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Crypto Billionaire’s Nonprofit Acquires $500M Worth of AI Chips for Generative AI
1.11.2023
Crypto billionaire Jed McCaleb, known as a co-founder major crypto companies like Stellar, Ripple, and Mt Gox, has launched a nonprofit with a mission to empower the development of generative AI. This nonprofit, registered in the US as a 501(c)(3) organization, recently purchased 24,000 Nvidia H100...
California Enacts Digital Financial Assets Law
26.10.2023
On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this...
Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal
19.10.2023
New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied about...
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
Dutch Crypto Companies Score Legal Win in Fight Against $2.3M Supervision Bill
5.10.2023
The Dutch central bank shouldn’t have made Binance successor Coinmerce and others pay for their money laundering registration, a Rotterdam court said
Did You Know About These Crypto Airdrops in October?
1.10.2023
As markets continue to move sideways, crypto companies are trying to increase user engagement through airdrops. Among them are some well-known names in the space as well as new projects searching for their place. They all seek to arouse interest in digital money and their own products with...
Leading Crypto Companies Band Together to Advocate for Regulatory Clarity in Texas
12.9.2023
In an effort to promote regulatory clarity in the cryptocurrency industry, several prominent crypto and blockchain companies have joined forces to establish the Crypto Freedom Alliance of Texas.
The alliance, comprised of a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital,...
Crypto companies form Texas blockchain group to advocate for clear regulations
12.9.2023
a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm joined to advocate for clear regulations
North Korea Hackers Continue to Target Crypto Platforms: UN Report
13.8.2023
Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons programs, will be included in a U.N. report which is...
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
Explore El Salvador: Gofaizen & Sherle Launches New Crypto License Service
1.8.2023
PRESS RELEASE. Tallinn, July 31 – Gofaizen and Sherle, the leading Estonian crypto and fintech consultancy, proudly announces the launch of its latest product in El Salvador. The innovative service offers crypto companies and startup owners worldwide a comprehensive and streamlined solution...
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
31.7.2023
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts
Crypto companies raise $44M for Web3 & Blockchain scalers
31.7.2023
Some crypto companies, put together, have managed to raise for themselves the amount of $44 million in funding. However, Hi seems to have beaten them all by managing to acquire funding from Animoca Brands to the tune of $30 million. In the case of Hi, it is known to have an entire array of products...
MoneyExpo India 2023: Showcasing the future of finance with fintech and crypto companies
28.7.2023
Mumbai, India – August 12 to 13, MoneyExpo India 2023, the most anticipated finance event of the year, is proud to announce the participation of cutting-edge Fintech and Crypto companies. With just two weeks left until the event commences at the prestigious Jio Convention Centre in Mumbai, India...
8 ways crypto companies can improve their financial compliance in the US
25.7.2023
Absent clear, comprehensive regulatory guidance in the U.S., crypto companies would be wise to shore up their accounting systems
Bitcoin, Ethereum Technical Analysis: Bitcoin Hits 14-Month High, Following Ripple Ruling
14.7.2023
Bitcoin rose towards the $32,000 mark late on Thursday, as markets reacted to the news that a U.S. judge ruled that XRP was “not necessarily a security on its face.” The ruling was well received by the crypto world, and raised optimism that other crypto companies who are currently...
Why Crypto Companies Are Warming to the United Arab Emirates
13.7.2023
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
'Get Ready to Comply' - UK Regulator's Message to Crypto Companies
5.7.2023
The United Kingdom's Financial Conduct Authority (FCA) has issued a warning to all crypto asset firms operating in the country, reminding them to ensure marketing compliance by the October deadline.
According to a letter dated July 4, the FCA has stated that starting from October 8, crypto...
Crypto Companies in Japan Get Tax Relief Under Revised Rules
26.6.2023
The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan...