Crypto whales acquire AI token $LPXX amid Microsoft’s AI talent acquisition. Image by Kaleb, Adobe Stock. The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers and custodians must act as separate entities in order for businesses to succeed. While it’s common to keep financial actors separated within…
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An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander. Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH). On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a…
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A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the possibility of using credit and debit cards for receiving payments, and users had to turn…
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The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements. Canada’s Office of the Superintendent of Financial Institutions (OSFI) has opened a consultation period on crypto-asset disclosure requirements for federally regulated financial institutions. The consultation was foreseen in the 2023 federal budget, but its timing is tied…
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Source: AdobeStock / Alex Yeung Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Banking news SC Ventures, the innovation, fintech investment, and venture arm of banking giant Standard Chartered, announced the launch of Libeara, a tokenization platform that will enable the…
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Source: SGKB Switzerland’s fifth largest cantonal bank, St.Galler Kantonalbank (SGKB), has partnered with SEBA Bank to offer custody and trading services for Bitcoin and Ethereum. SGKB announced that the service is initially available to a select group of wealth-management clients at SGKB with future plans to expand the offering to retail customers soon. Christian Bieri,…
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The Collins dictionary named AI word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023. Artificial intelligence, more specifically its abbreviation ‘AI,’ was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers. The Collins dictionary…
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The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found. The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC), the independent United States government body that provides deposit insurance to commercial and savings banks, has published…
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The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals. The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch…
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The world’s longest-running crypto exchange Bitstamp is in talks with three large European banks about offering crypto services. The 12-year-old exchange is in talks to help the banks begin offering these services possibly in the first quarter of 2024. Cryptonews has reached out to Bitstamp for comment. … Read More: Bitstamp Crypto Exchange Seeks Collaboration with…
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