Commerzbank, Germany’s fourth-largest bank, announced its become the first among its peers to secure the Crypto Custody License under Article 1 Section 1a Sentence 1 No 6 German Banking Act (KWG). The newly acquired license empowers Commerzbank to forge ahead in establishing a comprehensive range of digital asset services, with a specific emphasis on Bitcoin and…
Uniswap wallet first launched on the Apple’ App store in April. Uniswap has responded to the high demand for its crypto wallet from Android users by rolling out a version tailored to their devices. This follows shortly after its beta launch last month. Now, all Uniswap users, including those who use Android, may carry out…
Foresight Ventures sees the acquisition as an opportunity to establish a significant foothold in the US and contribute to The Block’s growth amidst challenges in the crypto media industry. Singapore-based Foresight Ventures has completed the acquisition of a majority stake in The Block, a prominent crypto news and data provider. The deal, which valued the…
The approved plan allows Celsius to distribute approximately $2 billion worth of Bitcoin (BTC) and Ethereum (ETH) and some shares of the new company to users who were unable to withdraw their funds The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and…
The bill, if passed, will prevent undue government interference in the crypto sector, and also support self-custody wallets. A new crypto bill has been introduced to the United States Senate to give crypto holders more power over their assets. Senator Ted Budd (R-NC) introduced the “Keep Your Coins Act” to the 118th Congress on Tuesday….
With the amendment sailing through unopposed, Emmer emphasized the potential roles of other government bodies, such as the Department of Justice and the Treasury, in managing any possible misconduct within the crypto industry. United States Congressman Tom Emmer is advocating for a significant change that aims to limit the powers of the Securities and Exchange…
The entire world of finance (both traditional and crypto) is eagerly waiting for the US SEC to approve spot Bitcoin ETF. Preparations are in top gear as Cathie Wood’s Ark Invest is moments away from launching a new “suite” of exchange-traded funds (ETFs). In line with this ambition, the asset management company has partnered with…
Last week’s rally may have been directly linked to a more recent announcement by the TON Foundation. Toncoin (TON), the cryptocurrency linked with popular messaging platform Telegram, is arguably the biggest gainer among the top 100 digital assets at the moment. This follows after the token price surged by over 8% overnight, signaling a bullish…
One of the factors that align with the ‘perfect storm’ is the upcoming Bitcoin halving event expected to occur in April 2024. According to a tweet on X by John Deaton, a prominent crypto lawyer actively representing XRP holders in the ongoing SEC case, US regulators may finally approve Bitcoin exchange-traded funds (ETFs) very soon….
Leaks suggest that players may earn and trade in-game cryptocurrency as part of their gameplay experience, potentially including Bitcoin (BTC) as a payment method and reward token. Fans and investors are buzzing with excitement as Rockstar Games, a division of Take-Two Interactive Software Inc, is rumored to be gearing up for the announcement of the…
Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted by 55% to…
According to Ava Labs CEO Emin Gün Sirer, the cuts were necessary to restructure and reallocate resources in the ongoing crypto bear market. The cryptocurrency job market continues to face issues with layoffs amid the challenges and uncertainty of the crypto bear market. One of the recent ones is the recent sack of 12% of…
Meanwhile, the regulator is currently in several enforcement actions against popular exchanges including Coinbase and Binance. The United States Securities and Exchange Commission (SEC) has found itself in a bit of a situation with its plans to hire crypto experts. This is according to a revelation by the SEC’s Supervisory Office of Inspector General. Per…
Hong Kong’s top financial regulator SFC shows willingness to allow retail players to gain access to spot crypto ETFs while ensuring that risks are addressed properly. Hong Kong regulators are assessing whether they can allow retail investors to seek exposure to spot crypto ETFs that directly invest in crypto assets. Julia Leung, the Chief Executive…
This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet. In a cryptic post on X, Changpeng ‘CZ’ Zhao, the CEO of Binance, recently sparked the curiosity of the crypto community by simply posting the number “3” and an…
