Dubai Police Teams Up With Crystal Intelligence to Tackle Crypto Crime

December 1, 2024 Bitcoin.com

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Dubai Police has partnered with blockchain analytics firm Crystal Intelligence and virtual asset broker-dealer Bitoasis to enhance security and combat economic crimes in the digital asset space. Making Dubai the ‘Safest City in the World’ Blockchain analytics firm Crystal Intelligence recently announced a partnership with the Dubai Police to identify and predict future economic crimes […]

Impact of Digital Assets on Financial Stability Minimal: NY Fed Report Says

November 27, 2024 Bitcoin.com

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The New York Federal Reserve’s report evaluates the financial stability implications of digital assets within the context of the broader financial system. Digital Assets Pose No Risk to Global Financial System The New York Federal Reserve’s recent report on digital assets provided a look at their potential risks to financial stability. The report stated that […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

November 24, 2024 Bitcoin.com

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As bitcoin catches its breath on the sidelines, a wave of digital currencies is charging ahead, making big moves. Meanwhile, the infamous Altcoin Season Index is climbing, signaling exciting times for traders who love the chaos of alternative crypto markets. Bitcoin Takes a Breather as Altcoins Steal the Show According to the Altcoin Season Index […]

Altcoins Shine as Crypto Economy Hits $3.29T: OM, XLM, ADA and XRP Drive the Frenzy

November 22, 2024 Bitcoin.com

Altcoins

This week, the crypto economy soared to an astounding $3.29 trillion. Bitcoin (BTC) rose by 10%, while ether (ETH) followed closely with a 9% uptick. Meanwhile, a wide array of alternative digital currencies posted impressive gains, with many achieving growth in the double- and even triple-digit range. From DOGE to XLM, Crypto Market Thrives As […]

The Crypto Cleanup: South Africa’s New Bid to Exit FATF’s Grey List

November 20, 2024 Bitcoin.com

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South Africa’s Financial Intelligence Centre has issued Directive 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions. New Rules Force Crypto Platforms to Track User Identities A South African financial intelligence unit has issued a directive obligating digital asset platforms to collect the identities of parties involved in cryptocurrency transactions. […]

Wall Street’s EDX crypto exchange hits $36B trading volume in 2024

November 15, 2024 Coin Telegraph

Wall Street’s EDX crypto exchange hits B trading volume in 2024

Coin Telegraph

According to EDX Markets, its average daily volume rose by 59% over the third quarter of 2024.

Crypto exchange EDX Markets has seen trading activity take off on its platform in 2024, reporting over $36 billion in volume since January from institutional clients.

According to the exchange, its average daily volume rose by 59% over the third quarter of this year. EDX’s proprietary matching engine is said to have processed more than 2 million trades and over 2.6 billion orders in October.

Founded in 2022, the company is backed by many top Wall Street firms, including Charles Schwab, Citadel Securities, Fidelity Digital Assets and Sequoia Capital.

Scammed: Korean Police Bust $232M Fraudulent Crypto Scheme, Youtube Star at Center

November 14, 2024 Bitcoin.com

Scammed: Korean Police Bust 2M Fraudulent Crypto Scheme, Youtube Star at Center

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South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232 million (325 billion won) from about 15,000 investors. Victims were entrapped by […]

Fireblocks partners with South Korean bank on VAT tokenization

November 14, 2024 Coin Telegraph

banking innovation

Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.

Digital assets platform Fireblocks has signed a Memorandum of Understanding (MoU) with NongHyup Bank, a large South Korean bank specializing in commercial credit and banking services for the agricultural sector. They hope to launch a prototype for tax refunds.

Fireblocks and NongHyup Bank will use the Fireblocks Tokenization Engine in a pilot project to refund value-added tax (VAT) and goods and services tax (GST) on purchases at retail outlets. Fireblocks co-founder and CEO Michael Shaulov told Cointelegraph that they are looking to increase transparency and security. He said:

“This not only reduces operational costs but also ensures a secure, immutable record that strengthens trust between banks and their clients,” he added.

Digital Asset Powerhouse Wyden Snags $16.4M in Funding, Eyes Global Expansion

November 13, 2024 Bitcoin.com

Digital Asset Powerhouse Wyden Snags .4M in Funding, Eyes Global Expansion

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Wyden, a digital asset trading infrastructure provider, secured $16.4 million in Series B funding to expand its client base and strengthen its platform. Wyden to Strengthen Poland Development Hubs On Nov. 13, Wyden, the digital asset trading infrastructure provider, announced it had secured approximately $16.4 million (CHF 14.5 million) in a Series B funding round. […]

Institutions Pour Nearly $2,000,000,000 Into Crypto Products Amid Political and Macro Shift: CoinShares

November 11, 2024 The Daily Hodl

Institutions Pour Nearly ,000,000,000 Into Crypto Products Amid Political and Macro Shift: CoinShares

Bitcoin

Digital assets manager CoinShares says that institutional investors dropped nearly two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in inflows to the tune of $1.98 billion on net last week. CoinShares attributes the stream of inflows to “macroeconomic factors and […]

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