German Bank Launches Digital Assets Unit to Offer Custody Products
German bank SolarisBank is jumping into the crypto custody space. Through a subsidiary called Solaris Digital Assets, the Berlin-based bank will offer a white-labeled custody product, the company recently announced. The financial technology startup received a German banking license in 2016
‘Questionable’ Death Prompts Call to Exhume Quadriga CEO’s Body
Skepticism around the demise of Canadian cryptocurrency exchange founder Gerald Cotten just won’t go away. The “questionable circumstances” behind the death of QuadrigaCX’s chief executive last year in India at 30 led lawyers representing customers of the collapsed trading platform to
Monero Workgroup: It’s Up to Exchanges Not Assets To Comply With Travel Rule; XMR Not Subjected
In a blog, the Monero Compliance Workgroup came to the conclusion that XMR is exempted from FinCEN Funds Travel Rule as it is not applicable to assets and cryptos like the XMR. According to the blog, the rules set by the U.S.
Three Men Are Charged in $722 Million Cryptocurrency Fraud
Three men were charged by U.S. prosecutors with helping run a $722 million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme.” From 2014 until this month, the men operated BitClub Network, which solicited money from investors in exchange for shares in purported
FinCEN Sees Jump in Crypto-Related Suspicious Activity Reports
Crypto companies have filed 7,100 Suspicious Activity Reports (SAR) since May, America’s anti-money-laundering (AML) chief said at a banking conference Tuesday. The reports, according to Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), follow FinCEN’s May guidance explaining how the Banking Secrecy
Santander proves blockchain-based bonds can be supported on public networks
Spanish banking giant Santander redeems a $2oM bond through Ethereum blockchain. Santander redeems a $20M bond on Ethereum network The firm has processed an early repayment of its blockchain-based bonds that it issued earlier this year. The bonds proved that the
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before
Bitcoin in Wait-and-See Mode as Downward Trend Persists
With Bitcoin’s wild price swings subsiding over the past week, investors are now looking ahead to its next potential breakout. Bitcoin’s price has stabilized above its support level of the initial gap created on May 10, potentially marking a bottom for
Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO
Telegram told investors it was using Wall Street megabanks BNY Mellon and Credit Suisse to move and store fiat currency raised in last year’s blockchain token sale, court filings show. On Monday, the Securities and Exchange Commission (SEC) filed a proposed
A Bitcoin Wallet Is Orbiting the Earth at 5 Miles Per Second
CAPE CANAVERAL, FLORIDA – At exactly 12:29 EST on Thursday, a crypto wallet built by developers at SpaceChain hurtled into the stratosphere aboard a Falcon 9 rocket. When it arrived at the International Space Station, the 1kg node – only a