Tagged: cryptocurrency

Korean Crypto Market Gains Ground Amidst Global Turbulence

Korea’s cryptocurrency industry is poised for significant growth as the global crypto landscape undergoes major shifts, with Chinese crypto exchanges faltering and the world’s largest exchange, Binance, facing legal challenges in the US, the Korea Times reported. In a recent development, Binance was ordered by… Read More

BSV Blockchain Barometer Shows Lack of Public Trust in New Technologies

This week, BSV Blockchain revealed the findings from its inaugural Blockchain Barometer, a worldwide report that seeks to establish an official record of the public’s perception and level of understanding of blockchain and other emerging technologies like AI and the metaverse. The survey, which included… Read More

Cryptocurrency: India Trains 3,000 Police in Crypto Forensics as Cybercrime Rises

India has trained over 3,000 personnel from various cybercrime and police departments to bolster their capabilities in tackling cryptocurrency-related crimes. According to the Ministry of Home Affairs (MHA)’s annual report, India provided specialized training in cryptocurrency forensics and investigations during the financial year 2022-2023. A… Read More

Binance Labs Backs Web3 Social Network Platform Sleek’s $5m Funding

Binance Labs, the venture capital and incubation arm of Binance, has backed the $5-million Seed funding round of Web3 social network platform Sleek, according to an announcement. The funding round, which also saw participation from notable investors, including Shima Capital, Spartan Group, Symbolic Capital, Market… Read More

Dubai Approves XRP as Crypto Token Under Virtual Assets Regime

Digital asset XRP has been granted approval by the Dubai Financial Services Authority (DFSA) for utilization within the Dubai International Financial Centre (DIFC), marking a significant endorsement for cryptocurrency usage in financial services in Dubai, according to Ripple. As the first virtual asset sanctioned by… Read More

Switzerland: SEBA Bank and SGKB Unveil Strategic Crypto Partnership

SEBA Bank, a licensed digital assets bank regulated in Switzerland, has teamed up with St.Galler Kantonalbank (SGKB), the country’s fifth-largest cantonal bank, to launch bitcoin and ether custody and brokerage for clients. The partnership, announced earlier this year, is now fully operational and signifies a… Read More

HK’s Financial Secretary Defends Robust Virtual Assets Regulation Amidst JPEX Probe

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has asserted that stringent regulation of virtual assets is crucial for market development, defending the region’s new licensing regime in the wake of JPEX‘s collapse earlier this year. The unlicensed cryptocurrency exchange is currently under investigation, but Chan… Read More

Report Sheds Light on Escalating Fraud Patterns in Crypto Verification

Sumsub, a full-cycle verification platform, unveiled its “State of Verification and Monitoring in the Crypto Industry 2023” report, shedding light on the pressing issue of new fraud patterns and schemes in the cryptocurrency sector. With a staggering 77% of crypto companies reporting an encounter with… Read More

BingX Debuts Wealth Products, Offering New Asset Management Solutions for Crypto Users

Global cryptocurrency exchange BingX has announced the launch of BingX Wealth, its latest suite of financial products tailored for asset management. This new endeavor by BingX seeks to address a broad spectrum of users’ asset management needs, enhancing their platform’s user experience and diversifying strategies…. Read More

Coinbase To Release Q3 2023 Financial Results on November 2

Coinbase Global (NASDAQ:COIN) widely recognized as one of the leading platforms in the cryptoeconomy, is set to release its third quarter 2023 shareholder letter and financial results. The announcement will be made public on Thursday, November 2, 2023, after the market concludes for the day. Detailed… Read More

Singapore: iStudio Partners with Triple-A to Accept Crypto Payments

iStudio, an Apple Premium Reseller in Singapore, has recently partnered with Triple-A, a crypto payment gateway sanctioned by the Monetary Authority of Singapore (MAS) to allow customers to make purchases using cryptocurrencies at selected iStudio stores. The iStudio stores include those in Jurong Point, Tampines… Read More

Crypto Analytics Firm CoinScan Emerges From Stealth With $6.3M Nest Egg

CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, this week emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on… Read More

Sumsub Launches 6-Month Free Travel Rule Compliance Solution

Sumsub, a global full-cycle verification platform, today launched a six-month free trial of its Travel Rule compliance solution. The product will be available to global cryptocurrency organizations in time for the enforcement of the landmark Crypto Travel Rule legislation expanding in the United Kingdom today to further combat money laundering and terrorism… Read More

Virtual Assets: Gulf Bank Advocates Financial Literacy, Cautions Against Cryptocurrency Risks

As part of its commitment to promoting financial literacy, Gulf Bank is advising its customers on the risks associated with virtual assets like cryptocurrency. The initiative is part of the Let’s Be Aware “Diraya” campaign, now in its third consecutive year, which is spearheaded by… Read More

KryptoGO Studio Tackles Identity, Security, and UX in Web3 Transition

In the rapidly evolving world of the internet, transitioning from Web2 to Web3 has become imperative for businesses around the globe. However, this transition poses significant challenges, such as identity interoperability, technical security, and user experience. KryptoGO, a player in the regulatory technology space, has… Read More

Bybit’s Revamped Launchpad Gives Priority Access to New Crypto Projects

Bybit, a marketplace that claims to be “the world’s third most visited crypto exchange” (currently, Kraken is #3 with Bybit in 5th), has announced a revamped version of its launchpad, offering early investors the opportunity to purchase new projects at favorable prices. The Bybit Launchpad… Read More

Singapore Regulated FOMO Pay, Notabene Collaborate for Secure Digital Transactions

Singapore at Night Marina Bay

FOMO Pay, a Singapore-regulated digital payment and banking solutions provider, has announced a strategic partnership with Notabene, a global crypto-industry decision-making platform, to boost its digital asset compliance. In a statement, FOMO Pay said the collaboration will enhance FOMO Pay’s know-your-transaction (KYT) capabilities and streamline… Read More

Netcoins owner BIGG Digital Assets to fully acquire Web3 Firm Terrazero for $20m

BIGG Digital Assets, the Canadian Securities Exchange (CSE)-listed owner of online cryptocurrency brokerage Netcoins, has agreed to acquire shares of Web3 company Terrazero Technologies Inc that BIGG does not currently own in a transaction valued at $20 million. This transaction, which is expected to close… Read More

Blueprint Unveils Free Staking Service

Digital asset management platform Blueprint this week unveiled a free staking service. It is the first step in capitalizing on what the company believes is a demand for “an all-in-one intuitive platform that combines consolidated data, insights, and tooling to provide investors, builders, and service… Read More

New IRS Rules May Impact Crypto Staking Income

New rules by the Internal Revenue Service (IRS) may have important implications for those who earn revenue through staking cryptocurrency, one tax lawyer warned this week. According to the Tax Law Offices of David W. Klasing, IRS Revenue Ruling 2023-14 states that staking rewards will now… Read More

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