Digital Asset Financial News

09.06 / 12:13

cryptocurrency M&A BitGo Digital Asset FinTech Deal BitGo Announces Landmark Deal to Acquire Crypto Custodian Prime Trust

BitGo Holdings Inc., the renowned digital asset trust and security company, has revealed plans to acquire 100% of the equity of Prime Core Technologies, Inc., the parent company of Prime Trust.

02.06 / 17:37

business Blockchain Polygon Europe Tokens Digital Asset Taurus Asset Tokenization Polygon Blockchain Taurus deploys on Polygon blockchain for asset tokenization and custody

Digital asset infrastructure provider Taurus is stepping up its tokenization efforts in Europe through a full integration with the Polygon blockchain, the company announced on June 2.

26.05 / 15:29

regulation World Economic Forum Digital Asset recommendations WEF publishes crypto asset regulation recommendations for government, industry

The World Economic Forum has released a white paper on crypto asset regulation, assisted by its Digital Currency Governance Consortium. The need for regulation is urgent and cooperation is key, the paper found.

26.05 / 15:29

regulation Central Bank Digital Asset MICA Norway could go its own way on crypto asset regulation, central bank suggests

Norges Bank, the central bank of Norway, has released its annual “Financial Infrastructure Report." It devoted a considerable part of the report to crypto assets and the question of whether Norway should depend on international regulatory examples to control its market.

24.05 / 07:17

regulation wallet SEC Wall Street Digital Asset FINRA Prometheum Prometheum subsidiary receives FINRA approval for digital asset qualified custody

Prometheum subsidiary Prometheum Ember Capital has received approval from the Financial Industry Regulatory Authority (FINRA) as a special purpose broker-dealer (SPBD) for digital asset securities. This approval allows Prometheum to custody digital asset securities on behalf of retail and institutional clients.

19.05 / 07:49

business Blockchain Digital Asset stock exchange Australian Australian stock exchange officially abandons blockchain plans: Report

Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies.

18.05 / 21:07

business Venture Capital banking Digital Asset Singaporean family office to set up digital bank in Bahrain

The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

17.05 / 17:21

regulation Trading Digital Asset China state-owned Greenland to apply for Hong Kong virtual asset trading license

A Greenland Holdings subsidiary is applying for a virtual asset trading license in Hong Kong, the South China Morning Post reported. It is the first state-owned Chinese company to do so.

16.05 / 18:27

business Blockchain Hardware Wallet Hardware Digital Asset Ledger recovery Crypto community reacts to Ledger wallet's secret recovery phrase service

Several crypto community members, including Ledger wallet owners, have taken to social media to express their discontent following the release of Ledger's latest feature. The newly introduced retrieval solution for itshardware crypto wallets, known as Ledger Recover, aims to offer a safeguard in case users misplace their seed phrase.

15.05 / 20:57

markets business Technology CoinShares Digital Asset Bitcoin Digital asset market shrinks as fund outflows reach $200M: CoinShares

On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets under management (AuM),” CoinShares reported.

11.05 / 23:33

regulation SEC banking Digital Asset us house committee Financial US House financial committee tells SEC they don’t like custody proposal

The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and Exchange Commission (SEC) Secretary Vanessa Countryman voicing their concerns over the agency’s proposed advisory clients custody rule. They join a string of crypto industry figures in expressing their objections.

11.05 / 11:21

business Assets Digital Asset reports Financial Animoca Brands reports $3.4B of assets in an interim financial update

Venture capital firm Animoca Brands released an interim financial report laying out its key unaudited financial positions as of April 30, 2023. The company revealed around $3.4 billion in assets, claiming it remains financially strong despite recent reports of its valuation plummeting.

09.05 / 10:01

Blockchain regulation SEC Digital Asset Digital Asset Management Asset management letter Coinbase legal chief sends letter to SEC on RIA rulemaking

Coinbase legal chief has requested that the U.S. Securities and Exchange Commission (SEC) make several revisions to its proposed regulation on the responsibilities of registered investment advisers (RIAs) to store client assets with qualified custodians.

04.05 / 21:35

Government regulation us government white house AML Digital Asset KYC New White House standards strategy could have implications for crypto industry KYC

The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.”

04.05 / 19:37

Stablecoin Congress Digital Asset hearing services Financial House Financial Services and Agriculture Subcommitees To Hold Digital Assets Hearing

A House Financial Services Committee panel together with a House Agriculture subcommittee plan to unpack digital asset regulation during a hearing next week.

04.05 / 18:13

Digital Asset hedge fund U.S. Regulator Cuts Digital Assets Out of Hedge Fund Rule

The Securities and Exchange Commission has decided to leave digital assets out of a new rule requiring more information from hedge fund and private equity advisers.

04.05 / 11:15

Blockchain regulation SEC coinbase security Digital Asset SEC has 10 days to respond to Coinbase complaint: Legal exec

According to a May 4 announcement from Coinbase chief legal officer Paul Grewal, the United States Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear rules for trading digital assets. This marks a development in the legal battle for regulatory clarity.

04.05 / 02:21

business regulation SEC Digital Asset hedge fund SEC steps back from defining digital assets in new hedge fund rules

The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago.

02.05 / 21:09

regulation SEC Congress Digital Asset advisers US congressmen chide presidential advisers over crypto stances in economic report

United States Congressmen Warren Davidson and Mike Flood have written a letter to the chair of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the Economic Report of the President that expressed “a hostile view towards the digital asset ecosystem.”

27.04 / 20:47

regulation Congress Digital Asset us house US House committees hear similar testimonies in simultaneous hearings on digital assets

The United States House of Representatives was abuzz with talk about crypto on April 27, as both the Financial Services Committee and the Agriculture Committee held hearings with nearly identical titles and covered nearly the same ground with many similar conclusions.

26.04 / 20:45

Stablecoin regulation Digital Asset Bahamas securities watchdog presents comprehensive new draft digital assets act

The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.

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