Author
571 posts
Bena Ilyas
Latest Articles
Hawaii Ends Money Transmitter License Requirement for Crypto Firms
By Bena Ilyas
• 3 mins read
“Crypto companies will be able to continue transaction activity as an unregulated business,” stated the Hawai‘i Department of Commerce and Consumer Affairs (DCCA) in a press release.
Alibaba’s Fintech Arm Ant Digital Expands Capital for Blockchain Push
By Bena Ilyas
• 2 mins read
While China remains firm in its ban on cryptocurrency transactions, the country continues to embrace blockchain technology as a foundation for innovation in areas like digital identity, supply chain management, and cross-border payments.
Australia Tracks Crypto Gains Ahead of Financial Year-End Tax Returns Deadline
By Bena Ilyas
• 3 mins read
The ATO’s data collection program shows a stricter approach and allows the ATO to gather transaction data from any legally operating crypto exchange, including platforms like Binance, Coinbase, and CoinSpot.
Bybit Becomes 2nd Largest Exchange Globally after FTX Collapse
By Bena Ilyas
• 3 mins read
“When FTX collapsed, we saw the opportunity,” said Bybit co-founder and CEO Ben Zhou, referencing the downfall of Sam Bankman-Fried’s once-dominant exchange.
Vanuatu’s Long-Awaited Crypto Bill Set for Enactment in September, Says VFSC
By Bena Ilyas
• 3 mins read
The proposed bill outlines a five-tier licensing system for VASPs. It classifies service providers based on their roles, such as allowing the exchange of cryptocurrencies for fiat or offering crypto custody services.
Polygon (MATIC) Struggles Below $0.60, Eyes Potential $0.50 Low in July
By Bena Ilyas
• 2 mins read
Polygon (MATIC) price struggles below $0.60 and might fall to $0.50 in July due to bearish market sentiment.
Spot Bitcoin ETFs Draw $31M Net Inflows, Reversing Seven-Day Outflow Trend
By Bena Ilyas
• 3 mins read
Despite the mixed performance of spot bitcoin ETFs, the overall outlook remains positive. As of June 26, 2024, the combined net inflows for these 11 funds since their January launch stands at $14.42 billion.
US Spot Bitcoin ETFs See 7th Consecutive Day of Outflows Streak
By Bena Ilyas
• 2 mins read
Bitcoin’s recent price drop to 3.34% triggers major outflows from leading Bitcoin ETFs, with Grayscale’s GBTC fund losing $90 million.
South Korean Think Tank Warns Spot Crypto ETFs Could Harm Economy
By Bena Ilyas
• 2 mins read
The Korea Institute of Finance (KIF) report stated that allowing crypto ETFs could cause resource allocation inefficiency, increased crypto-related risks, and weakened financial stability.
Federal Judge Suggests Denying Motion to Dismiss in SEC vs Kraken Case
By Bena Ilyas
• 2 mins read
Kraken’s lawyer, Matthew Solomon, challenged the SEC’s approach of treating the exchange as a unified “ecosystem” with all tokens as investment contracts. He stressed the fair, consistent application of regulations to crypto assets.