Tagged: virtual currencies

Nvidia CEO Says Crypto Doesn’t Contribute Anything “Useful” to Society

Nvidia’s (NASDAQ:NVDA) management has recently stated that cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) don’t bring anything “useful” for society. This, despite the firm’s powerful processors selling in massive quantities to the nascent crypto industry. Michael Kagan, Nvidia’s CTO, noted that other popular uses of… Read More

Coinbase Says UK Is Well-Positioned to Become Global Center for Digital and Financial Services Transformation

The UK has an “impressive” innovation infrastructure, including major research universities and levels of investment in Fintech only exceeded by the US, according to an update shared by Coinbase (NASDAQ:COIN). This has “contributed to the UK’s success in incubating and hosting some of Europe’s largest… Read More

Digital Assets: HashKey Group, SlowMist to Build Secure Crypto-Asset Services

HashKey Group and SlowMist are pleased to announce a strategic partnership to collaborate on digital asset ecosystem security, anti-money laundering for digital assets, cutting-edge security technology research, and other technology fields. The goal of the partnership is “to explore and develop comprehensive security standards and… Read More

Middle East: Open Banking Platform Tarabut Gateway, Rain to Streamline Cryptocurrency Payments in MENA Region

This is notably the first ‘directly integrated’ open banking API in MENA’s crypto sector. The collaboration will allow Rain customers in Bahrain “to quickly and easily top-up their crypto wallets via bank transfer through the Rain app.” Tarabut Gateway, which claims to be one of… Read More

Digital Assets: Binance to Suspend Sterling Transfers, as Paysafe Backtracks

Binance now again faces being pushed out of the larger financial services sector after the crypto exchange confirmed that it was being told to suspend deposits and withdrawals made in pound sterling (GBP). The digital currency exchange, which has been facing increasing regulatory pressure, stated… Read More

Prove Identity, Crypto Exchange Bitstamp USA to Strengthen Security, Compliance

Prove Identity, Inc., which claims to be the leader in digital identity, announced a partnership with Bitstamp, the “longest-running” cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process. ‍Prove will enable Bitstamp US users “to streamline account… Read More

Binance Introduces Prepaid Cryptocurrency Card in Colombia

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More

Bybit, Talos to Expand Digital Assets Trading for Institutional Clients

Bybit, the world’s “third most” visited crypto exchange, has announced a dynamic partnership with Talos, the institutional digital asset trading technology provider. The integration “combines the power of Talos’s robust trade infrastructure solutions with Bybit’s access to a wide array of digital assets and best-in-market… Read More

Mastercard, Visa Suspend Crypto-related Business Plans, Following Collapse of FTX, Others: Report

Payment firms Visa (NYSE: V) and Mastercard (NYSE: MA) are reportedly taking a step back from forming new partnerships with cryptocurrency-focused companies. This, after the collapse of major businesses operating in the nascent industry. As first reported by Reuters, the crypto-assets sector experienced somewhat of… Read More

NYDFS Enhances Virtual Currency Fraud Detection Capabilities

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris recently announced that the Department has “enhanced its ability to detect fraud and other illegal activity among New York State-regulated entities engaged in virtual currency activity through new insider trading and market manipulation… Read More

Reliance Retail, Innoviti Technologies, ICICI Bank, Kotak Mahindra Bank to Enable Acceptance of Digital Rupee

Innoviti Technologies in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank announced the launch of in-store acceptance of retail payments via Digital Rupee – Retail [e₹-R]. After being the first to introduce dynamic QR based in-store UPI payments, Reliance Retail, in continuance of… Read More

Hong Kong: HKMA Shares Conclusion of Discussion Paper on Crypto-Assets and Stablecoins

The Hong Kong Monetary Authority (HKMA) issued the consultation conclusion to the discussion paper on crypto-assets and stablecoins (the “Consultation Conclusion”), summarizing the feedback “received in relation to the paper and the HKMA’s response.” In the Consultation Conclusion, the HKMA proposes “to bring certain activities… Read More

Cost of Living-linked Digital Currency Launches on Ethereum Scaling Solution, Arbitrum

The Nuon Protocol has announced the launch of its mainnet for the NUON flatcoin: the world’s “first” cryptocurrency “linked to an unbiased cost of living index.” Decentralized and overcollateralized, Nuon will “go live on the leading Ethereum scaling solution, Arbitrum.” The concept of a flatcoin “has… Read More

Bitcoin to Ethereum Bridge: tBTC Minting Live in Partnership with Aave, Yearn.Finance, Others

Threshold Network, a provider of cryptography services to unlock greater utility of digital assets, announced the launch of tBTC, the industry’s “only” decentralized, permissionless, and scalable Bitcoin-to-Ethereum bridge. The launch will “allow users to wrap their BTC in exchange for tBTC tokens that can be… Read More

HSBC Is Looking for Digital Asset, Tokenization Professionals

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and… Read More

Saudi Central Bank (SAMA) Announces Licensing of Finance Firms Focused on Debt-based Crowdfunding

The Saudi Central Bank (SAMA) announced the licensing of two finance companies that are “specialized in debt-based crowdfunding, namely: Forus and Tameed.” The licenses were “granted to the companies after successful testing of their solutions in SAMA’s Regulatory Sandbox; an experimental environment dedicated to innovative… Read More

Venture-Based Money Laundering in Web3 Becoming a Serious Threat: Report

Criminals have always found efficient ways “to launder the proceeds of their crimes and avoid increasingly stringent anti-money laundering regulations,” according to an update from CertiK. One such technique, uncovered by CertiK, poses “a direct threat to Web3 projects.” Criminal organizations are using this scheme… Read More

Visa Lists Alchemy Pay as Official Service Provider

The Alchemy Pay team is pleased to announce that Visa has listed Alchemy Pay as an Official Service Provider. Alchemy Pay has been “added as part of Visa’s Third Party Agent (TPA) Program and can be found listed as Alchemy GPS here.” This is “a… Read More

Digital Assets: Gemini Adds Support for Cosmos (ATOM)

Digital asset firm Gemini says it’s pleased to announce support for Cosmos (ATOM), adding a new blockchain to Gemini’s growing list of supported networks. ATOM is now “available for deposits on Gemini.” Trading for ATOM will follow, “opening first on our API/FIX and ActiveTrader applications… Read More

Financial Privacy focused Crypto Protocol Beam Shares Key Updates from Past Year

Beam celebrated its 4th anniversary on January 3rd 2023. During that time, Beam claims it has “cemented its place as the top confidential cryptocurrency in terms of features, stability and confidentiality, constantly evolving and improving in all categories.” Launched in 2019, Beam is described as… Read More

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