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Day: December 11, 2023

  1. Home
  2. 2023
  3. December
  4. 11
  • bob
  • 2023-12-11
  • Company News
  • Cryptocurrency Exchanges
  • Europe
  • Regulatory Developments

Binance to Discontinue Russian Ruble Trading Pairs as Part of Exit Strategy

Binance, the world’s largest cryptocurrency exchange, has announced that it will no longer support trading pairs involving the Russian Ruble (RUB) on its platform starting from January 31, 2024. This decision is part of Binance’s strategy to exit the Russian market after selling its local division to CommEX.Earlier this year, Binance faced scrutiny from the […]

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  • bob
  • 2023-12-11
  • Asia
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Regulatory Developments

South Korea Implements New Investor Protection Laws to Enhance Crypto Security

The Korean Financial Services Commission has introduced new investor protection laws to enhance the security of cryptocurrencies in South Korea. As part of these regulations, Korean Virtual Asset Service Providers (VASPs) will now be required to store 80% of their digital assets in cold wallets. This move aims to safeguard investors’ funds by reducing the […]

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  • bob
  • 2023-12-11
  • Company News
  • Fintech and Blockchain Startups
  • Investment Insights
  • Middle East

SBI Holdings and Saudi Aramco Explore Digital Asset Investment and Semiconductor Production Partnership

Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco have signed a memorandum of understanding (MoU) to explore collaboration in digital asset investment and semiconductor production projects. The agreement includes the establishment of SBI Middle East in Riyadh as a base for operations in the region.Under the MoU, SBI and […]

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  • bob
  • 2023-12-11
  • Asia
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

South Korea Proposes New Crypto Regulations for NFTs, Interest on Deposits, and Cold Wallet Security

South Korea’s top financial regulator, the Financial Services Commission (FSC), has proposed new regulations for crypto assets, specifically targeting non-fungible tokens (NFTs), interest on deposits, and the security of customer assets.The FSC aims to exclude NFTs from existing regulations that define “virtual assets” like cryptocurrencies. This is because NFTs have unique characteristics and are not […]

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  • bob
  • 2023-12-11
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Middle East
  • Regulatory Developments

Binance Founder Ordered to Stay in the US Until Sentencing, Terraform Labs Co-Founder Faces Extradition, EU Officials Reach Deal on AI Regulation, Almost a Thousand Crypto Exchanges Blocked in Kazakhstan, Blockchain Leadership Bill Passed in US House Committee

Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024. A federal judge determined that there is a flight risk if Zhao is allowed to return to the United Arab Emirates. The judge cited Zhao’s enormous wealth and property abroad, as well as his lack […]

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  • bob
  • 2023-12-11
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America
  • Regulatory Developments

Growing Senate Support for Warren Bill Raises Concerns Over Bitcoin Privacy and Infrastructure

Senator Elizabeth Warren’s proposed bill to regulate cryptocurrencies has gained support from five additional senators, including members of the Senate Banking, Housing and Urban Affairs Committee. The Digital Asset Anti-Money Laundering Act aims to address the risks of illicit finance associated with digital assets by expanding the definition of “financial institutions” to include cryptocurrency miners, […]

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  • bob
  • 2023-12-11
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • World

Uniswap Expands to Bitcoin Network Through Rootstock Integration

Decentralized exchange Uniswap has successfully expanded its operations to the Bitcoin blockchain by integrating with the Rootstock sidechain. This integration is a significant milestone for both Uniswap and Bitcoin, as it opens up new possibilities for decentralized exchanges on the flagship blockchain.The deployment of Uniswap version 3 on Rootstock was led by GFX Labs, the […]

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  • bob
  • 2023-12-11
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • World

Coinbase Lists SEAM, the First Base Layer 2 Token, Boosting Seamless Protocol’s DeFi Access

Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, on its platform. This makes SEAM the first Base Layer 2 token to be listed on Coinbase. Seamless Protocol is a decentralized lending and borrowing protocol that aims to expand access to decentralized finance (DeFi) by offering lower-collateral borrowing and focusing on […]

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  • bob
  • 2023-12-11
  • Company News
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Europe

Conio Partners with Coinbase to Bring Crypto Services to Italian Banks

Conio, a digital asset wallet owned by Italy’s postal service and Banca Generali, has partnered with Coinbase to bring a wide range of crypto services to the Italian banking space. With over 400,000 customers, Conio will collaborate with Coinbase Prime to offer liquidity to institutional players and support more than 50 tokens.The partnership aims to […]

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  • bob
  • 2023-12-11
  • Company News
  • Europe
  • Market Analysis and Predictions
  • Mergers and Acquisitions (M&A)

Julius Bär Faces Potential Losses Due to Risky Loans

Julius Bär, a supposedly conservative private bank, is reportedly facing a potential disclosure regarding its expected profits. The bank’s profits are expected to be lower than anticipated due to a 600 million credit for René Benko’s Signa Group. It is speculated that the bank may have incurred losses from other private debt clients as well.The […]

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