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Abu Dhabi regulator grants trading firm Rain permission to offer crypto services

The Abu Dhabi Global Market Financial Services Regulatory Authority has granted its Financial Services Permission for cryptocurrency firm Rain to offer brokerage and custody services to residents. In a July 25 announcement, Rain said the regulatory approval will allow certain United Arab Emirates-based institutional and retail users to “buy, sell, trade,

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Nigerian social payments app shuts down crypto exchange services

Nigerian social payments app, Bundle announced on July 20 that it is shutting down its crypto exchange arm. According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated

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Internet Computer will be a key alternative to AWS-like services

The Web 3.0 ecosystem is built on the principles of decentralization, however, most of the aspects of the ecosystems are quite centralized. Be it metaverse servers, or nonfungible tokens (NFTs), even several blockchain ecosystems are entirely based on centralized servers like Amazon. Thus, these ecosystems face several vulnerabilities that come along

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Coinbase pauses staking services in four US states following regulators’ orders

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.In a July 14 blog post, Coinbase said users in California, New Jersey, South Carolina, and Wisconsin would be restricted from using certain staking services

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Latin American Crypto Services Firm Ripio Receives License to Launch Exchange in Spain

The Argentinian crypto company’s license from Spanish authorities allows Ripio to add Spain to a growing list of countries where it operates. Ripio has obtained a license to operate as a digital asset exchange in Spain. According to an official announcement, the company now has approval to provide crypto exchange

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New exchange EDX reportedly switching out Paxos’ custody services for Anchorage’s

EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts

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HSBC rolls out cryptocurrency services in Hong Kong: Report

Hong Kong and Shanghai Banking Corporation (HSBC), the biggest bank in Hong Kong, has reportedly introduced its first local cryptocurrency services.HSBC Hong Kong has enabled its customers to buy and sell Bitcoin (BTC) and Ethereum (ETH)-based exchange-traded funds (ETFs), local journalist Colin Wu reported on Twitter on June 26.According to

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