The initiative, supported by the Singapore Economic Development Board (EDB), aims to foster the local developer ecosystem by supporting engineers to build the future of Web3, the decentralized internet powered by blockchain technology. "This brings us one step closer to our goal of increasing economic freedom by onboarding one billion people into the cryptoeconomy, and…
Read more
The two central banks explained that they will link their experimental central bank digital currency (CBDC) infrastructures, Ensemble Sandbox and Drex pilot platform, to explore payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement use cases in areas such as trade finance and carbon credits. The partnership builds on a 2018 agreement between the two organisations to foster…
Read more
The company took part in the Eurosystem's exploratory work on new technologies for wholesale central bank money settlement, with the initiative, led by the European Central Bank (ECB), aiming to explore the potential of distributed ledger technology (DLT) in enhancing financial market infrastructures. Eurex explained that the trials focused on cash settlement in cleared intraday…
Read more
The SEC alleges that Cumberland has been engaged in buying and selling crypto assets offered and sold as securities for its own accounts since at least March 2018. According to the SEC, as part of its complaint, Cumberland acted as a dealer by trading crypto assets via its Marea online trading platform and by engaging…
Read more
FTX's high-profile collapse in November 2022 sent shockwaves through the cryptocurrency industry. It resulted in the criminal conviction of FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud earlier this year. The United States Department of Justice states on its website that "Samuel Bankman-Fried orchestrated one of the largest financial…
Read more
The feature allows users to deposit and withdraw over 20 cryptocurrencies, including major players like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). “With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” commented Johann Kerbrat, VP and GM of Robinhood Crypto. “Support for deposits…
Read more
This approval allows OKX to offer digital payment token and cross-border money transfer services to customers in the country. This includes spot trading of cryptocurrencies for customers in Singapore. OKX has appointed Gracie Lin as CEO to spearhead its operations in Singapore. Lin brings a wealth of experience in the financial, public, and technology sectors, having…
Read more
This was confirmed with the news that the company, which runs the world’s biggest crypto exchange, has received a licence to operate as a full virtual-asset services provider (VASP). The licence has been issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The regulatory process goes through four stages in Dubai, with Binance entering the third…
Read more
This is reportedly the largest sell-off of the world’s most prominent crypto asset experienced in over a year. Despite falling below $62,000 at one stage during Saturday’s trading, BTC gained back 3.9%, which pushed it past the $64,000 mark on Sunday, 14 April 2024. At one point, this virtual currency spiked as much as 8.3%.…
Read more
They based this decision on the fact that the judge had used the December 2021 user agreement, but that didn't take into account the fact that earlier versions had used different language in some sections. The full title of the case is Louis Oberlander v. Coinbase Global Inc., 23-cv-184, US Court of Appeals (2nd Circuit).…
Read more