Tag Archives: Cryptocurrency News

On the occasion of the G20 summit, India said that it is willing to closely cooperate with all member nations to work on a clear regulatory framework for crypto. In the upcoming months, India is planning to decide its own position and stand on digital assets after proper analysis and consultations. India would obviously consider the stance of global leaders on the acceptable crypto regulatory framework. While speaking on the sidelines of the G20 summit over the past weekend, Ajay Seth,...

Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process. Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendor’s cloud tools. While the extent of the crypto loss remains unclear, it raises concerns about the security of clients’...

AMF Chair Marie-Anne Barbat-Layani noted that the financial sector is highly regulated, and investment communications must be law-compliant, clear, and balanced. Two regulators in France, The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), have jointly set up a training module for finfluencers. Previously, the two bodies created the Responsible Influence Certificate in 2021. Since its launch, nearly 1,000 influencers have...

The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a result of the Financial Accounting Standards Board (FASB) approving new guidelines. Berenberg, a respected investment bank, has...

The partnership also includes an integration of Circle’s Cross-Chain Transfer Protocol (CCTP) with the OKX DEX aggregator to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and the OP Mainnet ecosystems Global crypto exchange OKX and stablecoin issuer Circle have partnered to bring USDC  features to the OKX Wallet and OKX DEX aggregator. This is according to a September joint announcement by the companies. Strap in for a next-gen USDC experience with #OKXWallet and...

The court also slammed them with a judicial fine of 135 million liras ( approximately $5 million) as the case came to a close. The long arm of the law may have finally caught up with Faruk Fatih Özer, the founder of the Turkish crypto exchange Thodex which collapsed two years ago. According to a local media report, Faruk, alongside his sister Serap Özer and his brother Güven Özer have all been sentenced to 11,196 years, 10 months, and 15 days in prison. The court also slammed them with a...

In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan will use a digital deposit asset to quicken these payments. A Bloomberg report notes that JPMorgan has already developed...

Coinbase’s vice presidents for international business and international policy are clearly dissatisfied with the regulatory situation in the United States. Coinbase is strategically expanding its cryptocurrency exchange services globally, with a particular emphasis on markets with clear regulatory frameworks. In its short-term expansion strategy, Coinbase is prioritizing countries outside the United States based on their well-defined cryptocurrency regulations. Notable countries in this...

ZAN is powered by technical innovations from AntChain Open Labs. Chinese fintech giant Ant Group, the creator of the world’s biggest payment platform Alipay, is expanding its foothold into the crypto industry with the launch of ZAN, a blockchain service platform aimed at both Hong Kong and global markets to simplify the complexities of blockchain technology. In a press release published on September 8, the company’s CEO Zhang Hui announced the launch of ZAN during a conference in Shanghai,...

The Tokyo Game Show 2023 will feature Oasys and double jump.tokyo, highlighting the latest trends in blockchain gaming. The Tokyo Game Show 2023, renowned as one of Japan’s largest gaming expos, is set to host a significant exhibition on blockchain gaming. Oasys, a blockchain-based game development platform, and double jump.tokyo will be the main attraction, showcasing the latest trends in the blockchain gaming industry. According to the Tokyo Game Show announcement, the event will take...