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British Fintech Revolut Granted Crypto License in Cyprus
18.8.2022
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services...
Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons
18.8.2022
A Chinese state-owned commercial bank is set to pilot a digital yuan-powered “smart contract solution” that allows elementary school parents to pay for their children’s education using the e-CNY....
Read More: Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons
European Central Bank addresses guidance on licensing of digital assets
17.8.2022
Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies
Mark Zuckerberg's Soulless Metaverse Avatar Has Me Worried About Our Digital Future
17.8.2022
“Metaverse” is a buzzword that has become quite popular in the last two years. Fortnite is a metaverse. Web3 and blockchain will help power the metaverse. Maybe cows will even be a part of it? However, nobody seems more invested in shaping our collective notion of what the metaverse is than Meta...
Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App + More News
17.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App...
Binance assures users after 3rd-party glitch briefly halted withdrawals
17.8.2022
The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning
NFL Franchise Houston Texans to Accept Cryptocurrencies for Single Game Suites
17.8.2022
The professional American football team the Houston Texans revealed that it has entered an exclusive partnership with the company Bitwallet. The deal will give Houston Texans fans the ability to purchase single game suites with cryptocurrencies. Bitwallet Becomes the ‘Official Digital...
Colombia to prevent tax evasion with national digital currency: Report
17.8.2022
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said
Nasdaq-Listed Eqonex Closing Crypto Exchange Due to High Competition, Fallen Volumes
17.8.2022
The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and fallen volumes as key reasons for shutting down its exchange. Eqonex Closing Crypto Exchange Eqonex Ltd. (Nasdaq: EQOS), a digital asset financial...
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan
17.8.2022
Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central...
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion
17.8.2022
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also be accompanied by restrictions on cash payments...
Citigroup Furthers Crypto Push With Two Digital-Asset Hires
16.8.2022
Wall Street continues to hire for digital asset roles despite the lingering crypto bear market
Bitcoin Miner Stronghold Digital In Debt Restructuring Negotiations With Lenders
16.8.2022
Stronghold Digital Mining had repeatedly delayed its earnings release
Bank of China unveils new e-CNY smart contract test program for school education
16.8.2022
Under the pilot test, parents could enroll their children in after-school vocation programs via smart contracts
BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple's and SBI Remit's New Project, No-Deals + More News
16.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple's and SBI Remit's New Project...
Crypto Investment Firm Digital Currency Group Registers Executive as Lobbyist
16.8.2022
The move suggests DCG will be getting more involved in lobbying efforts in the future
Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing
16.8.2022
Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure...
Russian Banks to ‘Start Handling Digital Ruble by 2024’
16.8.2022
A Russian central bank digital currency (CBDC) could be around the corner, with commercial banks in the country now being told by the central bank to prepare to handle a digital ruble within the next two years.
According to a document dated August 11 and issued by the Bank of Russia –...
BitGo to sue Galaxy Digital for $100M over dropped acquisition
15.8.2022
"Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more," said R. Brian Timmons
Exit stage left — Eqonex to close crypto exchange after two years
15.8.2022
The firm said it would also move its principal business and several people from management from Hong Kong to the United Kingdom