Tagged: virtual currency

Fireblocks Appoints Ex- NYDFS Crypto Regulator Peter Marton and Cryptographer Chaitanya Reddy Konda to Lead Compliance Initiatives

Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, announces the appointments of Peter Marton, former Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYDFS), and cryptographer, Chaitanya Reddy Konda, who “designed… Read More

North America Leads in Global Crypto Usage, But Stablecoin Activity Shifts Away from US Services – Report

North America is the largest cryptocurrency market, according to Chainalysis. Chainalysis reveals hat the region has “an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023.” That total now “represents 24.4% of global transaction activity during the time period studied.” Most… Read More

Coinbase Strengthens Business Operations in Benelux and Nordic Region

Following the announcement of Ireland as our MiCA entity location, Coinbase (NASDAQ:COIN) are pleased to announce that they are strengthening our presence in Benelux and the Nordics, a key market for Coinbase. This move underscores Coinbase‘s increased commitment to continental Europe. Elke Karskens will reportedly… Read More

Self-Custody of Digital Assets: Ledger CTO Explains How Their Devices Help with Securing Bitcoin Holdings

Charles Guillemet, CTO at Ledger, recently went over various options to implement Bitcoin governance strategies at the institutional level. As explained in a blog post, Ledger devices are extremely useful “for letting users self-custody their Bitcoin.”  Guillemet also comments on what might be useful if… Read More

Binance Expands “Freedom of Money” for European Clients with EUR Fiat Partnerships

Binance has reportedly signed several agreements with new fiat partners for EUR payments, deposits, and withdrawals. According to a blog post from Binance, Users are already migrating to these new services. As explained in the announcement, fiat channels are an important factor in “driving crypto… Read More

Gemini Remains Focused on Serving UK Market and Compliance with Financial Promotions Rules

On 8 October 2023, the FCA Financial Promotions Regime brought into effect new rules around qualifying cryptoassets. These rules set out new standards for financial promotions of cryptoassets and “apply to firms offering these products to UK consumers.” Since inception, Gemini claims it has “been… Read More

Latin America: Crypto Adoption in Venezuela and Argentina Is Example of Technology’s Unique Value Proposition – Report

Latin America has the seventh-largest crypto economy of all regions Chainalysis studies. it is not far behind MENA, Eastern Asia, and Eastern Europe. Its position compared to other regions has “held relatively steady over the last two years.” Latin America shows the highest preference “for… Read More

Crypto.com Is Reportedly Compliant with the UK FCA’s Updated Rules for Digital Assets

Crypto.com says it’s compliant with the UK Financial Conduct Authority’s (FCA) new rules that went into effect on October 8th. UK customers continue to have uninterrupted access to Crypto.com’s products and services. Crypto.com says it’s “deeply committed to developing their platform and presence in the UK… Read More

Digital Asset Platform Gemini Marks 8th Year of Business Operations, Comments on Key Milestones

The crypto ecosystem faced significant challenges this year, the team at Gemini noted in a recent update. Despite the various headwinds, talented individuals across all our teams “have continued to build every day during the bear market,” Gemini claims. As they mark Gemini’s 8th anniversary,… Read More

Digital Assets Report: China and Hong Kong Show Unique Breakdowns in Most-Used Crypto Platform Types

Hong Kong sees a larger share of transaction volume “coming in large institutional transactions of $10 million or more compared to other countries in the region — notably mainland China,” according to an update from Chainalysis. On the other end of the spectrum is South… Read More

Digital Asset Firm Kraken to Acquire Dutch Crypto Broker BCM

Kraken is pleased to announce their planned acquisition of Coin Meester B.V. (BCM) in the Netherlands. The deal highlights our commitment “to growing their business in Europe by leveraging our strong financial position and highly competitive product offering.” Founded in 2017, BCM claims it is… Read More

Blockchain Infrastructure Adoption, Ethereum L2 Networks, 2024 Bitcoin Halving Are Potential Crypto Market Drivers – Report

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Coin Metrics has provided a data-driven look at the most “important” developments that have significantly impacted the digital assets industry from Q3 2023. With Q3 in the books, Coin Metrics reflects on the notable developments and trends shaping digital asset markets as we transition “into… Read More

Gemini Announces Key Update for Institutional Clients, Will Focus on Building Crypto-Native Solutions

Digital asset firm Gemini is pleased to unveil the new Gemini Institutional website, showcasing the breadth of crypto-native solutions available to Gemini’s institutional customers. Gemini‘s commitment to being “a secure and regulated onramp to crypto for institutions goes beyond just providing a best-in-class crypto trading… Read More

Bitcoin (BTC) Surges As Upcoming Two Quarters Hold Potential to Become Catalysts for Digital Assets Market, Analysis Claims

The Bitcoin (BTC) price is finally surging and the digital assets markets looks like its beginning to heat up again. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International, has shared key insights with CI regarding the latest… Read More

Institutional Investors Expect Bitcoin (BTC) to Sustain Strong Performance for Rest of the Year – Report

According to research by London-based Nickel Digital Asset Management, Europe’s regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan, institutional investors “are confident Bitcoin and Ethereum will sustain their strong performance for the rest of this year.” The… Read More

A US Government Shutdown Could Significantly Impact Bitcoin (BTC), Ethereum (ETH), Broader Financial Markets – Report

As of late, financial markets have been gripped with the reality that the US government may be headed toward a shutdown due to Congress’s “inability to pass the federal appropriations bill for the upcoming fiscal year, which begins on October 1st,” the team at NYDIG… Read More

MENA Region Crypto Report: UAE Leads the Way in Supporting Regulatory Clarity for Digital Assets

The MENA region reportedly has the sixth largest crypto economy of any region studied this year, “with an estimated $389.8 billion in on-chain value received between July 2022 and June 2023,” according to an update from Chainalysis. Chainalysis also mentioned that this “represents nearly 7.2%… Read More

Chase UK’s Crypto Ban Will Not Prevent Fraudulent Activities, Scams, CoinCover CEO Claims

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

Coinbase Encourages 52M Crypto Holders to Advocate for Change, Focused on Supporting Financial Inclusion

Nearly nine in ten Americans believe it is time to update the financial system, but progress is being slowed “by resistance of those in power who embrace the status quo: outdated systems that limit economic freedom and opportunity for everyday Americans,” according to an updatre… Read More

Digital Assets: Solana (SOL) Staking Made Accessible via WalletConnect Support from Blockdaemon

Blockdaemon has added WalletConnect support for Solana, a blockchain known for its speed and cost-effectiveness. WalletConnect is described as being “a secure protocol that simplifies blockchain interactions by eliminating the need for private keys or passwords, enhancing both security and user experience.” Users are now… Read More

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