WAO ART

Kraken Institutional expands its custody solution to the UK and Australia. Kraken Custody allows eligible investors in the UK and Australia to store, manage, and transfer crypto assets. The expansion marks Kraken Institutional's first international expansion since its launch earlier this year.

The Greek government plans to introduce a tax framework for cryptocurrencies and digital assets. By September, a special committee will present its findings on cryptocurrencies. Profits from crypto and digital asset trades will be taxed as capital gains at a 15% rate starting from January 2025.

The Pacific island of Palau is building its first bond issuance platform on the blockchain. Japanese fintech firm Soramitsu has been chosen for the project. The platform will be launched on a trial basis in fiscal year 2024 and live version in 2025.

Former US President Donald Trump plans to make the US a global leader in the crypto world. He believes embracing crypto is crucial to maintain the country's competitive edge. Trump wants to prevent other countries, like China, from taking the lead in the crypto sphere.

OKX, a crypto exchange, is closing its operations in Nigeria. Nigerian users have been notified to withdraw their assets by August 30. Starting August 16, new positions, accounts, and services will not be available. Users can withdraw assets or close/redeem open positions.

WazirX was hacked on July 18, 2024. Over $230 million worth of crypto assets were stolen in the security breach. The attack targeted the exchange's multisig wallet on the Ethereum network. Security firm Blocksec believes the exploit was a result of a compromised private key.

Brazilian paytech Matera secures $100 million investment from Warburg Pincus. Investment to support Matera's expansion into the North American market. Matera's Digital Twin ledger integrates with banks' core platforms for real-time digital user experiences.