The Monetary Authority of Singapore (MAS) has released a whitepaper titled “Interlinking Networks” that focuses on interoperability for digital assets. The whitepaper proposes an Interlinked Network Model (INM) that can facilitate the exchange of digital assets across independent networks. This would allow financial institutions to transact with each other without being on the same network, […]
Is your Bitcoin wallet at risk due to outdated technology? A recent report by cryptocurrency startup Unciphered reveals a potential security threat to Bitcoin wallets created before 2016. Dubbed “Randstorm,” this software flaw affects wallets generated by BitcoinJS between 2011 and 2015. The flaw could have impacted approximately 1.4 million Bitcoin, with a potential value […]
Recent developments in the world of cryptocurrency have sparked discussions about the regulatory environment surrounding crypto-based exchange-traded funds (ETFs). The Securities and Exchange Commission (SEC) has decided to defer its ruling on Grayscale’s application for an Ethereum Futures ETF, which has caused controversy and speculation. Grayscale, a prominent player in the cryptocurrency investment space, submitted […]
Kevin O’Leary, the well-known venture capitalist and star of “Shark Tank,” has endorsed M2, a new crypto exchange based in Abu Dhabi. M2 aims to challenge established industry leaders like Binance by focusing on regulation and institutional support. The exchange’s strategy is to become the world’s largest regulated crypto exchange, a departure from the previous […]
Commerzbank, a major German bank, has obtained a cryptocurrency custody license, becoming the first full-service bank in Germany to do so. This license allows the bank to expand its digital asset offerings and provide custodial services for crypto assets. Commerzbank plans to establish a secure and compliant platform using blockchain technology for these services. The […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Crypto.com to offer regulated virtual asset services such as exchange services, broker-dealer services, management and investment services, and lending and borrowing services. The license is subject to compliance […]
Standard Chartered Bank has partnered with FundsDLT to offer blockchain-powered funds transfer services to clients in North Africa and the Middle East. The new platform will streamline and enhance asset managers’ front-to-back solutions, addressing the challenges of manual transfer processes in the asset management industry. This partnership aligns technical and security standards, allowing Standard Chartered […]
The global movement to promote crypto tax transparency is gaining momentum, with new requirements being placed on participants in digital asset markets in Europe and the U.S. These initiatives aim to ensure that transactions are reported and that participants comply with other provisions. This increased transparency is intended to address concerns about tax evasion and […]
Commerzbank, one of the largest banks in Germany, has received regulatory approval to offer crypto custody services, making it the first full-service bank in the country to do so. The approval was granted by the Federal Financial Supervisory Authority (BaFin) under the German Banking Act. This milestone allows Commerzbank to develop digital asset solutions, including […]
Liberland, a small micronation situated between Croatia and Serbia on the Danube river, is gaining attention in the cryptocurrency world. Led by its self-proclaimed president, Vít Jedlička, Liberland aims to establish a jurisdiction with minimal regulations to attract blockchain companies and operate on voluntary taxes. Bitcoin holds a significant role in the nation, with the […]
