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Kasikornbank to Launch Thailand’s First Licensed Digital Asset Custodian

Bitcoin.com
Kasikornbank to Launch Thailand’s First Licensed Digital Asset Custodian
bitcoin.com
Kasikornbank to Launch Thailand’s First Licensed Digital Asset CustodianKasikornbank Financial Conglomerate, a Thai banking giant, has said it plans to launch the country’s first licensed digital asset custodian. The service, called Orbix Custodian, is licensed by the Finance Ministry and supervised by the securities regulator. Kasikornbank is currently testing its systems before launching in early 2025. The goal is to protect investors and […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Sygnum Secures Liechtenstein License to Expand Crypto Services in EU

Bitcoin.com
Sygnum Secures Liechtenstein License to Expand Crypto Services in EU
Assets
Sygnum Secures Liechtenstein License to Expand Crypto Services in EUSygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.

Bitcoin.com
Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.
bank accounts
Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in for a direction that can be linked to an account, allowing them to instantly receive LN payments […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Coinbase shares rise 3% as Q2 crypto trading doubles from last year

Coin Telegraph
Coinbase shares rise 3% as Q2 crypto trading doubles from last year
COIN

Coinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%, respectively, from the prior year.

Coinbase shares rose 3.2% after hours following its latest Q2 results filing — reporting $1.4 billion in revenue in Q2 along with a hefty year-on-year increase in crypto trading volumes.

The crypto exchange reported $266 million in consumer and institutional trading volumes, up from the prior year period and in line with analyst estimates, though it was a considerable drop from the $312 billion reported in Q1.

When it came to revenue, Coinbase gained the most ground from subscription and services revenue, which includes stablecoin revenue, blockchain rewards and fees. This marked a 17% increase from Q1 and nearly doubling from Q2 2023.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in Latam

Bitcoin.com
Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in Latam
bitcoin.com
Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in LatamNubank, Latam’s most valuable bank, has partnered with Lightspark, a cryptocurrency-focused financial services company, to bring its customers access to Lightning Network transactions. With this partnership, Nubank expects to lower costs and get more flexibility for users to take advantage of its trading platform, according to Thomaz Fortes, Executive Director for Nubank Crypto. Nubank to […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Swiss University Introduces 16-Day Bitcoin Course; Critics Question Exorbitant Fee

Bitcoin.com
Swiss University Introduces 16-Day Bitcoin Course; Critics Question Exorbitant Fee
Bitcoin
Swiss University Introduces 16-Day Bitcoin Course; Critics Question Exorbitant FeeThe Zurich University of Applied Sciences has said it will kickstart a 16-day Bitcoin economy training course in March 2025. The short course aims to help students understand how bitcoin influences the financial system. Understanding Bitcoin’s Impact on the Financial System The Zurich University of Applied Sciences (HWZ), a Swiss institution, has said it is […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments

Bitcoin.com
Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments
Bitcoin
Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent PaymentsSome of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency demonstrates the real estate agency’s openness and its eagerness to become “a leader within […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Binance Australia suspends AUD fiat services, citing issues with third party

Coin Telegraph
Binance Australia suspends AUD fiat services, citing issues with third party
AUD

Australian dollar deposits and withdrawals have been impacted due to a decision made by its third-party provider, it said in an announcement.

Cryptocurrency exchange Binance Australia has informed users it has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange.

On May 18, Binance Australia tweeted that AUD PayID deposits were suspended and bank transfer withdrawals will also be impacted "due to a decision made by our third-party payment service provider."

"We understand from our third party payment service provider that Bank Transfer withdrawals will also be impacted and we will advise users on timeline when this is confirmed," it added.

Binance said it is now working to find an alternative provider to continue offering AUD deposits and withdrawals to its users.

The ability to buy and sell crypto using credit or debit cards is still available, it added.

"Notably, you can still buy and sell crypto using credit or debit card and our Binance P2P marketplace will also continue to operate as usual. Rest assured that your funds are safe through the Secure Asset Fund for Users (SAFU), an insurance fund that offers protection to Binance users and their funds in the event of extreme situations," it added.

Related: Australia marks first FX transaction using a CBDC as eAUD pilot continues

AUD withdrawals are seemingly still able to be undertaken for now. Cointelegraph's Australian staff wereable to withdraw AUD into an Australian bank account at the time of writing.

The suspension comes a month after the Australian securities regulator cancelled the financial services license of Binance Australia Derivatives after it reviewed Binance's local operations.

Asia Express: Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services

Bitcoin.com
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services
b2b
Swiss State-Owned Banking Giant Postfinance to Offer Crypto ServicesPostfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum to Provide Digital Asset Products and Services The financial services unit of the national postal service […]
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Binance to lose its GBP on-and-off ramp provider in 9 weeks

Coin Telegraph
Binance to lose its GBP on-and-off ramp provider in 9 weeks
Coin Telegraph

Binance has also had problems with SWIFT, its banking partner for USD transfers over the last few months.

Binance is scrambling to find a new service partner to process British Pound (GBP) transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange. 

Binance explained in a Mar. 13 email to “Binancians” that Skrill would stop processing GBP deposits and withdrawals via bank transfer with its “Faster Payments Service” and card in May. 22.

“We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP fiat services, namely deposits and withdrawals via Faster Payments and card, to Binance users,” the statement read.

Binance's email to users regarding GBP service suspension. Source: Twitter

The trading platform added that they are “working hard to find an alternative provider” to provide GBP on and off-ramp services to users as soon as possible.

It has about nine weeks to find an alternative before Skrill terminates its services.

Binance however confirmed that the change would not impact Binance Accounts or any Binance.com products or services.

Steps to deposit GBP on Binance. Source: Binance.

This isn’t the only service provider dilemma that Binance has dealt with of late either.

Binance temporarily suspended USD bank transfers on Feb. 8 but did not provide an explanation as to why, other than that it would work to restart the feature as soon as possible. At the time, the halt did not apply to the U.S.-based independent entity, Binance.US.

On Jan. 21, Binance also announced that its primary banking partner, SWIFT would ban U.S. Dollar transfers below $100,000 on the trading platform. This service ceased on Feb. 1.

Related: Binance banking problems highlight a divide between crypto firms and banks

Binance then announced on Jan. 23 that Binance users of 143 countries would no longer have access to the SWIFT USD bank deposit and withdrawal channel at all.

The United States, United Kingdom, Australia, France and Germany were some of the few countries that made the cut.

Cointelegraph reached out to Binance and Paysafe, the parent company of Skrill, but did not receive an immediate response.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

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