Finoa, a cryptocurrency custody firm based in Berlin, is expanding its suite of services to offer its institutional clients easy access to a compliant form of decentralized finance (DeFi). Earlier this year, Finoa secured regulatory approval from the German financial regulator BaFin, allowing them to launch their new offering, FinoaConnect.FinoaConnect integrates with a carefully curated […]
PayPal, the Silicon Valley payments giant, has launched a new service that allows users to convert their crypto assets to US Dollars. This comes after the company launched its on-ramp service that allowed customers to buy crypto. The off-ramp service is available to wallets, dApps and NFT marketplaces, and it’s also live on MetaMask.The company […]
Gala Games has been rocked by a scandal involving its co-founders, Eric Schiermeyer and Wright Thurston, who have filed legal charges against each other. Schiermeyer has accused Thurston of misappropriating 8.6 billion Gala ($GALA) tokens from the company’s wallets, while Thurston has accused Schiermeyer of misappropriating $600 million worth of Gala ($GALA) tokens and shareholder […]
Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), is determined to have the agency regulate crypto assets. He will reiterate this view to lawmakers on September 12th. Gensler believes that most crypto tokens meet the Howey Test, which determines whether or not an asset or transaction can be deemed a […]
Bitcoin’s recent price movements have been unpredictable, leaving traders and investors uncertain of its next move. However, amidst this cautious climate, a rising star has emerged in the crypto sphere: Borroe.Finance ($ROE). The project has been gaining rapid recognition and captivating the attention of investors as a top crypto coin. It stands out with innovative […]
G20 countries, consisting of the world’s twenty-biggest economies, have unveiled plans for the swift implementation of a global framework for crypto assets. This initiative, known as the Crypto-Asset Reporting Framework (CARF), is poised to revolutionize how information about crypto transactions is exchanged among nations. During a two-day summit in New Delhi, G20 leaders unanimously called […]
India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. The framework is a five-point approach that focuses on setting up advanced Know Your Customer (KYC) for crypto companies, […]
France has taken a step towards licensing financial influencers by introducing a non-obligatory Responsible Influence Certificate. The certificate, which has been in existence since 2021, requires influencers to pass a 25-question multiple-choice test with a minimum of 75% correct answers. The course covers a range of investment products, including equities, bonds, ETFs, funds, derivatives, wine, […]
Coinbase has increased the interest rate on USDC held on the exchange from 2% to 5%, a 150% increase. This reward mechanism is funded directly by Coinbase and is not subject to SEC scrutiny. The move is an attempt to increase adoption of USDC, which has lagged behind its rival Tether’s USDT in terms of […]
Bitcoin could be in for a significant year in 2024, according to a report by Capriole Investments. Charles Edwards, the author of the report, suggests that a combination of factors, such as Bitcoin’s role as an inflation hedge, the upcoming Halving event, and the possibility of ETF approvals, could lead to high returns. Edwards addresses […]
