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Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected
20.9.2022
Cryptocurrency market maker and liquidity provider Wintermute has lost $160 million in a hack relating to its DeFi business, according to a tweet from the company's founder and CEO
Joseph Lubin’s Infura Plans to Create an Amazon Web Services for Ethereum Nodes
19.9.2022
In response to the most complex upgrade to occur to Ethereum up to now, infrastructure provider Infura is developing a decentralized version of its service that provides scalable Ethereum infrastructure and Web3 developer application programing interfaces (APIs). The company is controlled by Joseph...
UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization
18.9.2022
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K....
HSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future
16.9.2022
Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do worry about the sustainability of the valuations of crypto.” HSBC Will Not Get Into Crypto, CEO Says...
Thailand Bans 'Depository Services', Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News
15.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Thailand Bans 'Depository Services', Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News
Report: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves
15.9.2022
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies...
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
14.9.2022
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional...
Ethereum's Biggest Mining Pool to Stop Offering Services for the Network
14.9.2022
Ethermine will stop its Ethereum mining service once the Merge happens, expected sometime on Sept. 15
Abu Dhabi Global Market Financial Regulator Unveils Virtual Asset Regulation ‘Guiding Principles’
14.9.2022
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA...
Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto
13.9.2022
Guests staying at Palazzo Versace Dubai have, since September 7, had an option to settle payment for services rendered via cryptocurrency. The hotel also plans to add the crypto payment option to its e-commerce platforms to enable guests to pay for gift vouchers using digital currencies....
Uruguay Introduces Cryptocurrency Law in Parliament
13.9.2022
A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter,...
Crypto Services Firm Abra "In Process" of Forming US Bank
12.9.2022
Abra expects its banking platform to launch in 2023
Could Japanese Regulatory Change Provide New Boost for Crypto?
12.9.2022
Regulations governing crypto could be set for a change – with the sector’s governing body preparing to reform laws that pertain to stablecoins and security tokens. Trust banks could also be given the power to handle crypto, as is already the case in the United States....
Read More: Could Japanese...
Fireblocks records $100M+ revenue in subscriptions amid bear market
12.9.2022
As a software-as-a-service provider, Fireblocks witnessed overwhelming interest in decentralized finance, blockchain and Web3 technologies
Bitpanda aims to entice crypto investors to TradFi by adding commodities
8.9.2022
The exchange now allows crypto investors access to traditional investments such as natural resource commodities like precious metals
SEBA Bank to provide Ethereum staking services to institutions
7.9.2022
SEBA Bank executive Mathias Schütz believes that institutions can also play a role in securing the Ethereum network by staking Ether
EtherMail Offers a Lifeline to Web3 Projects Stranded by MailChimp
6.9.2022
PRESS RELEASE. MailChimp’s recent decision to suspend newsletter services for crypto businesses expresses the widening chasm between web2 and web3 and the pronounced importance of a robust communications bridge between both realms. In recent weeks, many crypto and NFT projects were abruptly...
Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs
5.9.2022
Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already...
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year
4.9.2022
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end. CFOs...
Crypto Financial-Services Firm Galaxy Digital Hires Andrew Lace for Its London Trading Division
31.8.2022
The firm has been hiring aggressively despite concerns of a crypto winter and plans to end the year with more than 400 employees