HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8. The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering for tokenized physical gold, launched…
Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, SEBA received the license on 3rd…
Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7. The commission-free trading app made this announcement as it revealed its third-quarter results, indicating a revenue miss. Robinhood attributed the decline in its transaction-based revenue…
Athena Bitcoin, the company operating a state-owned chain of crypto ATMs in El Salvador, plans to integrate the Lightning Network into 100 of these machines in the next couple of months. According to the press release from Nov. 7, Athena Bitcoin Global and Genesis Coin Inc. have already enabled the use of the Lightning Network technology across their technology infrastructure…
Crypto exchange Binance has announced the launch of a new self-custody wallet, accessible through the Binance mobile app. Web3 wallets are “an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance,” said Binance CEO Changpeng “CZ” Zhao in a statement accompanying the announcement. Self-custody wallets are those in which the user is in complete control…
Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederick Gregaard, who said that the network is “boring,” considering the platform’s academic approach. “Cardano is boring. We are boring because we are based on academic peer-reviewed papers,…
More than $15 billion in Bitcoin open interest reaches a predictable conclusion as shorts get squeezed and BTC price action targets $36,000. Source: https://cointelegraph.com/public/index.php/news/bitcoin-short-squeeze-btc-price-35-9-k-oi
European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year. Bitwala is relaunching operations under its original name, in partnership with the support of the banking infrastructure company known as Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8. As part of the partnership, Striga…
The Central Bank of the United Arab Emirates (CBUAE), along with other regulators in the country, has recently published new joint guidance for virtual asset service providers (VASPs) operating within the country. The new guidelines include penalties for VASPs operating without proper licenses within the jurisdiction. The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations…
More than $15 billion in Bitcoin open interest reaches a predictable conclusion as shorts get squeezed and BTC price action targets $36,000. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-short-squeeze-btc-price-35-9-k-oi
