Tagged: crypto

Argentina’s President Javier Milei Again Faces Pressure Over Ties to $LIBRA Crypto Collapse

Argentine President Javier Milei is once again under intense public and political examination following the emergence of fresh documentation that appears to reveal more substantial involvement in the controversial $LIBRA cryptocurrency scandal than he previously acknowledged. The development has reignited debates about accountability at the… Read More

Crypto Hardware Wallet Firm Ledger Emphasizes Importance of Security in the Agentic AI Environment

French crypto hardware wallet maker Ledger has indicated that in the evolving landscape of artificial intelligence, the emergence of AI agents marks a transformative shift comparable to the internet’s arrival in the 1990s. Ledger has pointed in a blog post that these intelligent systems go… Read More

South Korea to Cap Major Shareholder Stakes in Crypto Exchanges at 20%

South Korea’s ruling party and financial regulators have agreed to cap the stake that major shareholders can hold in cryptocurrency exchanges at 20%, a move that could force some of the country’s biggest trading platforms to restructure their ownership as Seoul pushes ahead with a… Read More

Vietnam Proposes 0.1% Tax on Crypto Transfers in Draft Rules

Vietnam’s Ministry of Finance has proposed a 0.1% tax on turnover for each crypto-asset transfer conducted through platforms operated by licensed service providers, under a draft circular released for public consultation, The Hanoi Times reported. Under the draft framework, crypto-asset transfers and trading would be… Read More

Singapore Crypto Platform Veera Raises $10m, Plans On-Chain Payments Card

Veera, a Singapore-based crypto financial services platform focused on self-custody wallets and decentralised finance tools, has raised $10 million across its pre-seed and seed funding rounds as it expands its on-chain financial services and prepares to roll out a crypto-linked payment card. The company said… Read More

US Lawmakers Float Bipartisan Bill to Align Crypto Taxes with Traditional Assets

US lawmakers released a bipartisan discussion draft aimed at bringing clarity and consistency to how digital assets are taxed, as Congress faces growing pressure to modernise rules written largely before cryptocurrencies entered mainstream finance. The proposal, dubbed the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation,… Read More

India’s Central Bank Stays Cautious on Crypto as it Reviews Financial Rulebook

India’s central bank is taking a “very cautious” stance on cryptocurrencies and stablecoins, arguing that their volatility and potential to bypass safeguards could threaten financial stability, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. Malhotra’s remarks, delivered in a memorial lecture at Delhi School… Read More

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

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