The fully-regulated global cryptocurrency exchange, Backpack Exchange, has announced the purchase of FTX EU—the MiFID II-authorized European subsidiary of the collapsed FTX. This acquisition was examined and authorized by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). Notably, the FTX EU’s MiFID II licence, obtained under
Schuman Financial, a cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has launched EURØP, a euro-backed stablecoin. This move comes as Europe prepares for the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) at the end of 2024. EURØP is a 1:1 pegged stablecoin,
London-based fintech firm Revolut announced Wednesday that it is expanding its cryptocurrency platform, Revolut X, to serve users across 30 new markets in Europe. Targeted at experienced traders, the platform is set to provide access to a wide selection of digital assets, along with tools for real-time analysis and market
The USA has been shifting major blocks within the crypto regulatory landscape over the last few days alone. Particularly, President-elect Donald Trump in the last 24 hours, announced the initiation of the Department of Government Efficiency (DOGE) appointing Elon Musk and Vivek Ramaswamy in leading positions. On the other hand,
The crypto biometrics project, Worldcoin, co-founded by OpenAI’s CEO, Sam Altman is shifting its focus away from Europe. The managing director of its Europe entity, Fabian Bodensteiner stated that countries in the Asia-Pacific (APAC) region, such as Japan and Malaysia, as well as the Latin American jurisdictions such as Argentina,
The retail investing platform Robinhood announced the launch of cryptocurrency transfers for its European users. This enables the Robinhood customers to deposit and withdraw more than 20 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). Moreover, for a limited time, the platform offers
The Intelligent Automation Conference 2024 is excited to announce a compelling track focused on “Productivity and Efficiency with Human-IA Collaboration,” featuring an esteemed lineup of speakers and groundbreaking agenda points. This track will explore the transformative potential of integrating human intelligence with artificial intelligence (IA) to drive productivity and efficiency
European financial behemoth Societe Generale, the third-largest bank in France, has introduced its own euro-pegged stablecoin. According to the Financial Times, the EUR CoinVertible (EURCV) stablecoin will make its debut on the Bitstamp cryptocurrency exchange. Bank clients will be able to invest in the digital asset market with EURCV since
Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the
With its newest strategic move, Alchemy Pay, a Singaporean crypto on- and off-ramp solutions provider, is poised to completely transform the European crypto industry. Alchemy Pay has successfully integrated a number of European local payment channels. These include Bancontact in Belgium, iDEAL in the Netherlands, and globally accessible options like
