Cryptocurrencies
Banks Holding Cryptocurrencies Face Strict New Regulations in European Parliament
The European Parliament must approve a new crypto exposure policy for banks.
DBS Bank to Expand Crypto Services to Hong Kong
As Hong Kong strives to become a digital asset center, Singapore state-owned megabank DBS Group plans to extend its crypto platform there.
Bakkt to Shift Focus to B2B Technology Solutions
Bakkt said it would continue to provide crypto and loyalty experiences via SaaS and API solutions on a secure platform.
Blender is relaunched as Sinbad
Elliptic, a crypto risk management organization, hypothesized that Blender renamed to Sinbad to "earn confidence from users" and escape fines.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Kazakhstan plans to reduce tax fraud and unlawful business operations
The obligation will gather "information on the revenue of digital miners and digital mining pools for tax purposes" starting Jan. 1, 2024.
Web2 and Web3 tools are merging as crypto-backed debit cards
The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year.
Mississippi State Senate Passes Bill to Protect Crypto Miners
The Mississippi state senate approved a law to shield the bitcoin mining business from unfair "regulatory hurdles."
Ethereum staking service Rocket Pool reaches $1 billion in total value
Decentralized network operators get 7.26% annually.
LocalBitcoins Shuts Down After 10 Years
After 10 years, Finland's LocalBitcoins is closing.