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Coinbase's Battle Over Tornado Cash, White House Not Happy With Bitcoin Mining + More News
8.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Coinbase's Battle Over Tornado Cash, White House Not Happy With Bitcoin Mining + More News
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
3.9.2022
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with...
Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder
2.9.2022
Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output...
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe
1.9.2022
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information....
Kakao’s Arm Strikes Real-name Banking Deal with Coinone Crypto Exchange
31.8.2022
Kakao Bank, the biggest neobank in South Korea and an offshoot of the internet giant Kakao, has confirmed it has sealed a partnership deal that will see it provide real-name banking services for customers of the crypto exchange Coinone.
The deal finally puts an end to months of speculation...
Crypto.com Mistakenly Wired Its Australian User USD 10.5M
30.8.2022
An apparent error on the side of major crypto platform Crypto.com has turned an attempt to process a USD 100 refund into a hefty USD 10.5m wire transfer into a bank account owned by a resident of Melbourne, Australia....
Read More: Crypto.com Mistakenly Wired Its Australian User USD 10.5M
ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation
28.8.2022
According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her interview with Madame Figaro, Lagarde stressed that people need to take into account that...
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
27.8.2022
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps...
US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News
25.8.2022
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: US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes...
Binance gives security assurances in Philippine senate banking committee hearing
25.8.2022
Binance is seeking licensing to establish a presence in the Philippines ahead of a moratorium and providing educational resources for future traders and blockchain developers
Bitcoin and the Banking system: slammed doors and legacy flaws
24.8.2022
It’s no secret the banking system doesn’t like Bitcoin — but does that stance challenge Bitcoin-first companies? Cointelegraph investigates
‘7 South Korean Securities Firms Will Launch Crypto Exchanges in 2023’ – Report
23.8.2022
A slew of major South Korean securities companies – many of which may be affiliated with major commercial banks and business groups – could be set to launch crypto exchange platforms as early as next year.
Per Newspim, “seven large domestic securities companies” have already applied to financial...
10 Traditional Companies that are Moving into Crypto Despite Market Downturn
20.8.2022
Big traditional companies have continued to embrace crypto in a variety of ways over the past year, despite the current market downturn.
To keep you up to date on who is doing what to secure their slice of the crypto economy, we have gathered a list of 10 traditional companies that have recently...
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move
16.8.2022
The securities arm of South Korea’s second-largest business group will take the crypto plunge – and will team up with a domestic commercial bank as part of its efforts....
Read More: South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move
Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’
16.8.2022
The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.”...
Read More: Fed Reveals Guidelines for Crypto Banks Who Want...
US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
15.8.2022
The Federal Reserve announced it was publishing its final guidance for novel financial institutions, such as Wyoming trust entities, to access its "master accounts," something these firms need to participate in the global payment system
Kimchi Premium Trading Total Could Be Almost Twice as High as First Thought, Says Regulator
15.8.2022
The sum total of illegal kimchi premium trading conducted via South Korean banks could be as high as USD 6.5 billion, regulators claim – and authorities in the nation say they are now investigating “all” domestic commercial banks over the matter....
Read More: Kimchi Premium Trading Total Could...
What DeFi Offers Beyond Lending for Crypto Speculation
14.8.2022
DeFi advocates claim that his nascent industry will continue to grow and, ultimately, make good on its promises.
"By removing the need to rely on intermediaries, DeFi makes traditional banking services far more accessible."
Leading DeFi protocols are now seeking exposure to real-world assets....
Why Celsius and Voyager Were More Like Uninsured, Quasi-Banks
14.8.2022
William D. O'Connell, PhD Candidate, Political Science, the University of Toronto.______
There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of...