Tag: Crypto

New accounting guidance from the US Securities and Exchange Commission (SEC) has potentially hamstrung banks’ crypto projects, Finextra has claimed.

Token management platform Magna has closed its seed funding round on $15.2m.

Elliptic, a cryptoasset risk management platform, has named former OakNorth employee Jackson Hull as its new chief technology officer.

Around 90% of UK investors that currently don’t own crypto or currently invest in an exchange would invest in crypto with their financial provider if they had the option.

Updated guidance from the Treasury’s Office of Financial Sanctions Implementation (OFSI) has revealed crypto exchanges must report sanction breaches in the UK.

BearTax, a cryptocurrency tax platform, has netted $3.2m in its seed funding round, which was led by Seattle-based investor Ascend.

Abu Dhabi has created a government body to develop its strategy for the regulation and promotion of virtual assets.

Estonia-based BITLEVEX, which offers crypto options trading, has received a $50m investment facility from digital asset investment firm GEM Digital Limited.

Revenue from crypto-related crime has fallen 65% in the first half of 2022 compared to the same period last year, a report by Chainalysis has found.

Digital asset custody, trading and financing platform BitGo is seeking $100m in damages after Galaxy Digital terminates its merger agreement.