Tagged: cryptocurrency

August 3, 2024 @ 2:34 pm By Tony Zerucha  |  

deVere Group CEO Nigel Green said this week that Donald Trump’s keynote address at the 2024 Nashville Bitcoin Conference could force Kamala Harris to finally embrace the crypto industry or risk her campaign’s failure. Green made the comments following Trump’s speech at a Nashville cryptocurrency… Read More

July 28, 2024 @ 5:33 pm By Michael Wong  |  

Global financial services firm Cantor Fitzgerald has announced plans to launch a Bitcoin financing business designed to provide leverage to investors holding Bitcoin. The new initiative will commence with $2 billion in initial financing and is set to expand significantly over time. The firm, known… Read More

July 13, 2024 @ 12:51 pm By Tony Zerucha  |  

Web3 company Wirex has launched Whale, a Telegram app targeting the attention economy. Through active engagement, Whale users can earn rewards, gain access to exclusive token deals, and achieve industry recognition. Wirex said Whale is designed to transform attention into a valuable currency in the digital… Read More

July 11, 2024 @ 8:16 am By Omar Faridi  |  

Global cryptocurrency exchange BitMEX has pleaded guilty to a Bank Secrecy Act offense, according to the US Department of Justice (DOJ). BitMEX willfully “flouted” U.S. Anti-Money Laundering (AML) laws, claims the DOJ. Damian Williams, the United States Attorney for the Southern District of New York,… Read More

June 2, 2024 @ 9:06 pm By Michael Wong  |  

Spark Fintech Limited, an affiliate of Bybit, one of the world’s top three cryptocurrency exchanges by volume, has announced its decision to withdraw its application for a Virtual Asset Services Providers (VASP) license with the Hong Kong Securities and Futures Commission (SFC). This strategic decision… Read More

June 2, 2024 @ 6:18 pm By Tony Zerucha  |  

This week Gnosis Pay, announced a new partnership with Visa. The goal is to broaden the use of digital currencies in everyday payment settings. Through a decentralized network, Gnosis Pay allows entities to provide an on-chain spending account linked to a Visa debit card that… Read More

May 26, 2024 @ 2:42 pm By Michael Wong  |  

Approximately 60% of U.S. cryptocurrency investors admit they do not understand blockchain technology, according to a recent survey conducted by language-learning company Preply. The survey, which included responses from 1,001 people living in the U.S., examined participants’ knowledge, interest, and experience with cryptocurrency. The findings… Read More

May 11, 2024 @ 5:19 pm By Michael Wong  |  

The Financial Intelligence Unit (FIU) of the Indian government has granted Binance and Kucoin, offshore cryptocurrency exchanges, the approval to register and operate as virtual asset service providers in India. This pivotal decision allows them to engage in a broad array of digital asset services,… Read More

April 26, 2024 @ 5:13 pm By Michael Wong  |  

The UK government has granted new powers to the National Crime Agency (NCA) and police forces, effective today, to seize, freeze, and destroy cryptoassets involved in criminal activities, Irish Legal News has reported. This regulatory update addresses the increasing exploitation of cryptocurrencies by criminals, including… Read More

April 20, 2024 @ 8:21 pm By Michael Wong  |  

The Internal Revenue Service (IRS) is currently seeking public feedback on a proposed new form, 1099-DA, which is designed to report proceeds from digital asset transactions conducted by brokers, set for introduction in 2025. This initiative marks a significant step towards the formalization of tax… Read More

February 10, 2024 @ 4:22 pm By Tony Zerucha  |  

DeFi Technologies announced this week that it has completed the acquisition of intellectual property from Solana developer Stefan Jørgensen. DeFi Technologies said this acquisition marks a significant milestone in its expansion strategy, focusing on enhancing its offerings in the Solana ecosystem. The IP acquired includes advanced liquidity provisioning, innovative trading strategies… Read More

December 21, 2023 @ 3:10 am By Michael Wong  |  

Abu Dhabi-based Changer.ae has been granted a license by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a cryptocurrency custodian service. As the first regionally built, independent virtual asset custody provider in the UAE, Changer addresses the increasing… Read More

December 16, 2023 @ 1:33 pm By Michael Wong  |  

The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More

December 16, 2023 @ 8:48 am By Tony Zerucha  |  

An industry watcher believes Canada’s pragmatic approach to DeFi regulation could position it well in the future. Canadian Aaron Unterman is the managing director of Xreg Consulting. Unterman said Canada’s approach to cryptocurrency regulation has been to apply its existing capital markets framework to crypto… Read More

December 15, 2023 @ 9:34 am By Tony Zerucha  |  

ZenLedger, a provider of blockchain data and tax solutions, this week announced a partnership with april, a developer of AI-powered financial technology focused on modernizing taxes, to launch the first end-to-end tax filing experience in the crypto industry.  Integrating with april, an IRS-authorized e-file provider, brings… Read More

November 26, 2023 @ 9:44 pm By Michael Wong  |  

Korea’s cryptocurrency industry is poised for significant growth as the global crypto landscape undergoes major shifts, with Chinese crypto exchanges faltering and the world’s largest exchange, Binance, facing legal challenges in the US, the Korea Times reported. In a recent development, Binance was ordered by… Read More

November 25, 2023 @ 6:44 pm By Tony Zerucha  |  

This week, BSV Blockchain revealed the findings from its inaugural Blockchain Barometer, a worldwide report that seeks to establish an official record of the public’s perception and level of understanding of blockchain and other emerging technologies like AI and the metaverse. The survey, which included… Read More

November 19, 2023 @ 2:58 pm By Michael Wong  |  

India has trained over 3,000 personnel from various cybercrime and police departments to bolster their capabilities in tackling cryptocurrency-related crimes. According to the Ministry of Home Affairs (MHA)’s annual report, India provided specialized training in cryptocurrency forensics and investigations during the financial year 2022-2023. A… Read More

November 18, 2023 @ 12:35 pm By Michael Wong  |  

Binance Labs, the venture capital and incubation arm of Binance, has backed the $5-million Seed funding round of Web3 social network platform Sleek, according to an announcement. The funding round, which also saw participation from notable investors, including Shima Capital, Spartan Group, Symbolic Capital, Market… Read More

November 5, 2023 @ 7:20 am By Michael Wong  |  

Digital asset XRP has been granted approval by the Dubai Financial Services Authority (DFSA) for utilization within the Dubai International Financial Centre (DIFC), marking a significant endorsement for cryptocurrency usage in financial services in Dubai, according to Ripple. As the first virtual asset sanctioned by… Read More