China News by Thebittimes.Com

Brazil’s largest lender, Itau Unibanco, announced its entrance into the crypto market by introducing a trading service for clients on its investment platform.  The initial offering includes trading in Bitcoin (BTC) and Ether (ETH), with plans to incorporate additional cryptocurrencies. According to the announcement, the decision would position Itau to compete with local entities like crypto exchange MB, investment bank BTG Pactual’s digital assets unit Mynt, and global players like Binance in the Brazilian market. “Our initial focus is on Bitcoin, but our broader strategic plan involves expanding to other crypto assets, contingent upon the evolving regulatory landscape in the country.”  Itau Unibanco representative At present, uncertainty has shaped the market, with the financial services firm PicPay, owned by conglomerate J&F, attributing its recent decision to exit to “regulatory uncertainties” and XP, a brokerage and investments comp...

The latest regulatory approval for the crypto exchange comes within weeks of getting a MPI license from regulators in Singapore Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times. The crypto exchange platfrom had to undergo a comprehensive review of its Anti-Money Laundering Directive (AMLD) compliance and adhere to other financial crimes laws before getting the nod. The latest regulatory approval in Spain comes within weeks of obtaining a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS). We're excited to share our latest regulatory achievement in Europe! We have obtained our Virtual Asset Provider Registration in Spai...

Stakers will earn Chainlink tokens as they participate in a decentralized alerting system that flags the network when feeds are not meeting performing requirements. Blockchain oracle network Chainlink has launched its staking feature to help increase the economic security of the platform's oracle services.  In an announcement sent to Cointelegraph, Chainlink mentioned that the new Staking feature is an integral part of its “ Chainlink Economics 2.0” efforts that focuses on security and sustainable growth. Before the staking feature, Chainlink users who wanted to receive LINK token rewards needed to launch their own nodes. With the newly-launched staking mechanism, Chainlink (LINK) token holders have an additional earning mechanism as they aid in increasing the oracle platform’s security. Initially, Chainlink Staking was launched as a v0.1 beta, which includes a staking pool that aims to secure the ETH/USD data feed within the Ethereum mainnet. This allows stakers to earn rewards...