Tagged: crypto

SEC Chairman Paul Atkins Shares Insight into Token Framework, Crypto Regulation

SEC Chairman Paul Atkins spoke at the 9th Annual Fintech Conference held at the Philadelphia Fed this week. He shared that he expects the Commission to establish a “token taxonomy” based on existing securities law, while acknowledging that the current regime has limitations. Atkins said… Read More

FalconX Acquires Crypto ETP Giant 21shares to Bridge Digital Assets, Traditional Finance

FalconX, an institutional digital asset prime brokerage, said on Wednesday it has agreed to acquire 21shares, the world’s largest provider of cryptocurrency exchange-traded products (ETPs), in a deal that underscores the growing convergence between digital assets and mainstream finance. The acquisition unites FalconX’s prime brokerage… Read More

South Korea Seizes $106m in Crypto from Tax Delinquents Since 2021

South Korea’s tax authority has confiscated more than 140 billion won ($106 million) in virtual assets, including Bitcoin and Ethereum, from tax delinquents over the past four years, highlighting the government’s widening use of digital assets to enforce compliance. The National Tax Service (NTS) began… Read More

Crypto ETFs: SEC Division of CorpFin Shares Opinion on Crypto Exchange Traded Products

The Securities and Exchange Commission’s Division of Corporate Finance has posted its opinion on exchange-traded products based on crypto assets. Crypto ETFs have emerged as a regulated path for retail investors to participate in the digital asset sector. Starting with Bitcoin ETFs, today these exchange-traded products are… Read More

BitGo Rolls Out Crypto-as-a-Service Platform to Power Institutional Crypto Integration

Digital asset infrastructure provider BitGo has launched its Crypto-as-a-Service (CaaS) platform, offering financial institutions, fintechs, and enterprises a turnkey solution to embed crypto capabilities into their products. The move aims to lower barriers to entry for companies looking to build and scale digital asset offerings… Read More

Hong Kong Weighs Crypto Derivatives, Margin Lending Approval

Hong Kong is mulling over the approval of new cryptocurrency and virtual assets products, including derivatives and margin lending, for select investors, as the city seeks to bolster its position as a regional digital assets hub. The move, outlined by Securities and Futures Commission (SFC)… Read More

Czech Republic Enacts Financial Reforms to Become Top Crypto Hub

The Czech Republic has approved extensive financial market reforms aimed at fostering growth in the crypto and blockchain sectors, in a strategic move to position itself as a premier cryptocurrency hub. According to reports, the newly passed legislation addresses key barriers faced by cryptocurrency companies… Read More

Phishing Attacks, Private Key Leaks Remain Most Common Reasons for Cryptocurrency Theft – Research Report

SlowMist has shared its latest 2024 Q3 MistTrack Stolen Funds Analysis. Every day, SlowMist / MistTrack claims that it receives numerous requests for assistance from victims seeking help in tracking and recovering stolen/lost funds. According to the update, these cases often involve significant funds, with… Read More

Half of US Voters Reportedly Support Pro- Bitcoin and Crypto Policies

Half of all US voters support “pro-crypto” policies according to a research report released by ConsenSys. Consensys, and global market research and data analytics technology group, HarrisX, unveiled a research study on US voters’ views on the current blockchain and crypto landscape as it “relates… Read More

Stablecoin Issuer Tether and Reku to Help Indonesians with Better Understanding Digital Assets and Blockchain Technology

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, and Reku, a crypto exchange platform, are pleased to announce a strategic collaboration to broaden Indonesians’ understanding of crypto assets and blockchain technology. This initiative will be executed… Read More

Chainalysis Crypto Crime Update: China based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Still Lucrative

Chainalysis has release the report entitled, 2024 Crypto Crime Mid-year Update Part 2: China-based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Remain Lucrative. Key findings of the Chainalysis update: CSAM networks Reportings of China-based CSAM sites have increased since late 2023. A… Read More

KPMG: China Drives Fintech Recovery in APAC Region

Financial technology (fintech) investments in China showed a modest recovery at the end of 2023 and continued into 2024, according to KPMG’s Pulse of Fintech H1’24 report. Among the top ten fintech deals in the Asia-Pacific (APAC) region, five were from Mainland China and Hong… Read More

Arch Lending Reportedly Secures $75M to Develop New Standard of Crypto Lending

Arch Lending, the crypto-backed loan provider, announced $75M in funds raised, including an oversubscribed $5M equity seed round and a $70M loan financing facility. The equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, and… Read More

Bitget Announces Integration of Apple Pay and Google Pay into Platform Payments System

Bitget, the cryptocurrency exchange and Web3 company, is pleased to announce the integration of Apple Pay and Google Pay into their platform’s payment system. Both integrations enable users to convert fiat to crypto within 30 seconds, “aligning with Bitget’s ongoing efforts to provide secure, efficient,… Read More

Kaspersky Detects Online Fraud Campaign Aimed at Stealing Crypto and Sensitive Information

Kaspersky has detected an online fraud campaign aimed at stealing cryptocurrency and sensitive information by exploiting popular topics such as web3, crypto, AI, online gaming, and beyond. Targeting individuals worldwide, the campaign is believed to “be orchestrated by Russian-speaking cybercriminals and spreads info-stealing and clipper… Read More

AI and Crypto related Carbon Emissions Are Surging and Tax Policy Could Help, New Study Claims

Carbon emissions from AI and crypto are surging and tax policy can help, according to an update shared by the International Monetary Fund (IMF). Crypto mining and data centers now account “for 2 percent of global electricity use and nearly 1 percent of global emissions,… Read More

Switzerland Ranked Among Most Crypto-Friendly Nations with 23% of Population Owning Virtual Currencies – Bitpanda Survey

Bitpanda has partnered with YouGov Deutschland GmbH to survey more than 6,000 Europeans from Germany, France, Switzerland, Austria and Italy to take a look at how attitudes towards crypto are changing. Bitpanda says that they know that digital assets “are seeing more adoption across Europe,… Read More

If firms do not improve, we will act: FCA Cautions Crypto Firms on Regulatory Requirements

While the UK is pretty crypto-friendly compared to the US, this does not mean you can flout existing rules. Yesterday, the Financial Conduct Authority (FCA) issued a statement warning digital asset firms to comply with rules. If certain unnamed firms do not improve, “we will act,” the… Read More

FCA Takes Enforcement Action Against Coinbase Subsidiary

CB Payments Limited (CBPL) has been fined £3,503,546 by the UK’s Financial Conduct Authority (FCA) for repeatedly breaching a requirement that “prevented the firm from offering services to high-risk customers.” CBPL is part of the Coinbase Group, which operates a cryptoasset trading platform that is… Read More

Chainalysis Report Examines Money Laundering and Cryptocurrency: Trends and Techniques for Detection, Investigation

While public blockchains are inherently transparent and traceable, illicit actors turn to cryptocurrencies “to launder ill-gotten gains for the same reasons people use them for legitimate purposes: they are cross-border, virtually instant, and generally inexpensive to transact,” the team at Chainalysis noted in a blog… Read More

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