The South Korean crypto exchange Bithumb has signed a banking partnership with Kookmin (KB), one of the biggest financial providers in the country. Experts say the deal represents a “tectonic shift” in the domestic traditional finance and crypto sectors. Whereas…
Bison, a cryptocurrency trading platform owned by the Boerse Stuttgart Group, announced on Jan. 13 that Deutsche Bank has become its banking partner. This collaboration aligns with Bison’s multi-banking strategy, enabling Deutsche Bank to safeguard the euro balances of Bison’s…
As U.S. President-elect Donald Trump prepares to return to the White House on January 20, his first day in office could be marked by executive actions that may significantly impact the cryptocurrency industry. According to a report by The Washington…
Banca Intesa Sanpaolo, Italy’s largest bank by assets, purchased 11 Bitcoins on Monday, worth €1 million ($1.02 million). According to a Wired Italia report, this marks the first time in Italy, a credit institution concluded a direct crypto transaction. Some…
Sygnum, a crypto bank based in Switzerland and Singapore, has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion mark and earning it the prestigious Unicorn status. The cornerstone investor for the…
Abkhazia crypto miners are once again blamed for the de facto state’s ongoing energy crisis, with officials claiming that emergency Russian electricity supplies are running low. The crisis, the South Caucus republic claimed, could come to a head next month…
Japanese firms are continuing to press ahead with their Bitcoin (BTC)-buying strategies, with the former crypto exchange operator Remixpoint completing a $3.2 million purchase. Per the Japanese media outlet Coinpost, Remixpoint announced late last week that it had bought “additional”…
Blockchain analytics firm Chainalysis has acquired Alterya, an AI-powered fraud detection startup, for a reported $150 million, marking its first significant foray into artificial intelligence (AI). “With Alterya, Chainalysis is doubling down on its strategy to invest in the prevention…
Tether, the company behind the world’s largest stablecoin USDT, has announced its decision to relocate its headquarters and subsidiaries to El Salvador after securing an operating license in the country. The move comes after Tether obtained its second Salvadoran Digital…
ZA Bank, the largest digital bank in Hong Kong and a trailblazer in crypto-friendly financial services, is reportedly exploring establishing physical branches. According to a South China Morning Post report, the Hong Kong Monetary Authority (HKMA) has permitted digital banks…