Marcel van Oost - Crypto NEWS

Retail investing platform Robinhood on Tuesday announced that it’s offering customers in Europe the ability to transfer cryptocurrencies in and out of its app, broadening its product capabilities in the region as it presses ahead with international expansion. In a blog post on Tuesday, the company said that it’ll allow customers in the European Union to deposit and withdraw more than 20 digital currencies through its platform, including bitcoin, ethereum, solana, and USD coin. The move effectively gives Robinhood’s European users the ability to “self-custody” assets — meaning that, rather than entrusting your cryptocurrency to a third-party platform, you can instead take ownership of it in a fully owned wallet that holds your funds. In December last year, Robinhood launched its crypto trading service, Robinhood Crypto, in the EU for the first time. The service allowed users to buy and sell cryptocurrencies, but not to move them away from the platform, either to another third-party platform or to their own self-custodial wallet. Source: https://lnkd.in/ebJMDCBq. Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

German authorities have shut down 47 cryptocurrency exchange services in a major crackdown on illegal money laundering. The Federal Criminal Police Office (BKA) and the Central Office for Combating Internet Crime led the operation, targeting platforms that allowed users to exchange conventional currencies and cryptocurrencies without verifying their identities. These services bypassed the ‘know-your-customer’ (KYC) rules, enabling users to trade cryptocurrencies like Bitcoin and Ethereum quickly and anonymously. Criminals reportedly used these exchanges to conceal the origins of illicit funds, often obtained through dark web drug sales or ransomware attacks. As part of the operation on 20 August, authorities confiscated 13 crypto ATMs and seized nearly $28 million in cash from 35 locations across Germany. Financial watchdog BaFin led the raids, targeting machines operating without the necessary licences, which posed significant money laundering risks. Source: https://lnkd.in/e6rr45ce Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

Crypto exchange Quidax secures Nigerian provisional license. The license which was presented by the Securities and Exchange Commission grants Quidax the permission to operate as a registered crypto exchange in Nigeria as the nation begins the formal recognition and much needed regulatory oversight, to the cryptocurrency industry. Speaking on the development, Buchi Okoro, Co-founder and CEO of Quidax said “At Quidax, the customer is our priority, every decision we make is to ensure that customers transact on our platform easily, safely and with confidence. We commend the SEC under the leadership of Dr. Emomotimi Agama, for taking the bold step to bring order, confidence and investor protection to our industry. This is a big win for Nigeria’s embrace of crypto, and we are glad to be a part of this historical moment.” The Quidax CEO further thanked Nigerian regulators for collaborating with industry players to craft guidelines that will drive innovation and build trust in the budding crypto ecosystem. Buchi says it marks a significant step in crypto and would enable Nigeria to leapfrog other countries when it comes to crypto regulation. Source: https://lnkd.in/gKc2jnhR Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

Crypto.com has secured a global sponsorship agreement with UEFA to become the Champions League’s first cryptocurrency partner. The multi-year partnership will see Crypto.com and UEFA collaborate on bringing unique experiences to fans with an aim to drive fan engagement by bringing the worlds of crypto and football together. As a sponsor and global partner, Crypto.com will receive in-stadium branding activations across all Champions League fixtures from the 2024/25 season onwards. This also includes broadcast integrations and advertising campaigns. Guy Laurent Epstein, UEFA Marketing Director, said: “We are thrilled to announce our new partnership with Crypto.com, one of the foremost supporters of some of the biggest sports teams and events in the world. “This collaboration marks an exciting new chapter for the UEFA Champions League, as we embrace innovative technologies to enhance the experience for our fans and community. Together with Crypto.com, we look forward to exploring new opportunities as we begin a new, exciting chapter of the premiere club football competition.” Source: https://lnkd.in/eZwU5yZF Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

In an exciting development for crypto natives and everyday consumers alike, MetaMask, Mastercard, and Baanx (Crypto Life) have launched the pilot of MetaMask Card - the world's first Mastercard payment card that enables direct spending from your MetaMask wallet. Eligible users can now make everyday purchases with their crypto anywhere Mastercard is accepted. “MetaMask Card pilot gives people more freedom to spend their crypto,” says Lorenzo Santos, Senior Product Manager at Consensys. “MetaMask Card represents a major step to removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds.” In line with this, Chief Commercial Officer at Baanx Group Ltd, Simon J. says, “We are so delighted to partner with web3’s leading wallet, MetaMask, to power the financial revolution by enabling users to be their own bank.” This pilot is available to a limited group of users in the EU and UK only. To find out if you're eligible, simply go to your MetaMask Portfolio and check if you have a "Card" tab in the navigation bar on the left side. Eligible users with the Card tab will be redirected to the Crypto Life platform to set up their account and card. Source: https://lnkd.in/eGYQT5CB Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

