Auto Added by WPeMatico

Kraken Crypto Exchange Fined by Australian Court

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product…

Continue ReadingKraken Crypto Exchange Fined by Australian Court

Stablecoin Market Grows by $1.3B in 5 Days as Tether Leads the Charge

Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an…

Continue ReadingStablecoin Market Grows by $1.3B in 5 Days as Tether Leads the Charge

Paypal Launches PYUSD Rewards Program With Anchorage Digital

Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto…

Continue ReadingPaypal Launches PYUSD Rewards Program With Anchorage Digital

Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites

Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial…

Continue ReadingDonald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites

Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products.…

Continue ReadingFranklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

German Authority Seizes 13 Unauthorized Crypto ATMs

Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated…

Continue ReadingGerman Authority Seizes 13 Unauthorized Crypto ATMs

Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager 

Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has…

Continue ReadingBlackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager 

State Street Partners With Taurus to Boost Digital Asset Services

Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive…

Continue ReadingState Street Partners With Taurus to Boost Digital Asset Services

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by…

Continue ReadingBitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million