Author: Daniel Palmer

JPMorgan Bank Takes on Coinbase, Gemini as Its First Crypto Exchange Customers – CoinDesk

CoinDesk

While its CEO once called bitcoin a fraud, U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, CoinDesk has confirmed. Sources told The Wall Street Journal Tuesday that the bank has already signed up two popular regulated Read More

Coinbase Launches Price Oracle Aimed to Reduce Systemic Risk in the DeFi Space – CoinDesk

CoinDesk

With around a billions dollars sitting in decentralized finance (DeFi) apps and protocols, Coinbase has started to provide a data feed for cryptocurrency prices to help keep those funds secure. Available from Thursday, the San Francisco crypto exchange said the Read More

Sweden Calls for Action Over Ukraine Crypto ‘Fraud Factory’ – CoinDesk

CoinDesk

Sweden’s foreign minister has called for Ukraine to act following the exposing of an alleged cryptocurrency fraud operation duping naive investors from the country’s capital. The so-called “fraud factory,” working from two floors of plush offices in Kyiv, was exposed Read More

New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies – CoinDesk

CoinDesk

New Zealand’s tax authority is considering changes to its treatment of cryptocurrencies that would drop the current and controversial application of goods and services tax (GST). The current regime sees bitcoin and other digital currencies as property, with normal rules Read More

Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies – CoinDesk

CoinDesk

A new payments system is coming to Brazil later this year promising almost instant transfers. Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, Read More

Boerse Stuttgart Subsidiary Launching Institutional Crypto Custody Services – CoinDesk

CoinDesk

Blocknox, a subsidiary of the second largest German stock exchange Boerse Stuttgart, is expanding its cryptocurrency custody service to institutional players. According to an announcement from the bourse on Tuesday, Blocknox already provides custody for crypto assets on an “escrow Read More

Craig Wright Doubles Down on Satoshi Claim, Says Bitcoin Core Infringes His ‘Database Rights’ – CoinDesk

CoinDesk

The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said Read More

Santander Hires Former Apple Pay Exec to Lead P2P Payments – CoinDesk

CoinDesk

An executive formerly working on Apple’s payments products has joined Banco Santander. Trish Burgess joins the Spain-based multinational as the new global head of Peer-to-Peer Payments and will direct its expansion of digital payments services globally, according to an announcement Read More

Digital Banking Startup Targets UK License to Serve Crypto Firms – CoinDesk

CoinDesk

A London-based startup says it wants to become the “first digital assets merchant bank” in the U.K. According to its website, DAG Global aims to “deliver next-generation merchant banking solutions to the underserved fintech, digital and SME sector.” That is, Read More

TokenSoft Launches Wallet Allowing Investors to Self-Manage Security Tokens – CoinDesk

CoinDesk

U.S.-regulated security token platform TokenSoft is now providing self-managed accounts for investors. The new service, announced on Thursday, is aimed to provide users of the platform a less technical and more secure way to hold and control their security token Read More

UN Warns Against Attending North Korean Crypto Conference Next Month – CoinDesk

CoinDesk

The United Nations is warning about the risks of attending North Korea’s cryptocurrency conference in February. Reuters reports Wednesday that going to the event would probably be a violation of international sanctions, according to a confidential report soon to be Read More

Ex-Kraken Employee Alleges ‘Unethical and Illegal Tactics’ in Discrimination Lawsuit – CoinDesk

CoinDesk

Kraken, the U.S.-based cryptocurrency exchange, is being sued by an ex-employee who alleges the company unfairly fired him for raising serious issues with its business practices. The case – filed Nov. 26 in California– has been brought by Nathan Runyon, Read More

‘New Risks’: Swiss Government Skeptical on Central Bank Digital Currency – CoinDesk

CoinDesk

A digital Swiss franc would do more harm than good, according to the nation’s government. Having been requested by the Swiss parliament to examine the potential of creating a central bank digital currency (CBDC), the government concluded that it would Read More

Netherlands Plans to Punish Crypto Scammers With Up to 6 Years in Jail – CoinDesk

CoinDesk

The Netherlands is planning on bringing in harsher penalties for scams involving banking apps and cryptocurrencies. Proposed new legislation from the country’s Ministry of Justice and Security is aimed to align penalties for fraud utilizing these newer payment methods with Read More