Ethereum (ETH) has recently launched two major upgrades, the Merge and the Shanghai Upgrade, to transition from Proof of Work to the Proof of Stake consensus mechanism and improve scalability, usability, and security. However, a recent research report from JPMorgan (JPM) has confirmed that the transition to PoS puts Ethereum’s decentralized nature at risk, as […]
The Swiss banking sector is making headlines with the announcement of cryptocurrency services. The Lucerne Cantonal Bank (LUKB) made the first move by announcing a crypto offering for early 2024. This week, the Zuger Kantonalbank (ZugerKB) has taken the spotlight by offering immediate trading and custody services for six selected cryptocurrencies. This was made possible […]
Kraken, a prominent virtual currency exchange network, has declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate.BCM was established in 2017 and has already listed 170 different […]
Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has been granted major regulatory approval in the United Kingdom. The company has been given the green light by the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist […]
The now-bankrupt FTX exchange, its sister company Alameda, and venture capital firm Andreessen Horowitz (a16z) have reclaimed over 11.5 million SOL tokens worth about $255 million amid the bankruptcy proceedings. The crypto assets held by FTX totaled $3.4 billion, with SOL holdings topping the pile at $1.16 billion. Galaxy Finance is managing the crypto holdings, […]
The United Kingdom has an opportunity to capitalize on the departure of Web3 firms from the United States due to regulatory uncertainty. To achieve this, the U.K. must create its own regulatory path, smoothing the requirements for crypto in some regard. A recent report from the influential conservative think tank Policy Exchange has proposed 10 […]
The European Securities and Markets Authority (ESMA) released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on Oct. 5. The 307-page document seeks stakeholders’ input on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for white papers, trade transparency measures and record-keeping for crypto-asset service […]
THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform. The decision was made after consultation with advisors, legal counsel, and law enforcement. THORSwap will remain in this mode until a more permanent and robust solution can be implemented to ensure […]
BTCC, a renowned cryptocurrency exchange, has recently made significant updates to its VIP program, aiming to provide more benefits to its users. The revised program offers reduced trading fees for all VIP customers and simplifies the requirements for tier upgrades. This initiative has fueled a significant increase in BTCC’s active user base and daily trade […]
Ripple, a blockchain enterprise, has recently been making headlines. It won the UK’s PAY360 Awards for leadership in digital currencies, and a federal judge favored Ripple in a recent decision against the SEC. Additionally, Ripple was ranked 13th in Fortune’s “best workplace in technology” and was listed in People’s Magazine’s top caring companies. Sendi Young, […]
