Day: 6 November 2024

Israel's State Comptroller and Ombudsman, Matanyahu Englman, has flagged significant issues in the country's cryptocurrency tax collection, warning that these shortcomings should be addressed before imposing broader tax increases on the public. Englman, whose role is to review and audit the policies and operations of the Israeli government, reportedly published ...

Paul Grewal, Coinbase’s Chief Legal Officer, has urged the U.S. Securities and Exchange Commission (SEC) to rethink its approach to the crypto industry, advocating for regulatory frameworks that prioritize innovation rather than litigation. His comments come amidst speculation of significant changes following Donald Trump’s re-election and his campaign pledge to ...

Ripple CEO Brad Garlinghouse and the crypto community are celebrating a major win in the 2024 U.S. presidential election as pro-crypto candidates secured key victories, including the re-election of Donald Trump. Garlinghouse expressed his excitement via an X post on November 5, congratulating Bernie Moreno, Ritchie Torres, Kirsten Gillibrand, and ...

South Korea's Financial Services Commission (FSC) has approved a pilot program involving seven local banks to explore the application of central bank digital currencies (CBDCs) and deposit tokens in digital financial services. In a press release published today, November 6, the FSC revealed that prominent local banks, including  Kookmin, Shinhan, ...

The world’s events significantly influence financial markets, introducing heightened volatility and uncertainty. Historically, years full of political occasions often bring fluctuations as investors anticipate possible shifts in economic policy. This year, factors like high inflation, elevated interest rates, and concerns over debt have made the stakes particularly high for consumer ...

In a move that will inevitably strengthen the professional landscape for the decentralized finance industry, DeFi Planet has teamed up with Jobbio’s Amply Network to launch an innovative job board. This new partnership is designed to bridge the gap between talent and opportunity, creating a dynamic platform where professionals, innovators, ...

The global crypto ATM market, valued at $87.35 million in 2023, is projected to grow to $2.58 billion by 2032, according to a new report from Research and Markets. This growth is attributed to the rising acceptance of cryptocurrencies and supportive regulatory policies worldwide. Size of Global Crypto ATM market ...

Ample FinTech, a Singapore-based fintech specializing in Web3 payment and tokenization solutions, has partnered with WSPN to advance Web3 payment technologies and enhance WSPN's stablecoin, WUSD. The collaboration will explore integrating Ample's Web3 innovations—such as programmable payments, digital credentials, and tokenized invoicing—into WSPN's infrastructure. These technologies are expected to streamline ...

Cyprus's Securities and Exchange Commission (CySEC) has extended its suspension of FTX Europe's operations for a fourth time, delaying any potential revival of the platform. The latest extension, announced on November 5, pushes the suspension out by another six months, maintaining the ban until May 30, 2025. Under this directive, ...

JPMorgan Chase & Co. is set to launch instant foreign exchange (FX) settlements for dollar-euro transactions through its Kinexys blockchain platform, according to Bloomberg. Kinexys, originally known as Onyx, was introduced in 2020 to facilitate digital payments via JPM Coin, a tokenized deposit token native to the blockchain. The platform ...