Prometheum subsidiary receives FINRA approval for digital asset qualified custody
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Bitcoin Increasingly Being Used as ‘Buy-and-Hold’ Asset: Bitfinex Report
Bitcoin turned higher this week, recording a modest 2% gain. While the largest crypto asset continues to languish below several key levels, the holders’ accumulation over the past several weeks suggests that it is “increasingly being used as a buy-and-hold asset.'” According to Bitfinex’s latest report, over 68.45% of the total supply, amounting to 13.27…
Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East
Decentralized finance (DeFi) protocol Num Finance has raised $1.5 million in a funding round and will expand its stablecoin offerings in Latin America and Middle East, the firm announced Tuesday in a press release.Investors in the protocol’s pre-seed round include stablecoin developer Reserve, along with digital asset investor H2O Scouter Fund, Argentine crypto firm’s investment…
Binance Blasts ‘Desperate’ Reuters Report It Commingled Customer and Company Funds
Binance is firing back at a Reuters special report from Tuesday that said the crypto exchange commingled customer funds with company revenue.The report, citing unnamed "former insiders," said the funds in question "ran into billions of dollars" and that "commingling happened almost daily" in accounts the exchange had at collapsed U.S. lender Silvergate Bank. It…
EU Banks Could Access Stablecoins More Easily Under Leaked Plans
The European Commission wants to make it easier for commercial lenders to hold stablecoins and tokenized assets, after lawmakers pushed to discourage crypto holdings as part of a wider banking reform.A leaked document seen by CoinDesk seeks to moderate the tough position taken by the European Parliament, which in January sought to anticipate global standards…
U.S. is ‘Losing’ the Bitcoin Movement: Cathie Wood
Cathie Wood, founder of investment manager ARK Invest, has said the U.S. is 'losing' the bitcoin movement owing to its regulatory system.Speaking at Fortune's Most Powerful Next Gen conference last week, Wood described how the center of gravity of cryptocurrency is moving away from the U.S, using the example of crypto exchange Coinbase (COIN) receiving…
Sorare Carves Out Unique Entry Method for France Due to NFT Regulations
Web3 fantasy sports company Sorare is introducing an alternate entry method for players based in France to abide by the country’s proposed regulatory framework surrounding non-fungible tokens (NFTs).Sorare is working with the French National Gaming Authority (ANJ) to help legally onboard players based in France. Sorare said in a blog post that the solution is…
U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs
U.S. officials on Tuesday sanctioned a swath of crypto-holding wallets with alleged ties to the North Korean government, according to a statement from the Treasury’s Office of Foreign Assets Control (OFAC).The blacklisted wallets – which contained bitcoin, ether, Tether’s USDT and Circle’s USDC – belonged to an individual named Sang Man Kim, a 58-year-old North…
