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New York’s Chief Financial Regulator Mandates Firms to Separate Customers' Crypto Assets from Their Own
23.1.2023
New York’s chief financial regulator plans to release new guidance that will mandate companies to separate their own crypto assets from that of customers'.
The New York State Department of Financial Services (NYDFS) will also require state-regulated firms to disclose how they account for clients'...
Binance Banking Partner Restricts Crypto Transactions to $100,000 and Above – Here’s Why
23.1.2023
Binance, the world’s largest crypto exchange by trading volume, says it can no longer support USD deposits and withdrawals through SWIFT if the amount transferred is less than $100,000.
The reason for the new limitation, which sets the bar for such transfers extremely high for most ordinary crypto...
Japan Edges Toward Corporate Crypto Tax Reform
23.1.2023
Japan is inching closer to reforming its strict crypto tax laws for corporations – in a bid to stop an “exodus” of crypto talent and capital from flowing overseas.
Pressure to reform has mounted in recent years, with industry figures and opposition leaders alike all calling for change....
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ZKasino is officially live on Mainnet with USDC and BUSD support
23.1.2023
ZKasino, the emerging on-chain casino, recently announced its official mainnet launch. Players can now access the betting platform on Polygon using USDC and BNB Chain using BUSD. The platform has released a 100,000 dollars free-to-enter lottery to celebrate the launch. Seeing how the casino...
Is The Federal Home Loans Bank System Carrying Out a Stealth Rescue of the 2 Biggest Crypto Banks?
22.1.2023
Signature Bank and Silvergate, two of the biggest crypto banks, have received billions in loans from the Federal Home Loan Banks, a system originally designed to support housing finance and community investment.
According to a Saturday report from The Wall Street Journal, Signature Bank received...
Decentraland Founders Are Creditors of Bankrupt Genesis - How Much Are They Owed?
21.1.2023
Three Decentraland executives, including two co-founders and the platform's CFO, are named among the top creditors of now-bankrupt cryptocurrency lender Genesis Global.
Decentraland co-founders Esteban Ordano and Ari Meilich and the platform's CFO Santiago Esponda are listed among the 50 largest...
Former FTX US President Manages to Raise Funds From Coinbase, Circle for His New Firm After Publicly Blasting SBF
20.1.2023
Brett Harrison, former president of FTX US, has managed to raise funds from major crypto investors such as Coinbase Ventures and Circle Ventures after publicly blasting FTX founder Sam Bankman-Fried.
According to a Friday report by Bloomberg, Harrison has raised $5 million for his new crypto...
Crypto Users in Brazil, India Set for Boost from Latest Samsung Wallet Rollout
20.1.2023
Samsung has announced the rollout of its crypto wallet-linkable mobile payments solution – Samsung Wallet – in Brazil, India, Malaysia, and five other countries.
Per an official Samsung release and a report from Brazil’s Livecoins, the firm will also unveil the service to users in Australia...
FTX to Reopen its Crypto Exchange Business? New CEO John Ray III Says He’s Open to the Idea
20.1.2023
Speculation is mounting over whether FTX could reopen to users, after the company’s new CEO, bankruptcy expert John Ray II, said he is open to the idea.
“Everything is on the table. If there is a path forward on that, then we will not only explore that, we’ll do it,” Ray said with regards to...
Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product
20.1.2023
Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).
According to two separate statements by the US Securities and Exchange Commission and the North American Securities...
CFTC’s opinion on the regulation of the digital assets market
20.1.2023
Following the relaunching of the Global market Advisory committee, it happens to be the Commodity Futures Trading Commission (CFTC) has decided to gather all of its attained knowledge and experience through the years and arrive at the table for discussions related to the proper ways of bringing...
OKX Publishes 3rd Proof of Reserves Report, Shows it Holds None of its Native Token as Collateral
20.1.2023
Crypto-exchange OKX has released its third monthly proof-of-reserves (PoR) report, confirming that all its reserves are held in bitcoin, ethereum and USDT. This also means that none are held in its native token OKB, with OKX claiming that it has the largest ‘clean’ asset reserves of any major...
There’s Been a Rise in Argentinians Choosing to Get Paid in Crypto – Here’s Why
20.1.2023
There has been a sharp rise in Argentinians choosing to work for companies that pay them in crypto rather than fiat, a new report has suggested.
Speaking to the media outlet Criptonoticias, Jonathan Chester, the CEO of Bitwage claimed that in the past year, the number of Argentines who have used...
Cardano update set for February bringing better interoperability
20.1.2023
Cardano and IOG (Input Output Global) are working together to elevate Plutus’ status. The smart contract programming language is set to receive a huge upgrade with the next Cardano update. Set for February, the update will allow Plutus to support Schnorr and ECDSA (Elliptic Curve Digital Signature...
Crypto Payments Company MoonPay Acquiring Web3 Creative Agency Nightshift, Rebranding as Otherlife
20.1.2023
Crypto payments infrastructure provider MoonPay is taking over Web3 creative agency Nightshift which will rebrand as Otherlife as part of the deal. The acquisition is to contribute to MoonPay’s plan of establishing itself as a one-stop shop for brands interested in expanding to crypto, collectible...
Indian Minister Says No Issue With Crypto if Laws Are Followed
19.1.2023
Rajeev Chandrasekhar, India's Minister of Information Technology, has said crypto would face no issue within the country if related laws are followed.
Speaking at an event in the southern city of Bengaluru, Chandrasekhar said there is "nothing today that outlaws crypto as long as you follow...
Germany’s N26 Bank Bucks the Trend, Seeks to Expand its Crypto Trading Offering to More Countries
19.1.2023
German digital bank N26 has announced it is increasing the number of nations where its clients are allowed to trade cryptocurrencies, adding Germany, Switzerland, Belgium, Portugal, and Ireland to the list.
“Eligible N26 customers in these markets will soon be able to trade almost...
Binance Identified as Counterparty to Anatoly Legkodymov’s Bitzlato Alleged Money Laundering Scheme
19.1.2023
Binance, the world’s largest crypto exchange by trading volume, has been identified as a counterparty to the little-known exchange Bitzlato, which is now facing money laundering charges in the US.
The controversy surrounding Bitzlato now also involves Binance, after the US Department of...
‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea
19.1.2023
South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions.
The kimchi premium is a phenomenon whereby increased trading volumes on South Korean crypto...
Russia’s Crypto Mining Bill ‘Has Stalled,’ Says Finance Ministry
19.1.2023
Russia’s crypto mining legalization bill has hit a last-minute obstacle, and the draft law’s progress has now “stalled,” the nation’s Ministry of Finance conceded.
Per Finmarket, the nation’s Deputy Finance Minister Alexei Moiseev told reporters on Wednesday that the long-awaited bill – which...