Following the collapse of Terra Luna and FTX last year, the UK policymakers have committed to introducing a new regulatory regime for crypto assets and stablecoins to ensure sustainable and secure mainstream adoption. The United Kingdom policymakers have in the past year worked closely with different financial institutions and other stakeholders in formulating detailed regulatory…
Roger Ver took legal action after the company’s derivatives-based arm, bit.com failed to release his $8 million withdrawal request to him in June 2022. Popular crypto businessman Roger Ver has sued Smart Vega Holding Limited, a subsidiary of Matrixport. Although the case has been on since 2022, the report just came to light after Ver…
DZ Bank’s current infrastructure makes it possible for the bank to take part in the exploratory phase of the ECB’s project testing the settlement of large-volume capital market transactions in central bank money. Germany’s third-largest bank DZ Bank has launched a blockchain-based platform for the processing and custody of crypto assets. The platform will cater…
The scam was reported by blockchain security analyst ZachXBT on Sunday hence resulting in Microsoft removing the fake Ledger Live application to avoid further damage. Amid the mainstream adoption of the cryptocurrency market around the world, scams directed at both novice traders and veteran investors have evolved into sophisticated methods. In the past two weeks,…
Hashkey opened its retail crypto trading services in mid-August this year and has seen its trading volume scale to over $100 million in October. After Hong Kong unlocked its gates wide open for the cryptocurrency industry earlier this year, more investors have proliferated into the young market to tap into the Web 3.0 prowess. A…
With this approval, PayPal joins firms like Interactive Brokers, Bitstamp, and Komainu that have been granted crypto registration this year. Payments company PayPal Holdings Inc (NASDAQ: PYPL) has received approval from the UK’s Financial Conduct Authority (FCA) to offer cryptocurrency services. Official FCA data shows that as of October 31, 2023, PayPal is registered for…
The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis. A flurry of activity in the crypto space last night grabbed the attention of industry watchers as the wallets associated with bankrupt crypto exchange FTX and its sister company…
The partnership will allow Flare dApp developers to benefit from Elliptic’s real-time transaction screening and crypto wallet checks. Flare, a layer 1 EVM blockchain that provides developers with decentralized permission into data from various chains, and the internet, has announced that they are partnering with Elliptic, a global leader in crypto risk management. The collaboration…
Turkish Finance Minister noted that work related to the crypto assets regulations is the final outstanding matter in order to achieve full compliance with FATF standards. Turkey’s finance minister has revealed the country’s intentions to introduce new crypto regulations, aiming to secure removal from the Financial Action Task Force’s “grey list” of nations lacking sufficient…
BitGo confirms that it is delighted that its efforts to secure the new license have finally paid off. Crypto custody firm BitGo is now fully licensed to carry out its custody business in Germany, according to a recent CoinDesk report. This follows after the United States-regulated firm recently secured the appropriate license from the German…
The term “crypto” has become a buzzword, encompassing a wide range of digital assets. Amongst Bitcoiners, it has also become a derogatory term used to refer to altcoins, as seen in the oft-repeated phrase “Bitcoin, Not Crypto.” However, not everything in the crypto world is truly “crypto,” at least not in the literal sense of…
Andreessen Horowitz, to date, is arguably one of the most prolific investors in the blockchain space. Andreessen Horowitz (a16z) is reportedly planning to raise a $3.4 billion fund that will be designated for early-stage and seed-stage crypto businesses. The development was shared by Axios, which also cited other sources. According to Axios, a16z, the Silicon…
K-Bank aims to capture 20% of the crypto market in Thailand through the acquisition of Satang Pro. In a bold move signaling growing integration between traditional finance and the burgeoning cryptocurrency industry, Kasikornbank, one of the largest banks in Thailand, has purchased a majority stake in a local digital assets trading platform called Satang Pro….
