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JPMorgan’s JPM Coin to Make Its Debut on Interbank Transactions
4.12.2023
Jpm coin, JPMorgan’s official token, might be used to make interbank transactions now that it debuted on Partior, a blockchain-based banking settlement system. The platform, launched jointly by JPMorgan, DBS Bank, Temasek, and Standard Chartered, allows customers to transact value between...
Defunct Celsius Opens Withdrawal Access for Eligible Cryptocurrency Holders
30.11.2023
Source: AdobeStock Bankrupt cryptocurrency lender Celsius has opened withdrawals for eligible custody customers starting November 29, according to a statement on X (formerly Twitter). Beginning today, additional withdrawals for Eligible Custody Users are now available. Please note that the only...
Binance Rolls Out Third-Party Banking Agreement to Reduce Counterparty Risk
30.11.2023
Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday. Off-exchange collateral The agreement gives customers the option of keeping their collateral off-exchange with...
Bitget Unveils Instant Lira-to-Crypto Conversions, Streamlining Turkish Market
30.11.2023
Source: Adobe / Husamex Bitget – a global crypto exchange and Web3 firm – has launched support for instant Lira to crypto conversions to streamline access to digital assets for Turkish consumers. Using the “easy buy and sell” feature, Turkish customers can now deposit TRY to Bitget directly from...
SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny
30.11.2023
Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December...
Coinbase warns customers about subpoena in apparent CFTC Bybit probe
28.11.2023
Cryptocurrency exchange Bybit restricts use in the United States, although it may be possible to get around it
Zipmex Thailand Suspends Crypto Trading Citing Compliance With the Country’s SEC Rules
27.11.2023
Image Source: Zipmex Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year. The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in...
CFTC Says Access To US Customers Is a “Privilege” In Wake of Binance Case
24.11.2023
Source: Pixabay The US Commodity Futures Trading Commission is showing no signs of letting up in its battle against crypto firms. In a statement published on Tuesday regarding the resolution of the Binance case, CFTC Commissioner Christy Goldsmith Romero declared, “There are no pirate ships in...
Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives
24.11.2023
On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw and transfer” their funds to a different...
Stitch Launches Payment Service Allowing Customers to Settle With Crypto in South Africa
23.11.2023
A new product offering recently launched by Stitch, a South African payment service provider, now enables customers to settle transactions with crypto. According to Stitch, this new functionality makes it possible for customers to pay with bitcoin (BTC) or ether (ETH). Local Businesses to Receive...
Austria’s Raiffeisen Bank to Roll Out Crypto Trading for Retail Customers in January
23.11.2023
The bank will start its crypto services to customers in Vienna, in partnership with Bitpanda
Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement
22.11.2023
On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s...
Mastercard and Feedzai Collaborate to Increase Crypto Fraud Protection for 900 Million Consumers Globally
22.11.2023
Mastercard is collaborating with Feedzai to “increase crypto fraud protection for hundreds of millions of consumers.” In pairing the technologies offered by the two companies, “Feedzai’s customers, who collectively protect over 900 million consumers globally, will now be able...
Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says
21.11.2023
Nigeria’s Fintech Startup Paystack Cuts Workforce, 33 Employees to Depart
18.11.2023
The Nigerian fintech startup, Paystack, will be scaling down its operations outside Africa. In addition, Paystack will part ways with at least 33 employees based in Europe and the United Arab Emirates. Co-founder Shola Akinlade has promised to help affected employees secure new roles elsewhere....
Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users’ Data
18.11.2023
The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers. Localizing...
New Form 1099-DA: What it Means for Digital Asset Brokers and Their Customers
17.11.2023
Unpacking the IRS’ controversial new crypto tax regulation proposals
Mastercard Says Customers Are Too Comfortable With Today's Money for Adoption of CBDCs: CNBC
17.11.2023
The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today's type of money, a senior Mastercard official has said
Coinbase Unveils Open Source On-Chain Payments Protocol to Offer Instant Settlement for Merchants
17.11.2023
Source: AdobeStock / rarrarorro San Francisco-based cryptocurrency exchange Coinbase has introduced an open-source On-Chain Payments Protocol to its Coinbase Commerce product. The new protocol aims to enhance the payment experience for merchants and customers by providing instant settlement,...
Coinbase Unveils Open Source On-Chain Payments Protocol to Offer Instant Settlement for Merchants
17.11.2023
Source: AdobeStock / rarrarorro San Francisco-based cryptocurrency exchange Coinbase has introduced an open-source On-Chain Payments Protocol to its Coinbase Commerce product. The new protocol aims to enhance the payment experience for merchants and customers by providing instant settlement,...