The European Union has made significant progress in regulating crypto by approving its Markets in Crypto Assets (MiCA) framework. However, according to Rupert Schaefer, Executive Director of Strategy, Policy and Control at BaFin, the need for global regulation still remains. Schaefer compared regulators to air traffic control and “some crypto assets and decentralized finance projects” […]
Bitget, a top cryptocurrency derivatives exchange and copy trading platform, has announced a strategic partnership with Cobo SuperLoop, an off-exchange settlement network by the renowned leader in institutional digital asset custody technologies. This integration marks a significant step forward for both organizations and the broader cryptocurrency ecosystem.The collaboration is driven by a shared commitment to […]
Currynomics Labs, a fintech start-up, has successfully closed its €400,000 investment round, ensuring that Redcurry, a real estate-backed digital currency, will become globally available in 2024. Redcurry is designed to provide stability and reliability in today’s ever-changing financial landscape, while also growing in value. Notable investors, including Pasi Pohjala (FinBAN), Aleksander Denisoff, Asse Sauga, Dejan […]
Deutsche Bank, a major financial institution, has partnered with Taurus, a leading technology provider specializing in tokenization and crypto custody. This collaboration will enable Deutsche Bank to offer bespoke escrow and tokenization services. Taurus’ technology is capable of securely storing and managing a variety of cryptocurrencies, as well as facilitating the digitization and tokenization of […]
A federal judge today denied the US Securities and Exchange Commission’s (SEC) request to access the crypto firm Binance.US’s technology infrastructure. Binance.US lawyers argued that the SEC’s request for documents was “overbroad.” Federal Magistrate Judge Zia Faruqui proposed the SEC formulate a more targeted request and interview more witnesses.The SEC had filed for expedited discovery […]
Canto and Astar, two layer-1 blockchains, have announced plans to migrate to Ethereum as layer-2 zero-knowledge rollups. Canto is a permissionless general-purpose blockchain that is EVM-compatible and aims to onboard the traditional financial sector to decentralized finance applications. Canto will inherit Ethereum’s security, enabling more decentralization and trustless guarantees when bridging assets over. Meanwhile, some […]
The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US’s software in a Sept. 18 hearing, with the judge saying he isn’t “inclined to allow the inspection at this time.” The SEC has been attempting to gain access to the software and detailed information from Binance.US since it sued […]
Binance, the world’s largest cryptocurrency exchange, has been facing a difficult year in the US. The SEC filed a lawsuit against it in June, while the US Commodity Futures Trading Commission charged Binance and CEO Changpeng Zhao with ”willful evasion of federal law” in March. In response to the regulatory storm, Binance.US has appointed a […]
Citigroup, a financial services and banking giant, has reportedly launched a private blockchain for its clients. The product, called Citi Token Services, is designed to tokenize client deposits and improve cash management and trade-finance capabilities. According to Citigroup’s global head of services, Shahmir Khaliq, the development of Citi Token Services is part of the company’s […]
The North Korean Lazarus Group was responsible for the extensive $27 million hack of the CoinEx cryptocurrency exchange. Despite this, Monero ($XMR) has maintained its bullish momentum despite a bearish trend in the general market. Investors are rushing to buy Borroe.Finance ($ROE), as it is the best-performing coin currently. SlowMist reported that the North Korean […]
