Tagged: digital currency

August 20, 2023 @ 5:13 pm By Omar Faridi  |  

Alpaca Crypto is pleased to share updates with their traders and partners. Starting from 9 am EST on Friday, August 18th, they will be rolling out support “for new cryptocurrencies, expanding their USDC pair support, and facilitating deposits and withdrawals for all supported Ethereum (ERC-20)… Read More

August 20, 2023 @ 4:55 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms in the world, announces the start of practical tests as part of its integration into the pilot project of Drex, the Brazilian digital currency formerly known as Real Digital. The start… Read More

August 19, 2023 @ 3:35 pm By Omar Faridi  |  

Elliptic – the global leader in crypto-asset risk management – is proud to announce that it has been selected by OpenEden Labs Pte. Ltd. – a developer of real-world asset tokenization platforms – as a partner for the TBILL protocol, which is the world’s first… Read More

August 14, 2023 @ 10:10 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks. XRP is now “available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile… Read More

August 13, 2023 @ 10:41 pm By Omar Faridi  |  

The number of cryptocurrency-focused ETFs aiming to launch has exploded in the past two weeks, the team at NYDIG Research noted. NYDIG Research has looked at the implication of these developments, “plus the strategy one fund took to get ahead.” Fintech giant PayPal has entered… Read More

August 13, 2023 @ 5:46 pm By Omar Faridi  |  

A recent report has looked into just how quickly Binance revenues may be declining. Available trading data provides key insights regarding the status of Binance’s crypto-focused operations and its BNB digital token. As covered earlier this month, the WSJ had released an extensive report which… Read More

August 10, 2023 @ 9:04 pm By Omar Faridi  |  

Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform. This transformative integration of Crypto.com Pay “represents a significant advancement in the gaming industry and creates new… Read More

August 9, 2023 @ 12:55 pm By Omar Faridi  |  

The Digital Dollar Project announced the completion of a pilot study conducted in collaboration with The Western Union Company, BDO Unibank, Inc. (BDO Unibank) in the Philippines, and support from Accenture. This collaboration represents the Digital Dollar Project’s latest private sector efforts “in support of… Read More

August 8, 2023 @ 8:46 am By Omar Faridi  |  

Crypto.com announced the promotion of Abhi Bisarya to Chief Product Officer. In this role, Bisarya will continue “to lead Crypto.com’s product development and strategy as part of the Company’s executive leadership team.” Since joining Crypto.com in 2022 “as EVP, Product, Bisarya has enabled Crypto.com to… Read More

August 8, 2023 @ 8:32 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security announced a significant collaboration with CryptoTax, a virtual asset tax service platform headquartered in South Korea. This strategic partnership is geared “towards fostering… Read More

August 7, 2023 @ 8:56 am By Omar Faridi  |  

Digital currency exchange Huobi has reportedly seen total outflows of over $73 million during the last week, a time period in which a few of the firm’s executives were taken into police custody by authorities in China. Huobi operates one of the largest crypto exchanges… Read More

August 5, 2023 @ 2:01 pm By Omar Faridi  |  

Coinbase Global (NASDAQ:COIN) on Friday (August 4, 2023) reportedly requested a judge to end the US Securities and Exchange Commission’s (SEC) ongoing lawsuit that’s accusing the world’s biggest publicly-listed crypto exchange of violating applicable federal securities laws. As mentioned in a filing in federal court… Read More

August 4, 2023 @ 8:01 am By Omar Faridi  |  

A married and aspiring rapper couple from New York City recently pleaded guilty to money laundering conspiracies arising from the hack and theft of approximately 120,000 Bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in February 2022… Read More

August 3, 2023 @ 9:22 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues and appears to be operating in jurisdictions where crypto services are banned, is pleased to announce the launch of Binance Japan, their new platform “designed for the Japanese market.” Binance says… Read More

August 3, 2023 @ 3:12 pm By Omar Faridi  |  

Kenya’s interior ministry revealed on Wednesday (August 2, 2023) that it would be suspending the local activities of the crypto-related initiative Worldcoin as the nation’s authorities assess various risks to the public’s general safety. The initiative established by OpenAI Chief Executive Officer Sam Altman was… Read More

August 3, 2023 @ 11:36 am By Omar Faridi  |  

Emtech, a provider of central banking infrastructure, has launched its Central Bank Digital Currency (CBDC) Innovation kit. According to the firm, the kit aims to support Fintech platforms and various other financial service providers that are looking to experiment with solutions based on virtual currencies… Read More

August 2, 2023 @ 10:30 pm By Omar Faridi  |  

CoinShares says it has built on the performance seen at the start of the year, “delivering Q2 results that represent the Group’s strongest quarter since the start of 2022.” CoinShares has shared some results: Revenue for Q2 2023: £10.7 million (Q2 2022: £13.9 million) Gains… Read More

August 2, 2023 @ 9:07 am By Omar Faridi  |  

Brad Garlinghouse, CEO at Ripple, says that they began sharing detailed reports to voluntarily provide updates of their XRP holdings. Sadly, however, they were used against them in the US Securities and Exchange Commission SEC lawsuit – however, he added that they remain steadfast in… Read More

July 31, 2023 @ 4:16 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

July 29, 2023 @ 12:23 pm By Omar Faridi  |  

Deloitte and Chainalysis, the blockchain data platform, announced a new strategic alliance to help the organizations’ mutual clients address digital asset ecosystem compliance challenges. Through the alliance, Chainalysis’ and Deloitte’s shared clients will be able “to leverage Chainalysis’ proprietary blockchain dataset and analytics software and… Read More