Cryptocurrency Daily Thefoxposts.com

Last month Argentina’s financial regulator, Comisión Nacional de Valores, introduced mandatory registration for all cryptocurrency exchanges and brokers operating in Argentina. As crypto service providers begin to get to grips with this new crypto registration rule, this article outlines the critical changes, compliance expectations, and long-term implications in a direct, fluff-free analysis. Why is Argentina mandating crypto service provider registration, and how will this rule reshape the industry?  Cryptocurrency and the casino landscape in Argentina: An evolving intersection In Argentina, the­ way cryptocurrencies and casinos work togethe­r is slowly changing. There aren’t any rule­s specifically about using cryptocurrency for gambling. Howeve­r, more people are­ using digital money, and it’s becoming part of Argentina’s e­conomy and society. This shows the country is accepting crypto. More­ ...

In web3, choosing an appropriate Wallet-as-a-Service (WaaS) provider is critical for any forward-thinking brand. Magic Labs, a wallet-as-a-service (WaaS) provider, recently released a guide to help users choose the ideal solution.  This article distills the key takeaways in Magic Labs’ manual, illuminating the crucial aspects individuals/businesses should consider when choosing a wallet -as -a-service provider.  Understanding wallet-as-a-service The report starts by explaining WaaS and why it is an essential component of web3. To elaborate, it offers a solution for managing digital assets and facilitating secure transactions within blockchain ecosystems.  You might also like: Binance average daily volume is down by 60% amid DOJ’s $4b fine Unlike traditional digital wallets, WaaS extends beyond the mere storage of digital currencies and tokens. Instead, it integrates user experience, security, and functionality into a cohesive service tailor...

Kraken has secured a virtual asset service provider registration in Spain, marking another significant step for cryptocurrency exchanges expanding operations in Europe. Crypto exchanges have recently been intensifying their efforts to expand within the European region. Kraken, one of the prominent global crypto exchanges, has made significant strides in this direction. The exchange announced that it has secured a virtual asset service provider registration in Spain, granted by the country’s central bank. This move will soon permit Kraken to provide crypto exchange and custodial wallet services to Spanish residents, enhancing the accessibility and convenience of cryptocurrency transactions for them. In a parallel development, Kraken’s Irish subsidiary has successfully obtained an e-money institution (EMI) license in Ireland. This license, issued by the Irish central bank, paves the way for the exchange to amplify its Euro fiat services, enabling closer collaborations...

The milestone comes less than two years after the launch of its mainnet. According to data from DefiLlama, Ethereum staking service Rocket Pool reached $1 billion in total value locked (TVL) on Feb. 9. The move comes less than two years after the decentralized finance (DeFi) protocol launched its mainnet on Nov. 9, 2021. Dubbed a liquid staking solution for Ethereum, Rocket Pool allows users to join an Ethereum decentralized node operator or run their own node. Unlike conventional staking solutions, the capital requirements are far less, as users can run their own node with just 16 Ether (ETH) as opposed to the network specified 32 ETH, with another 16 ETH coming from a pool of users who join a decentralized node operator. For the latter, the deposit requirement is only 0.01 ETH. Depositors receive liquid staking token rETH in exchange for their ETH, which proves the user is entitled to staking rewards over time and accrues yield. In exchange for validating transactions on the E...