In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3.705 billion Thai baht ($102.8 million), was conducted through a newly formed Kasikorn Bank subsidiary…
In 2023 so far, USDT transactions totaled $271 billion Brazilian reais (approximately $55 billion) and surpassed Bitcoin (BTC) transactions, which accounted for $151 billion reais ($30 billion). Tether (USDT) stablecoin has become the most widely used cryptocurrency in Brazil, with its adoption incredibly soaring this year. According to the report from Brazil’s Receita Federal (the Special…
With how LINK is moving in recent times and its historical precedent, there are indications that it may serve as a market leader once again, potentially triggering another bullish trend. Chainlink (LINK), a decentralized blockchain oracles service provider has emerged as a standout performer, witnessing an astounding 50% increase in its price as the crypto…
In response to the allegations, Tether emphasized its commitment to preventing the misuse of cryptocurrencies for illicit activities. In a recent development, US Senator Cynthia Lummis (R-WY) has called upon the US Department of Justice (DOJ) to take decisive action against major cryptocurrency entities, Binance and Tether, over their alleged involvement in illicit financing associated…
The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC. Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on October 24, will…
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases. The world’s largest digital assets manager Grayscale Investments continues to take steps in order to expand its footprint in the market. Also, the latest report shows that Grayscale is venturing into…
While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset trading platform in Hong…
Coinbase contends the SEC’s interpretation of what constitutes a security is dangerously broad and insupportable. In the exchange’s view, only assets conferring explicit financial rights or a stake in a business should be considered securities. The popular crypto exchange Coinbase Global Inc (NASDAQ: COIN) is locked in a major legal battle with the Securities and…
BlockFi revealed that it has emerged from bankruptcy court, having received approval for its reorganization plan from all relevant stakeholders. Nearly 11 months after it first declared bankruptcy, the crypto lender BlockFi has now officially begun the process of winding down its operations. In line with this, the company has asked its wallet users to…
North America has led the world with 24.4% of global crypto transaction activity which is split relatively evenly between DeFi and centralized exchanges. The latest report by blockchain data and software service provider Chainalysis has shown that the global crypto activity is driven by North America where the on-chain market value has reached about $1.2 trillion between…
As Bitcoin extends its rally to $35,000 clocking over 100% gains for 2023, let’s take a look at some crypto firms that have outperformed Bitcoin. The world’s largest cryptocurrency Bitcoin (BTC) has given a strong breakout earlier today hitting a new high for 2023 at $35,000. With this, Bitcoin has extended its year-to-date gains by…
According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on…
Crypto firms have been using the “major questions” doctrine to defends themselves against the enforcement actions of the regulations. However, it has its own flaws in place. Over the last year, multiple firms in the crypto space have engaged with regulators on different issues. These companies have been boldly questioning the regulatory stands against crypto…
OSL exchange’s parent firm has denied reports that its on sale with an estimated valuation of 1 billion Hong Kong dollars ($128 million). BC Technology, the parent firm of Hong Kong-based licensed crypto platform OSL, denied reports that the exchange is up for sale. BC Technology, the parent company of OSL, has refuted Bloomberg’s report…
The situation first arose when BitPay posted a tweet stating that Ripple (XRP) could now be used to buy items in games that use BitPay, including Roblox and Smite. Popular gaming platform Roblox found itself at the center of some confusion on Tuesday after a now-deleted tweet from cryptocurrency payment processor BitPay claimed that Ripple’s…
Larry Fink’s comment reveals BlackRock’s strong interest in crypto following the company’s application for a spot Bitcoin ETF. The Chief Executive Officer of asset management giant BlackRock Inc (NYSE: BLK) recently said there is “the need for crypto” among the company’s many clients. Fink revealed this in a Monday interview on Fox Business. BlackRock CEO Believes Clients…
Asia is getting filled with a growing number of blockchain enthusiasts, while the rest of the world is waiting for crypto winter to start. It seems that Asia might become the next crypto hub, with the adoption of digital assets gaining momentum. Central and southern Asia are the leading regions establishing themselves as key players in…
Governor Newsom’s endorsement of the crypto regulation bill represents a significant departure from his previous stance. California’s crypto industry is bracing for significant changes as Governor Gavin Newsom signs off on a groundbreaking regulatory bill expected to revamp the state’s digital asset landscape. The newly approved bill, the Digital Financial Assets Law, is slated to…
Kraken Australia’s Director Jonathon Miller does not support the proposed rules, stating that the paper was trying to fit crypto into existing financial services regulations. The Australian Treasury has unveiled a consultation paper that details plans to regulate crypto exchanges in the country. The new regulatory framework – released on October 16 and titled “Regulating…
The CoinList staking fund offers US accredited investors an opportunity to earn a yield on their digital assets through investment in a private fund. CoinList, an established launchpad for crypto-related projects, has announced the launch of its staking fund meant for the US select customers. According to the announcement, the CoinList staking fund will offer…
The initiative follows the introduction of a roadmap proposed in a synthesis paper by the IMF and FSB, aimed at fostering international policies and regulations for crypto assets With the growing participation of investors in the crypto market, the group of G20 Finance Ministers and Central Bank Governors (FMCBG) have agreed to work on a…
Digital Shovel, a leader in Bitcoin mining infrastructure, today announced the latest evolution of its MiniPOD line of modular cryptocurrency mining datacenters, the S300 MiniPOD. The S300 builds on the design and functionality of Digital Shovel’s previous products, improving on many aspects of the installation and operation of a portable mining container. The S300 has…