ChainCatcher news, the decentralized exchange SphereX has announced the official launch of its mainnet. The SphereX mainnet is supported by the Layer-2 scaling technology of zkLink Nova, aiming to ensure lower gas fees, enable more frequent transactions, achieve high transaction volumes, and seamless scalability.

ChainCatcher message, the crypto payment provider Alchemy Pay has deployed its fiat-to-crypto exchange service on Bitcoin.com, supporting the purchase of various cryptocurrencies, including Bitcoin.com's reward token VERSE.

ChainCatcher news, the Financial Intelligence Unit of the Indian Ministry of Finance (FIU IND) has issued compliance notice reasons to nine offshore virtual digital asset service providers (VDA SP) and has written to the Ministry of Electronics and Information Technology, requesting to block the URLs of the nine entities that operate illegally in violation of the Indian PML Act. These nine offshore VDA service providers are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.It is reported that virtual digital asset service providers (VDA SP) operating in India (both offshore and onshore) and engaging in activities such as the exchange between virtual digital assets and fiat currency, transfer of virtual digital assets, or custody or management of virtual digital assets or instruments, must register with FIU IND as reporting entities and comply with a series of obligations stipulated in the Prevention of Money Laundering Act (PMLA) of 2002.As of now, 31 VDA SPs have registered with FIU IND. However, some offshore entities, while catering to a significant portion of Indian users, have not registered and are not bound by anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks.

ChainCatcher news, Tether has officially announced that its euro stablecoin Euro Tether (EUR₮) will be listed on the crypto options and perpetual trading platform BIT Crypto Exchange.

ChainCatcher news, according to CoinDesk, blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx to combat fraud in the country.The program will be trialed globally for the first time, with Australian crypto users who activate two-factor authentication on their cryptocurrency accounts receiving Bitcoin worth AUD 10 (approximately USD 6.6). The announcement stated that the trial will test the impact of rewarding crypto customers for protecting their accounts and educating themselves on how to avoid fraud on the levels of investment fraud. The first 2,000 customers who enable two-step verification on their accounts and complete a course co-created with TRM Labs will receive rewards from Swyftx.

ChainCatcher news, Austrian cryptocurrency exchange Bitpanda has partnered with Coinbase. Coinbase will be added as a liquidity provider for Bitpanda Technology Solutions, and Bitpanda's "Invest as a Service" division will also start using Coinbase Prime's custody services. This deal will pave the way for Coinbase Institutional clients outside the U.S. to use the white-label Bitpanda Invest as a Service platform.It is reported that Austrian bank Raiffeisenlandesbank, German neobank N26, French fintech company Lydia, and the UK's Plum are already using the service. (The Block)

ChainCatcher news, the cryptocurrency exchange Metatime located in Turkey announced the completion of a $11 million seed round financing through equity and token sales, with participation from the Turkish investment company Yildiz Tekno GSYO and several unnamed angel investors. It is reported that Yildiz invested $150,000 to purchase 1% equity in Metatime, while the remaining funds were provided by angel investors in the token financing.Metatime is a cryptocurrency startup based in Istanbul, preparing to launch a variety of products and services, including a cryptocurrency exchange, wallet, NFT marketplace, local blockchain, and stablecoin, which have not yet been launched. (The Block)

ChainCatcher news, according to Tech in Asia, FTX holds 99% of the shares in the Indonesian cryptocurrency exchange Bitocto, with the remaining 1% owned by the Hong Kong crypto platform Genesis Block. The market development director of Bitocto stated that customer funds and assets are safe because the company's systems are not integrated with FTX.It is reported that Bitocto is one of the 25 officially regulated cryptocurrency trading platforms under Indonesia's cryptocurrency regulatory authority, the Commodity Futures Trading Regulatory Agency (Bappebti), and is categorized under the same Dotcom silo as FTX's Japanese subsidiary Liquid, European subsidiary Digital Assets AG, and FTX US Derivatives (formerly LedgerX). (source link)