News list for "Money business"
Robinhood is ramping up its cryptocurrency business, with the trading app launching Ethereum and Solana staking services in New York from Tuesday and plans to expand across the US, according to the company. Robinhood also announced its foray into the global cryptocurrency market. In Europe, it will add perpetual futures contracts for a variety of cryptocurrencies, as well as Indonesia, where it has agreed to buy a brokerage and cryptocurrency platform.
Coinbase, Inc. has been licensed by the New York State Department of Financial Services to engage in virtual currency business activities.
According to Bloomberg, the European Union's executive arm plans to give the European Securities and Markets Authority (ESMA) new powers to act as the direct regulator of all crypto-asset service providers in the region and to authorize new businesses. The draft, which will be formally announced next month, could upend years of work by national regulators and companies in overseeing the industry. Under the European Union's Crypto Asset Market Regulations, crypto businesses currently need to be a...
According to a Financial Times investigation, US President Donald Trump and his family have made over $1 billion in pre-tax profits from their cryptocurrency businesses in the past year. According to the survey, the Trump family's cryptocurrency empire includes digital trading cards, meme coins, stablecoins, tokens, and decentralized financial platforms. Among them, TRUMP and MELANIAmeme coins generate about $427 million in sales and transaction fee revenue. The World Liberty Financial platform ...
According to Crowdfund Insider, trading platform Moomoo will integrate Fireblocks' wallet-as-a-service (WaaS) infrastructure to expand and secure its digital asset services. Scheduled to be completed by the end of 2025, the integration will enable Moomoo Singapore to connect to the Fireblocks network and access a wide range of liquidity providers.
On September 19, Keen Golden Limited, a joint venture of Hong Kong-listed company International Commercial Clearing Holdings Limited (00147.HK), signed an agreement with Bitmain Technologies Georgia Limited and Tecnoenergia Capital Paraguay S.A. to purchase a total of 1,863 HASH supercomputing servers for a total price of about 10.87 million US dollars. The buyer can choose to pay in cash or bitcoin as a pledge. The estimated delivery time is before the end of September, and the server warranty ...
The Federal Reserve issued a statement saying that it has stopped its "New Activity Supervision Program" established in 2023, which was part of the function of strengthening the supervision of cryptocurrency businesses in the banking industry. Analysts believe that this move also continues the recent trend of US regulators to relax supervision of the cryptocurrency industry. US media pointed out that in April this year, the Federal Reserve withdrew the guidance that banks need to obtain regulato...
Coinbase has been licensed by the New York State Department of Financial Services to engage in virtual currency business activities. New York residents can now send and receive USDC on the Base network via the Coinbase web page as well as the Coinbase iOS and Android apps.
Cuy Sheffield, head of Visa's cryptocurrency business, said he was not concerned that the rise of stablecoins could pose a risk to traditional payment companies, even as the payments giant sees the rise of stablecoins as an opportunity, even as they offer consumers a new way to pay without a credit card. Cuy Sheffield pointed out that stablecoins do not solve too many problems with retail payments, as data shows that the majority of stablecoin transactions come from high-value transfers rather t...
According to the Korea Intellectual Property Office on July 9, Woori Bank, one of the five largest commercial banks in South Korea, applied for 12 stablecoin trademarks including "WKRW", "KRWOORI", "WONKR" and "CKRW" on July 7, involving cryptocurrency financial transactions and cryptocurrency electronic transfer services. So far, all five major financial holding companies in South Korea have held stablecoin trademarks at the level of affiliated companies or holding companies.
