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CryptoCurrency
UK Finance Taps R3 and Quant for Financial Technology Experimentation
2024-04-15T17:35:48.833+02:00
The UK RLN will explore digital payment and settlement across currency types.
R3 offers shared ledger capabilities via its Corda platform and Digital Currency solution.
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CryptoCurrency
Minister Reveals When the UK Will Introduce New Cryptocurrency Regulation
2024-04-15T13:06:36.990+02:00
Economic Secretary Bim Afolami confirmed the date of the new legislation.
Crypto and stablecoin rules should be presented by July 2024.
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CryptoCurrency
Buying Coins is so 2023: Brokerage Accounts as a Gateway to Bitcoin Investment
2024-04-11T17:10:20.732+02:00
Bitcoin exposure is available through ETFs, public companies, or mining stocks, each presenting varying risk levels.
ETFs provide regulated access, public companies offer blended exposure, and mining stocks represent investment in Bitcoin's infrastructure.
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CryptoCurrency
90% of Crypto Trades Handled by Just 10 Exchanges, ESMA Warns
2024-04-11T10:30:38.559+02:00
Binance alone accounts for half of this market domination.
Moreover, EUR plays a marginal role in the digital assets market where USD dominates.
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CryptoCurrency
Coinbase Adopts Apple Pay for Crypto Purchases amid Market Slowdown
2024-04-10T15:58:36.636+02:00
When using Apple Pay for transactions, card numbers are not stored on the device or Apple servers.
A unique device account number is encrypted and stored in a specialized chip for data protection.
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CryptoCurrency
Bybit Jumps on Board with Google Pay Integration for Easy Crypto Buys
2024-04-10T10:37:52.237+02:00
Users across 35 currencies can now acquire cryptos with just a single click.
Earlier, Google announced the discontinuation of Google Pay in the United States.
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Payments
Instant Money: How XRP and Uphold are Redefining Payment Speed in Your Pocket
2024-04-09T18:00:00.000+02:00
The instant economy is upon us.
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CryptoCurrency
Asian Firm HashKey Unveils Global Exchange Post Bermuda Licensing
2024-04-08T11:06:45.957+02:00
The firm will expand services, beginning with spot trading for 21 digital assets.
HashKey is the first in Hong Kong to secure all licenses necessary for crypto retail trading.
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CryptoCurrency
Ripple's USD-Pegged Stablecoin Initiative Targets Rising Market Demand
2024-04-04T15:31:48.393+02:00
It will debut on XRPL and ETH blockchains, expanding to more platforms later.
The stablecoin market, valued at $150 billion, is projected to exceed $2.8 trillion by 2028.
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CryptoCurrency
Unclaimed Crypto Fortunes: 87% Are Unaware of Unrecoverable Assets
2024-04-03T14:40:25.705+02:00
Analyzing data from 8,000 families across 18 countries has revealed alarming trends in unclaimed crypto assets.
In 91% of fiat-to-crypto transitions, ownership continuity is disrupted, complicating asset management.
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CryptoCurrency
Turkish Court Imposes 11,196 Year Sentence on Former Thodex CEO
2024-04-03T13:32:43.904+02:00
Faruk Fatih Ozer's siblings have received lengthy prison terms for their involvement in the fraud.
Ozer faced 2,027 charges, one for each defrauded individual during Thodex's collapse.
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CryptoCurrency
AMF Cautions French Investors on Unregulated Trading Platform BITGET
2024-04-02T16:38:13.905+02:00
The firm has been on the AMF blacklist since Nov 7, 2023, for unauthorized services in France.
The regulator has urged caution for investors amid potential service disruptions.
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CryptoCurrency
Crypto.com Unveils Tailored Trading Platform for Korean Market
2024-04-02T10:44:59.995+02:00
Discussions with local banks are underway for real-name account authentication partnerships.
Five won-based crypto exchanges in Korea are currently authorized by financial authorities.
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CryptoCurrency
Deribit Secures Conditional Dubai VASP License, Names Luuk Strijers as CEO
2024-04-02T08:00:00.000+02:00
The firm is in the process of relocating its global headquarters to Dubai.
It targets institutional investors while serving retail clients via its Panama affiliate.
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CryptoCurrency
1.5 Million People Trade Crypto Daily in Western Europe, Germany Leads
2024-03-28T17:46:45.980+02:00
Western Europe has emerged as a crypto powerhouse, with Germany and France leading the charge.
It is currently the second region globally with the highest adoption of digital assets.
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CryptoCurrency
Indonesia Implements Sandbox for Crypto Firms Ahead of OJK Oversight
2024-03-28T11:45:15.559+02:00
In January 2025, Indonesia will transfer crypto regulatory oversight from Bappebti to OJK.
With the regulatory changes, crypto assets may shift from commodities to financial instruments.
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CryptoCurrency
Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55% in 2024
2024-03-28T10:33:29.865+02:00
Argo Blockchain closes Mirabel's sale and reduces debt by $12.4 million.
However, its shares on the LSE and NASDAQ are experiencing the most pronounced decline within the crypto industry.
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CryptoCurrency
KuCoin Faces $1 Billion Crypto Exodus amid US Charges, Assets Plummet 20%
2024-03-27T17:20:48.830+02:00
Ethereum saw a staggering $840 million in net outflows during this period.
The value of crypto assets linked to KuCoin dropped from $6 billion to $4.8 billion.
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CryptoCurrency
KuCoin and Founders Face US Prosecution over Alleged AML Violations
2024-03-26T18:16:23.095+02:00
The firm served 30 million customers without KYC or AML programs until 2023.
The indictment has alleged that over $3.2 million in crypto was received from Tornado Cash.
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CryptoCurrency
Bakkt “Alleviates” from Existence Woes: Ends 2023 with $780M in Revenue
2024-03-26T12:04:06.045+02:00
The company narrows its net annual losses 89 percent.
Its acquisition of Bakkt Crypto (formerly Apex Crypto) was a success as it became a key revenue generator.
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Arnab Shome
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CryptoCurrency
EU Crypto Regulations Getting Closer: ESMA Publishes Final Report
2024-03-26T11:20:26.550+02:00
The regulator seeks to balance investor protection and innovation in the crypto industry.
ESMA also starts the third public consultation package under MiCA.
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CryptoCurrency
LSE Opens Doors to Bitcoin and Ethereum ETN Applications
2024-03-25T19:49:12.246+02:00
The proposed commencement date for trading these Crypto ETN securities is May 28.
The Exchange's decision hinges on the FCA's approval of base prospectuses.
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CryptoCurrency
SFC Warns against Fraudulent Crypto Exchanges in Hong Kong
2024-03-25T18:38:23.532+02:00
Two trading platforms, HKCEXP and EDY, have raised alarms with the SFC.
The firms are accused of falsely claiming affiliation and misrepresenting regulatory registration.
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CryptoCurrency
N26 Crypto Arrives: Broadening Investment Options for French Users
2024-03-22T15:40:32.231+02:00
Clients with French or German IBANs can access N26 Crypto across all membership tiers.
The firm has partnered with Bitpanda GmbH to create and introduce N26 Crypto.
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CryptoCurrency
Decentralized Transactions Challenge Howey Test's Application to NFTs
2024-03-21T14:58:44.638+02:00
The key question is whether NFTs meet the Howey test criteria for classification as securities under federal laws.
In the NFT industry, adopting best practices includes transparency, fraud prevention, respecting intellectual property, and ethical conduct.
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