The Korean Financial Services Commission has introduced new investor protection laws to enhance the security of cryptocurrencies in South Korea. As part of these regulations, Korean Virtual Asset Service Providers (VASPs) will now be required to store 80% of their digital assets in cold wallets. This move aims to safeguard investors’ funds by reducing the […]
Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco have signed a memorandum of understanding (MoU) to explore collaboration in digital asset investment and semiconductor production projects. The agreement includes the establishment of SBI Middle East in Riyadh as a base for operations in the region.Under the MoU, SBI and […]
South Korea’s top financial regulator, the Financial Services Commission (FSC), has proposed new regulations for crypto assets, specifically targeting non-fungible tokens (NFTs), interest on deposits, and the security of customer assets.The FSC aims to exclude NFTs from existing regulations that define “virtual assets” like cryptocurrencies. This is because NFTs have unique characteristics and are not […]
Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024. A federal judge determined that there is a flight risk if Zhao is allowed to return to the United Arab Emirates. The judge cited Zhao’s enormous wealth and property abroad, as well as his lack […]
Senator Elizabeth Warren’s proposed bill to regulate cryptocurrencies has gained support from five additional senators, including members of the Senate Banking, Housing and Urban Affairs Committee. The Digital Asset Anti-Money Laundering Act aims to address the risks of illicit finance associated with digital assets by expanding the definition of “financial institutions” to include cryptocurrency miners, […]
Decentralized exchange Uniswap has successfully expanded its operations to the Bitcoin blockchain by integrating with the Rootstock sidechain. This integration is a significant milestone for both Uniswap and Bitcoin, as it opens up new possibilities for decentralized exchanges on the flagship blockchain.The deployment of Uniswap version 3 on Rootstock was led by GFX Labs, the […]
Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, on its platform. This makes SEAM the first Base Layer 2 token to be listed on Coinbase. Seamless Protocol is a decentralized lending and borrowing protocol that aims to expand access to decentralized finance (DeFi) by offering lower-collateral borrowing and focusing on […]
Conio, a digital asset wallet owned by Italy’s postal service and Banca Generali, has partnered with Coinbase to bring a wide range of crypto services to the Italian banking space. With over 400,000 customers, Conio will collaborate with Coinbase Prime to offer liquidity to institutional players and support more than 50 tokens.The partnership aims to […]
Julius Bär, a supposedly conservative private bank, is reportedly facing a potential disclosure regarding its expected profits. The bank’s profits are expected to be lower than anticipated due to a 600 million credit for René Benko’s Signa Group. It is speculated that the bank may have incurred losses from other private debt clients as well.The […]
Russian President Vladimir Putin has made a bold prediction about the future of Western banking dominance and the rise of Bitcoin. Speaking at the VTB Investment Forum in Moscow, Putin stated that the era of Western technologies is coming to an end and that Bitcoin will play a role in reshaping international finance in the […]
