Cross-exchange crypto trading platform Cove Markets acquired by Robinhood LeapRate

December 15, 2021 BY Steffy Bogdanova

Cross-exchange crypto trading platform Cove Markets acquired by Robinhood

Christine Brown, Chief Operating Officer of Robinhood Crypto, said: Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry. Their wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits…

December 14, 2021 BY Steffy Bogdanova

Nuvei and Visa team up to release crypto-friendly debit cards

Nuvei’s Chair and CEO, Philip Fayer, commented: The branded Visa debit card is a huge asset to our partners and their users, enabling the immediate and seamless spending of crypto earnings,” he said, “With this program, Visa has played a vital role in expanding the crypto ecosystem by closing the gap between traditional finance and…

December 13, 2021 BY Steffy Bogdanova

BBVA Switzerland expands its crypto custody service with Ethereum

BBVA services stretch across Latin American countries, where investors have extensive interest in all kinds of digital assets, as well as in Europe and Turkey. The company noted in its official announcement that it plans to continue the expansion of its portfolio of digital assets in the coming months. The new BBVA service is currently…

December 09, 2021 BY Steffy Bogdanova

Visa adds crypto advisory services as awareness of crypto assets grows

Carl Rutstein, Global Head, Visa Consulting & Analytics, said: We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap. Uma Wilson, executive vice president, chief information and product officer at UMB Bank, added: We came…

November 29, 2021 BY Steffy Bogdanova

New German government calls for crypto regulation

The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…

November 19, 2021 BY Steffy Bogdanova

SEC issues charges in crypto investment scams

Michele Wein Layne, Regional Director of the SEC’s Los Angeles Regional Office, said: Defendant Ryan Ginster allegedly engaged in a fraudulent scheme raising millions in cryptocurrency using online investment programs and then converted the cryptocurrency for his own benefit. Individuals who hide behind the anonymity of cryptocurrency transactions to defraud investors should expect that the…

November 15, 2021 BY Steffy Bogdanova

TRM Labs, Eventus and Notabene team up to deliver compliance solution for digital asset ecosystem

Esteban Castaño, Co-founder and CEO of TRM Labs, said: Organizations operating in the crypto space are tasked with managing a complex regulatory landscape in a rapidly evolving market. Project TEN helps organizations address this complexity by bringing distinct areas of risk management expertise into one comprehensive offering. Eventus CEO Travis Schwab commented: Powered in part…

November 10, 2021 BY Steffy Bogdanova

Ripple reveals Ripple Liquidity Hub for enterprise customers

Ripple has used Liquidity Hub for two years for internal liquidity management as part of its On-Demand Liquidity (ODL) product. The new product, however, will be available for its of customers around the world, as well as any financial institutions, banks, fintechs or corporates. RippleNet GM Asheesh Birla said: We understand firsthand the need for…

November 08, 2021 BY Steffy Bogdanova

Sweden’s FI calls for ban of energy-intensive crypto mining

It has been estimated by the the University of Cambridge and Digiconomist that the two largest cryptocurrencies Bitcoin and Ethereum, together use nearly twice as much electricity in a year as the whole country of Sweden. This is attributed to the nature of the cyrpto mining process which requires a proof of work. Miners must…

November 08, 2021 BY Steffy Bogdanova

Fullerton Markets adds 10 cryptocurrencies for trading

All trades on Fullerton Markets are executed directly without requotes. The company uses “Straight Through Processing” (STP), passing on customers’ trades directly to its tier-one liquidity providers. Clients of Fullerton Markets can come onboard, get that strategy going and start trading on Bitcoin, Ethereum, Cardano, Ripple or Stellar. Mario Singh, CEO of Fullerton Markets, said:…

Tag: Crypto