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Cryptocurrency News

Custodia Bank Files Lawsuit against US Federal Reserve
The lawsuit from Custodia Bank is not an uncommon move from a crypto-linked entity that feels regulation is not being fairly administered. Custodia Bank, one of the leading crypto-focused financial institutions in the United States has filed a lawsuit against the Board of Directors of the Kansas City Fed... Read more
Crypto.com to Set Up EU Headquarters in Paris
A couple of months ago, the company also received regulatory approval from Italian authorities Crypto.com has revealed a 150 million euro investment in France to back its operations in the country, with an upcoming European headquarter in Paris. Moreover, in addition to the introduction of the European Union headquarters... Read more
Coinsquare Receives Approval for Dealer Registration and IIROC Membership
On the 12th of October, Coinsquare announced that IIROC had approved its dealer registration and IIROC membership. The Investment Industry Regulatory Organization of Canada (IIROC) has approved Coinsquare as a member of Canada’s top self-regulatory organization. This makes the Toronto-based crypto exchange the first crypto-native platform to join the... Read more
SEC Launches Investigation Into Yuga Labs Over Unregistered Offerings
According to the report, the SEC is concerned that Yuga Labs is violating federal law by issuing NFTs that act like stocks. The US Securities and Exchange Commission (SEC) has initiated an investigation into Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection. Citing unnamed sources,... Read more
Gemini Receives Registration Approval as Virtual Asset Service Provider in Ireland
Now, customers in Ireland can begin to open accounts with Gemini via its website and mobile application. Crypto exchange and custodian Gemini Trust Company has obtained approval for registration as a Virtual Asset Service Provider (VASP) in Ireland. As a result of the green light from the Central Bank... Read more
BNY Mellon Rolls Out Crypto Custody Services to Customers
BNY Mellon would be the first bank to use one platform to offer custody for both traditional and crypto holdings. America’s oldest bank BNY Mellon has extended its custody services to cryptocurrencies, according to a Tuesday press release. This means that the bank may now hold digital assets, including... Read more
Portugal Proposes New Crypto Tax Bill | Coinspeaker
Portugal’s potential crypto tax is part of a broader plan aimed at boosting the country’s economy. Portugal is set to revise its crypto tax laws, especially as it concerns individuals and their crypto earnings. Before now, the country had a seemingly soft taxing regime considering how it exempted individuals... Read more
OECD Issues New Global Tax-reporting Framework for Crypto Assets
The OECD crypto framework is an amendment to the Common Reporting Standard, and covers stablecoins, crypto derivatives, and NFTs. The Organization for Economic Co-operation and Development (OECD) has released its new global tax reporting framework for crypto assets. This official blueprint has a scope that encompasses stablecoins, crypto derivatives,... Read more
Crypto Mortgage Lender Moon Mortgage Raises $3.5M Seed Round
The CryptoMortgage by Moon Mortgage will soon be available to homebuyers in Texas, Florida, and Colorado, as well as investors in the majority of states in the US for investment properties. Crypto lending platform Moon Mortgage has secured $3.5 million in a seed round, which according to the company,... Read more
Citi to Launch 24/7 Clearing in Q4 2022
Citi hopes to use the innovation to further establishes itself as a major payments and trade solution. Treasury and Trade Solutions (TTS), Citi has revealed its plans to offer a round-the-clock clearing service to financial institutions under its wings. According to the announcement, Citi will make the clearing service... Read more
Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan
As of the time of writing, 8 payments amounting to $645,405 towards loan repayments have so far been completed by Blockwater. TrueFi, a decentralized lending protocol, has announced that South Korean blockchain investment firm Blockwater Technologies defaulted on a loan. According to a blog post published by the company,... Read more
Visa Teaming Up with Global Crypto Exchange FTX to Offer Debit Cards in 40 Countries
Visa and FTX are partnering to promote mainstream crypto spending via the issuance of dedicated crypto debit cards. Payment solutions provider Visa Inc is reportedly collaborating with crypto exchange FTX to offer crypto debit cards. According to reports, FTX users across 40 countries, particularly Latin America, Asia, and Europe, can choose to link these cards... Read more
Crypto.com Cutting Down on Workforce and Brand Partnerships
Even though the company’s plan to be the official sponsor of the 2022 FIFA World Cup is still on the cards, the exchange has sculpted out a few of its hospitality packages. With the bear market continuing its tumultuous run in the crypto space, cryptocurrency exchange Crypto.com has been... Read more
CME Group Set to Launch 3 New Crypto Reference Rates and Real-Time Indices
Derivatives giant CME appears set to launch 3 new crypto reference rates at the end of the month, in collaboration with CF Benchmarks. CME Group Inc is launching three new crypto reference rates and real-time indices this month, according to reports. The world’s largest financial derivatives exchange will launch reference rates for... Read more
EU Bans Russians from Making Crypto Transactions to Europe
The European Commission ensures it enforces the sanctions across Europe. The EU remains to support Ukraine and its people alongside several international partners. Following recent EU sanctions, Russians will not be able to send crypto payments to Europe. The union seeks to tighten its sanction against the world’s largest... Read more
SEC Cracks Down on Elaborate Crypto Ponzi Scheme Targeting Latino Investors
The SEC has filed a complaint with a Texas court regarding the alleged facilitators of a crypto Ponzi scheme. The Securities and Exchange Commission (SEC) recently cracked down on a multimillion crypto Ponzi scheme targeting Latino investors. According to a regulatory filing released Monday, Texas-based crypto firm CryptoFX “used the attraction... Read more
Nasdaq Will Not Launch Crypto Exchange in US until Regulations Are Clearer
One crucial reason for Nasdaq staying away from floating a crypto exchange in the United States is the lack of regulations. Despite being a very promising business model, the launch of a crypto trading platform in the United States is not in the immediate plans of the Nasdaq Global... Read more
Crypto Fund Manager Bitwise Launches Web3-focused ETF amid Market Downturn
The ongoing market downturn has no hold on crypto-based ETFs and Bitwise is looking to capitalize with its new ETF launch. Bitwise, a leading crypto fund manager, has launched a new exchange-traded fund (ETF) it calls the Bitwise Web3 ETF (BWEB). The ETF is now listed and has begun... Read more
Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns
Timothy Cradle, Celsius former director of financial crimes compliance, believes that the downfall of Celsius was its inability to manage risk well. A recent report has disclosed that the co-founder and chief strategy officer of bankrupt crypto lending platform Celsius, S. Daniel Leon has submitted his resignation letter. This... Read more
Coinbase to Release Documentary on Amazon, iTunes, Youtube
The movie will cover the origin and the rise of Coinbase since its debut in US public markets. Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong has announced that the company will release a documentary about cryptos and the exchange itself. Named “Coin: A Founder’s Story”, the movie has been... Read more
Senior US Regulators Demand Increased Rules and New Legislation for Cryptocurrencies
The Financial Stability Oversight Council also asked Congress to pass a law for increasing the transparency of crypto projects and allow regulators to effectively coordinate across different jurisdictions over crypto businesses. The crypto winter of 2022 has forced regulatory bodies across the globe to fast-track rules and legislation for... Read more