US Banks Are Teaming Up To Explore The Possibilities Of A Digital Dollar With The Federal Reserve

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Banks still show interest in digital assets and DeFi amid market chaos

Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

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WAHED Coin Set to Debut on LBank Exchange on the 5th of December

The WAHED ecosystem’s native cryptocurrency, WAHED Coin, will be listed on LBank on December 5. The asset fuels an ever-expanding set of capabilities within WAHED’s cutting-edge financial hub.

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TRM Labs: a digital asset compliance firm revolutionizing Web3

TRM Labs provides blockchain intelligence to help financial institutions and government agencies identify and prevent fraud related to crypto. The platform is constantly looking for new ways to improve the efficiency and effectiveness of its financial system.  Over the past…

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Hong Kong to avoid FTX-like scenario through transparency and supervision

Financial Secretary Paul Chan highlighted the importance of being “steady and cautious” when promoting the development of the virtual asset industry in Hong Kong.

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HashKey Group receives approval to operate crypto exchange from Hong Kong SFC

Hash Blockchain Limited (HBL), a member of the HashKey Group (HashKey), a blockchain asset financial services group in Asia, announced today it has received approval from the Securities and Futures Commission of Hong Kong (SFC) to operate a virtual asset trading platform, under a Type 1 (dealing in securities) license and a Type 7 (automated […] The post HashKey Group receives approval to operate crypto exchange from Hong Kong SFC appeared first on CryptoNinjas.

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Research: Bitcoin options traders expect price to hit $30,000 in Q4

Options are financial derivatives in which two parties contractually agree to transact an asset at a stated price before a future date. The post Research: Bitcoin options traders expect price to hit $30,000 in Q4 appeared first on CryptoSlate.

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This Expert Claims Crypto Winter Is Not Over But There’s A Catch

The ongoing crypto bear market seems like an unending journey, with more firms coming down with financial crises due to asset devaluations and other effects. Although some assets have seen brief rallies, many remain in decline.

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Goldman Sachs creates digital asset taxonomy system for subscribing investors

The financial services giant, along with Coin Metrics and MSCI, will help investors track market movements and screen hundreds of coins and tokens by their uses.

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Digital Asset Platform Bakkt Agrees to Buy Apex Crypto for Up to $200M

The firm will pay $55 million in cash, upon deal close, and $145 million in stock and seller notes upon achieving certain financial targets.

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ZoidPay Receives $75M Investment Commitment From Gem Digital

ZoidPay, the leading Web 3.0 architecture provider, has secured an investment commitment of $75M from digital asset investment firm GEM Digital Limited (“GEM”). The funding is aimed at developing the go-to open architecture for building the next generation of financial services, scaling the first on-demand Metaverse, facilitating the first-ever bank acquisition by a blockchain firm, … Continued The post ZoidPay Receives $75M Investment Commitment From Gem Digital appeared first on BeInCrypto.

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Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers

Australian and U.S. digital asset lawyers told Cointelegraph that by and large, the words on their own as "pretty useless."

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Trust The Pros: How To Copy Top Traders With PrimeXBT

The S&P 500 remains down more than 20% in 2022. The safe haven asset gold has also fallen more than 20% during the same year. The best-performing financial instrument of our time, Bitcoin, is also down more than 70% from last year’s highs.

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Digital Asset Data Provider Amberdata Acquires Crypto Analytics Company Genesis Volatility

Amberdata, a provider of digital asset data to financial institutions, has acquired Genesis Volatility, a crypto options analytics firm.

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South Africa Recognizes Cryptocurrencies as Financial Products

South Africa’s Financial Sector Conduct Authority (FSCA) has declared crypto assets as “financial products”, setting up the pace for the inclusion of the asset class under the country’s regulatory purview.

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Crypto Is "Easily" Traceable, Says Financial Crime Consultant

Co-chair of Digital Asset Task Force says illicit transactions in the crypto space remain negligible as criminals can be easily tracked and punished

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Nubank Will Integrate Cryptocurrencies Into Its Rewards Program in Brazil

Nubank, a Brazilian online banking company, will debut its cryptocurrency in Brazil next year, signifying the largest financial company’s most recent venture into virtual properties. The introduction of the virtual asset Nucoin is anticipated to occur in the first half…

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OFAC And FinCEN Charged Bittrex Exchange For Over $53 Million

Treasury’s Foreign Asset Control (OFAC) and Financial Crime Enforcement Network (FinCEN) have set charges against the Bittrex crypto exchange for violating anti-money laundering rules and the other U.

