Commerzbank, a German bank, has received a crypto custody license from local regulators, making it the first “full-service” bank in Germany to obtain such a license under the German Banking Act. This license allows Commerzbank to offer custody services for crypto assets and expand its digital asset services. The bank’s chief operating officer, Dr. Jörg […]
In a compelling address at the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva urged nations to prepare for the eventual deployment of central bank digital currencies (CBDCs). She expressed optimism despite acknowledging that widespread adoption of CBDCs is still on the horizon, with approximately 60% of countries currently exploring these digital currencies in some […]
Cryptocurrency exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to promote institutional adoption of digital assets. The collaboration aims to address counterparty risks by enabling round-the-clock trading of segregated assets. CoinShares will execute trades on the OKX exchange, while Komainu will act as a third-party custodian to safeguard the collateral assets. […]
Zubin Koticha and Alexis Gauba, the founders of the Opyn decentralized finance (DeFi) protocol, have announced their departure from the project and their decision to leave the crypto industry. This news comes after Opyn recently settled an enforcement action with the US Commodity and Futures Trading Commission (CFTC). In a statement, Koticha expressed the emotional […]
Uniswap Labs has released an Android mobile wallet app on the Google Play store, allowing users to make swaps through the decentralized exchange (DEX) directly within the app. This eliminates the need for a separate web browser extension. The app was initially released in a closed beta in October, but now the Android version is […]
Raft, a decentralized finance platform, recently experienced a security breach despite undergoing multiple security audits. The breach resulted in a loss of $6.7 million worth of funds. The hacker exploited a smart contract glitch to mint 6.7 million R tokens by borrowing 6,000 Coinbase-wrapped staked Ether (cbETH) on Aave. The primary cause of the exploit […]
The dYdX Chain has reached a significant milestone with the launch of its beta mainnet, allowing active trading across 33 markets. Users can now trade on the dydx.trade platform with up to 20x leverage. However, there will be no trading rewards during this beta stage. This transition follows a governance vote with overwhelming community support. […]
In a groundbreaking development for the Ripple (XRP) community, a new upgrade for the XRP Ledger (XRPL) is on the horizon. The “fixNFTokenRemint” amendment has passed the required consensus target and is now set to enter the 14-day activation countdown period, with an ETA of November 27. This amendment aims to address the challenges associated […]
Tether, a major stablecoin issuer, has recently increased its minting of USDT tokens, issuing a significant amount of new tokens in just one month. This aggressive expansion strategy has raised eyebrows in the market, with 4 billion USDT being minted, including 1 billion on Tron and 1 billion on Ethereum. Tether has also burned USDT […]
The United States Securities and Exchange Commission (SEC) is on the verge of making a significant decision that could have a profound impact on cryptocurrency investments. By November 17, the SEC may approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications, opening up a new era of accessibility for digital assets. However, it’s important […]
