Kraken to Launch DLT Crypto Services in Germany
Cryptocurrency exchange Kraken is growing its presence in European markets with a collaboration to serve German clients. A press statement states that Kraken has achieved a deal to provide digital asset conveniences for users in Germany with DLT Finance, a trademark of crypto service providers DLT Securities GmbH and DLT Custody Gmbh, which holds a […]
Philippines SEC to Release Crypto Rules in Late 2024
In the second half of 2024, the Philippine Securities and Exchange Commission (SEC) hopes to establish a regulatory framework for cryptocurrencies. Emilio B. Aquino, the chair of the SEC, reportedly stated in a local article that the guidelines will work to control cryptocurrency trading in the country while maintaining investor protection. Aquino disclosed the information […]
Robinhood Receives Wells Notice from U.S SEC
The U.S. SEC has sent Robinhood Markets Inc. a Wells notice alerting it to the possibility of an enforcement action for its cryptocurrency business. According to a regulatory filing submitted on Monday, the SEC’s staff has issued a preliminary determination and recommended that the agency take enforcement action against Robinhood Crypto for its cryptocurrency listings, […]
Dutch Police Arrest Suspect in $30 Million ZKasino Scam
Authorities in the Netherlands declared the arrest of a suspect in the money laundering, fraud, and embezzlement of the gaming platform ZKasino. The man, whose name was withheld, would be detained for 14 days in the Netherlands for investigative reasons, according to a statement from the Fiscal Information and Investigation Service (FIOD). The agency clarified […]
Aave V2 Community to Evaluate Small-Cap Stablecoins
A new proposal to remove stablecoins like USDP and GUSD from Aave V2 is scheduled for voting by the Aave community. The Aave community is preparing to vote on a ChaosLabs proposal for deprecating several small-cap stablecoins on Aave V2, including Paxos USD (USDP) and Gemini Dollar (GUSD). ChaosLabs states in the proposal description that […]