During her opening speech at the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva emphasized the need for the public sector to be prepared for the deployment of central bank digital currencies (CBDCs) and related payment platforms in the future. Georgieva expressed optimism about the global implementation of CBDCs, stating that about 60 percent of […]
Hong Kong-based institutional cryptocurrency asset custodian, Hex Trust, has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This regulatory approval allows Hex Trust to offer virtual asset custodial services to institutional clients and investors in Dubai. The company had previously obtained a Minimal Viable Product (MVP) operational license […]
Cryptocurrency exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to promote institutional adoption of digital assets. The collaboration aims to address counterparty risks by enabling round-the-clock trading of segregated assets. CoinShares will execute trades on the OKX exchange, while Komainu will act as a third-party custodian to safeguard the collateral assets. […]
Hong Kong-based cryptocurrency asset custodian Hex Trust has received regulatory approval to offer virtual asset custodial services to institutional clients and investors in Dubai. The company, which already had a minimal viable product (MVP) operations license, has now obtained a full virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This […]
Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets, aiming to promote institutional adoption of digital assets. CoinShares will trade on the OKX exchange, while Komainu will hold the collateral assets as a third-party custody provider. This arrangement helps mitigate counterparty risks in trading […]
The Australian Taxation Office (ATO) has clarified that it will impose capital gains tax on wrapped tokens and token interactions with decentralized lending protocols. This clarification has come as a major setback to crypto holders in Australia. The ATO had previously outlined crypto capital gains as one of its key focus areas and had mentioned […]
On, the Swiss sports shoe brand, is experiencing tremendous success in the global market. In just 13 years, it has become a major player, competing with industry giants like Nike, Adidas, and Puma. On’s growth is unparalleled, with a nearly 50 percent increase in revenue from June to September this year, reaching 481 million Swiss […]
Crypto exchange and wallet provider Blockchain.com has recently closed a $110 million Series E financing round, led by UK-based venture capital firm Kingsway Capital. This investment has resulted in a significant decrease in the company’s valuation, which now stands at less than half of its previous $14 billion valuation from March 2022. Other participants in […]