The U.S. Securities and Exchange Commission (SEC) has reportedly modified its lawsuit against Binance, the leading global crypto exchange. The revision notably removes Solana (SOL) ‘s classification as a security. This legal adjustment is part of an action originally filed in June 2023. The SEC accused Binance of numerous violations of federal securities laws. Previously, the SEC had alleged that several digital assets traded on Binance, including Solana, were effectively securities. This designation is crucial as it subjects the assets and their trading platforms to stringent regulatory scrutiny and oversight. The decision to exclude Solana from this designation may signal a significant shift in how certain cryptocurrencies are viewed and regulated within the United States. It might bring clarity to the regulatory environment surrounding Solana, which occupies a gray area between utility and security. Moreover, it might open up doors for a Solana exchange-traded fund. Source: https://lnkd.in/ebj7bdx4 Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

One Trading secures regulatory approval for European crypto derivatives trading. One Trading, a leading European crypto-asset exchange, has been granted an Organised Trading Facility (OTF) License by the Dutch financial market regulator. This license establishes One Trading as a MiFID II trading venue and marks a significant milestone in the company's multi-year journey with the Dutch Financial Markets Authority (AFM) and the Dutch Central Bank (DNB) to revolutionize the trading of derivatives and bring crypto futures onshore in the EU. With the new license, One Trading becomes the only perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, including the UK. This approval establishes One Trading as the first regulated derivatives exchange in Europe accessible to retail clients. Source: https://lnkd.in/eCFHJDDK Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #trading #regulation #blockchain #financialtechnology #financialservices #fintech

Bitstamp to restore crypto assets to Mt. Gox creditors. Bitstamp, the world’s longest-running crypto exchange, is today starting the process to return recovered digital assets to Mt. Gox creditors. Bitstamp received Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) from the Mt. Gox trustees, which it will begin to distribute to Bitstamp customers from tomorrow (July 25). Recipients will have full control of their assets within a week of receipt following the completion of security checks. While UK customers will not be included in the first tranche of distributions, UK customers can expect to receive their restored within the next few months and will receive more information in due course. Those affected by the 2014 hacking operation have spent a decade waiting to be reimbursed, but now, with a lengthy bankruptcy process concluded, many will realise considerable profits. Bitcoin was worth about $600 when Mt. Gox collapsed - and is currently trading at roughly £51,600 / $66,800 per coin. Source: https://lnkd.in/eX-t8Pwn Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

The company announce the Official Crypto and Web3 Partner of Atlético de Madrid, one of Spain’s most iconic football clubs.  Starting with the 2024 season, also the Official Sleeve Partner for all Club Atlético de Madrid men’s and women’s football shirts. The partnership aims to merge the worlds of sports and web3, unlocking greater opportunities for both Spanish football fans and our crypto clients. We look forward to leveraging our respective strengths to drive global innovation and fan engagement. “Kraken Digital Asset Exchange and Atlético de Madrid believe crypto and football both have the potential to transform lives,” said Kraken Chief Marketing Officer Mayur Gupta. “We’re proud to partner with such a distinguished football club, which equally recognises that success requires a meticulous focus on its own processes. We’ve put in nearly 13 years to become one of the most trusted crypto platforms and we look forward to collaborating with Atlético de Madrid to educate more people about the true potential and value of crypto.” Source: https://lnkd.in/eA65MxkN Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #financialtechnology #financialservices

100+ Federal Prosecutors Demand Binance Exec Gambaryan’s Freedom in Nigeria. In the midst of rising tensions, Nigeria remains determined in its legal actions against Binance executive Tigran Gambaryan, despite increasing pressure from US lawmakers and former officials. Around 100 former federal prosecutors and agents have united in sending a letter to Secretary of State Tony Blinken. The letter, first reported by Axios, calls for immediate action to free Gambaryan, highlighting the growing diplomatic strain between the two nations. It emphasizes the urgency of addressing Gambaryan’s situation. Source: https://lnkd.in/eRUPhRWt Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #crypto #cryptonews #blockchain #binance #financialtechnology #financialservices