Kumo
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11 months, 2 weeks agoJ.P. Morgan and Apollo Global Collaborate with Avalanche to Revolutionize Asset Management through Blockchain
Onyx by J.P. Morgan, in collaboration with Apollo Global and under the aegis of the Monetary Authority of Singapore’s Project Guardian, has unveiled a proof-of-concept with Avalanche, a leading blockchain p…
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11 months, 2 weeks ago
Binance to Launch Cryptocurrency Exchange in Thailand Through Joint Venture with Gulf Energy
In early 2024, Binance, one of the world’s largest cryptocurrency exchanges, plans to launch a new exchange in Thailand through a joint venture with Gulf Energy Development. The project, known as Gulf Binance, r…
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11 months, 2 weeks agoNew York Strengthens Regulations for Cryptocurrency Listing and Delisting to Protect Investors
The New York State Department of Financial Services (NYDFS) has announced new regulations aimed at safeguarding investors in the cryptocurrency market. Cryptocurrency companies will now be required to submit their…
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11 months, 2 weeks agoCommerzbank Becomes First German Full-Service Bank to Obtain Crypto Custody License
Commerzbank, a leading German full-service bank, has achieved a significant milestone by becoming the first bank in Germany to receive a Crypto Custody Licence. This license allows the bank, which manages assets…
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11 months, 2 weeks agoBinance and Gulf Energy to Launch Thailand-Based Crypto Exchange in 2024
Binance, one of the world’s largest cryptocurrency exchanges, is set to launch a new exchange in Thailand in early 2024. The exchange, called Gulf Binance, is a joint venture with Gulf Energy Development, a major e…
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11 months, 2 weeks agoNew York Tightens Regulations for Cryptocurrency Listings and Delistings to Protect Investors
The New York State Department of Financial Services (NYDFS) has announced stricter guidelines for cryptocurrency firms listing and delisting coins in the state. The new restrictions require crypto companies to…
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11 months, 2 weeks agoLawmakers Urge Revisions to US Treasury's Digital Asset Tax Rules, Citing Potential Damage to Innovation and Ecosystem
Several American lawmakers have expressed concerns about the proposed taxation scheme for digital assets in a letter to the U.S. Treasury. They argue that the current rules could stifle innovation and harm the…
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11 months, 3 weeks agoThe Evolution of Financial Tools: From Credit Cards to Online Banking
Modern credit cards were invented in the 1950s but took time to gain widespread adoption. It wasn’t until the 1970s that clear rules for fair lending were established, eliminating discrimination. Despite initial s…
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11 months, 3 weeks agoUS House Subcommittee Explores Blockchain Technology and Crypto Crime
The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion recently held a hearing on the use of blockchain technology in the context of crypto crime. The…
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11 months, 3 weeks agoCourt Dismisses Lawsuit Against BitFinex and Tether Alleging False Reserve Disclosures
The court has finalized the dismissal of a class action lawsuit against BitFinex and Tether after the plaintiffs chose not to appeal the ruling. The lawsuit accused the companies of misleading consumers about the…
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11 months, 3 weeks agoCiti Collaborates with T.Rowe Price and Fidelity International to Develop Blockchain Solution for FX Trading
Citi, in collaboration with T.Rowe Price and Fidelity International, has developed a blockchain solution for foreign exchange (FX) trading as part of Singapore’s Project Guardian. This marks a significant step in i…
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11 months, 3 weeks agoCommerzbank Becomes First Full-Service Bank in Germany to Obtain Crypto Custody License
German banking giant Commerzbank has become the first full-service bank in Germany to receive a crypto custody license under the German Banking Act. This license allows Commerzbank to offer custody services for…
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11 months, 3 weeks agoCircle Ventures Makes Strategic Investment in Layer 1 Blockchain Sei, Expanding USDC Integration and Cross-Border Transactions
Circle Ventures, the investment arm of USDC stablecoin issuer Circle, has made a strategic investment in Layer 1 blockchain Sei. This investment includes go-to-market advice for Circle’s stablecoin i…
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11 months, 3 weeks agoSingapore's Monetary Authority Proposes Interlinked Network Model for Digital Asset Interoperability
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) tha…
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11 months, 3 weeks agoPotential Security Threat Unveiled for Pre-2016 Bitcoin Wallets
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,” thi…
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11 months, 3 weeks agoSEC Delays Ruling on Grayscale's Ethereum Futures ETF Application, Sparking Controversy and Regulatory Discussions
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…
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11 months, 3 weeks agoKevin O'Leary Backs M2, Abu Dhabi Crypto Exchange, to Challenge Binance and Champion Regulation
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 re…
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11 months, 3 weeks agoCommerzbank Becomes First Major German Bank to Obtain Cryptocurrency Custody License
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…
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11 months, 3 weeks agoCrypto.com's Dubai Entity Receives VASP License from VARA, Allowing Regulated Virtual Asset Services
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 reg…
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11 months, 3 weeks agoStandard Chartered Partners with FundsDLT to Offer Blockchain-Powered Transfer Service in North Africa and the Middle East
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’ f…
