Tag: operations
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Bybit Secures Virtual Asset Service Provider License from Dubai Virtual Assets Regulatory Authority to Bolster Global Exchange Operations
Bybit has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services covering spot trading, adding to the cryptocurrency exchange’s growing portfolio of regulatory approvals as it aggressively expands its international business footprint. The license, which was issued specifically to the entity Bybit Fintech FZE, marks a…
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CoinEx Announces Orderly Wind-Down and Permanent Closure After Nine Years of Global Operations Following Regulatory Pressures and Market Shifts
CoinEx, a veteran cryptocurrency exchange with its operating headquarters in the Seychelles, has officially announced that it is entering a period of orderly wind-down, signaling the end of its nearly decade-long presence in the digital asset market. The platform, which has navigated multiple market cycles since its inception in late 2017, confirmed that all user…
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Ethereum Foundation Reimagines Structure and Operations in Strategic Overhaul
The Ethereum Foundation (EF) has undergone a significant organizational transformation, culminating in a streamlined structure designed to accelerate its core mission and adapt to the evolving blockchain landscape. This months-long process, driven by the implementation of the EF’s Mandate and its new Treasury Management Policy, has reshaped the foundation’s operational framework and strategic priorities. While…
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Iran Intensifies Crackdown on Illegal Crypto Mining Operations Amid National Power Crisis and Grid Instability
The Iranian government has significantly escalated its efforts to dismantle illegal cryptocurrency mining operations, reporting the discovery and closure of 9,404 unauthorized mining farms over the past five months. This aggressive enforcement surge comes in response to a deepening energy crisis that has seen the nation grapple with persistent power outages, particularly during the peak…
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CoinEx Announces Orderly Wind-Down and Closure After Nine Years of Global Operations.
In a move that marks the end of an era for one of the industry’s long-standing trading platforms, the Seychelles-based cryptocurrency exchange CoinEx has officially announced it will cease all operations by late 2026. The decision, described by the company’s leadership as a strategic and "orderly wind-down," concludes nearly a decade of service in the…
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Michigan Court Imposes Massive Daily Fines on Kalshi for Unlicensed Sports Betting Operations as Attorney General Secures Preliminary Injunction
In a significant legal victory for state regulators, a Michigan court has issued a preliminary injunction against KalshiEx, LLC, a prominent prediction market platform, effectively barring the company from offering sports-related wagering contracts to residents of the state. The ruling, which comes after months of litigation initiated by the Michigan Department of Attorney General, imposes…
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New York Attorney General Sues Polymarket Alleging Illegal Gambling Operations and Unlicensed Market Activity
New York Attorney General Letitia James has officially filed a lawsuit against Polymarket, one of the world’s largest decentralized prediction platforms, alleging that the company has been operating an illegal and unlicensed gambling business within the state. The legal action, which specifically targets QCX LLC—the corporate entity behind Polymarket’s United States operations—marks a significant escalation…
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Grayscale Investments Launches New Bitcoin Miners ETF to Provide Targeted Exposure to Digital Asset Infrastructure and Global Mining Operations
Grayscale Investments, the world’s largest crypto asset manager, has officially expanded its suite of investment products with the debut of the Grayscale Bitcoin Miners ETF, trading under the ticker MNRS. This new exchange-traded fund is designed to offer investors a regulated, transparent vehicle to gain exposure to the companies responsible for securing the Bitcoin network.…
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Michigan Court Issues Preliminary Injunction Against Kalshi Prohibiting Unlicensed Sports Betting Operations and Imposing Heavy Daily Fines
The Michigan judiciary has taken a decisive stance against unlicensed digital wagering by issuing a preliminary injunction against KalshiEx, LLC, a prominent prediction market platform. The court order effectively bars the company from offering sports-related wagering contracts to residents of Michigan, citing violations of state gaming laws and the potential for significant public harm. Under…
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Ethereum Foundation Undergoes Significant Reorganization, Streamlining Operations and Focusing on Core Mission
The Ethereum Foundation (EF) has concluded a months-long strategic reorganization, culminating in a significant restructuring of its operations and a reduction in its workforce. This pivotal moment marks the implementation of the EF’s updated Mandate and Treasury Management Policy, signaling a sharpened focus on the foundational development and long-term sustainability of the Ethereum protocol. The…
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