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HashKey Capital Singapore Secures Capital Markets Services License From MAS
19.12.2023
The firm follows crypto exchange DigiFT, which received a CMS license last month
Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules
18.12.2023
Revolut has responded to the UK’s FCA crypto regulation changes by halting crypto purchases for Revolut Business users. Image by Armands photography, Adobe Stock. London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users...
Metaverse Firm Improbable Offloads Gaming Subsidiary to Keywords for $96.8 Million
18.12.2023
Source: Pixabay Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million. The SoftBank-backed metaverse company said in its annual statement published today that it had completed the sale of its games services subsidiary...
Revolut to Suspend UK Crypto Services Citing FCA's New Ad Rules: CityAM
18.12.2023
Many crypto firms have had to withdraw their services to adjust to the FCA's promotions rules, which came into effect in October
Tether Confirms Extensive Collaboration With DOJ, FBI and Secret Service
18.12.2023
Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer...
Tether CEO Details Partnership with FBI and Secret Service in Letter to Legislators
17.12.2023
Source: Unsplash Tether, the company responsible for the USDT stablecoin, has made public letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, underscoring its dedication to security and close cooperation with...
First Trust Submits ‘Buffer’ Crypto ETF to SEC as Gensler Reconsiders Approach
15.12.2023
Image Source: iStock Illinois-based financial services firm First Trust has formally submitted Form N1-A to the US Securities and Exchange Commission (SEC), notifying the agency of its intentions to launch a crypto-backed exchange-traded fund (ETF). According to the prospectus submitted to the...
Twitch Allows 'Artistic Nudity,' Immediately Regrets It
15.12.2023
Streaming platform Twitch recently announced a change to its sexual content policies that allowed some forms of fictionalized nudity—such as digital characters, sculptures, or drawings—as long as it was properly labeled. But now, just a few days later, it’s rolling back these changes and...
Market Spotlight: The Emerging Challenger Set to Outpace Shiba Inu and PEPE in the Meme Coin Realm
15.12.2023
TLDR Shiba Inu (SHIB) network activity is on the rise due to the popularity of its Shibarium services. PEPE’s market capitalization is also on an impressive increase. NuggetRush’s (NUGX) mining adventure has generated high interest after its 30% presale growth. Demand for Shiba Inu’s (SHIB) layer-2...
Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets
15.12.2023
Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin...
Adam Back Says ‘Suck That Truthoors’ as Cantor Fitzgerald CEO Reveals Company Holds Tether’s Treasuries
15.12.2023
Howard Lutnick, CEO of Cantor Fitzgerald, a Wall Street private financial services company, has recently confirmed that they lent their services to Tether, the issuer of the biggest stablecoin in the cryptocurrency market. On CNBC’s Money Movers, Lutnick stated that he was a fan of Tether...
NFT-Focused Line Next Secures $140 Million Investment in Funding Round Led by Peter Thiel-Sponsored Firm
14.12.2023
Line Next, a subsidiary of Line Corporation, said on Dec. 13 that it has secured a $140 million investment in a funding round led by the Peter Thiel-sponsored Crescendo Equity Partners. Line Next has said it will use the capital raised to fund the expansion of its global business and develop...
South Korea to Prioritize Innovation in Next Phase of Crypto Regulations
14.12.2023
Source: Pexels South Korea’s authorities have expressed a commitment to balance investor protection with fostering technological innovation in next phase of crypto regulations. Kim So-young, Vice Chairman of the Financial Services Commission, emphasized the need for regulations to strike this...
Market Analysts Identify Hidden Potential in a Lesser-Known AI Crypto – Time to Buy?
13.12.2023
Launchpad XYZ’s presale traction proves investors have an appetite for its AI crypto trading tools and services. Image by Kerem Goktug Kaya, DALL-E 3. With nearly 9,000 different cryptocurrencies in existence, identifying promising projects with upside potential can seem like finding...
Report: South African Financial Institutions Will Soon Offer Services Related to Cryptocurrencies
13.12.2023
About 73 applicants who are seeking a license to offer crypto products in South Africa are already registered as accountable institutions with the Financial Intelligence Centre, an executive at the crypto exchange Luno has said. According to the Luno executive, this may be an indication that...
World’s Largest Oil Company Saudi Aramco Partners With SBI Holdings to Potentially Invest in Digital Assets
13.12.2023
Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. SBI also contemplates the launch of a subsidiary in the Middle East to expand its influence in...
KuCoin to Shutter Services in New York After $22 Million Settlement Package – Here’s the Latest
12.12.2023
Source: Pexels The KuCoin crypto exchange is set to shutter its operations in the ‘Big Apple’ following an agreement with the Supreme Court of the State of New York County. Besides restricting access to its platform for New York residents, KuCoin has agreed to pay a $5.3 million fine...
Japan’s SBI Holdings and Saudi Aramco Explore Joint Digital Asset Ventures
12.12.2023
Source: Adobe Stock Japanese financial services firm SBI Holdings announced last Thursday that it has signed a memorandum of understanding (MOU) with oil giant Saudi Aramco for potential collaboration on digital asset investing. According to the document, SBI’s agreement with the state-owned...
Enis Bushati to Lead NIZA: Pioneering the Financial and Cryptocurrency Convergence
12.12.2023
Announcement of a momentous financial technology advancement under the direction of Enis Bushati. NIZA, a progressive and forward-thinking initiative, is positioned to revolutionise the financial sector by integrating conventional banking and cryptocurrency services onto a single platform....
China to Verify Citizens' Identities With New Blockchain-Based Platform
12.12.2023
The announcement follows a government rule change to require social media influencers to display their real names