Kumo
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11 months, 3 weeks ago
Hex Trust Receives Virtual Asset Custodial License in Dubai
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…
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11 months, 3 weeks agoPartnership Aims to Boost Institutional Adoption of Digital Assets with Round-the-Clock Trading and Secure Custody Solutions
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.…
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11 months, 3 weeks agoAustralian Tax Office Extends Capital Gains Tax to Wrapped Crypto Tokens, Sparking Controversy
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…
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11 months, 3 weeks agoOn's Success in the Luxury Sneaker Market Surpasses Adidas and Nike
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 u…
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11 months, 3 weeks agoBlockchain.com Raises $110 Million in Series E Funding, Valuation Drops by Over 50%
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…
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11 months, 3 weeks agoBGX Invests $90 Million in OSL, Fueling Growth in Digital Asset Market
BC Technology Group, the parent company of OSL, a publicly listed crypto exchange, has received a strategic investment of HK$710 million (approximately $90 million) from BGX, the operator of the BitgetX platform.…
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11 months, 3 weeks agoFounders of Opyn DeFi Protocol Step Down and Exit Crypto Industry
Zubin Koticha and Alexis Gauba, the founders of the Opyn decentralized finance (DeFi) protocol, have announced their departure from the project and their decision to leave the crypto industry. This news comes after…
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11 months, 3 weeks agoCrypto.com Receives VASP License from Dubai's VARA, Expanding Presence in the Middle East
Crypto.com, a leading cryptocurrency exchange, has been granted a Virtual Assets Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com to offer a r…
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11 months, 3 weeks agoGROK Token Plummets Over 50% as Developer Linked to Past Crypto Scam
GROK, a memecoin inspired by Elon Musk’s Grok xAI chatbot service, has experienced a significant drop in value after it was revealed that its developer has a history of involvement in crypto scams. Despite its n…
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11 months, 3 weeks agoUniswap Labs Launches Android Mobile Wallet App with Built-in Swap Capability
Uniswap Labs has released an Android mobile wallet app on the Google Play store, allowing users to make swaps through the decentralized exchange (DEX) directly within the app. This eliminates the need for a…
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11 months, 3 weeks agoDubai-based Crypto.com Secures Regulatory Approval with VASP License
In a significant development, Crypto.com, based in Dubai, has obtained regulatory approval with the issuance of a Virtual Assets Service Provider (VASP) license from the city’s regulatory authority. This m…
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11 months, 3 weeks agoRipple vs. SEC Lawsuit Enters Critical Phase with Firm Timeline for Remedies
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the court has established a firm timeline for the remedies phase of the lawsuit. This phase is critical as it will…
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11 months, 3 weeks agoBitcoin's Future: Clash of Predictions as ETF Decision Looms
In the midst of discussions surrounding the potential approval of a Bitcoin spot price exchange-traded fund (ETF) in the United States, market analysts and cryptocurrency experts are divided on the future of…
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11 months, 3 weeks agoRaft DeFi Protocol Suffers $6.7 Million Security Breach and R Stablecoin Depegging
Raft, a decentralized finance platform, recently experienced a security breach despite undergoing multiple security audits. The breach resulted in a loss of $6.7 million worth of funds. The hacker exploited a smart…
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11 months, 3 weeks agodYdX Chain Enters Beta Mainnet Stage, Enabling Active Trading Across 33 Markets
The dYdX Chain has reached a significant milestone with the launch of its beta mainnet, allowing active trading across 33 markets. Users can now trade on the dydx.trade platform with up to 20x leverage. However,…
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11 months, 3 weeks agoXRP Ledger Set for Upgrade to Address NFT Challenges and Enhance Security
In a groundbreaking development for the Ripple (XRP) community, a new upgrade for the XRP Ledger (XRPL) is on the horizon. The “fixNFTokenRemint” amendment has passed the required consensus target and is now set…
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11 months, 3 weeks agoOpyn Undergoes Leadership Change Amid Regulatory Pressure
Opyn, a prominent options protocol in the decentralized finance (DeFi) space, is undergoing a significant leadership change in response to regulatory actions by the Commodity Futures Trading Commission (CFTC).…
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11 months, 3 weeks agoCrypto.com's Dubai Entity Receives VASP License, Boosting Dubai's Position as a Global Hub for Virtual Assets
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Assets Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com’s Dubai…
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11 months, 3 weeks agoAave Resumes Operations After Addressing Security Vulnerabilities
Aave, the decentralized lending protocol, has resolved security vulnerabilities and resumed its operations. The Community Guardian has unpaused Aave V3 markets, indicating that the issues have been resolved. A…
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11 months, 3 weeks agoCryptocurrency Industry Opposes Proposed Tax Regulations, Citing Threat to Decentralized Finance
The cryptocurrency industry is pushing back against proposed regulations that would require more entities to disclose digital currency transactions. The US Treasury Department released draft guidelines in August…
