The insolvent bitcoin and crypto lender Celsius received approval from a New York judge to mine and sell bitcoin during its bankruptcy. During the second day of the case hearing, judge Martin Glenn gave green light for Celsius to operate its bitcoin mining and selling operations to reinstate “financial stability”.
According to a statement issued by the Russian central bank on August 11th, the digital ruble should become available for settlement between individuals and enterprises as early as next year.
According to a press release published by the Federal Reserve Board, an increasing number of bitcoin and crypto exchanges are applying for master accounts at the Federal Reserve. A master account gives a financial institution direct access to one of the 12 branches of the Federal Reserve.
In a new report titled “All that glitters is not gold: The high cost of leaving cryptocurrencies unregulated”, the United Nations Conference on Trade and Development (UNCTAD) highlights the risks of bitcoin and crypto and urges developing countries to: Regulate bitcoin and crypto Restrict advertising surrounding bitcoin and crypto Develop and issue their own Central […]
Another major bank announced it will offer bitcoin and crypto trading to its customers. Union Bank, one of the largest banks in the Philippines, will be rolling out the new feature to a select number of customers before making it available to its entire user base.
Revolut, a popular digital banking app, got approved by the Cyprus Securities and Exchange Commission (CYSEC) to offer bitcoin and crypto to customers in the European Economic Area. The company has over 17 million customers in the European Economic Area and approximately 20 million customers globally.
In a recent email, multi-signature wallet provider Casa mentioned that a segment of its customers was affected by a data breach related to e-commerce provider BigCommerce.
A 29-year old man was arrested in Amsterdam on suspicion of being involved in the development of open-source software Tornado Cash, “concealing criminal financial flows and facilitating money laundering”. The arrest was made by fiscal Information and Investigation Service (FIOD) of the Netherlands. A spokesperson of the FIOD said that multiple arrests aren’t ruled out.
According to Sueddeutsche Zeitung, a German news site, bitcoin AMTs are on the rise in Germany. In June, retailer Saturn set up bitcoin ATMs in Dortmund, Cologne and Frankfurt, three popular destinations in Germany. According to a spokesperson at Saturn, the new ATMs were received positively by customers.
The $10 trillion asset manager made headlines earlier this month when BlackRock partnered with Coinbase to offer bitcoin services to institutional investors. Shortly after the announced partnership, the world’s largest asset manager announced that it launched a spot bitcoin private trust.