Gemini’s crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top U.S. exchanges. In a May 11 announcement, the exchange attributed much of the growth…
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Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons. Crypto.com, the popular mobile platform for buying and selling digital assets, has become the first cryptocurrency company to receive Malta’s Class 3 Virtual Financial Assets license. The license was granted by the Malta Financial Services Authority,…
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Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark. Cryptocurrency traders awoke to an altcoin bonanza as a handful of meme tokens, along with some of the more established projects, staged double-digit rallies while Bitcoin (BTC) price slowly…
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Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market. Kazakhstan’s government is forming a roadmap to stimulate the development of the cryptocurrency industry and blockchain technology in the country. State authorities have reviewed proposals to address the crypto industry’s development and reconsider the state’s…
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A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official. Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from cryptocurrency trades, Reuters reported on Tuesday. “It is important to know that if there…
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The crypto exchange added that “all customer accounts and funds remain completely secure.” Major U.S.-based cryptocurrency exchange Gemini has experienced two service disruptions today and is now reporting degraded performance in its mobile app, web interface, and application programming interface. According to an update on the Gemini status page, the crypto exchange began investigating reports…
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CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it’s even listed on major exchanges. Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move…
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A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share. As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new…
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Streami, the company behind the popular GOPAX exchange, has received direct funding from Digital Currency Group. Digital Currency Group, the venture capital firm behind some of the biggest companies in blockchain, has become the second-largest shareholder of Streami, a leading cryptocurrency exchange operator in South Korea. Barry Silbert, founder and CEO of Digital Currency Group,…
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Coinbase is taking measures to ensure that no office becomes an unofficial headquarters. Nasdaq-listed cryptocurrency exchange Coinbase is going completely remote and closing its head offices in San Francisco. Coinbase announced Wednesday that it will shut down its former headquarters in the Golden Gate City in 2022 as part of its commitment to “being remote…
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