Crypto Blog — Page 11 of 17
In-depth crypto education, investment guides, and market commentary.
401 total posts
Upbit hack puts Binance's emergency freeze policy under scrutiny
Binance and South Korean Police Clash Over Upbit Hack Funds There has been a recent clash between Binance, one of the world's largest cryptocurrency exchanges, and the South Korean police over the handling of funds linked to the Upbit hack. Upbit, a major South Korean exchange, was hacked in November 2019, resulting in
J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost
The Rise of Institutional Adoption As more and more traditional financial institutions begin to dip their toes into the world of cryptocurrencies, it's becoming clear that digital assets are here to stay. With major players like J.P. Morgan and Goldman Sachs getting involved, it's only a matter of time before other ins
Revolut and Trust Wallet Launch Instant Crypto Buys in EU With Self-Custody Focus
Trust Wallet: Trust Wallet is a popular cryptocurrency wallet that supports a wide range of tokens and coins. It is known for its user-friendly interface and strong security features, making it a top choice for many crypto enthusiasts. Self-Custodial: Self-custodial refers to the fact that users have full control over
Binance co-CEO Yi He hit by WeChat hack amid growing Web2 risks for crypto execs
Pruning Contacts to Reduce WeChat Takeover Risks In order to reduce the risk of WeChat takeovers, SlowMist's Yu Xuan recommends that high-profile users regularly prune their contacts. This means deleting any contacts that are no longer relevant or necessary. This will not only make it harder for hackers to gain access
US bank regulator says banks can act as crypto intermediaries
The OCC's Crypto Guidance The Office of the Comptroller of the Currency (OCC), a division of the U.S. Department of the Treasury, issued guidance on Monday stating that national banks and federal savings associations can now hold stablecoin reserves as a service to bank customers. This move is set to make transactions
Upbit hack tests patience of South Korean regulators
Regulation: South Korea's Financial Services Commission (FSC) has announced plans to impose stringent regulations on cryptocurrency exchanges. This comes after the recent $30 million hack of Upbit, one of the largest exchanges in the country. The FSC aims to bring crypto exchanges under the same level of scrutiny as tr
Binance suspends employee over using insider information for personal gain
Insider Trading Scandal at Binance #Binance #InsiderTrading #CryptoScandal Binance, one of the world's largest cryptocurrency exchanges, has been embroiled in a scandal involving insider trading. The exchange recently announced that it had suspended an employee and reported the incident to authorities. This news has se
Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
Binance Entities Receive Regulatory Approval in Abu Dhabi The Financial Services Regulatory Authority (FSRA) of Abu Dhabi has granted licenses to three entities under the Binance group, allowing them to operate in the emirate. This move marks a significant step forward for the cryptocurrency industry as it gains more r
Brokerage behind major crypto treasury deals eyes $10–12B public listing: FT
What is Clear Street? Founded in 2017, Clear Street is a financial services company that provides trading, clearing, and custody services for institutional clients. Their platform allows clients to access global markets and trade a wide range of assets, including cryptocurrencies. What does this listing mean for the cr
Polish parliament upholds crypto veto, brushing aside PM's Russia warning
Poland's Government Fails to Overturn Veto Crypto Tickers: BTC, ETH, LTC Trending Hashtags: #PolandCrypto, #CryptocurrencyRegulations On Friday, the Polish government faced a major setback in its efforts to regulate the cryptocurrency market. Despite its attempts to increase oversight and combat money laundering, a pre
Kraken Launches High-Touch VIP Program for Ultra High Net Worth Clients
Benefits of Being a Kraken VIP Member As a Kraken VIP member, you will have access to exclusive benefits and services that are designed to enhance your trading experience. Here are just a few of the perks that come with being a Kraken VIP member: Personalized Support: As a VIP member, you will be assigned a dedicated r
MoneyGram Taps Fireblocks to Expand Stablecoin Use in Global Payments and Treasury Ops
Partnership with Ripple: As one of the leading global payment and remittance providers, MoneyGram has recognized the potential of blockchain technology and its ability to revolutionize cross-border payments. This has led to their partnership with Ripple, a San Francisco-based fintech company that specializes in blockch
