through tokenization. Explore how GalaChain aims to transform the industry with decentralized solutions.

United States Securities and Exchange Commission Chair Gary Gensler has remained unwavering in his attitude against crypto assets.

Ghana and Singapore partner to use blockchain technology to facilitate the trading of carbon credits. Cementing Ghana's Position as Africa's Carbon Market Leader Ghana's Environmental Protection Agency (EPA) has entered into an agreement to add the country's Ghana Carbon Registry (GCR) to a blockchain-based Internationally Transferred Mitigation Outcomes (ITMO) network.

Asset manager Bitwise filed for a multi-crypto ETF comprising a basket of digital assets on Thursday, as the chorus grows for the resignation of SEC Chair Gary Gensler. The Bitwise 10 Crypto Index Fund (BITW) will comprise a basket of 10 digital assets, probably the largest by market cap.