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Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’
6.7.2023
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent...
Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down
6.7.2023
According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be fined or closed down, Unathi Kamlana, the Financial...
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
US reportedly plans to restrict China’s access to cloud computing services
5.7.2023
Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...
Thailand Joins Singapore in Banning Crypto Lending Services
4.7.2023
Amid increased global scrutiny on crypto exchanges, Thailand joins Singapore among Southeast Asian countries to ban retail lending and staking services.
The Thai Securities and Exchanges Commission announced a ban stopping crypto exchanges from offering lending and staking services to retail...
Voyager Creditors Charged $5.1 Million for Legal Services Between March-May
4.7.2023
A crypto platform Voyager filed for bankruptcy a year ago, in July 2022, due to substantial losses caused by the bear market and the collapse of the Terra blockchain.
In the aftermath, the company’s creditors requested the return of their assets. However, the legal fees kept stacking, leading...
Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk Warnings
4.7.2023
According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug. 30, 2023, digital asset business operators will...
South Korea Passes Crypto Bill for User Protection
3.7.2023
The bill marks the country's first step towards a digital asset legal framework
Bitcoin’s Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed
1.7.2023
On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology...
Only Up! Pulled From Steam After Becoming A Twitch Sensation
1.7.2023
Only Up!, a not-so-endless runner that recently took off on Twitch, has been inexplicably removed from Steam with no warning, but there’s reason to believe it might’ve been removed due to a copyright dispute with an artist claiming the game uses one of their assets.Read more
Video Games And TikTok Are To Blame For French Riots, Says Prez
30.6.2023
French President Emmanuel Macron has a few theories as to why riots have spread across France in the wake of the fatal police shooting of a 17-year-old delivery driver: TikTok, Snapchat, and video games, mostly.Read more
Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes
29.6.2023
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators...
Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
29.6.2023
The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020
Swiss Private Bank Julius Baer Targets Dubai for Expansion of Crypto Wealth Services
29.6.2023
Swiss private banking giant Julius Baer Group, that began offering Bitcoin and other crypto services to wealthy clients in May last year, is now expanding its crypto presence in Dubai.
Jonathan Hayes, the bank’s head of crypto development, told Bloomberg that the United Arab Emirates (UAE) is...
Tokenization Is Likely to Transform Infrastructure and Financial Markets: Bank of America
29.6.2023
Implementation of blockchain technology will accelerate as the opportunity cost of uncaptured efficiencies increases, the report said
Tether signs MoU with Georgia to develop Bitcoin P2P infrastructure
28.6.2023
The alliance intends to bring a change to the public administration and the business sector
Fortnite Twitch Streamer Shaves Head For $2,500 Only To Have It Taken Back
28.6.2023
A Fortnite streamer recently shaved his entire head, eyebrows included, for a big $2,500 donation from a viewer that wound up taking the money back.Read more
New exchange EDX reportedly switching out Paxos' custody services for Anchorage's
27.6.2023
The new exchange does not custody customer funds itself to avoid conflict of interest – and a hot-button issue with the SEC
NEAR Foundation and Alibaba Cloud to offer three key services
27.6.2023
NEAR Foundation has announced that it is partnering with Alibaba Cloud to roll out three key services. These are RPC between developers and users, multi-chain data indexing, and collaboration on tools. Calling this a major milestone, the announcement sheds light on how both partners bring important...