Citadel Launches All-Out Assault on DeFi
Citadel Securities Opposes DeFi for Tokenized U.S. Equities Crypto Tickers: #CitadelSecurities #DeFi #TokenizedEquities In a letter to the Securities and Exchange Commission (SEC), Citadel Securities, one of the largest hedge fund managers in the world, has expressed its concerns about the growing trend of decentralize
Japan's new crypto tax could wake ‘sleeping giant' of retail investors
Government Plans for Moderate Tax The Japanese government recently announced plans to introduce a 20% tax on crypto gains for retail investors. This moderate tax is expected to boost the growth of the crypto industry in Japan, as it provides a sense of stability and transparency for investors. Increased Interest from R
Binance appoints Yi He as co-CEO
Yi He Takes on Co-CEO Role Yi He, who co-founded Binance with Changpeng Zhao in 2017, will now serve as co-CEO alongside Zhao. This move marks a significant step for the company as it continues to expand and solidify its position as one of the leading cryptocurrency exchanges in the world. #Binance #Cryptocurrency #CoC
Kraken Agrees to Buy Tokenization Specialist Backed Finance as RWA Trend Accelerates
XStocks: A New Era of Tokenized Equity XStocks is a groundbreaking platform that brings traditional equity investments to the world of cryptocurrencies. It allows users to invest in tokenized stocks, giving them access to some of the biggest companies in the world, all through the use of blockchain technology. What is
Poland's president vetoes strict crypto bill, clashes with government
The Controversial Bill The proposed bill, known as the "Polish Cryptocurrency Act," aimed to regulate the cryptocurrency market in Poland and provide a legal framework for businesses to operate within. However, President Andrzej Duda rejected the bill, citing worries that it would hinder the growth of startups and driv
Germany, Switzerland Shut Down $1.4B Crypto Mixer in Cross-Border Operation: Europol
- Cryptomixer shut down - Impact on ransomware groups and darknet markets - Alternative laundering options The takedown of Cryptomixer has sent shockwaves through the cryptocurrency community. The popular cryptocurrency mixing service, which allowed users to mix and anonymize their digital assets, was shut down by law
Goldman Sachs to buy ETF sponsor Innovator in $2 billion cash-and-stock deal
Goldman Sachs Expands in ETF Industry with Innovator Capital Management Acquisition Hashtags: #GoldmanSachs #ETFs #InnovatorCapitalManagement The acquisition of Innovator Capital Management by Goldman Sachs marks a major move for the Wall Street bank in the rapidly growing world of exchange-traded funds (ETFs). This de
Crypto self-custody is a fundamental right, says SEC's Hester Peirce
What is Self-Custody? Self-custody refers to the act of taking full control and responsibility for one's own assets, without relying on third parties such as banks or other custodial services. This means that individuals have complete ownership and possession of their assets, and are solely responsible for protecting a
UK Government to Start Cracking Down on Crypto Tax Avoidance in January
This move comes as the country aims to crack down on tax evasion and money laundering in the crypto space. New Guidelines for Crypto Exchanges The U.K. government has recently released new guidelines for crypto exchanges operating within its borders. These guidelines require exchanges to provide the British tax authori
Turkmenistan passes law regulating cryptocurrency mining and exchanges
Legalisation of Digital Assets in Turkmenistan The Central Asian country of Turkmenistan has recently made a major move towards regulating and legalizing digital assets. This decision comes as a surprise to many, considering the strict stance of the government on cryptocurrencies in the past. However, the country's sta
South Korea targets sub-$680 crypto transfers in sweeping AML crackdown
Stricter Reporting Requirements: The recent AML overhaul in South Korea has introduced stricter reporting requirements for virtual asset service providers (VASPs). This means that VASPs will now be required to report any suspicious transactions or activities to the Financial Services Commission (FSC) for further invest
Australia Moves to Regulate Crypto Platforms Under New Consumer-Protection Law
Regulatory Compliance: The implementation of this framework aims to provide investors with increased security and protection when investing in cryptocurrencies. By subjecting exchanges and custody providers to financial services laws, ASIC can better monitor and regulate their activities, ensuring they are following pr