Crypto bank Sygnum hits unicorn status with new $58M raise
Fulgur Ventures, a cornerstone investor in the final close of Sygnum’s strategic growth round, is known for backing major industry platforms like Blockstream. Go to Source
EEA
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Europe’s Coinbase users frustrated as MiCA forces sunset of USDC yield
Some Coinbase users are airing frustration at the region’s MiCA laws, which is forcing the exchange to stop offering yield on USDC in the European Economic Area. Go to Source
Revolut expands crypto exchange to 30 new markets in Europe
Revolut X’s expansion in the European Economic Area comes after Revolut debuted the crypto exchange in the United Kingdom in May. Go to Source
Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations?
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework. Go to Source
Kraken to end Monero support in European Economic Area
Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency. Go to Source
Sygnum Secures Liechtenstein License to Expand Crypto Services in EU
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its … Read more
Revolut and Ledger wallet enable new crypto rails in EEA
Ledger, a major hardware wallet company, has partnered with Revolut to enable crypto trading on its self-custodial wallets in certain EEA countries. Go to Source
New risk assessment guidelines for DeFi protocols unveiled
The EEA’s new guidelines aim to establish a standard for mitigating risks in DeFi protocols, which will benefit regulators, developers and users alike. Go to Source
Trustology CEO Says DeFi Will Become ‘Predominant Mechanism’ for Finance
The founder of crypto custody provider Trustology believes that DeFi will become “the predominant mechanism by which we do finance” Go to Source Powered by WPeMatico
German Fintechs Rush to Offer Crypto Custody Services Under New Law
Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup, … Read more
