State Street Corp., a well-established financial institution based in Boston, is delving into the realm of digital assets by considering the launch of its own stablecoin and exploring tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. Recent reports indicate that State Street has been actively immersing
Services
In a strategic move towards global expansion, Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This marks a significant milestone for the platform, signaling its commitment to serving clients in key markets beyond the US.
Crypto exchange OKX has recently selected Malta as its Market in Crypto-Assets (MiCA) hub in order to cater to the 450 million residents of the European Union. By making this strategic move, OKX aims to provide services that are compliant with local wregulations, while also ensuring seamless connectivity for deposits and withdrawals to local bank
Recently, leading crypto exchange OKX made headlines with its announcement regarding the discontinuation of its services in Nigeria. This decision was primarily prompted by the recent regulatory changes in the country, which have created challenges for crypto exchanges operating within its borders. According to emails sent to OKX’s Nigerian users, customers have until August 30
Recently, Hong Kong’s financial regulators wrapped up a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. The consultation, which came to a close in February, garnered 108 submissions from a variety of stakeholders, ranging from market participants to industry associations and professional organizations. The joint statement made on July 17 by
The recent announcement from crypto exchange OKX has sent shockwaves through the Nigerian crypto community. OKX has informed Nigerian clients that they have until Aug. 16 to close their positions, as the platform is ceasing operations in the African country due to local regulations. In a move that has left many users frustrated, OKX stated
The recent partnership between Wirex and Visa has sparked excitement in the financial world, as two major players in digital payment processing come together to revolutionize the way we handle transactions. Wirex, known for its cutting-edge Web3 money app, and Visa, a frontrunner in global digital payments, have joined forces with the goal of advancing
Elon Musk, the CTO and chairman of X, made allegations against the European Commission, stating that they offered an “illegal secret deal” to the social media platform. Musk claimed that the deal involved censoring speech without disclosing it to the public in order to avoid being fined in the EU. He mentioned that other platforms
During a hearing on July 11, Judge Katherine Polk Failla expressed doubts about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the cryptocurrency exchange. The hearing highlighted Coinbase’s persistent efforts to obtain Gensler’s communications, including statements made before he assumed the role of SEC Chair in 2021. Judge Failla seemed
Anomaly Games has recently announced their partnership with the Google for Startups Cloud Program, aiming to combine innovative cloud technology with artificial intelligence and Web3 advancements. This collaboration promises to bring a fresh approach to web-based experiences and game development, revolutionizing the gaming sector. This article will delve into the details of this strategic partnership,