Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration

A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two major European banks to tap into the crypto market. Crédit Agricole Asset Management Unit Obtains AMF Registration in France [...]

The post Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration appeared first on Crypto Breaking News.

View Details

Binance US Market Share Shrinks Amid Legal Battle With SEC

The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops to 1.5%, According to Kaiko The litigation with [...]

The post Binance US Market Share Shrinks Amid Legal Battle With SEC appeared first on Crypto Breaking News.

View Details

Digital Currency Group halts dividends in an effort to preserve liquidity

Digital Currency Group, a venture capital firm that owns a stake in more than 200 crypto projects, announced the dividend halt while one of its subsidiaries is in financial strife.

View Details

Japanese Banking Giant Nomura Opens Swiss Crypto Subsidiary

Nomura named its digital asset business Laser Digital and incorporated a holding vehicle under the name in Switzerland.

Continue reading Japanese Banking Giant Nomura Opens Swiss Crypto Subsidiary at DailyCoin.com.

View Details

FTX Continues Global Expansion, Launches Subsidiary Division in Australia

FTX has continued with its lines of expansion with the latest establishment of a new office in Australia. (Read More)

View Details

Ex-Alameda CEO Caroline Ellison’s Google Docs Diary Exposes Struggles Prior to FTX Collapse

According to the New York Times and several sources familiar with the matter, Caroline Ellison, former CEO of Alameda Research, maintained a diary on Google Documents that provides a brief glimpse into the challenges she faced before the collapse of FTX. Excerpts from the diary suggest Ellison lacked confidence in her role. After her breakup [...]

The post Ex-Alameda CEO Caroline Ellison’s Google Docs Diary Exposes Struggles Prior to FTX Collapse appeared first on Crypto Breaking News.

View Details

Deutsche Telekoms Subsidiary Joins Injective Blockchain as Validator

Telecommunication Giant Deutsche Telekom to Become Validator on Injective Protocol Deutsche Telekom, a major player in the telecommunications industry, has announced its partnership with Injective Protocol, a decentralized finance (DeFi) platform. Through this collaboration, Deutsche Telekom will serve as a validator on the Injective Protocol blockchain network. By joining forces with Injective Protocol, Deutsche Telekom [...]

The post Deutsche Telekom’s Subsidiary Joins Injective Blockchain as Validator appeared first on Crypto Breaking News.

View Details

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]

The post UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents appeared first on Crypto Breaking News.

View Details

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million in assets and around $5.4 billion in liabilities. Banq’s Bankruptcy Filing Exposes [...]

The post Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection appeared first on Crypto Breaking News.

View Details

SBF denies witness tampering in effort to avoid jail

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him. In an Aug. 1 letter to Judge Lewis Kaplan, Bankman-Fried’s lawyers claimed the prosecution’s attempt to revoke his bail and have him detained [...]

The post SBF denies witness tampering in effort to avoid jail appeared first on Crypto Breaking News.

View Details