UK passes bill recognizing cryptocurrencies as financial assets
The Royal Assent in the United Kingdom (UK) has approved the Financial Services and Markets Bill (FSMB). This bill represents a proactive effort by the United Kingdom to strengthen its financial ecosystem. The UK government has been focusing on the Financial Services and Markets Bill for some time. They view its passage as a means […]
Solana’s Cardinal Shuts Down Citing Economic Conditions
Cardinal Protocol, a project built on the Solana blockchain that aimed to enhance the utility of non-fungible tokens (NFTs), will cease its operations due to the current state of the economy. After securing $4.4 million in funding, the project announced on Twitter that users must complete their withdrawals by August 26, marking the beginning of […]
Binance Loses European Banking Partner Paysafe
Paysafe Payment Solutions, the current euro banking partner of the cryptocurrency exchange Binance, informed users that they would no longer be supported. Binance sent customer letters stating that Paysafe’s euro support would end after September 25, 2023. The letters did not mention the new service provider, but they said that there would be changes for […]
EDX Markets Drops Paxos as Planned Custodial Partner
EDX Markets has reportedly ended its planned partnership with Paxos and is close to finalizing an agreement with Anchorage Digital. The initial partnership between EDX and Paxos, announced last year, would have allowed Paxos to serve as the custodian for EDX’s clients’ digital assets while providing direct access to Paxos consumers. However, EDX has decided […]
Bitpanda Pro rebrands to One Trading, raises €30m Series A
Digital asset exchange Bitpanda Pro has raised €30 million in a Series A funding round and is rebranding as One Trading. Valar Ventures, co-founded by entrepreneur Peter Thiel, led the funding round. One Trading, now a separate entity from Bitpanda Pro, aims to cater to institutional and professional traders in the cryptocurrency market. The investment […]