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Philippines SEC Cracks Down on Unregistered Crypto Exchanges as New Rules Kick In

SEC · Philippines

Philippines SEC Cracks Down on Unregistered Crypto Exchanges as New Rules Kick In

Coverage: 2 sources

The Philippines Securities and Exchange Commission (SEC) said it may take action against crypto exchanges including OKX, ByBit and Bitget for operating without appropriate registration and warned the public against using the platforms.In a notice dated Aug. 4, the commission also named Mexc, Kucoin and Kraken as being accessible without being registered and, in some cases, actively marketing their services to residents. Other platforms it didn't…See the Story

Citigroup Considers Custody and Payment Services for Stablecoins ...

Citigroup Considers Custody and Payment Services for Stablecoins ...

100% Left coverage: 1 sources

Citigroup is considering crypto custody and payment services, starting with stablecoin-backed assets, as Bitcoin and Ether ETFs see record inflows.See the Story

ETH Marches Closer to New All-Time High Price as Open Interest Reaches New Record

ETH Marches Closer to New All-Time High Price as Open Interest Reaches New Record

The Ethereum (ETH) market is heating up, with new inflows of liquidity for derivative positions. Open interest is once again at an all-time high, setting up positions for the next ETH price move. The ETH derivative market is heating up, as risky traders are making bets on the next move of ETH. Futures open interest on the top crypto exchanges reached $33.6B based on Coinglass data. Open interest has been rising gradually but relentlessly, expan…See the Story

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