ChainCatche news, the encrypted trading platform Legend Trading's subsidiary Legend Financial Ireland Limited has been approved by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, Legend Trading is applying for a Crypto Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA). In Ireland, VASPs registered and operating before December 30, 2024, can continue their business under the transitional provisions set by MiCA while submitting their CASP authorization application.

ChainCatcher news, according to News1, South Korean telecom giant SK Telecom's subsidiary SK Planet announced a business agreement with Animoca Brands to collaborate on its marketing platforms such as OK Cashback and Syrup. In the future, SK Planet plans to establish processes for OK Cashbag and Syrup members to experience various services of Mocha Bus and provide Animoca Brands' Mocha Coin during events.

ChainCatcher news, according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore, aiming to expand its business in the Asia-Pacific region. BitGo Singapore will offer cold storage services for over 1,100 digital assets, while also supporting features such as voice trading, automated settlement, and token management, targeting institutional users such as foundations and protocols.Previous report, BitGo obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, allowing it to legally conduct digital asset services in Singapore.

ChainCatcher news, according to The Block, Digital Currency Group (DCG) is launching a new subsidiary focused on artificial intelligence, Yuma, to support the development of the open-source Bittensor network. This move represents the fusion of the cryptocurrency and artificial intelligence sectors, providing capital and technical resources for startups and established companies to build projects on Bittensor.Bittensor is a decentralized protocol that supports blockchain-based machine learning networks. DCG first invested in Bittensor in 2021. The company has also invested in several decentralized AI companies, including Tensorplex, Natix, and Flock. DCG founder Barry Silbert will serve as the CEO of Yuma.

ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, according to Cointelegraph, the cryptocurrency investment platform DeFi Technologies has created a new company called SolFi, aiming to become "the MicroStrategy of Solana."DeFi Technologies stated that its subsidiary SolFi is fully focused on "providing investors direct access to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments." It added that SolFi will compete with existing SOL staking platforms, aiming to offer higher staking SOL yields.

ChainCatcher news, according to Techinasia, Animoca Brands' Mocaverse has completed a $10 million funding round, bringing the total funding to $31.88 million. Investors include OKX Ventures, CMCC Global, and HongShan.The funds will primarily be used to develop consumer crypto infrastructure.According to RootData, Mocaverse is a metaverse product under Animoca Brands, where Mocas are a group of bold and infinitely creative beings who call Mocaverse home. However, the expansion of space has caused the Mocas to separate, increasing the distance between them tenfold. Additionally, the Mocaverse team is building Web3 native tools to enhance the capabilities of products in the gaming, culture, and entertainment verticals, allowing users to create their own digital identities, accumulate reputations, and earn and spend loyalty points.

ChainCatcher news, according to Cryptonews, Japanese cryptocurrency exchange Bitbank has announced the establishment of a wholly-owned subsidiary, Bitbank Ventures, focusing on investments in overseas blockchain companies. This subsidiary will concentrate on blockchain projects from seed rounds to Series A, while also providing support for international companies entering the Japanese market.Bitbank's business development director Jun Kuwahara stated that over the past three years, the company has invested in the Web3.0 startup accelerator Next Web Capital and the crypto project Oasys. Shifting to a corporate venture capital model will accelerate the investment decision-making process and enhance investment capabilities. The new subsidiary will focus on investments in Layer 1, Layer 2 infrastructure, as well as AI, gaming, and Web3 projects.

ChainCatcher news, Matrixport announced that its Singapore subsidiary Fly Wing Technologies Pte Ltd ("Fly Wing") has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).It is reported that Fly Wing's clients include cryptocurrency miners, trading firms from both the crypto and traditional finance sectors, investment companies, and high-net-worth individuals. The company facilitates over $100 million in over-the-counter transactions each month and provides liquidity for fiat and mainstream cryptocurrency deposit and withdrawal services.

ChainCatcher news, according to CoinDesk, the digital asset banking group Sygnum has announced that it has obtained a crypto license from Liechtenstein, paving the way for the Zurich and Singapore-based digital asset banking group to expand into the EU under the EU's Markets in Crypto-Assets Regulation (MiCA).It is reported that the bank's subsidiary in Liechtenstein has obtained a license that allows it to provide regulated digital asset services, including brokerage, custody, and banking services.

ChainCatcher news, according to The Block, Amber Group announced that its Dubai subsidiary Amber Premium FZE has received the principle approval for a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), enabling Amber Premium FZE to provide comprehensive virtual asset services to clients in the Middle East and beyond, including brokerage-trading services, lending and borrowing services, as well as management and investment services, in compliance with UAE regulatory requirements.As the headquarters of Amber Group in the UAE, Amber Premium FZE will serve institutional and high-net-worth individual clients in the region.

ChainCatcher news, according to Bitcoin.com News, the digital asset company Amber Group announced that its Dubai subsidiary Amber Premium FZE has received the principle approval for a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA). This approval allows Amber Premium FZE to offer a variety of virtual asset services in compliance with UAE regulatory requirements.

