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Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust

13.9.2023
A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said

21co Unwraps New Suite of Wrapped Cryptocurrencies

12.9.2023
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...

Surge in Digital Asset Management: Study Shows Nearly 50% of Asset Managers Now Handle Crypto

8.9.2023
Close to half of asset managers currently have digital assets under management, according to a new study. Firms large and small are implementing crypto strategies for clients and expanding offerings. Asset Managers Embrace Crypto: 48% Now Manage Digital Assets The study by digital currency data...

Ripple Acquires Crypto Financial Services Company Fortress Trust

8.9.2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple...

Decentralized Infura launch within months, Web2 cloud giants may join: Consensys

8.9.2023
Decentralized Infura will consist of Infura and a decentralized market of other third-party data providers

Crypto Infrastructure Provider Qredo Slashes Staff, Cuts Annual Expenses by 35% – Bear Market Continues?

5.9.2023
Crypto infrastructure provider Qredo has announced plans to reduce staff and expenses as it navigates the challenges posed by the ongoing bear market. Qredo has let go of approximately 50 employees, including several senior executives, according to three sources familiar with the matter. Among...

Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong

31.8.2023
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step...

Crypto Exchange EDX Markets Taps Anchorage as Custody Provider

22.8.2023
Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year

Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges

21.8.2023
Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21...

Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

16.8.2023
Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday

Mining service provider faces $100M lawsuit over pyramid scheme allegations in China

15.8.2023
Prosecutors alleged that the executives of a Filecoin mining project orchestrated an elaborate pyramid scheme and scammed the participants

FedNow showcases DLT-powered payments system as service provider

14.8.2023
The Federal Reserve wrote that they do not support or endorse any showcase providers that are featured on its website

Binance Expands Global Reach — Becomes Fully Licensed Crypto Exchange in El Salvador

10.8.2023
Binance has become a fully licensed cryptocurrency exchange in El Salvador, having obtained two licenses: a Bitcoin Services Provider license (BSP) and a Digital Assets Services Provider license (DASP). According to the company, Binance now has approvals and registrations in 18 markets worldwide....

Blockchain.com scores payment license from Singapore central bank

8.8.2023
The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions

Crypto․com Granted Registration Approval in the Netherlands

30.7.2023
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform...

Bitcoin Bulls Should Switch to Call Options, Crypto Services Provider Matrixport Says

28.7.2023
Lower volatility has made option prices cheaper, Matrixport's Markus Thielen said

Ethereum Infrastructure Provider Flashbots Raises $60 Million in Series B Funding – Crypto Bull Market Back?

26.7.2023
Ethereum (ETH) infrastructure provider Flashbots has raised $60 million in its Series B funding round, signaling a potential resurgence in the crypto bull market. The funding round was led by Paradigm, a San Francisco-based technology investment firm, according to a July 21 filing with...