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Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown
28.2.2023
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase...
BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report
27.2.2023
Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
25.2.2023
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
25.2.2023
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type,...
South Korean Regulator Is Probing Crypto Staking Services
24.2.2023
A top South Korean financial regulator has launched a probe into domestic crypto staking services. And crypto exchanges are concerned this means new staking-related regulations could be incoming.
The media outlet News1 reported that the Financial Supervisory Service (FSS) has “recently requested”...
Google Cloud to Become Tezos Validator and Offer Validation Services
24.2.2023
Google Cloud, the remote services division of the software giant, has announced a partnership with blockchain company Tezos to become a block validator (“baker”) in its network. As part of this partnership, Google Cloud will also offer Tezos validation services through its platform...
Australian Markets Regulator is Reviewing Binance Australia's Derivatives Services
24.2.2023
Australian markets regulator is conducting a targeted review of Binance Australia's local derivatives services a day after Binance said it had incorrectly tagged 500 Australian users as "wholesale investors," resulting in their derivative positions being unceremoniously closed
Tencent to Offer Metaverse-Building Services for Asian Markets
24.2.2023
Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual...
CoinEx’s tokens and services are under NY Attorney General scrutiny
23.2.2023
In the crypto sphere, exchanges continue to come under scrutiny by regulators and relevant authorities. The reason is pretty simple: most exchanges offer tokens and services that qualify as securities and/or commodities, but they are being offered without any registration. The New York Attorney...
German DZ Bank adds digital currencies into asset management services
23.2.2023
German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services
Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs
22.2.2023
With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and track Bitcoin-issued non-fungible token (NFT) assets. Luxor Plans to Address...
Ankr partners with Microsoft to offer enterprise node services
21.2.2023
The partnership will offer low-latency blockchain connections for Web3 projects, enabling developers to focus time on scaling their applications
Trading Platform eToro Gains New York BitLicense to Provide Crypto Services
21.2.2023
The platform also obtained a money transmitter license from the U.S. state’s financial regulator
India expands national payment network to Singapore: What’s in it for crypto?
21.2.2023
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program
FTX poked the bear and the bear is pissed — O'Leary on the crypto crackdown
21.2.2023
Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another
Crypto Dominates as Payment Method for Remote Workers in Latam
20.2.2023
Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation...
Bitcoin market cap 'flips' payments giant Visa for the 3rd time
20.2.2023
While the collapse of FTX shaved $100 billion off of BTC's market cap in just four days last year, BTC has managed to fully recover and stack on another $65 billion
Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange
18.2.2023
The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by Blockfinex, in a deal which the former’s CEO Lanre Adenowo described as an “acquihire deal.” Blockfinex reportedly said it will leverage the acquisition to launch its own platform known...
Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets
18.2.2023
A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door...
Cudos partners Fetch.ai to boost AI services
17.2.2023
The wordplay of “Cudos” and “Kudos” has started on Twitter since an announcement by Cudos. Its community is leaving no opportunity to appreciate the move in which it has partnered with Fetch.ai to enable its machine learning and artificial intelligence services. Under...