Kumo
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11 months, 3 weeks ago
German Parliamentarian Criticizes CBDCs, Advocates for Bitcoin as Global Digital Money Debate Intensifies
German Parliamentarian Joana Cotar has criticized the idea of introducing a Euro-based central bank digital currency (CBDC), stating that “no one needs it.” In a speech on November 9, Cotar argued that the Eur…
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11 months, 3 weeks agoFormer Head of Compliance at OneCoin Pleads Guilty; Crypto Queen Still on the Run
Irina Dilkinska, the former head of compliance at OneCoin, has pleaded guilty to charges of wire fraud and money laundering. Dilkinska, who served as “Head of Legal and Compliance” for the cryptocurrency pro…
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11 months, 3 weeks agoTaiwan's Financial Watchdog Grants First STO License to Cathay Securities
Taiwan’s Financial Supervisory Commission (FSC) has granted Cathay Securities the country’s first security token offering (STO) license. Cathay’s “Sunshine Green Yield” STO bonds, with a maturity of six years, an…
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11 months, 3 weeks agoSEC Chair Gensler Suggests Possible Resumption of FTX Operations, FTT Token Surges 90%
Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the agency is open to the possibility of the exchange resuming operations. Following Gensler’s comments at the DC Fintech Week c…
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11 months, 3 weeks agoBlackRock's Ethereum Trust Filing Signals Potential Breakthrough for ETH ETFs
BlackRock, a prominent investment management firm, has taken a significant step towards filing for an Ethereum Exchange-Traded Fund (ETF). The company recently registered the iShares Ethereum Trust in Delaware, a…
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11 months, 3 weeks agoTaiwanese Prosecutors Identify New Suspects in JPEX Scandal
Taiwanese prosecutors have identified two new suspects in the ongoing investigation of the JPEX scandal. Chang Tung-Ying, the chief partner of JPEX’s Taiwan Office, and JPEX lecturer Shih Yu-sheng are now under s…
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11 months, 3 weeks agoUS House Passes Amendment Limiting SEC's Authority Over Crypto Industry
US Republican House Majority Whip Tom Emmer has introduced an appropriation amendment aimed at curbing the power of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer criticizes Gensler’s a…
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11 months, 4 weeks agoStandard Chartered and SBI Holdings to Establish Digital Asset Joint Venture in UAE
SC Ventures, the fintech investment arm of Standard Chartered, is partnering with Japanese financial conglomerate SBI Holdings to establish a “Digital Asset Joint Venture” investment company in the UAE. The joi…
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11 months, 4 weeks agoTaiwan Prosecutors Uncover New Suspects in JPEX Cryptocurrency Exchange Scandal
The cryptocurrency exchange JPEX is facing further developments in its ongoing saga. Taiwan prosecutors have reportedly identified new alleged suspects in the case. The Taipei District Prosecutors Office (TDPO) has…
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11 months, 4 weeks agoSEC Chair's Support for Lawful FTX Revival Sparks 90% Surge in FTT Token
SEC Chair Gary Gensler’s recent comments have sparked a surge in the value of FTT tokens. Gensler hinted that FTX, which had previously faced bankruptcy, could potentially make a comeback if it adheres strictly t…
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11 months, 4 weeks agoTurkey Takes Steps to Regulate Cryptocurrencies
The Turkish Finance Minister has introduced a draft law for the regulation of cryptocurrencies, aiming to bring “legal certainty” and impose “strict requirements.” This move comes after Turkey was placed on the gra…
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11 months, 4 weeks agoSEC Chair Open to Rebooted Crypto Exchange FTX Under New Leadership Committed to Compliance
SEC Chair Gary Gensler has expressed openness to a potential reboot of the bankrupt cryptocurrency exchange FTX, as long as the new leadership operates within the boundaries of the law. Gensler emphasized the…
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11 months, 4 weeks agoAustralian Crypto Exchange CoinSpot Hacked for $2.4 Million in Probable Private Key Compromise
Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a hack, resulting in a loss of $2.4 million. The breach is believed to be a result of a compromised private key on one of CoinSpot’s hot w…
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11 months, 4 weeks agoCongressman Advances Amendment to Limit SEC's Crypto Enforcement Funding
Pro-crypto Congressman Tom Emmer has introduced an amendment to the federal budget that aims to prevent the Securities and Exchange Commission (SEC) from using government funds for crypto enforcement activities.…
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11 months, 4 weeks agoSEC Argues Binance's Motion to Dismiss Lawsuit Lacks Legal Basis
Binance, a major cryptocurrency exchange, is facing a lawsuit from the United States Securities and Exchange Commission (SEC) for allegedly selling unregistered securities and operating as an unlicensed exchange in…
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11 months, 4 weeks agoGemini's Compliance Measures Spark Concerns Over Crypto Freedom and Self-Custody
Gemini, a cryptocurrency exchange, has announced measures to comply with the controversial crypto Travel Rule in the United Kingdom. However, this move has been met with criticism from a Trezor analyst who believes…
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11 months, 4 weeks agoMinnesota Congressman Criticizes SEC Chair's Approach to Digital Asset Regulation
Rep. Tom Emmer (R-MN) delivered a scathing speech on the House floor, criticizing Securities and Exchange Commission (SEC) Chair Gary Gensler for his handling of digital asset regulation. Emmer accused Gensler of…
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11 months, 4 weeks agoProgmat Coin and MUFG Collaborate to Launch Stablecoins in Japan
The Progmat Coin ecosystem is making progress in Japan, with the aim of launching two stablecoins in the summer of 2024. Progmat, along with Mitsubishi UFJ Financial Group (MUFG) and wallet provider Ginco, is…
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11 months, 4 weeks agoTrump's Cryptocurrency Holdings Surge Amidst Political Landscape Shift
Former US President Donald Trump’s cryptocurrency holdings have experienced a significant surge in value, according to recent disclosures. Trump’s wallet, previously estimated at $2.8 million, has seen an inc…
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11 months, 4 weeks agoHSBC to Offer Digital Asset Custody Services in Collaboration with Ripple-Owned Metaco
HSBC Holdings Plc, one of the world’s largest banks, is making a strategic move in the financial industry by offering custody services for digital assets to institutional clients. In collaboration with Metaco, a d…
