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Bank of China Completes First Precious Metal Digital Yuan Settlement
22.12.2023
The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The transaction, finalized on December 19, allowed the Shanghai Gold Exchange to close a $14 million precious metal trade after receiving the funds overseas, according to local...
Galaxy Digital Seeking to Score Deals From Defunct Cryptocurrency Companies
22.12.2023
Galaxy Digital, a digital assets and blockchain financial services company, is seeking to score deals with defunct cryptocurrency companies to acquire their assets. According to reports, the company is eyeing FTX’s venture capital portfolio, which has a sizable stake in artificial...
Circle Obtains Conditional Registration in France, Names Operations Leader
22.12.2023
Source: AdobeStock Stablecoin issuer Circle has secured conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority (AMF). We have achieved a significant early milestone in establishing our European regulatory platform by securing a conditional...
Coinbase Expands Into France With Acquisition of VASP License Ahead of MiCA
21.12.2023
Source: Pixabay Coinbase has received regulatory approval from France’s Financial Markets Authority to conduct business as a digital asset trading venue. According to a CNBC report published on Tuesday, Coinbase has secured a virtual asset service provider (VASP) license from the Financial Markets...
Phantom Expands Web3 Wallet to Embrace Bitcoin, Ordinals, and BRC20 Tokens Amid Soaring Demand
21.12.2023
Phantom, the Web3 cryptocurrency wallet initially developed for Solana, has expanded to include Ethereum and Polygon, and is now introducing support for Bitcoin, Ordinal inscriptions, and BRC20 tokens. Users of Phantom have the ability to integrate their existing bitcoin wallets, allowing them...
Dogecoin Price Prediction as DOGE Falls Below $0.10 – Time to Buy the Dip?
21.12.2023
Dogecoin (DOGE/USD), a standout in the volatile realm of cryptocurrencies, is once again in the spotlight as it dips below the $0.10 mark. Trading around $0.09150 on December 21, with an impressive 24-hour trading volume of approximately $513.76 million, the meme-inspired digital currency has seen...
Stablecoin Issuer Circle Conditionally Registered for Digital Asset Services in France
21.12.2023
France has been encouraging crypto companies to set up shop within its borders and take advantage of the clearer industry regulation than in the U.S
UAE Authority Updates Anti-Money Laundering Measures to Implement FATF’s Travel Rule
21.12.2023
Image Source: Diana/Adobe Stock The Financial Services Regulatory Authority (FSRA), a financial regulatory body in the United Arab Emirates, has released an updated version of its Anti-Money Laundering (AML) and sanctions rules specifically tailored for digital assets. In an official announcement...
Matrixport Expects a $50,000 Bitcoin Price Within Weeks – Here’s Why
21.12.2023
Source: Pixabay Digital asset financial service platform, Matrixport projects a $50,000 Bitcoin (BTC) price towards the end of January 2024 as the market expects an approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC). In a recent report, the firm noted they expect an...
Circle Informs Clients of IRS Inquiry Into $20K Annual Transactions
21.12.2023
Numerous advocates of digital currencies report that Circle Internet Financial has been reaching out to its clients about a summons received from the Internal Revenue Service (IRS). Circle has stated that it is obliged to submit records concerning U.S. taxpayers who have engaged in transactions...
Solana, Avax, Helium Led Digital Assets Gains This Year. What's Next?
21.12.2023
What to watch for in 2024, according to market analysts
Better Market CEO Points to Crypto Market Abuses as Reasons for FDIC Rule Amendment
21.12.2023
Source: Pixabay / tombark Better Market CEO lambasts frequent market abuses and false advertising strategies of digital asset firms as a major reason for the Federal Deposit Insurance Corporation’s (FDIC) rule change to protect investors. In a Dec 20 press release, the CEO reacted to the official...
Tackling NFT Theft With the Three Address Protocol
21.12.2023
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...
Vladimir Putin's Signature Brings Digital Ruble Into Russia's Tax Code
21.12.2023
Russia's digital ruble has been integrated into the nation's tax code after its President Vladimir Putin signed the move into law
Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal
21.12.2023
Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...
Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto
21.12.2023
A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than...
Putin Green-lights Russian Digital Ruble Tax Law
21.12.2023
Source: chase4concept/Adobe Russian President Vladimir Putin has signed off on a law that will see the digital ruble incorporated into the nation’s tax code. Per Telesputnik, the new law sees terms like “digital ruble” and “digital ruble wallet” added to the code. The law also allows bailiffs...
Revolut Unlocks Crypto Trading in New Zealand, Expanding Fintech’s Offerings with 100+ Pairs
20.12.2023
Revolut’s New Zealand users can now trade major cryptocurrencies like Bitcoin through the Revolut app and access educational resources. Image by boumenjapet, Adobe Stock. London-based fintech firm Revolut has launched cryptocurrency trading services in New Zealand. Starting today, customers...
Bitcoin Price Prediction as Trading Volume Spikes by 40% – Are Investors Gearing Up for a Major Move?
20.12.2023
As the digital currency market pulsates with energy, Bitcoin price prediction takes the spotlight, riding on a remarkable 40% surge in trading volume. This burgeoning activity begs the question – is the investment community bracing for a seismic shift in Bitcoin’s trajectory? Amidst...
UK to Cooperate With Crypto Industry on Legislation for Digital Securities
20.12.2023
The government said its plans for a digital securities sandbox (DSS) were largely welcomed by respondents