29 / 56 Relevant items tagged with #NewsBytes
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Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic Partnership
[Oct 2, 2024 9:30 AM] Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic…
Kraken to Delist Monero (XMR) Across Europe
[Oct 2, 2024 7:30 AM] Kraken has announced the delisting of Monero (XMR) across the entire European Economic Area (EEA) due to regulatory changes. Effective October 31, 2024, at 15:00 PM UTC, trading and deposits for all XMR markets will be halted, and any open orders…
Aussie Bank Joins MAS’ Digital Asset Interoperability Project
[Oct 2, 2024 6:30 AM] The Australian financial institution ANZ Bank has joined Project Guardian, a Monetary Authority of Singapore (MAS) initiative exploring the digitization of financial markets. In partnership with Chainlink Labs and ADDX, ANZ will investigate the…
Metaplanet Adds 107.9 BTC, Holdings Reach 506.7 BTC
[Oct 1, 2024 7:30 PM] The Tokyo Stock Exchange listed Metaplanet Inc. has purchased an additional 107.913 bitcoins (BTC) worth $69.42 million (one billion yen). This brings the company’s total bitcoin holdings to 506.745 BTC, acquired at an average price of…
Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans
[Oct 1, 2024 8:30 AM] Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder…
Bukele and Milei Meet: Zero-Deficit Budgets, Security, and Policy Discussed
[Oct 1, 2024 7:30 AM] The presidents of Argentina and El Salvador, Javier Milei and Nayib Bukele, met on Monday in Buenos Aires to discuss several issues concerning the mutual problems of their countries. The meeting, attended by members of both cabinets, covered topics…
Japan to Review Crypto Regulations, Potentially Easing Tax Burden
[Oct 1, 2024 6:30 AM] Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient…
Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations
[Sep 30, 2024 9:30 AM] The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations…
Matrixport Strengthens European Presence with Acquisition of Swiss Crypto Asset Manager
[Sep 30, 2024 8:30 AM] Matrixport, a crypto financial services provider with $6 billion in assets under management, has completed its all-cash acquisition of Crypto Finance Asset Management AG, a licensed Swiss crypto asset manager previously part of the Deutsche Börse…
CZ Outlines His Next Moves After Being Released
Deep Chainsaw: Milei’s Government Prepares New Measures to Curb Public Spending
[Sep 29, 2024 8:30 AM] Federico Sturzenegger, Argentine President Javier Milei’s Minister of De-Regulation and State Transformation, explained that the administration is preparing to implement new measures to reduce public spending. Calling it “Deep Chainsaw,”…
US License Expiration Imperils Russia-China Trade in Chinese Yuan
[Sep 28, 2024 11:31 PM] A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded…
Zimbabwe Devalues Gold-Backed Currency by 44%
[Sep 28, 2024 6:45 PM] The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that…
Blackrock Joins Race to Issue New Stablecoin
[Sep 27, 2024 10:30 AM] Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars…
Dubai Regulator Increases Scrutiny on Crypto Companies
[Sep 27, 2024 9:30 AM] Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain…
Worldcoin and Tools for Humanity Fined in South Korea
[Sep 27, 2024 8:30 AM] Worldcoin, the biometric identification project, and its parent company, Tools For Humanity (TFH), have been fined by the Personal Information Protection Commission (PIPC), South Korea’s data protection agency, for violating the Personal…
MENA’s Crypto Market Soars With Türkiye, UAE, Saudi Arabia, and Qatar Leading the Charge
[Sep 27, 2024 7:30 AM] According to a Chainalysis report, the Middle East & North Africa (MENA) region has emerged as a significant player in the global crypto market, ranking seventh globally with $338.7 billion in on-chain value received between July 2023 and June…
Check Point Discovers Mobile Crypto Drainer App on Google Play Store: $70K Stolen From 10,000 Users
[Sep 26, 2024 1:00 PM] Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets and targeted users…
Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services
[Sep 26, 2024 10:30 AM] Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities…
BOS Open-Sources Zero-Knowledge Protocol, Paving the Way for Advanced Cryptography on Bitcoin
[Sep 26, 2024 9:30 AM] BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain, enables zero-knowledge…
Lightning Wallet Osmo Brings Financial Services to Puerto Rico
[Sep 26, 2024 7:30 AM] Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using…
Nigerian Currency Plunges After Central Bank Rate Hike
[Sep 25, 2024 11:05 PM] The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign…
Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
[Sep 25, 2024 7:30 AM] The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor…
Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence
[Sep 24, 2024 8:05 PM] On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the…
Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility
[Sep 24, 2024 5:25 PM] Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to…
Stepn Partners With Adidas for Genesis Sneakers NFT Launch
[Sep 24, 2024 9:30 AM] Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go…
Bank of Canada Redirects Efforts Away From Retail CBDC
[Sep 23, 2024 8:45 PM] The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which…
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
[Sep 23, 2024 6:40 PM] Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday…
Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations
[Sep 23, 2024 9:45 AM] The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the…