ChainCatcher news, according to Coindesk, Société Générale's subsidiary SG Forge announced the launch of the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to dollar stablecoins like Tether and Circle.However, EURCV's performance on Ethereum has not been ideal. According to Etherscan data, there are currently only 28 holders, 154 transaction records, and a total issuance of 33 million. SG Forge hopes to test the demand from crypto users for a euro stablecoin on a faster and lower-cost network by issuing EURCV on Solana.

ChainCatcher news, Hong Kong listed company Nanhua Financial announced that its subsidiary Nanhua Securities has upgraded its business license for Type 1 regulated activities. This upgrade enables Nanhua Securities to provide virtual asset trading services to professional investors in Hong Kong.

ChainCatcher news, Binance's Tokocrypto has announced that it has successfully obtained the Physical Crypto Asset Trader (PFAK) license issued by Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti), making Tokocrypto the third exchange in Indonesia to receive the PFAK license. This milestone highlights Tokocrypto and Binance's commitment to regulatory compliance and marks a key moment in the development of Indonesia's crypto asset industry.Binance CEO Richard Teng congratulated Tokocrypto and all parties involved in this significant achievement. Richard stated, "This milestone demonstrates Tokocrypto's unwavering commitment to excellent regulatory practices and its vision of establishing a robust and transparent crypto ecosystem in Indonesia. Binance is dedicated to fully supporting Tokocrypto in fulfilling its mission to advance the Web3 ecosystem in the region." Tokocrypto's user base has exceeded 4.5 million this year, with trading volume increasing by 170% compared to 2023.

ChainCatcher News, Tokyo Electric Power Company's subsidiary Agile Energy X in Japan has begun experimenting with Bitcoin mining using surplus power from renewable energy sources such as solar energy. The company has installed mining equipment next to solar power plants in Tochigi and Gunma Prefectures as part of its green energy utilization efforts.Company representative Kenji Tateiwa stated that mining can provide a new source of revenue for power generation companies and promote further adoption of green energy.The Japanese government plans to achieve net-zero greenhouse gas emissions, or carbon neutrality, by 2050, and it is expected that the share of renewable energy will further increase in the future. According to Agile Energy X's estimates, if renewable energy accounts for nearly half of the national power supply, approximately equivalent to the annual electricity consumption of 70 million households will be wasted. If 10% of this can be utilized for Bitcoin mining, it is expected to generate an annual revenue of about 360 billion yen (2.5 billion USD).

ChainCatcher news, OKX announced that its Singapore subsidiary OKX SG has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). At the same time, OKX appointed former MAS official Gracie Lin as the CEO of its Singapore regional branch. According to OKX's press release, this license allows OKX SG to provide digital payment token and cross-border remittance services, including cryptocurrency spot trading for Singapore investors. Lin previously worked at MAS, Singapore's sovereign wealth fund GIC, and ride-hailing giant Grab, and she plans to focus on developing crypto products and services tailored to the needs of Singapore investors. In March of this year, OKX received a "principle" MPI license from MAS. OKX President Hong Fang stated at that time that Singapore is the "priority market" for the digital asset exchange.

ChainCatcher message, Boba Network announced that the Burrito Wallet developed by Bithumb's subsidiary has been launched on Boba Network. The main features of the Burrito Wallet include sending, exchanging, and receiving crypto/NFTs, access to over 1,500 assets for exchange, decentralized DeFi yields and staking, and earning Burrito points.

ChainCatcher news, according to Cryptonews, Byun Young-oh, CEO of Wacon, a wholly-owned subsidiary of LG Group, has been arrested on suspicion of orchestrating an ETH-related cryptocurrency scam. The Seoul Central District Prosecutor's Office will charge Byun and another suspect, Yeom, with fraud.The MainEthernet wallet service operated by Wacon was unable to process withdrawals normally in the summer of 2023. Last November, when meeting with investors, Byun claimed that he would refund the investors' money and stated, "It will only take 4 months to resolve all issues." However, prosecutors believe this is a Ponzi scheme involving hundreds of billions of Korean won, with about 500 victims, mainly elderly individuals. Byun had promised investment returns of up to 45% to 50% and denied the Ponzi scheme allegations last year.

ChainCatcher news, fintech company DeFi Technologies announced that as of July 31, 2024, its subsidiary Valour's assets under management (AUM) have increased to CAD 837 million (approximately USD 609 million), a growth of 64% year-to-date. The net inflow in July was CAD 9.3 million (approximately USD 6.75 million).The company currently has a cash and USDT balance of approximately CAD 56.2 million (USD 40.9 million) and loans of about CAD 17.9 million (USD 13 million).As of August 7, the company holds 204.34 bitcoins, 12,775 SOL tokens, and 1,484,148 CORE tokens, with a total value of CAD 20.7 million (USD 15.1 million).In terms of products, Valour has launched the world's first NEAR protocol ETP.