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US FDIC to Reevaluate 'Supervisory Approach' to Crypto-Related Activities
Travis Hill, the interim chief of the US FDIC said that the agency will review and revise its previously suggested anti-crypto directives to American banks. This week, the US senators gathered for a hearing about the debanking of crypto clients in the US, during which he presented a 790-page document featuring letters from US’ banking community w...
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Crypto Exchange Kraken Shuts Down NFT Marketplace
Kraken is shutting down its NFT marketplace. As per the company clients have been informed of the changes and our team will support them as they move their NFTs to their Kraken Wallet or a self-custodial wallet of choice,
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Binance's Tri-Party Model: How It’s Calming Institutional Investor Concerns, According to Division Head
In conversation with Gadgets 360, Catherine Chen, Head of VIP & Institutional at Binance, highlighted that crypto asset volatility continues to make investors hesitant to explore the asset class. Chen emphasized that the primary challenge for exchanges in gaining investor trust—across all levels—lies in continuous research to precisely identify...
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Crypto Price Today: Bitcoin Surges to $61,000 as Broader Crypto Market Signals Recovery for Altcoins
The overall crypto market cap has risen by 6.64 percent in the last 24 hours. Bitcoin and Ether both recorded substantial profits in the last 24 hours. Dogecoin, Solana, and Cardano recorded gains on Friday, August 9. The recent announcement of Morgan Stanley’s plan to offer Bitcoin ETFs to its wealthy clients further fuels optimism in the market...
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Ferrari Expands Crypto Payments Support to Europe Due to ‘Evolving Client Needs’
Ferrari is preparing to let its European customer base make purchases through cryptocurrencies. The 85-year-old company said in its blog that it is leveraging the expertise of multiple companies from the crypto payment sector to make sure all transactions are secure.
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Brazil’s Largest Bank Opens Crypto Trading for Over 60 Million of Its Users
Brazil’s largest bank Itau Unibanco has opened crypto trading services for its massive userbase of over 60 million. Guto Antunes, the head of Itaú Digital Assets said that the acceptance of the crypto trading service was high. The bank had conducted weekly surveys with the clients that were part of the trials.
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Crypto Storage Provider Liminal Custody Registers Indian Entity with Financial Intelligence Unit
Liminal Custody's Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). The company aims to use the FIU registration to serve institutional clients across India as a trusted entity.
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Middle Eastern Crypto Exchange Rain Grabs License to Handle Assets in UAE
Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates.
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Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering
Binance is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday.
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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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Israel Seized Binance Crypto Accounts to 'Thwart' Islamic State, Claims Document
Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show. Israel's National Bureau for Counter Terror Fi...
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Crypto Bank Anchorage Digital Lays Off 20 Percent of Its Staff Amid Shutdowns, Looming Uncertainties
Citing regulatory uncertainty, San Francisco-based Anchorage Digital bank has laid off 20 percent of its work force, leaving 75 employees jobless. The lender is trying to face the oncoming macroeconomic challenges fuelled by crypto volatility with a strategic approach.
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Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
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Silvergate Bank Announces Plans to Shut Down Amid Market Turmoil Following FTX Collapse
Silvergate Bank, a titan in the cryptocurrency banking business on Wednesday announced that it would shut down amid market turmoil and increasing pressure from regulators following the collapse of crypto firm FTX. Last week, Silvergate shut down its payments network, which allowed customers to transfer funds around the clock.
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Binance Proof-of-Reserves Auditor Mazars Pauses Work Temporarily for Crypto Clients: Report
Mazars, the auditing firm working with major cryptocurrency exchange Binance, has paused all work for clients in the crypto industry, news outlet Coindesk reported on Friday, citing an emailed statement from Binance.
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US FDIC to Reevaluate 'Supervisory Approach' to Crypto-Related Activities
Travis Hill, the interim chief of the US FDIC said that the agency will review and revise its previously suggested anti-crypto directives to American banks. This week, the US senators gathered for a hearing about the debanking of crypto clients in the US, during which he presented a 790-page document featuring letters from US’ banking community w...
-
Crypto Exchange Kraken Shuts Down NFT Marketplace
Kraken is shutting down its NFT marketplace. As per the company clients have been informed of the changes and our team will support them as they move their NFTs to their Kraken Wallet or a self-custodial wallet of choice,
-
Binance's Tri-Party Model: How It’s Calming Institutional Investor Concerns, According to Division Head
In conversation with Gadgets 360, Catherine Chen, Head of VIP & Institutional at Binance, highlighted that crypto asset volatility continues to make investors hesitant to explore the asset class. Chen emphasized that the primary challenge for exchanges in gaining investor trust—across all levels—lies in continuous research to precisely identify...
-
Crypto Price Today: Bitcoin Surges to $61,000 as Broader Crypto Market Signals Recovery for Altcoins
The overall crypto market cap has risen by 6.64 percent in the last 24 hours. Bitcoin and Ether both recorded substantial profits in the last 24 hours. Dogecoin, Solana, and Cardano recorded gains on Friday, August 9. The recent announcement of Morgan Stanley’s plan to offer Bitcoin ETFs to its wealthy clients further fuels optimism in the market...
-
Ferrari Expands Crypto Payments Support to Europe Due to ‘Evolving Client Needs’
Ferrari is preparing to let its European customer base make purchases through cryptocurrencies. The 85-year-old company said in its blog that it is leveraging the expertise of multiple companies from the crypto payment sector to make sure all transactions are secure.
-
Brazil’s Largest Bank Opens Crypto Trading for Over 60 Million of Its Users
Brazil’s largest bank Itau Unibanco has opened crypto trading services for its massive userbase of over 60 million. Guto Antunes, the head of Itaú Digital Assets said that the acceptance of the crypto trading service was high. The bank had conducted weekly surveys with the clients that were part of the trials.
-
Crypto Storage Provider Liminal Custody Registers Indian Entity with Financial Intelligence Unit
Liminal Custody's Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). The company aims to use the FIU registration to serve institutional clients across India as a trusted entity.
-
Middle Eastern Crypto Exchange Rain Grabs License to Handle Assets in UAE
Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates.
-
Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering
Binance is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday.
-
HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
-
Israel Seized Binance Crypto Accounts to 'Thwart' Islamic State, Claims Document
Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show. Israel's National Bureau for Counter Terror Fi...
-
Crypto Bank Anchorage Digital Lays Off 20 Percent of Its Staff Amid Shutdowns, Looming Uncertainties
Citing regulatory uncertainty, San Francisco-based Anchorage Digital bank has laid off 20 percent of its work force, leaving 75 employees jobless. The lender is trying to face the oncoming macroeconomic challenges fuelled by crypto volatility with a strategic approach.
-
Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
-
Silvergate Bank Announces Plans to Shut Down Amid Market Turmoil Following FTX Collapse
Silvergate Bank, a titan in the cryptocurrency banking business on Wednesday announced that it would shut down amid market turmoil and increasing pressure from regulators following the collapse of crypto firm FTX. Last week, Silvergate shut down its payments network, which allowed customers to transfer funds around the clock.
-
Binance Proof-of-Reserves Auditor Mazars Pauses Work Temporarily for Crypto Clients: Report
Mazars, the auditing firm working with major cryptocurrency exchange Binance, has paused all work for clients in the crypto industry, news outlet Coindesk reported on Friday, citing an emailed statement from Binance.
