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US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients
6.10.2021
US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that...
Singapore Grants Crypto Licenses to DBS and Independent Reserve
1.10.2021
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk....
Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets
24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already
60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week
21.9.2021
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce...
Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians
20.9.2021
On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real...
Arbitrum Surpasses $1.5 Billion in TVL Following Rumors of a Possible Token Airdrop
12.9.2021
Arbitrum, a second layer expansion rollup for Ethereum, has breached the $1.5 billion of total value locked (TVL) in protocols using its services. The smart contract recorded an influx of more than 1 billion just today after a rumor started in social media that the protocol might be planning...
After Warnings from South African Regulators Binance Rejects Accusations It Provides Financial Advice
5.9.2021
Beleaguered crypto exchange, Binance, has released a statement in which it denies accusations that provides financial advice or renders any intermediary services. In a statement released on Twitter less than 24 hours after the Financial Sector Conduct Authority (FSCA)’s warning, the crypto...
Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services
26.8.2021
On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia. The move follows a number of firms pivoting toward digital currency...
Kevin O’Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange
12.8.2021
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, is increasing his cryptocurrency allocation. He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its ambassador and spokesperson. He will be paid in crypto for his services. Kevin...
Personal Savings Feature Added to West African Platform Facilitating Crypto-to-Fiat Conversion
10.8.2021
Duniapay, a digital banking platform created by three students from Burkina Faso, has added a personal savings feature to its banking application that already provides residents from some 14 West African countries with a flexible digital platform to access financial services. Using a Stablecoin...
LBank Recruits Global Elites to Share Crypto Growth Dividends
17.7.2021
PRESS RELEASE. Internet City, Dubai — As an innovative global trading platform for various crypto assets, founded in 2015. LBank officially launched the Global Ambassadors Recruitment at the end of June in 2021. LBank provides its users with safe crypto trading, specialized financial...
South Korean Bank Woori Financial to Offer Crypto Custody Services
13.7.2021
Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after...
Tiktok Bans Users From Promoting Cryptocurrencies
10.7.2021
Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency. Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies Social media platform Tiktok has banned content...
Coinbase Approved to Enter German Cryptocurrency Market
29.6.2021
Cryptocurrency exchange Coinbase has obtained approval from Germany’s financial regulator, Bafin, to provide cryptocurrency trading and custody services. Coinbase Germany will launch in the coming weeks. Coinbase, a Nasdaq-listed company, announced Monday that it has secured a cryptocurrency...
Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services
12.6.2021
The Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists,” the banking authority said....
US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing
6.6.2021
Progressive Care, a company that operates a chain of pharmacies in the United States, has announced it’s now accepting cryptocurrency for its Covid-19 rapid testing services. Customers are welcome to pay with bitcoin for the quick tests offered at its Pharmcorx locations using a dedicated...
Dental Clinic in Ontario to Accept Cryptocurrency for Its Services
2.6.2021
Southdown Dental, a clinic in Mississauga, Ontario, is introducing a new payment option. Patients will soon be able to pay with cryptocurrency for its services. The dental clinic says it will take digital money for any procedure, from regular checkups to children’s braces. Canadian Dental...
Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
26.5.2021
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed...
HSBC Won’t Launch Bitcoin Trading Desk, CEO Says Bank Has No Plans to Offer Cryptocurrency Investments
24.5.2021
HSBC has confirmed its bitcoin and cryptocurrency stance as a growing number of major banks are beginning to offer crypto services. CEO Noel Quinn says that HSBC views bitcoin as an asset class rather than a payments vehicle but the bank is not rushing into providing cryptocurrency investments...
Major Music Festival Exit Takes Bitcoin for Tickets
16.5.2021
A popular international music festival, Exit, is now accepting cryptocurrency for tickets, products, and services. This year’s 20th-anniversary edition of the European event will be held in early summer and the festival’s online store already offers discounts for impatient music fans...