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The new launch expands IG’s existing cryptocurrency offering, as the company has previously offered crypto-based contracts for difference. IG Group, a United Kingdom-listed trading and financial services company, is launching cryptocurrency trading to retail investors, expanding its footprint in the digital assets space. IG customers can now access 31 crypto assets, including Bitcoin (BTC), Ether…
Uphold praised crypto-aware regulators in the US as the company relaunched its staking offering in the country after halting the service in 2023. Cryptocurrency exchange Uphold has relaunched staking services in the US, citing a shift in regulatory policies and a more favorable stance toward digital assets. After resuming crypto staking in the United Kingdom…
“# Uphold becomes registered crypto-asset firm in UK post-FCA approval ” A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom’s Financial Conduct Authority (FCA). According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Thursday, joining the select list of 32 firms…
“# Latin America stands to benefit most from crypto, says Uphold exec ” El Salvador’s Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the…
“# Mastercard chooses 7 crypto startups for Start Path accelerator ” International payment giant Mastercard continues focusing on the digital asset industry by welcoming a batch of major cryptocurrency startups in its fintech accelerator. The company announced Tuesday a new startup engagement program as part of Mastercard Start Path, an accelerator program for fintech startups,…
“# Uphold obtains FINRA approval to acquire US broker-dealer ” Cryptocurrency wallet and trading platform Uphold has received regulatory approval to purchase JNK Securities, a U.S. broker-dealer. In an announcement from Uphold today, the U.S. Financial Industry Regulatory Authority, or FINRA, gave the firm the green light to acquire JNK Securities. Uphold said the acquisition…
“# Uphold to launch crypto cards in Europe with new acquisition ” Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK Limited to launch a cryptocurrency-enabled card on the continent. According to a Feb. 2 announcement, Uphold is planning to roll out its crypto-powered debit card in Europe…
“# IMVU’s new blockchain-backed stablecoin goes live ” IMVU’s new fiat-convertible VCOIN goes live on the social network. Per a Jan. 12 company announcement shared with Cointelegraph, VCOIN is available for users of IMVU, starting today. IMVU already hosts over 27 million transactions a month using its non-blockchain-backed credits. VCOIN aims to give users involved…
“# Social networks and the digital economy: A preview of IMVU’s VCOIN ” When the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN, it was a major leap forward for acceptable scope of crypto applications. The implications for what sorts of projects the SEC considers a security are,…
“# Uphold will not delist XRP before court decision ” Cryptocurrency payment processor and exchange operator Uphold has formally clarified that it will not delist XRP for the time being. As part of an announcement made on Monday, Uphold stated it will not be removing XRP from its crypto offering until the lawsuit filed by…