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Deutsche Bank reportedly applies for digital asset custody license with BaFin
20.6.2023
Germany’s banking industry is slowly warming up to the crypto industry with multiple partnerships and crypto services in 2023 after a long cautious approach
Crypto investment products experience outflows for 9th consecutive week
19.6.2023
Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon
Floxypay Aims to Empower its Community Through Native Token Launch
19.6.2023
PRESS RELEASE. Floxypay, the leading one-stop solution for cryptocurrency enthusiasts, is excited to announce the launch of its native ERC20 token, FXY. As the backbone of the Floxypay ecosystem, FXY brings a new level of convenience, profitability, and security to users navigating the digital...
Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit
17.6.2023
The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s register of digital asset service providers. Binance...
SEC and Binance.US strike a temporary agreement on asset access
17.6.2023
Proposed measures include restricting Binance Holdings officials' access to private keys and disclosing business expenses
Russia to Trial Digital Asset Settlements in Foreign Trade
17.6.2023
Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...
EU’s new crypto law: How MiCA can make Europe a digital asset hub
14.6.2023
MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
14.6.2023
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group
House Financial Services Chair Wants To Vote on Digital Asset Bill Next Month
14.6.2023
US House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.
The draft legislation in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as a security or a commodity...
Crypto fund outflows reach $417M over 8 weeks as investor caution persists
12.6.2023
According to CoinShares, digital asset investment product outflows amounted to $88 million last week
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....
BitGo Announces Landmark Deal to Acquire Crypto Custodian Prime Trust
9.6.2023
BitGo Holdings Inc., the renowned digital asset trust and security company, has revealed plans to acquire 100% of the equity of Prime Core Technologies, Inc., the parent company of Prime Trust.
The development marks a watershed moment for the Prime Trust clients, positioning them to enjoy business...
Biggest Bank in Australia to Limit Transfers to Crypto Exchanges
9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...
Asset Manager Schroders in Search of Crypto Custodian for Digital Asset Push
8.6.2023
Schroders Plc, an asset management firm with over $900 billion in assets under management, is venturing into crypto and is actively searching for a third-party custodian to support its digital asset expansion.
According to a recent Bloomberg report that cited “people with knowledge of the matter,”...
SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says
8.6.2023
The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest digital asset exchange to leave the United States....
Republican crypto bill a ‘10x improvement’ on all others: Messari CEO
8.6.2023
Speaking in a Twitter Space hosted by Coinbase on June 7, Ryan Selkis praised the new crypto bill for providing new firms with a clear path to compliance
XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome
5.6.2023
Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and year-to-date, this digital currency has increased by 35% against the U.S....
Bitcoin Interest Hits Rock Bottom: Google Trends Data Shows Lowest Score in 7 Months
5.6.2023
According to Google Trends, worldwide interest surrounding the term “bitcoin” has plummeted to its lowest point since October 2022, registering a mere 17 out of 100. The active interest for the term has taken a nosedive since June 2022, when the search query for bitcoin reached...
Dollar-Based Stablecoins to Strengthen Greenback, CZ Says, Thinks DeSantis ‘Is Great’
4.6.2023
The regulatory environment in the U.S. doesn’t look good for crypto but the United States has the potential to lead again, according to Binance CEO Changpeng Zhao (CZ). The founder of the world’s largest digital asset exchange is convinced stablecoins can increase use cases for the U.S. dollar...
House Republican Leaders Release Discussion Draft To Draw Clear Lines on Digital Asset Definitions
2.6.2023
Republican lawmakers teamed up in the US House Financial Services Committee and the House Agriculture Committee on a discussion draft to regulate digital assets.
The legislation, released on Friday, seeks clarity on when a digital asset would be considered a security and thereby regulated by...