Chiliz’ Socios.com secures in-principle license approval in Malta
A Class 3 VFAA license will allow Socios.com to provide any digital asset service and hold or control clients’ assets as they provide virtual financial asset services.
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Crypto Lending Platform Compound to Start Distributing Tokens
The Compound community approved a proposal calling for the distribution of the COMP token to all users of the DeFi protocol. 1535 Total views 38 Total shares Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15.According to a June 10 tweet from Compound,…

Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based USDT
Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21.In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to…

Hong Kong’s New Criteria on Crypto Exchanges Actually Isn’t Important
On Nov. 7, Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, said at a conference that a new framework for crypto exchanges will be implemented. Almost immediately after the announcement, Reuters reported that a crypto exchange based in Hong Kong called OSL became the first to apply for a license…

Ripple, Brave, and Huobi Join Instant Global Payments Network PayID
Ripple, Brave, Huobi and 40 other companies have joined the Open Payment Coalition to launch instant payment network PayID worldwide. 192 Total views 1 Total shares More than 40 companies including Ripple, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments system PayID.Reaching more than 100 million consumers,…

Bitget pledges $10M for Fetch.ai ecosystem amid ChatGPT boom
The move comes amid a surge in popularity for artificial intelligence tools such as ChatGPT. 402 Total views 3 Total shares Own this piece of history Collect this article as an NFTBitget has pledged $10 million for the development of the Fetch.ai ecosystem, the cryptocurrency derivatives exchange announced on April 27.Fetch.ai provides the infrastructure to…

Australia bolsters crypto watchdogs in ”multi-stage’ plan to fight scams
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022. Own this piece of history Collect this article as an NFTThe Australian government is bolstering its market regulator's digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk…

Beijing investigates crypto mining farms to improve energy efficiency
Bitcoin's electricity bill has been attracting the attention of regulators worldwide. 4826 Total views 20 Total shares Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday.The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the…

Almost $100M exits US crypto funds in anticipation of hawkish monetary policy
“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote. 1786 Total views 32 Total shares Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation…