Month: February 2022

Uphold becomes registered crypto-asset firm in UK post-FCA approval

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A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom’s Financial Conduct Authority (FCA). According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Thursday, joining the select list of 32 firms that have received FCA approval as Registered Crypto Asset service providers out of the 200 that applied. The approval signifies that the firm is in compliance with the U.K. Anti-Money Laundering and Counter-Terrorist Financing regulations. FCA Registered Crypto Asset firms. Source: FCA For crypto exchanges and…

VAF Compliance Is a Forensic Service Provider That Can Help You Pass KYC/AML for Crypto Banking – Sponsored Bitcoin News

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sponsored At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means…

Stablecoin issuer Circle launches business accounts for USDC transactions

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USD Coin (USDC) operator Circle has launched a new account service aimed at helping businesses transact in cryptocurrencies — potentially opening the door to wider mainstream adoption of digital assets.  The new business-centric Circle Account allows enterprise clients to deposit, withdraw, receive and store cryptocurrencies and have all payments settled in the USDC stablecoin, the company announced Wednesday. Circle’s new account features give businesses the ability to seamlessly integrate crypto payments into their operations and use digital assets as collateral. Account holders can send and receive USDC across eight blockchains,…

Warner Music Group announces partnership with blockchain gaming developer Splinterlands

On Wednesday, Warner Music Group announced it had entered into a partnership with fantasy-themed collectible card game developer Splinterlands. The two companies will collaborate and enable opportunities for WMG artists to create and develop play-to-earn, arcade-style blockchain games. Last month, WMG made its first entry into the nonfungible token, or NFT, metaverse realm in a partnership with The Sandbox with the goal of providing WMG artists another outlet with which to engage their fans. In a statement, Oana Ruxandra, chief digital officer and executive vice president of business development at WMG,…

Mintable pledges to return NFTs stolen in OpenSea exploit

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Major nonfungible token (NFT) marketplace OpenSea announced a service upgrade on Saturday requesting that users migrate their listed assets from the Ethereum (ETH) blockchain to a newly created smart contract. However, in the hours that followed, 32 users of the platform became victims of a targeted email phishing attack that resulted in an anonymous entity stealing $1.7 million worth of Ether. OpenSea CEO Devin Finzer published a tweet thread explaining that the breach was orchestrated via fake email scams assuring users of its OpenSea identity and convincing them to sign a…

Even in a choppy crypto market, this algorithmic indicator helped traders identify the few winners

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Just as it started to look like the crypto market was staging a comeback and bracing for a new bull run, geopolitical tensions stepped in to drive the price of Bitcoin (BTC) below $40,000 again, with most altcoins seeing deep red as well. Such periods of market uncertainty, however, are not unprecedented, and digital assets’ individual history already holds information on the way their prices behaved under similar macro conditions previously. Last week was not rich with impressive altcoin rallies, as the crypto market seesawed along with the twists and…

MUFG drops blockchain payment project to focus on stablecoins

Japan’s biggest financial conglomerate, Mitsubishi UFJ Financial Group (MUFG), will abandon its three-year-old blockchain payment project to focus on other digital and fintech initiatives. MUFG officially announced Tuesday the suspension of Global Open Network (GO-Net) Japan, a blockchain-based project aiming at high scalability and multi-connectivity data processing “in response to the rise of the internet of things.” The project was officially introduced back in February 2019, with MUFG joining forces with the United States content delivery network Akamai, planning to create a payment service featuring multiple functions like communication and…