Industry Talk Archives - Cryptominded

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Tether Achieves Major Security Milestone with SOC 2 Type 1 Audit

The well-known stablecoin issuer Tether has reached a significant milestone in its dedication to security and dependability by successfully completing the System Organisation Control (SOC) 2 Audit Type 1. The American Institute of Certified Public Accountants (AICPA) audit provides evidence of Tether’s robust IT control procedures and commitment to system security. Tether is reaffirming its […]

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Arbitrum DAO’s Withdrawal from Tornado Cash Legal Defense Funding

Leading participant in the decentralised finance (DeFi) space, Arbitrum DAO, has withdrawn its offer to support Roman Storm and Alexey Pertsev, the developers of Tornado Cash, in their legal defence. The original plan called for setting aside about $1.3 million in ARB tokens from the community wallet to pay for the creators of the cryptocurrency […]

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Kraken’s Strategic Move to Institutional Services

Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

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The Mysterious Shutdown of BitForex

Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

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Zimbabwe plans to issue a digital currency backed by gold

The Reserve Bank of Zimbabwe plans to issue a digital currency, that is backed by gold. This move shows Zimbabwe’s commitment to the adoption of crypto and its potential to improve financial access and stability. Here are some key points: The Reserve Bank of Zimbabwe (RBZ) intends to introduce a digital currency backed by gold. […]

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Updated Guide: How to Hedge Against Inflation in 2023

One of the best ways to protect yourself from inflation is to invest in assets that have a better chance of keeping up with or outpacing rising prices. These include stocks, bonds, mutual funds, and Exchange Traded Funds (ETFs). Stocks are especially important because they tend to increase in value as companies expand their operations […]

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Recent Report: NASDAQ launches crypto custody services

Nasdaq plans to launch its cryptocurrency custody services by the end of the second quarter of this year. According to a recent report by Bloomberg, the services will be made available to customers on a global basis. The service is expected to provide investors with secure storage and trading of digital assets, as well as […]

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HSBC Prepares To Finally Launch Into The Crypto Market

After a long period of speculation, HSBC has finally taken steps to enter the cryptocurrency space. HSBC plans to launch its tokenization platform and will be able to offer more products and services related to cryptocurrencies. Some few key points: HSBC is actively exploring ways to tokenize assets, encouraging the efficient and secure transfer of […]

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UK Treasury publishes crypto regulation framework paper

The UK Treasury has recently published a paper outlining its proposed regulatory framework for cryptocurrencies. This comprehensive 80-page report delves into the difficulties associated with algorithmic stablecoins, nonfungible tokens (NFTs), and initial coin offerings (ICOs). Here are a few takeaways: The UK Treasury recently issued a consultation paper outlining their intentions to enforce regulations on trading […]

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UK regulator beams searchlight on FTX-linked charity

The UK’s financial watchdog is turning its attention to a charity linked to FTX, an electronic trading platform used by cryptocurrency traders. Below are some points to note: The Charity Commission has launched an investigation into a charity, Effective Ventures, which is connected to FTX. The Commission states in a statement that it was “concerned […]

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Binance to launch Crypto Card in Brazil in a short time

Binance, the world’s leading cryptocurrency exchange, recently announced it will be launching its Crypto Card in Brazil. With this card, holders can use their cryptocurrencies to make payments in stores and online. Here are a few key points: • Binance’s Crypto Card is powered by the Mastercard network and it will be accepted at more […]

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2022 crypto-related activities: SEC fines hit $2.6 billion

The US Securities and Exchange Commission (SEC), has announced that it has accrued more than $2.6 billion in fines and penalties; from the cryptocurrency industry throughout 2022. These fines are related to various violations of US financial regulations, including unregistered securities offerings, frauds, misappropriations, market manipulation, and other misconduct. First, the key points: The US […]

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