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China’s AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update
1.2.2024
As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to include stringent measures against cryptocurrency-related transactions. This revision, the first since 2007, aims to plug the legal gaps exploited in the burgeoning world...
Russian Banking Association Launches ‘Digital Assets Council’
1.2.2024
Russia’s biggest securities and banking association has launched a “council” for the self-regulation of “digital assets.” Per RBC and an official National Association of Stock Market Participants (NAUFOR) announcement, the NAUFOR’s Board of Directors created the council on January 30. NAUFOR is...
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
31.1.2024
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnormal transaction detection systems, which assist...
Spot Ethereum ETF Approval Expected May 23rd and Could Surge in Value, New Report Says
30.1.2024
The United States Securities and Exchange Commission (SEC) is looking to approve spot Ethereum ETFs by May 23rd of this year, a January 30 report revealed. A Positive Outlook The Block’s report stems from Standard Chartered Bank – a London-based, multinational bank in which its head...
What Lies Ahead for Crypto Now That the Fabled Bitcoin ETF Is Here? — Calaxy CEO Solo Ceesay
30.1.2024
It finally happened. Well into the second decade of the digital assets revolution, we’ve finally witnessed the approval of the highly anticipated spot Bitcoin ETF. Dubbed by Michael Saylor as “the biggest Wall Street development in the last 30 years”, the launch of the spot Bitcoin ETF is...
As Crypto Market Recovers, Scammers Target Exchange Token Listings
30.1.2024
Exchange listing scams have resurfaced as scammers exploit the growing interest in digital assets amid the recent market recovery. As part of these schemes, scammers impersonate industry insiders and exchange representatives to deceive unsuspecting individuals and extort payments for token...
Rep. French Hill Voices Optimism for Crypto Legislation Progress in 2024
30.1.2024
U.S. House Representative and Financial Services Subcommittee on Digital Assets Chair French Hill (R-AR) has voiced optimism about the progress of cryptocurrency legislation in 2024. During an event hosted by the Foundation for Defense of Democracies on Jan. 29, Hill discussed the crypto...
Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline
29.1.2024
Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...
Armored Truck Giant Brink’s Partners With Bitgo
26.1.2024
Brink’s, the company famous for its armored cash trucks, has invested in Bitgo. This partnership paves the way for Brink’s and Bitgo to rapidly evolve in the digital asset industry. Brink’s Dives Deeper Into Digital Assets With Strategic Bitgo Investment Brink’s, the famous...
Sygnum Bank Surpasses $40 Million in Strategic Funding Round
26.1.2024
Sygnum Bank has outperformed its funding expectations in a strategic growth round. The company’s focus now shifts to global expansion and further development of its regulated digital asset products. Sygnum Surges Past Funding Goals, Reaching $900 Million Valuation in Latest Round Digital...
Bitcoin Price Prediction: Rises to $40,125 Amid Tesla’s $184M Holding and GBTC Stability
26.1.2024
In the realm of cryptocurrency, Bitcoin’s price prediction continues to draw attention as the digital currency experiences a modest increase, trading at $40,125, up by 0.30%. This surge aligns with significant developments in the crypto landscape. Notably, Tesla’s latest financial...
Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
26.1.2024
The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its business prospects....
Tesla Maintains Bitcoin Holdings — $184M in Digital Assets Shown on Balance Sheet
26.1.2024
Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s balance sheet for Q4 2023 shows net digital assets of $184 million. Musk is convinced that in the long term, Tesla will be the most valuable company on earth. The billionaire recently disclosed...
Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets
26.1.2024
The Swiss financial markets regulator has granted the digital asset infrastructure firm Taurus the approval which allows its retail users to “create an account and trade digital assets and tokenized securities.” Besides receiving the FINMA approval, Taurus said it will be admitting...
Austria’s RLB NÖ-Wien Bank Allows Crypto Trading Using Bitpanda Tech
25.1.2024
Austrian cooperative bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is allowing clients to trade digital assets using their banking apps using Bitpanda infrastructure starting from today. Bitpanda says that a large traditional bank such as RLB NÖ-Wien embracing digital assets is...
Bakkt Crypto Trading Expands Footprint in LatAm and Southeast Asia
25.1.2024
Bakkt Holdings, crypto trading and custody platform, announced the expansion of its crypto operations in several crypto-friendly international jurisdictions. The digital assets solutions firm has established crypto trading and onramp capabilities in Brazil and Guatemala, adding to Bakkt’s existing...
IRS Revises Digital Asset Question on Tax Forms
25.1.2024
The Internal Revenue Service (IRS) has revised the question about digital assets included on income tax forms. Moreover, the tax authority has added the question to four additional tax forms. “The question must be answered by all taxpayers, not just by those who engaged in a transaction...
Canadian Court Rules Government’s Freeze of Protester’s Crypto Donations Unconstitutional
24.1.2024
The Canadian Government’s decision to freeze digital assets and crypto donations toward protesting truckers in 2022 was deemed unconstitutional by the Canadian Federal Court. The Federal Court ruled against the government’s decision to freeze financial assets including digital assets...
Goldman’s Digital Assets Chief Bets on Spot Ether ETFs Getting the Thumbs Up
24.1.2024
Mathew McDermott, Goldman Sachs’ digital assets head, said Tuesday he anticipates approval of spot Ether ETFs in the coming months. During a CNBC interview, McDermott said a major factor in the approval decision hinges on whether ether is classified as a security. “A big question naturally...
Maxine Waters Questions Meta’s Digital Asset Ambitions
23.1.2024
Maxine Waters has sent a probing letter to Meta, querying the tech giant’s recent spate of trademark applications related to digital assets and blockchain technology. Maxine Waters Suspects Meta’s Renewed Interest in Digital Assets Through Trademark Filings Maxine Waters, the ranking...