Category: Cryptocurrency

February 10, 2023 BY Steffy Bogdanova

Kraken discontinues crypto staking in US following a $30 million settlement with SEC

According to SEC’s complaint, Kraken has offered and sold its crypto asset “staking services” since 2019, advertising annual investment returns of as much as 21%. SEC Chair Gary Gensler commented: Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures…

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Revolut
February 07, 2023 BY Steffy Bogdanova

Revolut to offer crypto staking in Europe and the UK

The digital bank now offers nearly 100 different cryptocurrencies. However, staking will be initially limited to the Polkadot (DOT), Ethereum (ETH), Tezos (XTZ), and Cardano (ADA). Yields are said to range from 11.65% to 2.99% but not guaranteed. Crypto staking Crypto staking is when the holder of a cryptocurrency, who keeps it in a wallet,…

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February 01, 2023 BY Steffy Bogdanova

UK plans to regulate crypto and protect consumers

The official announcement further pointed out that crypto assets are relatively new and constantly evolving and as a new sector it continues to experience high volatility levels. Furthermore, the recent failures of high-profile companies following the collapse of FTX have “exposed the structural vulnerability of some business models in the sector.” The announcement stated: Our…

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January 23, 2023 BY Steffy Bogdanova

SEBA Bank launches new crypto banking offering

Mathias Schuetz, Chief Commercial Officer EMEA, said: SEBA is a crypto banking industry leader, bridging and simplifying traditional and digital finance. Since its creation, we have developed a unique universe of products and services. With the launch of the SEBA new offering consisting of the Gold program, the Platinum program, and the Corporate program, we…

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Bankruptcy chapter 11
January 20, 2023 BY Steffy Bogdanova

Genesis Global files for bankruptcy

Paul Aronzon, an independent director at Genesis, said: We have crafted a deliberate process and roadmap through which we believe we can reach the best solution for clients and other stakeholders. We look forward to advancing our dialogue with DCG and our creditors’ advisors as we seek to implement a path to maximize value and…

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Integral Digital
January 19, 2023 BY Steffy Bogdanova

Integral introduces crypto platform Integral Digital

According to the official announcement, Integral Digital is offered on a subscription basis and can integrate with in-house and third-party providers via FIX and Rest APIs. Additionally, the newly launched platform offers a fully integrated Prime Brokerage solution providing direct market access to multiple exchanges and market makers via a single account, which maximizes netting…

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January 19, 2023 BY Steffy Bogdanova

Crypto bank Genesis to file for bankruptcy

A bankruptcy filing has been in the works for weeks after the bank froze all customer withdrawals on 16 November. The events followed the collapse of major crypto exchange FTX. The liquidity crisis also impacted Genesis’ partnership with Gemini, founded by the Winklevoss twins. The two companies had an agreement to offered a crypto lending…

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January 18, 2023 BY Steffy Bogdanova

Coinbase halts operations in Japan due to market volatility

Coinbase made the announcement on Wednesday, telling its customers they can withdraw their fiat and crypto holdings from Coinbase until 16 February 2023. The company recommends that its clients transfer their funds to other Virtual Assets Service Provider, Coinbase Wallet or any other self-hosted wallet or they can liquidate their portfolio and withdraw their funds…

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