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South Korean Tech Giants Naver, Kakao Aim to Launch Token in June
1.5.2024
The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June.
The post South Korean Tech Giants Naver, Kakao Aim to Launch Token in June appeared first on Cryptonews
South Africa Gears up to Issue First Batch of FSP Licenses to Crypto Providers
26.1.2024
South Africa is reportedly preparing to issue the first batch of financial services provider (FSP) licences to crypto service providers. Gerhard van Deventer, head of enforcement at South Africa’s Financial Sector Conduct Authority (FSCA), confirmed the move speaking at a podcast on Moneyweb...
Bitboy Ben Armstrong Arrested During Live Stream Over Stolen Lambo
26.9.2023
Crypto influencer Ben ‘Bitboy’ Armstrong has been reportedly arrested while livestreaming his attempt to confront a former business partner. Excerpts from the Youtube video released on social media show him explaining to police the reasons for his deed, including the alleged theft of...
Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
20.3.2023
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...
Crypto firm Juno urges users to withdraw after 'uncertainty' with custody partner
5.1.2023
Juno recommended users pull their funds from the platform amid "uncertainty" over the fate of its crypto custody provider Wyre
Binance CEO: We Don’t See a Viable Business in India
21.11.2022
Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.” Binance’s CEO on Indian...
Over 12,000 Brazil companies declare crypto holdings in record high
10.10.2022
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded
Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors
20.9.2022
Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors. Nasdaq Establishes Crypto...
Another Rough Quarter Awaits in Q3, Coinbase Warns After Bruising Financial Results
10.8.2022
The crypto exchange giant Coinbase is putting a positive spin on another quarter of sub-par results – and its CEO Brian Armstrong has stated that “across price cycles,” the exchange is still trending upward. But the firm appears braced for another rocky ride in the coming third quarter of FY2022....
Our Company Survived a Crypto Winter and Will Do It Again: Here’s Our Survival Guide for Crypto Businesses
23.7.2022
Sergey Vasylchuk is the Co-founder & CEO of the staking provider Everstake.
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Crypto winter, recession, or bear market are just a few of quite numerous monikers that the media uses to describe the current situation....
Read More: Our Company Survived a Crypto Winter and Will Do It Again:...
Crypto Firms Flock to Dubai for Regulatory Clarity as UAE Cleans Its ‘Grey’ Reputation
5.6.2022
If you’re in the crypto industry, it seems that Dubai is the place to be right now. Not only is the most populated city in the UAE and one of the world’s biggest tourist hotspots, but it has recently seen an influx of crypto firms looking to establish a regional (or global) base, including...
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody
2.6.2022
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained....
Swinburne Uni brings Web3 firms to class
27.5.2022
The industry will be able to “tap into future talent” as the partnership sees Judo Bank and Web3 firm Banxa and co-creating content, hosting lectures, providing case studies and even giving students access to their networks
Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
16.5.2022
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
19.4.2022
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry
How the Crypto Industry is Increasingly Paying Its Share of Tax
10.4.2022
Crypto is now a billion-dollar industry. While reports covering the entire sector are patchy and overly conservative, filings from individual companies speak to the growing scale of crypto, with Coinbase and Blockchain.com alone generating USD 7.35bn and USD 1.5bn in revenue in 2021...
The future of work: Companies open offices in the metaverse
9.3.2022
From online meetings to product demonstrations, companies have been using the metaverse to bring their businesses to the digital world
Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters
9.3.2022
Soon after getting stuck in the city, crypto entrepreneur Ilman Shazhaev says he realized that Dubai is the best place to conduct international business
Two Texans Use Flare Gas to Net USD 4M on Bitcoin Mining, Plan USD 20M in 2022
14.2.2022
Two Texan 23-year-olds have use an alternative way to mine Bitcoin (BTC), using flare gas from oil drilling, generating USD 4m in revenue last year, and eyeing USD 20m by the end of 2022....
Read More: Two Texans Use Flare Gas to Net USD 4M on Bitcoin Mining, Plan USD 20M in 2022