BitFlyer, the Tokyo-based parent company of the eponymous cryptocurrency exchange, has finalized its acquisition of FTX’s Japanese division, purchasing all outstanding shares of FTX Japan. In a press release published today Friday, July 26, BitFlyer announced its plans...
The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines to address risks associated with stablecoins for both issuers and banks offering guarantees. These guidelines emphasize the importance of stablecoin issuers verifying the identities of token holders...
Asset management giant Franklin Templeton has partnered with SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company. The two firms signed a Memorandum of Understanding (MoU) for the joint venture on July 26, according to...
United States Senator Elizabeth Warren, known for her strong anti-crypto stance, has once again raised alarms about the risks of foreign-owned cryptocurrency mining operations in the country. During a Senate Committee on Banking, Housing, and Urban Affairs hearing...
JPMorgan Chase has unveiled an advanced generative AI tool, similar to ChatGPT, designed to perform tasks typically handled by research analysts. The new tool, named LLM Suite, which available to employees in the bank’s asset and wealth management...
Coinbase's U.K. subsidiary, C.B. Payments Limited (CBPL), has been fined £3.5 million by the Financial Conduct Authority (FCA) for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” According to the FCA, despite...
U.S. Republican Senator from Wymoing, Cynthia Lummis, is reportedly set to propose new legislation that would recognize Bitcoin as a mainstream financial asset. According to a report from Fox Business, Lummis has been quietly drafting a bill that...
The Philippines' central bank, Bangko Sentral ng Pilipinas (BSP), is on track to launch its wholesale central bank digital currency (CBDC) by 2029. During a recent press briefing, BSP Deputy Governor Mamerto Tangonan announced that Project Agila, the...
Swiss digital asset bank Sygnum has revealed plans for expansion in the European Union and Asia following a profitable first half of 2024. The bank reported significant growth across its services, with crypto derivatives trading surging 500% and...
India's Narcotics Control Bureau (NCB) is intensifying its surveillance of cryptocurrency payments on the darknet as part of a broader strategy to combat drug trafficking. During a Parliamentary session on July 24, Nityanand Rai, Minister of State for...
