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Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
11.2.2021
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto...
UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks
10.2.2021
A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert...
South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China
10.2.2021
A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations. Final Certificate of Incorporation Granted...
Leading Malaysian Bank Goes Bitcoin, Snaps up 19% Stake in Crypto Exchange
9.2.2021
Kuala Lumpur, the capital of Malaysia. Malaysia’s top independent investment bank, the Kenanga Investment Bank, has announced that it has acquired a 19% stake in the domestic crypto exchange Tokenize Xchange. The trading platform is one of just three in the country to have received a digital asset...
Average Crypto Trading Fees 2020 – Cryptowisser Finds Industry Leaders Still Have Higher Fees
9.2.2021
PRESS RELEASE. Cryptowisser, who operates the world’s largest crypto exchange list, has published the second installment of its quarterly empirical report on trading fees among cryptocurrency exchanges. The 2020 Q4 report analyzes 350 different exchanges and is the biggest of its kind, giving...
Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related Activities
9.2.2021
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved...
Apple Should Launch Own Crypto Exchange, RBC Analyst Says
8.2.2021
Analysts at the largest bank in Canada noted that after PayPal and Square’s crypto offerings, the market for tech firms creating crypto wallets has already been validated
Major Malaysian financial firm to invest in regulated crypto exchange
8.2.2021
Malaysian financial services firm Kenanga Investment Bank Berhad is getting into digital assets
Central Bank of Nigeria bans banks from servicing crypto exchanges
5.2.2021
Nigeria's central bank has prohibited commercial banks from providing account services to crypto exchanges
African Hip Hop Artist Davido ‘Thinking of Starting a Bitcoin Trading Company’
5.2.2021
Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. Senegalese singer Akon...
Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle
4.2.2021
Research by Bitflyer released today indicates the growing popularity of the cryptocurrency as an American household investment option. But not in Japan. Stocks Remain the #1 Investment Vehicle Bitflyer, a Japanese crypto exchange, released a research paper that dives into cryptocurrency sentiment...
KuCoin CEO says insurance covered 16% of losses from $285M hack in 2020
3.2.2021
KuCoin users were unaffected by the $285 million hack of 2020 as insurance funds covered the remaining losses from the incident
Polish crypto exchange employee in induced coma after armed attack
3.2.2021
On Jan. 22, an attacker shot two employees at a cryptocurrency and gold exchange in the Polish city of Olsztyn, escaping with over $120,000 in gold
Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company
3.2.2021
Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu
Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering
2.2.2021
Gemini’s new interest-earning program allows customers to earn interest on more than 30 crypto assets supported by the platform
US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail
2.2.2021
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between...
Unlicensed crypto exchange operator faces 25 years for laundering $13m
2.2.2021
A California resident is expected to plead guilty to charges of operating an unlicensed exchange and laundering more than $13 million
Rockstar and Kiss Bassist Gene Simmons Tells Fans He Bought Bitcoin and Other Cryptocurrencies
1.2.2021
In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin,...
Coinbase Opts out of IPO Routine, Chooses Popular Direct Listing Route
30.1.2021
The San Francisco-based cryptocurrency exchange Coinbase recently announced the company plans to do a direct listing, as opposed to following the initial public offering (IPO) route. The decision means that Coinbase can float its shares on an exchange without hiring a financial institution...
Crypto Exchange Operator Affiliate to Launch Blockchain Genome Platform
30.1.2021
An affiliate of the Japanese crypto player and securities giant Monex Group is set to make use of a new blockchain technology-based platform as part of an ambitious genome research project.
Per a press release, Genex, a Tokyo-based startup founded last year that is 40% owned by Monex, is looking...