Tagged: digital currencies

Coinbase to Support Asset Recovery on BNB Smart Chain, Polygon

Coinbase (NASDAQ:COIN) says that customers may at some point mistakenly send unsupported tokens to their Coinbase address on an unsupported chain. One example of this is BNB Smart Chain (formerly known as Binance Smart Chain) – which is currently “not supported by Coinbase and as… Read More

Bitso, a Crypto-focused Financial Services Provider in LatAm, Integrates Solution to Enhance Ethereum Transactions

Bitso—the crypto-powered financial services company in Latin America—announced that it has integrated a third Layer 2 solution that will facilitate fast and efficient transactions with Ethereum thanks to the incorporation of the Optimism network. Optimism is a Layer 2 or “Layer 2” blockchain that works… Read More

Digital Asset Owners Increased by 34% in 2023, Rising from 432M to 580M – Report Claims

Crypto.com released its annual Crypto Market Sizing Report, showing that global cryptocurrency owners increased by 34% in 2023 – “rising from 432 million in January 2023 to 580 million in December 2023.” Similar to the previous year, this notable growth “continued despite several macro headwinds,… Read More

Spot Bitcoin ETF Approvals Signifies a Significant Step Towards Institutionalization of Cryptocurrencies According to Alchemy Pay

Alchemy Pay, a payment gateway that connects crypto with traditional fiat currencies for businesses, developers, and end users, notes that the approval of the Bitcoin Spot ETF signifies a significant step “towards the enhanced institutionalization of cryptocurrencies, paving the way for bitcoin to reach a… Read More

Bankrupt Crypto Lending Platform Celsius Files Intent to Claw-Back Several Completed Withrawal Requests

Bankrupt crypto lending platform Celsius recently filed its intent to claw back a number of pre-bankruptcy withdrawal requests. The struggling cryptocurrency lender formally submitted an intent to claw back certain funds from clients that withdrew $100,000 or more during the 3 months prior to Celsius… Read More

Crypto.com Signs MoU with Charities in Singapore to Enable Donations in Digital Assets

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and says it is the supporter of regulatory compliance, security and privacy, signed a Memorandum of Understanding (MOU) with six major charities in Singapore in order “to help facilitate the acceptance of… Read More

Nearly Half of Binance Users Depend on Digital Assets to Earn “Extra Income” – Survey

Binance recently revealed that it administered “a survey to better understand their users’ motivations and reasons for using digital assets.” Drawing on a sample of over 1,000 respondents, the Binance survey found “that nearly half (45%) listed earning extra income as their primary use for… Read More

Fintech Ripple Added to Central Bank of Ireland’s Virtual Asset Service Providers Register

Ripple, the enabler of enterprise blockchain and crypto solutions, announced that the Central Bank of Ireland (CBI) has added its Irish subsidiary Ripple Markets Ireland Limited to its list of registered Virtual Asset Service Providers (VASPs). The decision will support Ripple’s business since, “as a… Read More

Regtech SlowMist Partners with zkMe, an Advancement in Commitment to Blockchain Compliance and Privacy

SlowMist are pleased to announce a strategic partnership with zkMe, a “significant” advancement in their commitment to blockchain compliance and privacy. As a key entity in on-chain analytics, MistTrack’s role in “detecting and preventing cryptocurrency money laundering is vital.” Their platform offers comprehensive tools “including… Read More

Financial Crime Report Reveals Bitcoin (BTC) Network’s Growing Role in Laundering of Stolen Crypto

The laundering of “ill-gotten” cryptocurrency exerts a multifaceted impact on global financial and security landscapes, “presenting challenges for businesses, governments, and individuals alike,” according to an update from CertiK. CertiK notes in a blog post that for businesses, particularly those operating within the fintech and… Read More

Massive Ledger Security Event Impacted Numerous Crypto Apps, Industry Professional Provides Guidance for Securing Assets in Self-Custody

Jameson Lopp, co-founder and CTO at Casa, has shared key insights after the widely reported Ledger hack / security breach that appears to be impacting a large number of DeFi platforms and dApps, with some unconfirmed reports indicating major losses of crypto funds. Lopp, who… Read More

Stablecoin Adoption: BaFin Regulated AllUnity to Enable Adoption of Digital Assets and Tokenization

Galaxy (TSX: GLXY) has announced the intended formation of AllUnity, as part of a new partnership between DWS, Flow Traders and Galaxy, whose mission is to enhance the on-chain economy by issuing a fully collateralized EUR-denominated stablecoin. AllUnity will be regulated “by BaFin, Germany‘s financial… Read More

FASB Releases Accounting Standards Update to Improve Accounting for and Disclosure of Crypto-Assets

The Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. FASB Chair Richard R. Jones said: “The new standard responds to feedback from stakeholders of all backgrounds who indicated that improving… Read More

Institutional Investors See Crypto as “Safe Haven” Strategy for Hedging Against Traditional Markets – Survey

Sygnum launches its inaugural institutional investor crypto survey report, Future Finance 23. The purpose of the research is “to accurately measure institutional crypto adoption, track trends over time, and profile the needs and challenges of future institutional crypto market entrants.” Key themes include: 40% of… Read More

Worldcoin Projects to Be Supported by Community Grants Program

World Assets, Ltd., (Worldcoin) a wholly owned subsidiary of Worldcoin Foundation and issuer of “WLD”, announced the launch of the Worldcoin Community Grants Program that will be supported by the Worldcoin Foundation in “accordance with its aims and objects, in order to support, grow and… Read More

Nubank Cripto Announces Integration with Talos Smart Order Routing System to Lower Trading Costs

In another step towards developing the cryptocurrency trading platform Nubank Cripto, Nubank (NYSE:NU) announced its integration with Talos, the provider of institutional digital asset trading technology. With this partnership, customers who wish to trade crypto assets in Brazilian reais through the Nu app will benefit… Read More

Crypto.com Obtains Authorization as E-Money Institution from UK’s Financial Conduct Authority (FCA)

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide, announced that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). This approval follows Crypto.com’s registration “as a cryptoasset business with the FCA in… Read More

Digital Assets Market Surges, MicroStrategy Acquires Another $600M in Bitcoin, American Perspective on Crypto Shifts – Report

Digital asset firm Gemini has shared their latest crypto market update. Key takeaways from Gemini‘s extensive crypto market report are as follows: Bitcoin climbs as SEC speeds up spot bitcoin ETF review process: Bitcoin (BTC) continued to grind higher this week, reaching a new yearly… Read More

Coinbase Transparency Report: United States Remains Top Nation with Highest Number of Regulatory Information Requests

Coinbase (NASDAQ:COIN) has shared its fifth annual Transparency Report. Coinbase says that its goal with the Transparency Report is “to provide customers with data about requests for their information that we receive from government agencies and law enforcement.” Coinbase also intends to “provide some insight… Read More

Blockdaemon Institutional Wallet Supported with Cold Storage, Tokenization Features

Blockdaemon Institutional Wallet is now supported with cold storage, tokenization features as well as Azure support. Blockdaemon says it is unveiling three major enhancements to the Blockdaemon Institutional Wallet, which include: Cold Storage, Tokenization and Azure Cloud support. These features collectively aim to “enhance the… Read More

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