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The Top 5 Crypto Sectors Driving the Market in October 2024
3.10.2024
As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, there’s been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange...
Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’
2.10.2024
An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal information, and then stole nearly $38 million...
Kasikornbank to Launch Thailand’s First Licensed Digital Asset Custodian
2.10.2024
Kasikornbank Financial Conglomerate, a Thai banking giant, has said it plans to launch the country’s first licensed digital asset custodian. The service, called Orbix Custodian, is licensed by the Finance Ministry and supervised by the securities regulator. Kasikornbank is currently testing...
Binance ‘fully available’ in Argentina after VASP registration
1.10.2024
Binance becomes fully operational in Argentina after securing registration with the country’s securities regulator.
Ripple Secures DFSA Approval, Expands Services in UAE
1.10.2024
Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA), allowing it to expand its cross-border…
Japan to Review Crypto Regulations, Potentially Easing Tax Burden
1.10.2024
Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying...
Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil
1.10.2024
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets...
Crypto Services Provider Matrixport Buys Crypto Finance's Asset Management Unit
30.9.2024
Crypto Finance AG has been renamed as Matrixport Asset Management AG (MAM)
Bybit Expands in CIS Region With Kazakhstan License for Crypto Services
28.9.2024
Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset trading and crypto loans, while emphasizing...
Twitch Is Transforming Into A Home For Political Commentary And Caroline Kwan Is Leading The Charge
27.9.2024
Caroline Kwan is tired, but you can’t tell. The political fundraiser turned actor turned Twitch streamer is sitting across from me in a TwitchCon meeting room on the last day of the convention, wearing a pink boilersuit and sneakers, her hair pulled back off her face, looking clear-eyed and alert....
BNY Mellon Engages With Banking Regulators to Offer Crypto Custody Services ‘at Scale’
27.9.2024
BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative...
Wall Street’s Guggenheim Treasury tokenizes $20M paper on Ethereum
26.9.2024
According to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum network.
Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services
26.9.2024
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides...
Lightning Wallet Osmo Brings Financial Services to Puerto Rico
26.9.2024
Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment...
Russian Expert Discusses End of Internet Anonymity With Passport-Based Access
26.9.2024
A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to disclose user data during rule violation investigations...
Terraform Labs may close products, services in bankruptcy wind-down
25.9.2024
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with
Terraform Labs may close products, services in bankruptcy wind-down
25.9.2024
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with
Ugandan Fintech Firm Gets Funding From Dutch Impact Investor
25.9.2024
Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says...
MoneyGram admits ‘cybersecurity issue’ behind dayslong outage
25.9.2024
MoneyGram’s services have been offline since Sept. 20, with the firm confirming the outage is due to a cybersecurity incident three days later
MoneyGram admits ‘cybersecurity issue’ behind several-day outage
25.9.2024
MoneyGram’s services have been offline since Sept. 20, with the firm confirming three days later that the outage was due to a cybersecurity incident