Ripple Buys Standard Custody & Trust Company
Ripple has acquired Standard Custody & Trust Company, a provider of digital asset custody in the United States. The New York State Department of Financial Services (NYDFS) has authorized Standard Custody & Trust Company to provide custody and escrow services. Under federal law, the organization is a qualified custodian. Ripple said in a statement, “Standard […]
Wintermute, The Block Partner to Launch Crypto Price Index
Wintermute, a digital assets market maker, is partnering with crypto news outlet The Block to introduce an innovative market price monitoring index for cryptocurrencies. As per the declaration made on February 12, the Global Markets Crypto Intelligence (GMCI)-named joint venture will continue to manage the GMCI 30 index, which tracks the performance of the 30 […]
Report Shows Governance Poses Threat to 75% of Top Tokens
Web3 firm De.Fi report shows that significant governance risks are present in nearly 75% of the top tokens by volume as they do not adhere to best practices to prevent exploits and other security threats. Nearly 75% of the 429 tokens with governance frameworks, according to an analysis by Web3 firm De.Fi, has contract-related risk […]
ADGM, Solana Partner to Expand DLT Projects
Abu Dhabi Global Market (ADGM) and the Solana Foundation have entered into a Memorandum of Understanding (MOU) to collaborate on the progression of distributed ledger technology (DLT). While refraining from disclosing any particular actions, the partners intend to investigate potential avenues for advancement following ADGM’s DLT Foundation regulation. ADGM and Solana will seek to expand […]
South Korean FIU Probes OKX Over Alleged Unregistered Services
The Financial Intelligence Unit (FIU) of South Korea is reportedly conducting an investigation into OKX in response to allegations that the company operated an unregistered cryptocurrency exchange. News1, a South Korean news outlet, reported on February 7 that the Digital Asset Exchange Association (DAXA) notified the FIU of OKX’s activities, instigating an inquiry into the […]