Tag: Firm

Global council adds DeFi banking firm Scallop to help secure payment data

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A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to a forum of participating organizations that help toimprove payment data security worldwide. Scallop, a regulated DeFi banking app recently announced its entry to the PCI Security Standards Council (PCI SSC), a global community with a goal to improve payment data security worldwide. According to the DeFi firm, it will be working with the PCI SSC by assisting in the ongoing development and adoption of the PCI Security Standards. Lance…

Crypto Firm Knox Joins Forces With Canadian Qualified Custodian Tetra Trust

“Knox got some comprehensive insurance policies that hadn’t been seen elsewhere, but the qualified custody bit eluded us, and it’s a fairly gargantuan task to get that,” Daskalov said. “So, from our perspective, it was ‘let’s focus on technology’ rather than acquiring a regulated designation, and so we are now joining forces and setting up an insured qualified custodian.” Source

JPMorgan Conducts Strategic Investment to Blockchain Firm TRM Labs, Expanding Crypto Business

On Monday, financial tycoon JPMorgan Chase (JPM) said it is making a “strategic investment” in San Francisco-based blockchain intelligence platform TRM Labs. TRM Labs integrates more than a dozen blockchains, aiming to utilize blockchain technology to detect signs of financial crimes, such as fraud and money laundering, in real-time and help financial institutions, cryptocurrency companies, and public institutions deal with corresponding risk management. TRM said its Labs’ products would help demonstrate the transparency of blockchain transactions, helping clients reduce risk and meet anti-money laundering (AML) regulatory requirements. The company also offers…

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…

Tokenized Asset Firm Securitize Acquires Stock Transfer Company

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

London Stock Exchange Group Buys Fintech Firm TORA for $325M

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

UK Law Firm Gunnercooke Says It Now Accepts Crypto Payments – Featured Bitcoin News

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U.K. law firm, Gunnercooke, claims to be one of the first major law firms in the country to accept crypto payments. Crypto Asset Payments A United Kingdom-based commercial law firm, Gunnercooke, has become the latest practice to accept cryptocurrency as payment for services, a report has said. The firm also claims to be one of the first major U.K.-based law firms to give its clients the payment choice. We’re delighted to announce that we are now the first major UK law firm to officially accept payment in cryptoassets. We’ve partnered…

Crypto trading firm Amber valued at $3B after big Singaporean investment

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Crypto finance service provider Amber has landed a valuation of $3 billion following a funding round led by Singaporean state-owned investment firm Temasek Holdings.  Amber Group was able to raise $200 million in its Series B+ funding round as revealed in a Feb. 21 announcement. Other participants included Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, and Coinbase Ventures. We are excited to announce our Series B+, which comes at a time of rapidly increasing crypto adoption globally. The investment reinforces Amber Group’s strategic alignment with its investors,…