Tagged: virtual currencies

CBDCs: Pakistan Is Reportedly Exploring the Feasibility of Launching a Digital Currency

Pakistan’s Finance Minister Muhammad Aurangzeb recently stated that the nation’s government is looking into integrating digital currency transactions within the Asian country’s financial ecosystem. While addressing attendees at the World Economic Forum (WEF) special meeting held in in Riyadh, Minister Aurangzeb commented on Pakistan‘s efforts… Read More

Digital Money Adoption: Stablecoins and CBDCs Are Key Innovations in Cross-Border Payments Sector – Report

Digital payments are becoming the cornerstone of the cross-border, international digital money transfer and remittances market “with numerous disruptor MTOs (Money Transfer Operators) making strong progress,” the Juniper Research team noted. Juniper Research has explained that cross-border transfer has evolved from being “solely a sphere… Read More

425 Million Consumers Own Crypto and 83% of G20 Nations Are Working on Regulatory Guidelines for Digital Assets – Report

Cryptocurrency isn’t just here to stay – it’s the “future of money,” according to an update from Coinbase (NASDAQ:COIN). The largest crypto exchange in the US has outlined the status of digital assets while predicting a bullish future for crypto. Even in the aftermath of… Read More

Hong Kong: SFC Warns Against LonShiX and Bitbank Financial Holding Group for Suspected Virtual Asset-related Fraud

The Securities and Futures Commission (SFC) in Hong Kong warned the public to beware of entities operating under the names of “LonShiX” and “Bitbank (Global) Financial Holding Group,” suspected of “engaging in fraudulent activities purporting to be related to virtual assets.” The SFC notes that… Read More

Bitcoin Core 26.0 Now Live, Ushering in an Updated Version of the Digital Asset – Report

This past week saw the release of Bitcoin Core 26.0, ushering in a new version of “Bitcoin,” the team at NYDIG noted. While the Bitcoin ecosystem at large consists of numerous pieces of software that interoperate (wallets, mining software, Lightning, alternative implementations of Bitcoin written… Read More

Tether Announces Initiative to Support Stablecoin Education in Thailand

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand’s cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume). This collaboration aims to launch “a… Read More

IBM Introduces Cold Storage Solution for Digital Assets

IBM is announcing IBM Hyper Protect Offline Signing Orchestrator (OSO)—a new technology to help deploy cold storage solutions for digital assets, and the latest addition to its confidential computing portfolio. OSO is designed to “address limitations of current cold storage offerings for digital assets, including… Read More

Digital Assets: Netcoins Reports Steady Growth as Crypto Market Recovers

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins as well as Netcoins USA (Netcoins.com), the online crypto trading platform that makes it easy for North Americans to buy, sell, and stake cryptocurrency, is pleased to “update investors on its recent trading and platform performance… Read More

Institutional Crypto Adoption and Sentiment Remain Strong Amid Current Market Cycle – Coinbase Survey

Institutional adoption and sentiment remain strong amid the current crypto cycle, according to an Institutional Investor survey of 250 institutional investors. In the survey, commissioned by Coinbase (NASDAQ:COIN) institutional investors “demonstrated their resilience and expressed optimism about crypto’s role in the future.” Sentiment improved dramatically… Read More

CertiK Hack Analysis: API Private Key Compromise Led to Kronos Research Losing $26M

On 18 November 2023, Kronos Research announced, via social media platform X, that unauthorized access to their API resulted in “a loss of approximately $26 million.” As noted in an update shared by CertiK, the incident “isn’t a typical private key compromise which often refers… Read More

Eurasian Bank, Mastercard to Launch CBDC Linked Digital Tenge Debit Card

At the XI Congress of Financiers of Kazakhstan, a new central bank digital currency (CBDC)-linked debit card – the Digital Tenge Card – was presented. As a part of the 30th anniversary celebration of the national currency, the first payment transaction was “made at the… Read More

NYDFS Superintendent Adopts Regulatory Guidance Regarding Listing of Digital Currencies

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris issued guidance which adopts enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities, “updating the prior framework issued by the Department in 2020.” Superintendent Harris stated: “This guidance continues the… Read More

Paxos Obtains In Principle Approval from MAS for New Entity, Will Issue USD-Backed Stablecoin in Singapore

Singapore at Night Marina Bay

Paxos, the regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. Paxos Digital Singapore will issue “a new US dollar… Read More

Bitpanda Technology Solutions Integrates with stock3, Enabling Secure Access to Digital Assets

With Bitpanda Technology Solutions, the development team helps clients with unlocking financial potential in an ever-evolving digital world. Bitpanda is pleased to announce their latest collaboration: an integration with stock3 that enables them “to meet their users growing demand for safe and secure access to… Read More

Digital Assets: Kraken Introduces VASP Services in Belgium

Kraken has launched VASP services in Belgium, utilising its EU subsidiary, which has registered under the VASP regimes in Ireland, Spain and Italy. This launch reinforces Kraken’s ongoing commitment “to upholding Europe’s robust anti-money laundering and compliance standards. And further underscores Kraken’s dedication to advancing… Read More

Digital Assets Derivatives Trading Available via Gemini Mobile App

At Gemini, they claim to be dedicated to delivering the “best possible” crypto trading experience for their users. Gemini says it is pleased to unveil “an important update to our derivatives trading ecosystem: mobile app trading.” In August, Gemini had unveiled the ability “to view… Read More

Cryptocurrency Lending Platform Hodlnaut Reportedly Ordered to Wind Down Operations and Repay 17,000 Clients

Cryptocurrency lender Hodlnaut has started its liquidation in Singapore. As widely reported, Hodlnaut is to be liquidated in Singapore following a failed attempt to restructure the firm’s business operations. The company reportedly lost funds during the Terra/Luna collapse and the demise of FTX in late… Read More

Digital Assets: Copper and BitGo to Combine Settlement Networks

BitGo, a digital asset custodian, and Copper, a firm focused on institutional digital asset infrastructure, announce their partnership in order “to expand their existing off-exchange settlement networks.” This partnership between BitGo’s Go Network and Copper’s ClearLoop facilitates the global growth of institutional market participation “as… Read More

Stablecoin Adoption: FCA and Bank of England Release Proposals for Regulating Stablecoins

The Financial Conduct Authority (FCA) and the Bank of England are requesting feedback on their proposed approach to regulating stablecoins. The Bank’s proposals cover “any payment systems in the future that use stablecoins in the UK at systemic scale.” Stablecoins are a new type of… Read More

PayPal Now Registered to Provide Digital Asset Services in the UK

PayPal (NASDAQ:PYPL) has reportedly been registered to provide crypto-asset services in the UK. This, according to the UK Financial Conduct Authority’s (FCA) update posted on its website. The news comes as the international payments firm builds a post-Brexit base in the country. Although the cryptocurrency… Read More

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