Tagged: digital assets

June 25, 2023 @ 4:55 pm By Omar Faridi  |  

At Gemini, they claim to provide a seamless onramp “to the world of crypto for individuals, institutions, and businesses of all sizes.” Gemini‘s core products, the Gemini Exchange and Gemini Custody, “can be easily integrated with startups seeking a secure and compliant way to offer… Read More

June 24, 2023 @ 9:58 am By Omar Faridi  |  

Crypto.com announced that it has received its Virtual Asset Service Provider (VASP) registration from the Bank of Spain. Crypto.com secured this registration “following a comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial crimes laws, as well as measures to safeguard… Read More

June 23, 2023 @ 9:31 am By Omar Faridi  |  

CACEIS, the asset servicing unit that’s owned by Credit Agricole (ACA.PA) and Santander (NYSE: SAN), has reportedly registered with France’s markets regulator AMF in order to offer digital asset custody services (including cryptocurrencies). The firm has registered as a digital asset service provider (DASP) on… Read More

June 23, 2023 @ 7:20 am By Omar Faridi  |  

Currently, cross-border payments are a “hassle” for many small and mid-sized enterprises with international business partners, the team at German software firm SAP notes in a blog post. The team at @SAP is now testing cross-border payments for their customers with $USDC.https://t.co/QrMHHATsUb pic.twitter.com/mTHWbJde3a — Peter… Read More

June 22, 2023 @ 9:47 am By Omar Faridi  |  

Oobit, a provider of cryptocurrency payment solutions, is pleased to announce its integration with Fireblocks, an easy-to-use platform “to create new blockchain-based products and manage day-to-day digital asset operations.” This collaboration marks “a significant milestone for both companies as they join forces ahead of Oobit’s… Read More

June 22, 2023 @ 9:10 am By Omar Faridi  |  

Ripple, which claims to be the leader in enterprise blockchain and crypto solutions, announced that its Singapore subsidiary Ripple Markets APAC Pte Ltd, has obtained In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS). This license will allow… Read More

June 21, 2023 @ 9:33 am By Omar Faridi  |  

The dramatic rise of cryptocurrency theft during the last couple years has become a serious concern for US authorities, who are increasing their efforts to crackdown on bad actors and illicit crypto-related activities. This past year, crypto-focused hackers have reportedly been able to steal around… Read More

June 21, 2023 @ 8:04 am By Omar Faridi  |  

Gemini is pleased to announce their expansion plans in APAC as Gemini’s leadership team recently visited the region on their global odyssey “to propel the promise of crypto.” Over the next 12 months, they plan “to increase their headcount to 100+ in Singapore.” Gemini’s APAC… Read More

June 21, 2023 @ 7:49 am By Omar Faridi  |  

Deutsche Bank AG (ETR: DBK) has reportedly submitted an application for obtaining regulatory clearance to serve as a digital asset custodian, based in Germany, the bank revealed on Tuesday (June 20, 2023). As first reported by Bloomberg, this latest development from Deutsche Bank comes only… Read More

June 20, 2023 @ 9:19 am By Omar Faridi  |  

Digital asset firm CoinSwitch is getting ready to introduce a stock trading platform, so that it can meaningfully compete in a market which includes Groww and Upstox, among other service providers in India. According to an update shared by the ET, CoinSwitch intends to submit… Read More

June 20, 2023 @ 9:16 am By Omar Faridi  |  

Mastercard (NYSE: MA) is continuing its move into the volatile crypto sector. The payments giant has submitted a trademark application claiming plans for software for crypto and blockchain/DLT transactions, as well as interconnecting virtual asset service providers for crypto transfers. It appears as if Mastercard… Read More

June 19, 2023 @ 11:22 pm By Omar Faridi  |  

Elliptic – the global firm focused on crypto-asset risk management – has released a landmark report to equip compliance and law enforcement teams with the necessary tools to combat the next frontier of crypto crime. Elliptic’s flagship Typologies Report – which remains “the only comprehensive… Read More

June 19, 2023 @ 6:59 pm By Omar Faridi  |  

Synthetix is pleased to announce the addition of Lido Finances’ stETH as the latest asset for leverage trading on Synthetix Perps. This new perpetual futures market “has been approved by SIP 2021 and had parameters set in SCCP 2015.” Synthetix Perps claims it is “the… Read More

June 18, 2023 @ 9:36 am By Omar Faridi  |  

Only a couple months after finalizing a $155M acquisition of Apex Crypto, an established trading infrastructure provider, the New York–headquartered crypto-assets platform Bakkt Holdings, Inc. (NYSE: BKKT) is delisting three major digital currencies: Solana (SOL), Polygon (MATIC), and Cardano (ADA). Marc D’Annunzio, Bakkt General Counsel… Read More

June 18, 2023 @ 9:33 am By Omar Faridi  |  

Avantgarde Finance Group is partnering with Agio Digital, a digital assets and fund services platform, to offer the first ever institutional-grade on-chain crypto products. Using the platform, it is now possible “to set up fully regulated and compliant on-chain funds in a matter of weeks,… Read More

June 17, 2023 @ 4:12 pm By Omar Faridi  |  

Finery Markets has announced the digital assets prime broker and exchange, Bequant, as its latest partner, with the company using its new FM Liquidity Match service. FM Liquidity Match, introduced in April 2023, is “a service that gives institutional market players and crypto businesses access… Read More

June 17, 2023 @ 10:06 am By Omar Faridi  |  

Crypto infrastructure provider Wyre is reportedly winding down its operations. This, after really feeling the pressure of dwindling interest in a volatile market that was promoted as the next frontier of innovative finance. The decision by Wyre, announced via a tweet this past Friday, comes… Read More

June 16, 2023 @ 3:53 pm By Omar Faridi  |  

Coincover, the digital asset protection company, announces the appointment of Vikki Sly as Chief People Officer (CPO), boosting the firm’s commitment to building a healthy scaling business. With a strong background in designing and implementing successful internal cultures, Vikki will play “an integral role in… Read More

June 16, 2023 @ 9:48 am By Omar Faridi  |  

The convergence of AI and NFTs has far-reaching implications for the gaming industry. It introduces a new level of customization and creativity for players, enabling them to personalize assets within the gaming space. NFTs, providing the technology for creative ownership, synergize with AI, which breaks… Read More

June 14, 2023 @ 2:21 pm By Omar Faridi  |  

Gordon Liao from Circle Internet Financial and Thomas Hadeed noted in a study titled, Beyond Speculation: Payment Stablecoins for Real-time Gross Settlements, that  empirical evidence shows “a notable shift in the usage of stablecoins, a form of digital currency transacted over distributed ledgers, in recent… Read More