Tagged: virtual currency

November 15, 2023 @ 5:14 pm By Omar Faridi  |  

European Union rules and guidelines for protecting the financial system from risks due to cryptocurrency transactions reportedly come with a loophole that enables banking institutions to circumvent certain safeguards, and these must be addressed immediately, according to the European Central Bank‘s chief supervisor Andrea Enria…. Read More

November 14, 2023 @ 8:36 pm By Omar Faridi  |  

Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) License “for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA).” Crypto.com’s VASP License is “subject to the Company fully satisfying select… Read More

November 11, 2023 @ 8:44 am By Omar Faridi  |  

Ripple CEO Brad Garlinghouse recently shared his views regarding the US Securities and Exchange Commission’s (SEC) approach to regulating crypto and blockchain firms. Garlinghouse reportedly told CNBC during the Fintech firm’s Ripple Swell conference, held in Dubai, that he believes the SEC has actually lost… Read More

November 10, 2023 @ 8:23 am By Omar Faridi  |  

Anneke Kosse, Marc Glowka, Ilaria Mattei, and Tara Rice have examined in a new paper whether stablecoins do actually live up to their name and whether they serve as a reliable means of payment and store of value. Senior Economist Anneke Kosse attempts to address… Read More

November 9, 2023 @ 1:17 pm By Omar Faridi  |  

Solidus Labs, the crypto-native integrity solutions provider, announced that it has partnered with Amber Group, a provider of digital wealth management and crypto liquidity solutions. The collaboration aims to integrate HALO, Solidus’ comprehensive crypto-native trade surveillance and market integrity hub, “into Amber Group’s platform to… Read More

November 6, 2023 @ 12:48 pm By Omar Faridi  |  

The partnership will see the National Bank of Georgia and Ripple jointly plan the execution and delivery of the pilot program using the Ripple CBDC Platform. The National Bank of Georgia (NBG) has chosen Ripple, the enterprise blockchain and crypto solutions provider, as the official… Read More

November 5, 2023 @ 10:33 am By Omar Faridi  |  

Bitfinex announces that it has resolved a minor information security incident, discovered earlier this week. A “small” portion of Bitfinex‘s customer support boards, which “held partial, incomplete and stale information was accessed by an individual or group, through the phishing of a customer support agent… Read More

November 5, 2023 @ 9:28 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), a firm focused on supporting and securing the Bitcoin ecosystem, has entered into an agreement with Nodal Power, a company that develops and operates renewable energy assets, “specifically in the biogas space, to launch a 280 kW Bitcoin mining pilot… Read More

November 4, 2023 @ 2:10 pm By Omar Faridi  |  

On November 3, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian national Ekaterina Zhdanova for using cryptocurrency “to launder money on behalf of Russian elites, ransomware groups, and other bad actors.” Chainalysis has examined the three Bitcoin… Read More

November 4, 2023 @ 10:54 am By Omar Faridi  |  

DZ BANK has launched a new platform for the processing and custody of digital financial instruments. This makes the leading cooperative institution one of the first credit institutions “to launch such an offer for institutional customers based on blockchain technology.” With a volume of over… Read More

November 3, 2023 @ 8:02 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) reports that Q3 was a strong quarter for the digital asset firm. In a letter addressed to Coinbase shareholders, the firm says that amid multi-year low levels of volatility, they are pleased with their financial results. Although the company has generated a net… Read More

October 30, 2023 @ 8:41 am By Omar Faridi  |  

Bitcoin Suisse, the Swiss crypto-finance technology pioneer, announced the integration of MATIC, the primary token of the Polygon ecosystem, into its custodial staking services. Bitcoin Suisse’s expanded Polygon offerings now encompass custodial staking, trading, and custody solutions for MATIC. Staking entries are accessible with “a… Read More

October 25, 2023 @ 12:29 pm By Omar Faridi  |  

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

October 24, 2023 @ 11:18 pm By Omar Faridi  |  

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

October 24, 2023 @ 1:40 pm By Omar Faridi  |  

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

October 23, 2023 @ 8:36 pm By Omar Faridi  |  

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

October 20, 2023 @ 10:08 pm By Omar Faridi  |  

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

October 20, 2023 @ 8:42 am By Omar Faridi  |  

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

October 16, 2023 @ 11:23 pm By Omar Faridi  |  

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

October 10, 2023 @ 8:55 am By Omar Faridi  |  

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