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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...

Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On

29.7.2023
Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince...

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...

Global Crypto ATM Resurgence: Net Growth Rebounds After Initial 2023 Slump

26.7.2023
In the wake of over 5,000 crypto ATMs being taken out of service during the initial four months of 2023, the past four months have witnessed a resurgence in global crypto ATM installations. Crypto ATM Landscape Rebounds After Downturn Ever since the debut of the first bitcoin ATM in Vancouver...

Namibia signs crypto exchange regulation bill into law

26.7.2023
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance

Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?

26.7.2023
Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing. Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank,...

Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE

25.7.2023
Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets, Reuters reported

Diablo IV’s Stingy Battle Pass Won’t Let You Afford Even A Single Item

24.7.2023
Like many battle passes for live-service games, Diablo IV lets you earn some of its premium currency as you grind your way through each of the tiers. And while fans might be ready to take the pass’s sweet 666 platinum to their wallets, they certainly won’t be taking it to the in-game shop,...

Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service

24.7.2023
The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC).... Read More: Fresh Speculation Arises as US Federal Reserve Debuts...

Openai Announces Chatgpt App for Android Devices

23.7.2023
Artificial intelligence (AI) research lab Openai announced it’s launching an Android version of its Chatgpt chatbot. The application, which will be available for download next week, comes after recent updates of Google’s Bard and a report revealing that Apple is working on its own chatbot service....

Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard

21.7.2023
The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions across the country to support the widespread...

Fed Launches New Instant Payment FedNow Service – Does This Undermine Crypto’s Use Case?

20.7.2023
The US Federal Reserve announced on Thursday that its long-awaited FedNow Service has gone live. According to a post on the Fed’s website, "banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of...

Fed Dramatically Speeds Up U.S. Payments With 'FedNow' Service, but Downplays Any Tie to CBDCs

20.7.2023
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar

FedNow Service has no relation with CBDCs, Federal Reserve clarifies

20.7.2023
The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023

Nasdaq Abandons Crypto Custody Service Amid U.S. Regulatory Challenges

20.7.2023
Nasdaq has scrapped plans for a cryptocurrency custody service amid recent regulatory challenges. During an earnings call on Wednesday, Nasdaq CEO Adena Friedman said the company has chosen to abandon its plans due to the changing business and regulatory landscape in the United States.... Read...

Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment

19.7.2023
Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch...

Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe

19.7.2023
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms. New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. ...