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What Features Differentiate the Top Perpetual Futures DEXs?

In the financial system, a perpetual futures contract, also known as a perpetual swap, is a transaction representing an agreement to buy or sell an asset at an unspecified point in the future. The post What Features Differentiate the Top Perpetual Futures DEXs? appeared first on CryptoSlate.

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Many crypto asset activities pose ‘novel risks‘ to banks, says Fed vice chair for supervision

Michael Barr suggested that financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities regarding the use cases of innovative technologies.

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Kazakhstan grants Binance permanent license to offer digital asset services

The AIFC Financial Services Authority in Kazakhstan granted Binance a permanent license to manage a digital asset platform and provide custody services in the country.

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Valkyrie Funds Unveils Crypto SMAs as Institutions Focus on Digital Assets

Valkyrie Funds, a US-based alternative asset management firm, announced the launch of a new Valkyrie Risk Managed Separately Managed Account (VSMA) platform on Tuesday to allow financial advisors, fund managers, and other financial services providers to deliver digital asset investments…

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Basel Committee crypto asset prudential treatment proposals get detailed responses

The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation.

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Binance Deepens Its Global Reach, Extends Kazakhstan Investment

Cryptocurrency exchange Binance has entered into a Memorandum of Understanding (MOU) with the Financial Monitoring Agency of the Republic of Kazakhstan. Kazakhstan will create a secure virtual asset market in the nation with the assistance of Binance. The platform will…

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Global Financial Markets Struggling: Will Bitcoin Become a Safe Haven Asset?

As the British pound collapses, bond prices decline, and interest rates increase, Digital Currency Group CEO Barry Silbert says that bitcoin will become the preferred safe-haven asset. The post Global Financial Markets Struggling: Will Bitcoin Become a Safe Haven Asset? appeared first on BeInCrypto.

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Bank of England Deputy Governor Says Existing Financial Regulations Should Extend to Crypto

Cunliffe listed ways the technology that underlies crypto could make traditional asset trading more efficient, but added it did not mean regulators should ignore the risks.

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California Gov. Newsom explains veto of NY-styled BitLicense crypto business bill

California Governor Gavin Newsom on September 23 overruled Assembly Bill-2269 Digital financial asset businesses: regulation – a crypto regulatory framework. The post California Gov.

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Galaxy taps Chainlink to bring pricing data to blockchains

Galaxy Digital Holdings Ltd. (TSX: GLXY), a financial services and digital asset provider in the blockchain space, has partnered with Chainlink Labs (LINK/USD) to provide access to crypto pricing data for blockchains.

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Moscow Exchange drafting bill on digital financial assets and securities trading: Report

Russia's stock exchange expects to become a registered digital asset exchange and begin trading both digital financial assets and digital asset-based securities.

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Pentagon contracts with Inca Digital for a security-focused digital asset mapping tool

The creator of the Nakamoto Terminal will help the government and businesses understand the interaction of traditional and digital financial systems and track money into and out of blockchains.

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CoinSmart Announces Acquisition by Coinsquare, Creating one of Canada’s Largest Crypto Asset Trading Platforms

TORONTO, ON, Sept 23, 2022 – (ACN Newswire) – CoinSmart Financial Inc. (“CoinSmart” or the “Company”) (NEO: SMRT) (FSE: IIR), announced today that it has entered into a definitive...

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Korean crypto bank partners with Blockdaemon to offer retail staking services

In January, Delio was granted Virtual Asset Service Providers (VASP) approval by the Korean Financial Intelligence Unit.

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3 Ways Traditional Investors Can Gain Crypto Exposure

Direct investment into cryptocurrency is just one way clients of financial advisors can participate in the new asset class.

