Over dozens of Traditional financial giants have been constantly digging into the potential of cryptocurrencies; in the past few years, several banks have secured licenses to establish their crypto services.Â
A recent announcement by Sygnum Bank notes that it has secured a green signal from the regulator; now, its provincial subsidiary can work in Liechtenstein. The bank seeks to provide its services in the EU with the marketâs core.  Â
The bank is continuously boosting its existence in cryptocurrency; however, it has already been authorized to operate in Abu Dhabi and Luxembourg. Experts argue that Sygnum is prepared to debut the digital asset market of Hong Kong, which is the fastest-evolving market in Asia.Â
In Liechtenstein, its subsidiary is now authorized to operate as a crypto asset service provider (CASP) for brokerage, custody, and B2B banking.Â
Martin Burgherr, CCO at Sygnum, said, âThe registration as CASP in Liechtenstein paves the way for a significant expansion of our regulated footprint into the EU, the worldâs largest trading bloc.â Â
Related NewsÂ
CB Bahrain has given a full payment service provider license to Crypto(dot)com; with this authorization, the regional subsidiary of the centralized exchange will be able to offer e-money and trust services, including the issuance of prepaid cards.Â
On September 17, 2024, Todayq wrote that DBS Bank plans to launch over-the-counter (OTC) crypto options trading and structured notes for qualified institutional investors in the coming months.Â
Other Market News Updates
Surging stealings in the cryptocurrency market have raised severe concerns over the security of digital assets. Today, a blockchain analysis firm informed us that a group of notorious hackers had looted a DeFi based on the Binance chain.Â
Bankroll Status: decentralized finance has been drained for $230k in cryptocurrencies by dualpool hackers. Our system has detected a suspicious transaction involving Bankroll Status on BNB with a loss of 230k, Cyvers X post notes.Â
ALERTOur system has detected a suspicious transaction involving @Bankroll_Status on #BNB with loss of #230kIt seems that #dualpools hacker is behind the suspicious transaction!. Our system has detected malicious contract deployment targeting #Bankroll 90 days ago!Want to⊠pic.twitter.com/iI9j7H6yC3
â Cyvers Alerts (@CyversAlerts) September 23, 2024
In the past 24 hours, global NFT trading volume has increased by over 7%, and Known Origin #65406 became the most pricey NFT sold at roughly $120k. NodeMonks NFTs have become the most traded in a week as its buying volume surged around 33%.Â
During a discussion with CNBC reporter Larry Fink, the CEO of BlackRock, he argued that it could reach $100,000 soon. Additionally, Fink said he was a skeptic before intensely exploring and studying cryptocurrencies.Â
Crypto Market Price Updates
In the past 48 hours, a strong bull dominance has been observed in the broader market; when writing, the cryptocurrency market capitalization was $2.23 trillion, with a surge of 8.25% in the past seven days.Â
The intraday gainerâs list is led by Bittensor (TAO) as its trading price surged around 17%, reaching $526.02, followed by Immutable (IMX) at $1.80 with a surge of 10.46%. Â
