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Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
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Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore
Sony Electronics has teamed up with Crypto.com to accept USDC payments in Singapore. The development aligns with the tech giant’s efforts to keep up with Web3-focussed fintech advancements, its announcement said.
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Ripple Signals Intent to Launch Wallet Service in New Trademark Filing: Reports
A new trademark filing from Ripple seeks approval for “downloadable software” for crypto custody, potentially signalling plans for a wallet service. In 2024, Ripple launched a crypto custody service for banks and fintech firms but has yet to introduce a wallet service.
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OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
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BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump
Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.
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Goldman Sachs Plans to Spin Out Blockchain-Based Digital Assets Platform : Report
Goldman Sachs is working to create a crypto platform. The company, presently, is in talks with various other fintech and Web3 firms which, it feels, have the potential to become partners and load the crypto platform with various features.
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South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
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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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Web3 Industry Touts Benefits of Cryptocurrencies, Blockchain Technology on National Fintech Day
The fintech sector in India reached an important milestone with the launch of UPI payments in April 2016. As the fintech sector matures, Web3 technologies like cryptocurrencies and blockchain have also started to make small but notable strides in recent years.
-
Indian Fintech Firms Calls Basel Committee's Crypto Rules Transparency-Driven, Progressive
Indian fintech firms have hailed the Basel Committee of Banking Supervision's (BCBS) crypto rules, and called the decision progressive and driven towards bringing more transparency to the relationship between cryptocurrencies and banks on an international level.
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Jack Dorsey’s Block Reportedly Under Investigation in the US
Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.
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New Zealand Commerce Minister Warns Leaders on Being Slow in Crypto Exploration
Andrew Bayly has expressed concerns that New Zealand’s ‘wait and see’ approach on Web3 and digital assets is snubbing its growth in fintech, gaming, blockchain, and other related sectors.
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CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App
CoinDCX has announced a partnership with US-based fintech firm Mesh. With this, the exchange could be attempting to have app visitors spend more time on the platform.
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Reddit, Jack Dorsey’s Block Reveal Crypto Investment Details as Tech Firms Begin Experimenting With Web3
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
-
World Fintech Day: Blockchain Is Here to Stay, Existing Fintech Players Must Welcome Web3, Say Experts
On the World Fintech Day, Web3 insiders from India have highlighted that blockchain is the next big refreshment to global financial systems. Meanwhile, the speed at which countries adopt blockchain and integrate it with their financial systems, has been called the metric that would change the game for nations looking to lead the Web3 revolution set...
-
Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
-
Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore
Sony Electronics has teamed up with Crypto.com to accept USDC payments in Singapore. The development aligns with the tech giant’s efforts to keep up with Web3-focussed fintech advancements, its announcement said.
-
Ripple Signals Intent to Launch Wallet Service in New Trademark Filing: Reports
A new trademark filing from Ripple seeks approval for “downloadable software” for crypto custody, potentially signalling plans for a wallet service. In 2024, Ripple launched a crypto custody service for banks and fintech firms but has yet to introduce a wallet service.
-
OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
-
BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump
Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.
-
Goldman Sachs Plans to Spin Out Blockchain-Based Digital Assets Platform : Report
Goldman Sachs is working to create a crypto platform. The company, presently, is in talks with various other fintech and Web3 firms which, it feels, have the potential to become partners and load the crypto platform with various features.
-
South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
-
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...
-
Web3 Industry Touts Benefits of Cryptocurrencies, Blockchain Technology on National Fintech Day
The fintech sector in India reached an important milestone with the launch of UPI payments in April 2016. As the fintech sector matures, Web3 technologies like cryptocurrencies and blockchain have also started to make small but notable strides in recent years.
-
Indian Fintech Firms Calls Basel Committee's Crypto Rules Transparency-Driven, Progressive
Indian fintech firms have hailed the Basel Committee of Banking Supervision's (BCBS) crypto rules, and called the decision progressive and driven towards bringing more transparency to the relationship between cryptocurrencies and banks on an international level.
-
Jack Dorsey’s Block Reportedly Under Investigation in the US
Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.
-
New Zealand Commerce Minister Warns Leaders on Being Slow in Crypto Exploration
Andrew Bayly has expressed concerns that New Zealand’s ‘wait and see’ approach on Web3 and digital assets is snubbing its growth in fintech, gaming, blockchain, and other related sectors.
-
CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App
CoinDCX has announced a partnership with US-based fintech firm Mesh. With this, the exchange could be attempting to have app visitors spend more time on the platform.
-
Reddit, Jack Dorsey’s Block Reveal Crypto Investment Details as Tech Firms Begin Experimenting With Web3
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
-
World Fintech Day: Blockchain Is Here to Stay, Existing Fintech Players Must Welcome Web3, Say Experts
On the World Fintech Day, Web3 insiders from India have highlighted that blockchain is the next big refreshment to global financial systems. Meanwhile, the speed at which countries adopt blockchain and integrate it with their financial systems, has been called the metric that would change the game for nations looking to lead the Web3 revolution set...
