Crypto.com Secures FCA Nod for E-Money Offerings in UK
Crypto.com has secured authorization as an Electronic Money Institution (EMI) from the UK’s Financial Conduct Authority (FCA). Currently, European central banks regulate and accept electronic money as a digital replacement for fiat money. E-money, like conventional bank-issued currencies, is intended to make transactions easier and serve as a means of payment. The most recent event […]
Circle Proposes Recoverable Token Standard to Address Crypto Theft
According to the stablecoin startup, irreversible cryptocurrency transactions have resulted in significant losses for millions, making a new digital asset with more flexibility necessary. The CEO of Circle, the company that issues USD Coin (USDC), Jeremy Allaire, announced the introduction of two new on-chain solutions designed to thwart asset theft and other illegal activities. According […]
Tiger Global Marks Down Stakes in OpenSea, BAYC
Tiger Global, an investment business, reportedly reduced the value of its shares in OpenSea and Bored Ape Yacht Club. The New York-based investment group has reduced its holdings in the digital collectibles marketplace OpenSea and the Bored Ape Yacht Club (BAYC) by 69% and 94%, respectively, according to a Bloomberg article. Tiger Global also made […]
Binance Adds GFT, COS, SYS to Margin Trading Platform
Three more altcoins have recently been added to Binance’s margin trading offering, expanding its trading possibilities. Syscoin (SYS), Contentos (COS), and Game Fantasy Token (GFT) are the newest additions to this dynamic platform. With the addition of these altcoins to the margin trading pool, Binance’s wide range of digital assets has significantly expanded. In addition […]
United Nations Partners with Algorand to Train Employees
Through a partnership with the Algorand Foundation, the UNDP can provide its personnel with blockchain expertise and insights. The Algorand Foundation announced in a press release on November 30, 2023, the opening of a blockchain academy to enhance the competence of UNDP employees “through education and training in blockchain.” In Q1 of 2024, the Algorand […]