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Oraichain Labs US launches with asset tokenization platform for capital markets

Oraichain Labs US (OLUS), a new financial technology startup looking to streamline access to capital markets via blockchain technology, has officially launched. The fintech company, which announced its entry into the United States market on Wednesday, said in a press release shared with Invezz that their goal is to offer best of class in asset […] The post Oraichain Labs US launches with asset tokenization platform for capital markets appeared first on Invezz.

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Amber Group continues strong financial performance in H1 2022!

Resilient performance is a result of sustained business momentum, along with expanded product and service offerings against market uncertainties.  Amber Group, a leading global digital asset compaThe post Amber Group continues strong financial performance in H1 2022! appeared first on AMBCrypto.

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Chainlink (LINK) Performs Well Amidst Market Turning To Red

Price fluctuations are a daily occurrence in the crypto markets now. Since the fight against inflation began, the overall financial markets have tanked. Nowadays, asset prices swing without warning, and the continuing crypto winter only heightened the volatility.

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SBI Digital Markets Receives Singaporean Capital Markets License

Japan financial amalgamation SBI Digital Markets Pte. Ltd has announced that its subsidiary SBI Digital Asset Holdings has been granted a Capital Markets Services license by the Monetary Authority of Singapore.

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Singapore's financial authority grants license to SBI's digital asset arm

The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products and corporate finance advisory services.

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Samsung Goldex Announced to Establish Gold & Crypto Asset Bank

 Samsung Goldex announced that it will actively promote the establishment of “Gold & Crypto Asset Bank”, a new decentralized financial institute, combining the conventional gold...

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HyperBC: The crypto asset custody solution has obtained Lithuanian Financial License

HyperBC Group has acquired a Lithuanian license no. 305790868 to expedite its global compliance operations. The company has obtained a license that will enable it to provide crypto custody asset solutThe post HyperBC: The crypto asset custody solution has obtained Lithuanian Financial License appeared first on AMBCrypto.

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HyperBC, a rapidly expanding crypto asset custody service, has obtained a financial licence in Lithuania

To speed up its international compliance operations, HyperBC Group has acquired a Lithuanian licence with the number 305790868. The business now has a licence that will allow it to offer regulatory-compliant crypto custody asset solutions.

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Singapore’s largest bank DBS to offer crypto services to 300,000 investors

Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported. The post Singapore’s largest bank DBS to offer crypto services to 300,000 investors appeared first on CryptoSlate.

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California Is Leaving No Stone Unturned To Protect Residents Engaging In Digital Financial Asset Business Activities

The state of California, in the United States (US), plans to streamline the playing field by putting regulations for crypto players in place. The bill introduced by Assemblymember Timothy Grayson, titled “Digital financial asset businesses”, aims to set the regulatory framework for crypto businesses operating in California.

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Wave Financial acquires Swiss based Criptonite Asset Management

SEC regulated Waves Financial plans to use the acquisition to expand its reach across… The post Wave Financial acquires Swiss based Criptonite Asset Management appeared first on CoinJournal.

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Five Crypto Innovations to Watch in the Final Phase of 2022

The cryptocurrency market has come a long way since Bitcoin’s official debut in 2009; it is now worth over $1 trillion, according to CoinGecko. While Satoshi’s primary idea was to prevent the occurrence of another financial crisis through a decentralized monetary ecosystem, digital asset innovations have evolved to include other solutions. As of press time, […]

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South Korean financial majors want to create virtual assets exchange in 2023: Report

Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange.

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16 Crypto Platforms Face Suspension in South Korea Amid Crackdown

The Korea Financial Intelligence Unit (KoFIU) said that it has alerted the investigating authority about the illegal business activities of 16 unregistered Virtual Asset Service Providers (VASPs) operating in South Korea.

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The Government Of Kazakhstan Expands Cooperation With Binance

On August 15, it was revealed that the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market approved Binance to operate a digital asset platform and provide custodial services at the Astana International Financial Centre.

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Gate.io expands crypto custody services to Hong Kong with key license

Gate. io Group, the company behind global cryptocurrency exchange Gate. io, has hit a “strategic milestone” as it expands its virtual asset custody services to Asia’s financial hub of Hong Kong.

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