Crypto.com has officially announced the acquisition of its virtual asset service provider (VASP) registration from the Bank of Spain. The registration grants Crypto.com the authority to provide a wide range of products and services to users in Spain while adhering to strict compliance…
Banning crypto assets may not be an effective approach for countries to manage risk over the long run, according to the International Monetary Fund. “While a few countries have completely banned crypto assets given their risks, this approach may not be effective in…
Leading cryptocurrency exchange Gemini has announced the launch of its Ethereum (ETH) staking program in the United Kingdom. Dubbed Gemini Staking Pro, the product will enable institutions and high-net-worth individuals to run validators on the Ethereum blockchain. The development aligns with Gemini’s expansion…
JP Morgan, the U.S.-based investment bank, has widened the scope of its blockchain-oriented payment platform, JPM Coin, to include euro-based transactions for corporate customers. JPMorgan, a prominent investment bank headquartered in the United States, is broadening the use of one of its key…
A leading Nevada-based digital assets custodian, Prime Trust, received a cease and desist order from state regulators on Thursday, June 22. This happened after the crypto custodian failed to satisfy customer withdrawal requests on June 21. Describing Prime Trust’s financial condition as critically deficient,…
Bitcoin Cash (BC) has maintained a positive outlook over the past few days as bulls and bears struggle for control over the broader crypto market. Its growth suggests the bulls currently have the upper hand in the altcoin even while the broader crypto…
The Cardano (ADA) price prediction is gradually turning bullish due to an impressive increase since June 10. Despite the massive increase, it is not yet certain if the upward movement is part of a relief rally or if it is the beginning of…
FTX’s sister firm, Alameda Research, is seeking the return of $700 million paid to politicians and celebrities. The funds were allegedly used to gain access to influential figures. Filings detail the trail of money from Alameda Research to two well-connected agents. The FTX…
The Bank of England’s strategy head William Lovell is pushing for a digital pound to lower retail payment risks. According to the official, local banks acting as intermediaries between citizens and the central bank introduce risks a central bank digital currency (CBDC) can…