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FCA reiterates power to 'suspend or cancel' crypto firms' registrations following Bifinity concerns
7.3.2022
Certain individuals and entities that are part of the Binance Group may now be considered “beneficial owners” of Digivault following the Bifinity and Eqonex partnership
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
6.3.2022
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response...
UK financial watchdog is investigating 50 unauthorized crypto firms
3.3.2022
The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams."
Russian Consumers, Firms Feeling Impact of Sanctions as Ruble Keeps Diving
2.3.2022
Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated.
The ruble fell once again today and, at the time of writing, is worth around USD 0.0090, or 26% less than on the day of the invasion of Ukraine (February...
Cardano-Powered Flickto Looks to Be the Solution to Today’s Unfair Media Landscape and Aims to Become the Pioneer of DeMe
1.3.2022
PRESS RELEASE. Media firms should often be open source and controlled by stakeholders like consumers, artists, and their intermediaries. Decentralized Media’s (DeMe) goal is to build open-source platforms that allow individuals to gain ownership over their data and the media projects that...
Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report
28.2.2022
SEC enforcement director Gurbir Grewal reportedly said the agency wouldn't be ignoring the funds or securities laws violations for crypto companies that come to them
LABEL Foundation Debuts on Top Digital Asset Exchange in South Korea
25.2.2022
PRESS RELEASE. LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnered equity capital from two significant investment...
First Mover Asia: India Crypto Firms, Regulators Continue Their Regulatory Debate; Bitcoin Recovers From a Post-Invasion Freefall
25.2.2022
Indian crypto industry and government officials have continued to discuss possible changes to regulations announced earlier this month; bitcoin returns to its perch above $38,000
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
24.2.2022
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto...
EU members reportedly plan for AML watchdog to oversee crypto firms by 2024
23.2.2022
"It is key that the scope of the new EU authority explicitly includes crypto-assets," said Luis Garicano, a member of the European Parliament
Security firms are making it more difficult for scammers to get away with DeFi project hacks
23.2.2022
While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices
Germany-Led Group Wants a New EU Watchdog to Regulate Crypto Firms
23.2.2022
The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to "people familiar with the matter." The designed authority is to be launched in 2024 and become fully operational...
UK Law Firm Gunnercooke Says It Now Accepts Crypto Payments
22.2.2022
U.K. law firm, Gunnercooke, claims to be one of the first major law firms in the country to accept crypto payments. Crypto Asset Payments A United Kingdom-based commercial law firm, Gunnercooke, has become the latest practice to accept cryptocurrency as payment for services, a report has said....
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
17.2.2022
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with...
US-based crypto firms join forces for travel rule compliance
16.2.2022
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement
SEC Scrutinizing Crypto Exchange Binance US — Chair Gensler Stresses ‘Basic Investor Protection’
16.2.2022
The U.S. Securities and Exchange Commission (SEC) is reportedly scrutinizing the U.S. arm of cryptocurrency exchange Binance over trading firms with links to Binance CEO Changpeng Zhao. SEC Chairman Gary Gensler emphasizes the need for “basic investor protection” in the crypto space....
Animoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund
15.2.2022
The blockchain firm Animoca Brands announced the company has partnered with the venture accelerator Brinc in order to launch a play-to-earn (P2E) Guild Accelerator Program. Both firms plan to dedicate $30 million over the next two years toward early-stage startups focused on expanding the global...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Volatile Following Super Bowl
14.2.2022
Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth...
Farmville Creator Zynga to Launch NFT Games, Says Gaming Firm’s Blockchain Lead
11.2.2022
American social game developer Zynga has plans to launch non-fungible token (NFT) games in the near future. Zynga’s vice president of blockchain, ​​Matt Wolf, told the press that the company is looking at the cycle right now and “figuring out where we want to jump...
Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned
10.2.2022
Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs...