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UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’
2.10.2022
The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good system of regulation and if they...
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets
1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...
Binance Officially Launches Crypto Exchange in New Zealand Following Regulatory Approval
1.10.2022
Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious New Zealand presence,” said Binance CEO Changpeng Zhao (CZ). Binance Launches Crypto...
US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans
1.10.2022
Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon, many...
What is regenerative finance (ReFi) and how can it impact NFTs and Web3?
30.9.2022
NFT Steez chats with Celo ecosystem lead Mashiat Mutmainnah about the promise of ReFi and its capacity to promote environmental and social good
Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange
30.9.2022
A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange...
Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements
30.9.2022
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier...
Texas, Vermont regulators object to Celsius stablecoin sale plan
30.9.2022
A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds
Bittrex, Merkle Science, Bitgo Join Crypto Market Integrity Coalition
30.9.2022
Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo. 8 Crypto Market Firms Join Crypto Market Integrity...
Worried About a Financial Crisis? Enter – Self Custody.
29.9.2022
Placing bitcoin in cold storage won't prevent losses, but it can eliminate counterparty risk
Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Stablecoin USDC
29.9.2022
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto...
WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’
29.9.2022
A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed
Nexo ‘surprised’ by state regulators' actions, says co-founder
29.9.2022
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”
Voyager's auction did not serve depositors' best interests, alleges Wave Financial rep
28.9.2022
According to the Los Angeles management firm, "better bids were on the table" for depositors and the community
Bank of Ghana to foster financial inclusion through CBDC project
28.9.2022
Kwame Oppong, an executive at Ghana’s central bank told Cointelegraph that a CBDC could give their citizens the opportunity to use a "decent form of payment."
InVar Finance Builds InVaria2222 as the Team Looks to Provide Hybrid Finance Services
28.9.2022
PRESS RELEASE. InVar Finance has recently built InVaria2222, the RWA tokenization world, which is currently in its first stage. InVar intends to create hybrid financial services by bridging the crypto sector with the real economy, such as TradFi with DeFi and RWA tokenization, which pertains...
California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
28.9.2022
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s...
Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago: Report
28.9.2022
Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license. Binance Wants Back in Japan Crypto exchange Binance is seeking...
Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings
28.9.2022
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius —...
Robinhood Debuts Web3 Crypto Wallet to 10K Customers — Beta Version Supports Polygon
27.9.2022
The American financial services company headquartered in Menlo Park, California, Robinhood Markets, Inc., announced the launch of a new non-custodial Web3 crypto wallet on Tuesday and said the product supports the Polygon blockchain network. The application is currently for iOS users only...