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House Financial Services Committee Votes In Favor of Resolution to Overturn SEC’s SAB 121
1.3.2024
The House Financial Services Committee voted on Thursday to proceed with a resolution that would “reverse” the United States Securities and Exchange Commission’s (SEC) controversial digital asset accounting bulletin, SAB 121, which critics claim has "serious ramifications" for the banking...
Portofino Technologies Obtains FCA’s Approval to Offer Crypto Services
28.2.2024
Portofino Technologies has announced that its UK entity received the regulatory permit to act as a registered crypto asset firm.
The post Portofino Technologies Obtains FCA’s Approval to Offer Crypto Services appeared first on Cryptonews
Japan Positioned as Global Leader in Compliant Crypto Payments, Says Report
28.2.2024
Japan is a global leader in compliant crypto payment services, according to a report published today by independent finance news outlet FinanceFeeds. The conclusion comes off the back of an announcement by Japanese Web3 payments app Slash that it has facilitated a total of more than $10,000,000...
Kraken Launches Institutional Services Division to Compete for Bitcoin ETF Market Share
28.2.2024
Kraken has unveiled a new division dedicated to providing services to institutional clients as it seeks to gain a foothold in the Bitcoin exchange-traded fund (ETF) market.
The post Kraken Launches Institutional Services Division to Compete for Bitcoin ETF Market Share appeared first on Cryptonews
Bitcoin-Focused Payments App Strike Rolls Out Services to Africa
27.2.2024
Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday
Crypto.com Partners With Latin America’s Largest Investment Banker To Advance Crypto Banking Services
27.2.2024
In a press release published on February 27, the exchange announced it had joined forces with BTG Pactual, the biggest investment banker in LatAm.
The post Crypto.com Partners With Latin America’s Largest Investment Banker To Advance Crypto Banking Services appeared first on Cryptonews
Spain’s Regulator Flags 3 Crypto Firms Over Unregistered Status
27.2.2024
Spain’s financial regulator warned investors of 18 companies offering services in the country despite registration issues.
The post Spain’s Regulator Flags 3 Crypto Firms Over Unregistered Status appeared first on Cryptonews
Blueberry DeFi Protocol Suspends Lending Services After $1.3M Exploit
23.2.2024
In an X post published on February 23, the Blueberry Protocol Foundation announced that it was currently experiencing an “ongoing exploit” and recommended users to withdraw their funds from Blueberry lending markets while the foundation worked on halting the protocol.
The post Blueberry DeFi...
Crypto Cashback Programs Mature to Drive Accessibility and Financial Inclusion
23.2.2024
A recent report published by Bitcoin financial services provider Unchained found that 55% of 400 U.S. investors surveyed own Bitcoin. Findings further note that 34% of those surveyed think Bitcoin will be the best-performing asset in 2024 in comparison to gold, the S&P 500,...
Study: Blockchain Investment Leads in Performance Among Cybersecurity Startups
23.2.2024
A new study put together by Swiss researchers has declared blockchain the best performer in cybersecurity startups, beating out heavyweight fields like Artificial Intelligence and cloud services for the top spot. The study, titled “Measuring the performance of investments in information...
Gauntlet Ends Risk Management Role with Aave Citing ‘Inconsistent Guidelines’
22.2.2024
Gauntlet co-founder John Morrow has announced to discontinue the risk management services for Aave, attributing the decision to unclear guidelines and objectives from the DAO.
The post Gauntlet Ends Risk Management Role with Aave Citing ‘Inconsistent Guidelines’ appeared first...
Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Binance to Discontinue Leveraged Token Trading and Subscription Services
19.2.2024
Binance has announced the end of support for leveraged token trading and subscription services. The move leaves investors seeking alternative leveraged trading options within the crypto exchange. Binance is shifting focus, launching USDC-margined ORDI Perpetual Contracts on its Futures...
Revolut To Roll Out “Invite-Only” Crypto Exchange
16.2.2024
Banking services provider Revolut is set to debut a new “invite-only” crypto exchange, according to a February 16 report. A U.K.-based customer email confirmed by CoinDesk stated that Revolut is launching a new crypto exchange with advanced traders in mind. Revolut’s ‘Standalone’...
Swell to join Chainlink BUILD for Oracle services and support
16.2.2024
Swell is set to join the Chainlink BUILD program to enjoy access to Chainlink’s technical support and Oracle services. The announcement was shared on the official X/Twitter account of Chainlink. The tweet read that the integration will support the use and security of liquid staking. Swell will make...
Citi Innovates with Avalanche Blockchain to Tokenize Private Equity Funds
15.2.2024
Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for...
U.S. Treasury Backtracks on Claims of Hamas Using Crypto for Terrorism Financing
15.2.2024
The US Treasury’s Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, confirmed in a testimony before the House Financial Services Committee that the media and Washington lawmakers exaggerated earlier reports of Hamas using crypto to fund terrorist activities....
U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism
14.2.2024
Just after Hamas' terrorist attacks in Israel last year, crypto took blame for helping fund such brutal killing. While the prominent media reports were later bashed by cryptocurrency experts, the U.S. Department of the Treasury's top official on terrorism financing confirmed to lawmakers...
Japan’s FSA Urges Tighter Scrutiny on Crypto Transfers, Citing Risk of Unlawful Activity
14.2.2024
Japan’s leading financial regulator, the Financial Services Agency (FSA), is urging institutions to place tighter scrutiny on crypto transfers, according to an official note published today. The joint note by the FSA and the country’s National Police Agency (NPA) refers to a high number...
Japanese Financial Regulator Proposes Stricter Measures For P2P Crypto Transactions
14.2.2024
Japan’s principal financial regulator has unveiled a series of proposed measures that could negatively impact the peer-to-peer (P2P) transactions market. In a Wednesday announcement, the Financial Services Agency (FSA) issued a formal request to Japanese banks, noting that a high number...