DeFi insurance provider Nexus Mutual has announced Custody Cover’s launch for the users of centralized exchanges and custodians. This means users can now purchase the insurance cover for the funds put into an organization to safely keep their crypto assets’ private keys on behalf of them. It will cover the users if the custodian gets […]
Tag: STO
BIS Announces Successful Testing of CBDC Project Helvetia with SNB and SIX
The new project enables integration between tokenised digital assets and central bank money.
South Korea’s National Assembly Approves Amendment to Push Crypto Tax Rule to January 2022
South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure. A South Korea local news agency dubbed ‘Yonhap’ reported yesterday that the National Assembly’s […]
FUD of the Week: China and US Treasury Unsuccessful in Attacking Bitcoin
This week as we reported, China Police seized more than $4.2 billion worth of the crypto asset from the PulsToken Ponzi scheme. However, it was the officials informing the public, as the crypto market has known all along, about how and where these funds have been moving thanks to the transparency of the blockchain technology. […]
Chinese Police Won’t Return the $4.2B Seized PlusToken Funds; ‘Forfeit to the National Treasury’
PlusToken is back to worry the market. However, it is worth noting that many of the funds scammed by this Ponzi scheme have been getting sold over the years. It has been more than 100 days, over three months, since these funds have been moved. “This is bullish either way,” commented Su Zhu, the CEO […]
Investing In Waves – Everything You Need to Know
Waves is a blockchain ecosystem that functions as a cryptocurrency, a token launch platform, and a DEX. The developers behind the project sought to introduce a powerful toolset to aid in the development of Web 3.0 decentralized solutions. Their goal was to design an easy to use Ethereum alternative to promote blockchain mass adoption. To […]
Russia Proposes Tax Code Changes; Digital Financial Assets to be Classified as Property
The prime minister of Russia, Mikhail Mishustin, has said that the government is considering categorizing digital financial assets (DFA) as a form of property. Mikhail, who was speaking at a recent Russian government session, noted that the authorities intend to forge a path for a civilized local crypto market. According to a transcript of the […]
Baanx $12.6m raise continues on BnkToTheFuture
Qualifying investors from across the world can participate in Baanx with as little as $1,000. BnkToTheFuture, has announced the addition of a new offering: $500k available to BnkToTheFuture investors in the global Fintech infrastructure provider, Baanx Group Ltd. BnkToTheFuture is the largest digital investment platform for individuals to invest in FinTech & crypto companies alongside […]
AVA Labs Announces Final Testing of Ethereum Bridge; Bringing ETH to Avalanche Blockchain
Ethereum (ETH) is coming to Avalanche blockchain, the report states. The “ETH killer” is in its final stages of porting ETH tokens onto its blockchain. AVA Labs, the creator of Avalanche blockchain, is on a mission to topple the Ethereum dominance in the decentralized applications and finance (DeFi) market as the top blockchain for developers […]
Crypto.com Becomes One of the First to Acquire Provisional Licenses from Maltese Authorities
Foremost cryptocurrency exchange Crypto.com has achieved another regulatory milestone. The company has bagged a preliminary approval from the Malta Financial Services Authority (MFSA) that governs how fintech companies operate on the island. New Territories to Conquer The two approvals are the Financial Institution License and a Class 3 Virtual Financial Assets (VFA) License, according to […]
