Crypto wallet provider BRD partners with Ciphertrace, Chainalysis and others to boost its banking enterprise solution. In July this year, the Office of the Comptroller of the Currency granted permission for federally chartered banks to provide custody services for cryptocurrency. While significant, the need for enterprise-grade infrastructure to securely deploy custody solutions has become crucial. […]
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Privacy coins aren’t a major money laundering risk a new white paper argues. Privacy coins including Monero, Dash, Grin, and Zcash pose less of a risk of money laundering than other cryptocurrencies according to a report by a global law firm. According to a new white paper released by U.S. international law firm Perkins Coie, […]
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Yoshihide Suga is set to replace retiring PM Shinzo Abe. Yoshihide Suga has made few public statements on digital currency, but his stance on taxing crypto assets may prove to be the most insightful. The 71-year-old is set to become the country’s new prime minister after being voted in as the leader of Japan’s Liberal […]
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The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance. A new report by the Financial Action Task Force, or FATF, details a series of red flags that can help identify illicit activity involving cryptocurrencies. Among them are a general set of guidelines involving exchanges in jurisdictions with weaker regulations, where Binance is seemingly […]
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Two big crypto companies enter Japan. Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market. The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet. According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered […]
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SushiSwap’s community will take charge of the platform once it completes its migration to a multisignature contract from Uniswap. The high-risk environment around the decentralized finance space and hype for one of its latest offerings, SushiSwap, raises an analogy with a Japanese delicacy called fugu, or pufferfish, which is said to be more deadly than […]
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Check out this week’s Bad Crypto podcast. While Bitcoin stays under its $12,000 ceiling, you can take your pick of future price predictions. The Winklevoss Brothers say that the coin will reach $500,000 and maybe even $600,000 if governments start to include it in their currency reserves. The twins didn’t put a date on that […]
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Warren Buffett and Berkshire Hathaway cut their position on Wells Fargo as the bet on Barrick Gold and rising inflation fuel the bull case for Bitcoin as well. Warren Buffett and Berkshire Hathaway substantially cut their position on Wells Fargo, selling 100 million shares. The Oracle of Omaha is continuing to trim his position in […]
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Ripple’s Japanese partner wants to lead financial innovation in the country. SBI Holdings, Japanese financial giant and a major blockchain-focused institution, is reportedly planning to set up a blockchain-based digital stock exchange. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial […]
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The way law enforcement agencies deal with seized crypto could indicate their de-facto acceptance of the asset class. It is customary for government officials around the world to profess their disdain for crypto on the grounds that it is widely used to facilitate crime and finance terrorism. Although (government-backed) cash still remains criminals’ preferred financial […]
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