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 spot trading volumes seeing a two-fold rise compared to the same period ...
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 Home Affairs, outlined the country’s approach to curbing the import and inter-state ...
The US House of Representatives has approved a new bipartisan financial services bill aimed at addressing the use of cryptocurrency for illicit activities. The bill, passed on Monday, July 22, 2024, seeks to establish a government working group to evaluate the role of cryptocurrencies in terrorism and money laundering. The ...
The Attorney General of Iowa, Brenna Bird, has filed an amicus brief asserting that the United States Securities and Exchange Commission (SEC) exceeds its regulatory authority over the cryptocurrency sector. This brief, supported by attorneys general from Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma, claims the SEC's actions are stifling ...
KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic collaboration with Cryptio, a leading crypto accounting software platform, to help companies establish better controls for accounting for crypto assets. According to a press release, the partnership addresses the growing need for accurate financial reporting in the ...
Charles Hoskinson, co-founder of Input Output Global and a key figure in the Cardano blockchain ecosystem, has opposed Ethereum co-founder Vitalik Buterin's recent advice regarding political allegiances based solely on candidates' cryptocurrency stances. In a post on X, Hoskinson argued for a unified voting strategy within the crypto community, advocating ...
Bankrupt crypto lender BlockFi will commence its first interim crypto distributions to its creditors through Coinbase. According to an announcement by the firm on X, the process would commence in July and continue in batches over the upcoming months. It noted eligible clients will be notified via the email associated ...
Elwood Technologies has announced the sale of its Over-The-Counter (OTC) trading business, Elwood Capital Management Ltd (ECML), to Zodia Markets. ECML, based in Jersey, United States, and regulated by the Jersey Financial Services Commission, has been a key player in providing liquidity solutions to a diverse global clientele, including asset ...
Former U.S. President Donald Trump has hinted at the possibility of launching a fourth non-fungible token (NFT) collection. In an interview with Bloomberg on July 16, Trump expressed his intention to launch another NFT series, citing public demand as the driving force. "I'm going to do another one because the ...
Angel Drainer, a notorious drainer-as-a-service program, reportedly suspended its operations within hours of cybersecurity researchers at Match Systems claiming to have de-anonymized its members. In a post on X (formerly Twitter) on Tuesday, July 16, the Dubai-based blockchain forensics firm Match Systems announced that Angel Drainer’s Telegram channel stated the ...
