November 19, 2024 at 01:25 AM GST updated: November 19, 2024 at 01:24 AM 2 mins read News EURQ and USDQ comply with MiCAR, ensuring transparency and security in Europe’s financial transactions. The partnership with Tether leverages its Hadron platform for cutting-edge tokenization and compliance tools. Backed by Kraken and Fabric Ventures, EURQ and USDQ…
Tether has announced plans to invest an undisclosed amount in Quantoz, a Dutch fintech company, to assist with the introduction of two new stablecoins — EURQ and USDQ, according to a Nov. 18 statement. Quantoz, which operates under a license from the Dutch Central Bank (DNB), plans to issue these stablecoins using Tether’s new Hadron…
Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto traders. Revolut X offers advanced trading features…
Jan Nieuwenhuijs, an expert in gold markets, believes he has found evidence that Europe is preparing to adopt a new standard. He states that the recent movements of several Eastern European countries—purchasing or selling gold to reach a determined ratio—are part of the actions leading up to this development. Analyst: Countries in Europe Equilibrating Gold…
Western leaders from Europe are facing jitters as the BRICS 2024 summit is held in the Kazan region of Russia. Talks of isolating Russia through sanctions have failed as representatives from over 40 countries are participating in the outreach. Policies about de-dollarization, ending reliance on the Euro and Pound, and pushing local currencies for trade…
The following is a guest post by Anil Oncu, CEO of Bitpace. Since its inception in 2020, the European Union’s Markets in Crypto-Assets (MiCA) regulation has shed a new light on the European crypto industry. While many have considered the continent a less important player, the fledgling regulation has introduced a new narrative—one where Europe…
Worldcoin is shifting its focus from Europe to Asia. The participants have the option to claim the project’s cryptocurrency, WLD. The crypto biometrics project, Worldcoin, co-founded by OpenAI’s CEO, Sam Altman is shifting its focus away from Europe. The managing director of its Europe entity, Fabian Bodensteiner stated that countries in the Asia-Pacific (APAC) region,…
Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking…
US-based financial services firm Robinhood has expanded its operations into Europe. It now enables users to buy and sell more than 20 cryptocurrencies. Users can also deposit and withdraw their crypto. This new feature allows users to transfer their cryptocurrencies between their Robinhood account and other wallets or exchanges, giving them more control over their…
Kraken has announced the delisting of Monero (XMR) across the entire European Economic Area (EEA) due to regulatory changes. Effective October 31, 2024, at 15:00 PM UTC, trading and deposits for all XMR markets will be halted, and any open orders will be automatically closed. Clients will have until December 31, 2024, to withdraw their…
Matrixport announced the all-cash acquisition of Crypto Finance (Asset Management) AG on September 30, 2024. The company has rebranded CFAM to Matrixport Asset Management AG (MAM). $6 billion assets under management Matrixport will use the acquisition to expand its footprint in Europe. Matrixport, a crypto financial services provider, has completed its acquisition of Crypto Finance…
Kraken completed its acquisition of Dutch broker BCM, boosting its European expansion ahead of MiCA regulations. The acquisition strengthens Kraken’s market presence, offering expanded crypto services across multiple European countries. Kraken, a renowned cryptocurrency exchange, has officially finalized its acquisition of Coin Meester B.V. (BCM), one of the Netherlands’ oldest licensed cryptocurrency brokers. This move…
Kraken has closed the acquisition of Dutch cryptocurrency exchange Coin Meester B.V. The exchange has been expanding its services across EU ahead of MiCA regulation. Crypto exchange Kraken has completed the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto broker. BCM has regulatory approval as a registered virtual asset service provider in…
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its…
Commerzbank, one of Germany’s largest banks, has partnered with Deutsche Börse subsidiary Crypto Finance to offer secure bitcoin and ether services to its corporate clients. The collaboration focuses on seamless trading and custody solutions, ensuring regulated access to digital assets for select clients in Germany. This marks an important step towards broadening institutional crypto services…
Boerse Stuttgart Digital is collaborating with DZ Bank to bring secure cryptocurrency trading and storage to over 700 cooperative banks across Germany. The move marks a significant step toward mainstream crypto adoption in Europe, with banks now offering regulated crypto services to retail customers. This collaboration will help meet the growing demand for digital assets,…
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and…
Privado ID’s partnership with Telefonica Tech is aimed at accelerating adoption of privacy-focused and compliant digital identities for users in the European Union. The collaboration comes as the EU prepares for elDAS2, a key regulation on digital identity. Telefonica Tech, the digital business arm of Spanish telecom giant Telefónica Group, is collaborating with Privado ID…
UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in…
Siemens issued a €300 million digital bond on SWIAT’s blockchain platform. The bond settled in minutes, a significant improvement from Siemens’ previous bond. Major German banks participated, showcasing growing interest in blockchain assets. Germany’s tech giant Siemens has issued a €300 million digital bond, its second blockchain-based bond. The bond, issued under Germany’s Electronic Securities Act…
Mark Karpeles to launch EllipX crypto exchange in Europe. EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch. Former Mt. Gox users will get a 50% trading fee discount tied to NFTs as a goodwill gesture. Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch…
Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and stressed that if it loses the battle, “dark ages will be our future.” Tether CEO…
Chris Pavlovski, founder and CEO of Rumble, an independent online video platform, has reported that he left Europe after the arrest of Telegram CEO Pavel Durov. Pavlovski criticized the measures taken against Durov, stating that France had “crossed a red line” by arresting him for not censoring speech. “Rumble will not stand for this behavior…
Bitwise acquires ETC Group, expanding into Europe with $4.5B in crypto AUM. ETC Group’s products will rebrand under Bitwise but there will be no changes to strategies. Bitwise anticipates a shift in crypto with the introduction of spot Bitcoin ETFs. In a strategic move to broaden its global footprint, Bitwise, the largest crypto index fund…
Binance Revises Operations to Comply with EU Standards After Community Feedback Binance, the cryptocurrency exchange, has announced that it is reversing its decision to delist several privacy coins in Europe. The company stated that it has made revisions to its operations to ensure compliance with local regulations, leading to the reversal of its previous plan….