EU Adopts 14th Package of Sanctions Against Russia
The European Union has introduced new sanctions targeting crypto providers outside of Europe that support Russia’s defense sector. In order to “target high-value sectors of the Russian economy, like energy, finance, and trade, and make it ever more difficult to circumvent EU sanctions,” European leaders have approved a new round of penalties. Restrictive measures on […]
Taurus Expands Custody, Issuance Platforms to Stellar
Taurus’s fintech business has extended its custody and issuance platforms to include the Stellar network. On Monday, June 24, the FINMA-regulated Taurus announced the expansion and mentioned that Taurus-PROTECT and Taurus-CAPITAL are operational on Stellar. The two platforms are the custody and digital issuance and tokenization services the regulated firm provides, respectively. Taurus will thus […]
Hut 8 Secures $150M Funding to Build AI Infrastructure
Hut8, a significant player in bitcoin mining, revealed that Coatue had provided $150 million in strategic capital to help it become a “leader in the AI infrastructure market.” Hut 8, a Miami-based Bitcoin mining company, revealed on Monday that it had raised $150 million to improve its artificial intelligence (AI) data center capabilities. The money […]
Transak, Privado ID Partner to Pioneer Decentralized KYC Reusability
An innovative decentralized authentication service named “Reusable KYC” will be powered by Transak and Privado ID, formerly Polygon ID. This Know Your Customer (KYC) sharing service will improve Web3 onboarding procedures by strengthening and optimizing the decentralized identity verification process. Yeshu Agarwal, the chief technical officer at Transak, said: “We are excited to partner with Privado […]
BitoGroup Partners with Bankee to Launch Crypto Friendly Bank Account
BitoGroup collaborates with Far Eastern International Bank ‘Bankee’ to launch the world’s first dedicated crypto-friendly bank account. BitoGroup, the parent company of the Taiwanese cryptocurrency exchange BitoPro, has partnered with the regional digital bank Far Eastern International Bank Bankee to handle fiat transactions between the exchange’s clients and banks. BitoGroup CEO Titan Cheng stated in […]