Prime Trust, the beleaguered cryptocurrency custodian, might be on the brink of significant job cuts, CoinDesk revealed today (Friday), quoting ex-employees. Anonymous sources suggest that up to 75% of positions might be at risk, based on insider information. Layoffs on the Horizon? The news of the possible massive downsizing comes as the crypto custodian was […]
Tag: STO
Binance Seeks AML Compliance in Taiwan Amid Exits from European Markets
Binance is applying to become compliant with Taiwan’s anti-money laundering (AML) rules; a local media reported this week citing sources familiar with the developments. The leading crypto exchange intends to register under the East Asian country’s Money Laundering Control Act, per the sources who followed proceedings of a closed-door meeting held on Tuesday with the […]
Hong Kong crypto platform HKVAX receives approval-in-principle from SFC
HKVAX has moved closer to becoming only the third platform to receive a VATP licence in Hong Kong. This is after it obtained an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) The SFC website lists OSL and Hashkey as only two VATP licensed companies. Hong Kong Virtual Asset Exchange (HKVAX) has received […]
RCMP Cites Criminal Activity in Tender for Seized Digital Asset Repository
As of August 10th, the RCMP has put forth a tender for companies to develop a repository meant to safely store seized digital assets associated with criminal activity. The Government of Canada states, “The Royal Canadian Mounted Police (RCMP) and Shared Services Canada (SSC) are seeking the development of a digital asset solution to facilitate […]
Barcelona to host this year’s record-breaking European Blockchain Convention
Key takeaways The city of Barcelona will host this year’s EBC9, the largest European blockchain convention so far. The event will last for three days, starting from October 24th. Coinjournal is a proud media partner of the convention. Barcelona to host EBC9 Barcelona, the Catalan capital, will host this year’s European Blockchain Convention 9 (EBC9). […]
How rising Bitcoin dominance invalidates many crypto assumptions
Key Takeaways Bitcoin dominance has risen above 50%, having started the year at 42% Traditionally, dominance falls while market prices are rising in the sector, marking the year 2023 out as unusual This hammers home how Bitcoin is still finding its feet, and why prudence needs to be taken when extrapolating past performance to the […]
VISA Experiments with Paying Blockchain Gas Fees in Fiat
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Visa, one of the world’s two largest credit card networks, has been experimenting with a solution that allows users to pay for on-chain gas fees directly with fiat. The protocol was tested on the […]
Digital Currency Group Seeks Dismissal of Gemini’s Fraud Allegation
Digital Currency Group (DCG), the parent company of Genesis Capital Global, seeks to counter claims of fraud raised by the Winklevoss-owned Gemini Exchange. DCG has responded with a motion to dismiss the allegations, terming them as a continuation of a public relation campaign and a form of blame-shifting by the crypto exchange. On July 7, […]
Decoding Decentralized Computing Giants: Golem (GLM) vs. Render (RNDR)
Golem and Render are two prominent projects in the realm of decentralized computing that are making some serious moves this year. These projects, however, are not exactly the same — whether it’s their different approaches to decentralized computing or their respective tokens’ vastly different trajectories. So, let’s look at how these two projects are performing […]
US Macro: CPI at 3.2%, Jobless Claims Grow
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The yearly inflation rate was 3.2% in July, almost aligned with expectations but still significantly higher than the Federal Reserve’s desired 2%. The jobless claims data for the week that ended August 5 rose […]
