Category: Crypto
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CoinsPaid hit by USD 7.5 million cryptocurrency breach
Published on: October 15, 2022 Introduction In the latest incident of a cybersecurity breach, cryptocurrency payment provider CoinsPaid has fallen victim to a massive breach resulting in the theft of USD 7.5 million worth of cryptocurrencies. The breach highlights the constant challenges faced by the crypto industry in securing sensitive digital assets. CoinsPaid, a popular…
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Alchemy Pay launches Crypto Card Mini app on Binance Marketplace
Alchemy Pay, a global crypto payment service provider, has made another significant stride in the crypto industry by launching its Crypto Card Mini app on the Binance Marketplace. This move will enable users to securely manage their crypto assets and conduct seamless transactions using their Alchemy Pay-powered crypto cards within the Binance ecosystem. The integration…
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Coinbase advances expansion with EU MiFID licence acquisition
Entering a New Market In a major move, leading cryptocurrency exchange Coinbase has announced its acquisition of a European Union (EU) Markets in Financial Instruments Directive (MiFID) licence, signaling its advancement and expansion into the European market. This strategic acquisition allows Coinbase to offer its services and products to clients across the EU, bringing a…
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ECB introduces draft rulebook for digital euro payments
The European Central Bank (ECB) has recently announced the introduction of a draft rulebook for digital euro payments, marking a significant step towards the potential launch of a central bank digital currency (CBDC) in the Eurozone. This move comes as various nations globally explore the benefits and implications of digital currencies. The ECB’s draft rulebook…
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NetCents partners with Worldpay
NetCents, a leading cryptocurrency payments company, has recently announced its partnership with Worldpay, a global leader in payments processing technology and solutions. This strategic collaboration aims to further enhance the adoption and usability of digital payments, including cryptocurrencies, across various industries worldwide. Expanding Payment Options As the adoption of cryptocurrencies continues to grow, it is…
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Fidelity sets Bitcoin ETF fee at 0.39 percent
Fidelity Investments, a leading global asset manager, has announced the fee structure for its highly anticipated Bitcoin exchange-traded fund (ETF). The company confirmed that the Fidelity Bitcoin ETF will have an annual expense ratio of 0.39 percent. With the ETF sector witnessing increased interest in Bitcoin offerings, Fidelity aims to cater to institutional and retail…
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Koree startup secures USD 200.000 pre-seed funding
Koree Startup Secures USD 200,000 Pre-Seed Funding May 20, 2022 – Koree, a promising startup based in Korea, has successfully secured USD 200,000 in pre-seed funding. This investment marks a significant milestone for the company as it embarks on its journey to disrupt the market with its innovative solutions. Revolutionizing the Industry Koree aims to…
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Fiat Republic raises EUR 6.4 million in seed extension
Madrid-based fintech startup Fiat Republic announced today that it has successfully secured EUR 6.4 million in a seed extension round. The funding round was led by prominent venture capital firm Venture Capital Fund, with participation from various angel investors and existing shareholders. This latest investment comes as a major boost for Fiat Republic, which aims…
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Visa partners with TECH5
Visa, a global leader in electronic payments, has announced an exciting new partnership with TECH5, a leading technology company specializing in biometric solutions. This collaboration aims to revolutionize the authentication and verification process for Visa cardholders, enhancing security and convenience while transacting worldwide. With the ever-increasing importance of secure digital payments, Visa has been actively…
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Toku partners with Teknos Associates to advance token solutions
Toku, a leading blockchain technology company, has recently announced a strategic partnership with Teknos Associates, a renowned consulting firm specializing in digital transformation and financial services. This collaboration aims to propel the development and adoption of innovative token solutions across various industries. The partnership between Toku and Teknos Associates brings together industry expertise, technical capabilities,…
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IOSCO publishes DeFi policy recommendations
Iosco Publishes DeFi Policy Recommendations The International Organization of Securities Commissions (IOSCO) has recently published its policy recommendations on Decentralized Finance (DeFi) platforms, aiming to provide guidance for regulatory authorities and market participants in navigating this emerging sector. DeFi has gained significant popularity in recent years, offering a decentralized alternative to traditional financial intermediation. The…
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WHAMPOA Digital, Wemade create USD 100 mln Web3 fund in Middle East
WHAMPOA Digital, in collaboration with Wemade, has announced the establishment of a USD 100 million Web3 fund in the Middle East. This significant investment aims to propel technological advancements and support innovative projects in the rapidly evolving Web3 ecosystem. Web3, also known as the decentralized web, is the next generation of the internet that leverages…
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AIA Carnival integrates cryptocurrency payments with hi
The AIA Carnival, one of the most exciting annual events in Hong Kong, has announced its latest innovation – the integration of cryptocurrency payments with hi-tech amusement rides and games. This move positions the carnival as a pioneer in the cryptocurrency space, bridging the gap between traditional entertainment and cutting-edge digital currencies. With the growing…
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Revolut launches crypto trading and educational content in New Zealand
Revolut Launches Crypto Trading and Educational Content in New Zealand New Zealand, [Date] – Leading fintech platform Revolut announced today the launch of its highly anticipated cryptocurrency trading features and educational content in New Zealand. Revolut users in the country will now have instant access to a variety of popular cryptocurrencies, along with comprehensive educational…
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Alchemy Pay partners with Worldpay from FIS
Introduction Alchemy Pay, a leading global cryptocurrency payment provider, is thrilled to announce its partnership with Worldpay from FIS, a renowned global payment technology provider. This collaboration signifies a significant milestone for both companies as they aim to revolutionize the payment landscape, leveraging their expertise in cryptocurrency and traditional payment solutions respectively. About Alchemy Pay…
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USD 14 million cross-border e-CNY gold transaction completed in Shanghai
Published: September 15, 2023 In a groundbreaking move, a USD 14 million cross-border e-CNY gold transaction was successfully completed in Shanghai, signifying the growing importance of digital currencies in international trade. The transaction, facilitated by the Shanghai Gold Exchange (SGE) and China’s central bank, involved the use of e-CNY (digital Chinese Yuan) to purchase a…
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Revolut plans to suspend some of its UK crypto services
Revolut Crypto Services In a recent announcement, digital banking platform Revolut revealed its plans to temporarily suspend some of its cryptocurrency services for UK-based customers. The decision comes as the company faces increasing scrutiny from regulators who are concerned about potential risks associated with crypto investments. The move will impact services such as crypto withdrawals…
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EMTECH pilots Web3-based digital cash infrastructure solution with Bank of Ghana
EMTECH, a leading financial technology company, has announced its partnership with the Bank of Ghana to pilot a groundbreaking Web3-based digital cash infrastructure solution. The aim of this collaboration is to leverage Web3 technologies, such as blockchain and decentralization, to provide a robust and secure digital cash ecosystem in Ghana. This innovative initiative presents a…
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FTX files reorganisation plan to end bankruptcy
FTX Files Reorganisation Plan to End Bankruptcy The prestigious financial institution, FTX, has recently revealed its comprehensive reorganisation plan to emerge from its current bankruptcy situation. The plan aims to restructure the company’s assets, streamline operations, and regain financial stability for the benefit of all stakeholders involved. Challenging Times for FTX Over the past year,…
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US SEC says no to new crypto rules
Introduction The United States Securities and Exchange Commission (SEC) has recently announced its decision against implementing new regulations specific to the cryptocurrency industry. This decision comes as a blow to some investors and advocates who were hopeful for clearer guidelines surrounding digital assets. The SEC’s reasoning The SEC reaffirmed its stance of not requiring new…