Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian Businesses Seven placements of digital…
The credentials will “have multiple use cases” including regulatory compliance for banking and Decentralized Finance (DeFi), age verification for e-commerce, pr… Source: https://cointelegraph.com/public/index.php/news/deloitte-integrates-blockchain-for-digital-credentials
Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department of Justice (DOJ) is trying…
The credentials will be used for regulatory compliance for banking and Decentralized Finance (DeFi), age verification for e-commerce, private logins and fundrai… Source: https://cointelegraph.com/app/public/index.php/news/deloitte-integrates-blockchain-for-digital-credentials
Some swift downmoves fail to make Bitcoin dislodge a familiar trading range, with one trader calling it “in limbo.” Source: https://cointelegraph.com/public/index.php/news/watch-these-bitcoin-price-levels-next-as-btc-dips-3-in-choppy-weekend
Big Four accounting firm Deloitte has integrated blockchain technology to enable its customers to verify themselves with a single credential wallet, in an effort to streamline the “typically inefficient” verification processes. In a May 4 statement, Deloitte announced it has integrated KILT blockchain technology, a Polkadot (DOT) parachain, to issue reusable digital credentials to streamline Know Your Customer (KYC) and…
On May 4, in a recent Youtube video, Validus Power Corp.’s executive director, Greg Foss, discussed the potential for the banking industry’s failures to wipe out $10 trillion in equity. Foss expressed his support for “hard assets” such as real estate, gold, and bitcoin. He believes that bitcoin, the leading crypto asset, is one of the best hard assets available.…
A lawyer has explained why the U.S. Securities and Exchange Commission (SEC) will likely lose if the regulator takes crypto exchange Coinbase to court over alleged securities law violations. “The problem is entirely of Gary Gensler’s own making,” he stressed. Lawyer Expects SEC to Lose Against Coinbase in Court Lawyer James Murphy explained in a series of tweets Wednesday why…
The $279 million figure is more than all of the whistleblower awards issued for 2022, with the SEC dishing out $229 million across 103 awards last year. Source: https://cointelegraph.com/app/public/index.php/news/sec-issues-record-whistleblower-award-of-279m
Internet payment processor Stripe has introduced a fiat-to-crypto onramp for Web3 companies in an effort to address the “cold start problem” of customers not having “crypto in their wallets to carry out transactions.” According to a May 4 statement, Stripe’s newly launched fiat-to-crypto onramp service will enable Web3 companies to provide their US-based customers with the ability to purchase crypto…
