Day: 3 September 2024

Binance CEO Richard Teng has declared that the exchange is making significant investments in regulatory compliance to establish a strong and sustainable platform for its global user base. Speaking at a panel session during the ongoing Korea Blockchain Week 2024 in Seoul today, September 3, Teng reportedly emphasized that although ...

Nexo has resumed accepting registrations from UK clients as of Tuesday, 24, 2024, after implementing several upgrades to comply with the requirements of the UK's financial regulator, the Financial Conduct Authority (FCA). The crypto lending platform suspended new registrations ten months ago to comply with FCA's investor protection guidelines. The ...

Russia's largest bank, Sberbank, will start offering the country's central bank digital currency (CBDC), the digital ruble, to its customers by early 2025. Anatoly Popov, Deputy Chief Executive of Sberbank, reportedly confirmed the bank's involvement, alongside around 20 other financial institutions, in the second phase of the Bank of Russia ...

Blockchain payments company Ripple has announced plans to introduce smart contracts to the XRP Ledger (XRPL) mainnet. According to the announcement, this upgrade aims to enhance the Layer 1 blockchain's programmability and allow developers to build tailored applications. Since its launch in 2012, the XRP Ledger has been primarily used ...

21.co, the parent company of 21Shares, has launched its Wrapped Bitcoin product, 21BTC, on the Ethereum blockchain. This significant development, announced on September 3, comes through a collaboration with Flow Traders, a leading global market maker. According to the announcement, 21. co's Wrapped Bitcoin (21BTC) is designed with institutional-grade security ...

Dubai has taken a groundbreaking step in legitimizing cryptocurrency salaries with a recent ruling from its Court of First Instance. The court ordered a company to pay an employee in cryptocurrency, as stipulated in their contract, setting a new legal standard in the region. This decision is more than just ...

In 2020, MicroStrategy, a business intelligence firm, made a groundbreaking decision that sent shockwaves through the financial world. On August 10, the company became the first publicly traded firm to adopt Bitcoin as its primary treasury reserve asset — a move considered risky and unconventional at the time. Four years ...

Since its inception in 2009, Bitcoin has grown from a digital curiosity into a global financial powerhouse. The incredible rise in its market value from just a few pennies to over $60,000 is a story that few could have imagined. And many have grown wealthy as a result; about 108,000 ...

South Korea’s top telecom and financial companies, SK Telecom and Hana Financial Group, have acquired significant ownership stakes in the Korean branch of the U.S. crypto company BitGo. According to local news outlet Yonhap News Agency, BitGo’s CEO Mike Belshe revealed this at the Korea Blockchain Week 2024 event in ...

The Universal Digital Payments Network has announced that the Australian Digital Dollar (AUDD) is now integrated into its platform.  In a blog post published on September 3, UDPN revealed that the AUDD would be added to its list of supported regulated stablecoins alongside the U.S. Dollar and Euro.  AUDD, developed ...