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London Stock Exchange may provide clearing services for BTC derivatives starting in Q4
13.4.2023
LCH SA will team up with the FCA-regulated GFO-X trading venue to create a centrally cleared, regulated trading environment
Universal Music Group tells streaming services to block AI-generated music
13.4.2023
Amid the current influx of AI-generated content, Universal Music Group told music streaming platforms like Spotify and Apple Music to block any AI-generated music
SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense
13.4.2023
The SEC filed a letter to further support its motion for summary judgment against Ripple Labs, citing a separate court case it had recently won
Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada
12.4.2023
Paxos, whose businesses include crypto brokerage and stablecoin issuance, is exiting the Canadian market, effective June 2, according to a posting on its website
Chinese authorities to enforce security reviews for AI services
11.4.2023
China intends to introduce a new security review mandate for all generative AI services prior to operation as new chatbots like ChatGPT continue to surface
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
11.4.2023
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will...
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
9.4.2023
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward...
Decentralized exchange dYdX announces 'winding down' of services for Canadian users
7.4.2023
“We hope that the regulatory climate in Canada will change over time to allow us to resume services in the country," said the exchange
Rendering Videos – a Fast, Reliable and Low Cost Service From GAIMIN
7.4.2023
GAIMIN has launched video rendering into the services provided by gaimin.cloud, GAIMIN’s decentralised, distributed data processing network. GAIMIN’s video rendering service is a lower cost service providing a faster turnaround time whilst spreading the data processing energy consumption footprint...
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services
7.4.2023
Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum...
New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’
7.4.2023
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured...
North Korea and criminals are using DeFi services for money laundering — US Treasury
6.4.2023
Despite the warnings on DeFi, Treasury noted that "most money laundering, terrorist financing, and proliferation financing" occurred using fiat or outside the crypto ecosystem
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
5.4.2023
The firm said it continues to invest in and grow its asset management business
NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'
5.4.2023
Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”
Paxful shutdown hits Nigeria harder than the rest of the world, here’s why
5.4.2023
Paxful’s shutdown has left its global community heartbroken, but it has significantly impacted the Nigerian community, where it pioneered P2P crypto use
Google Cloud to Offer Workshops, Cloud Computing Services for Builders on Celo
4.4.2023
Participants of Celo’s Founders in Residence program and developers on the Layer-1 protocol will receive guidance and services
Liechtenstein’s VP Bank taps Metaco to expand custody and tokenization services
4.4.2023
Swiss digital asset infrastructure provider Metaco collaborated with Liechtenstein's VP Bank to expand its support for tokenized assets
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
4.4.2023
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as...
Crypto Custodian Copper to Provide Off-Exchange Settlement to OKX Customers
3.4.2023
Institutional clients will be able to trade on the OKX exchange while their digital assets remain safeguarded with Copper
German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary
2.4.2023
Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse...