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State Street to Provide Private Clients with Crypto Administration Services

  • State Street partnered with Lukka to use its reference and pricing data, as well as its middle and back office products, to power its new services.
  • Using Lukka's products, the bank will be able to incorporate digital assets alongside private clients' other alternative investments.

Okcoin Secures Crypto Licenses in Malta and the Netherlands

  • The company has secured approval from the Malta Financial Services Authority and formal registration from the Dutch Central Bank.
  • The licenses will enable the company to establish additional banking partnerships and payment rails in Europe.

Ripple Launches First On-Demand Liquidity Service in Japan

  • SBI Remit has partnered with Coins.ph to facilitate remittance payments from Japan to the Philippines using Ripple.
  • Ripple's ODL service will enable the companies to provide faster and more affordable remittance options.

Mastercard Onboards 7 Startups to its Start Path Program

  • GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold have joined Mastercard's new Start Path program.
  • The startups will leverage Mastercard's tools and network to address various pain points in the crypto and blockchain industries.

Amazon Reportedly Looking to Accept Bitcoin Payments

  • An anonymous source said that Amazon was looking to introduce Bitcoin payments by the end of 2021.
  • Within the next year, the company is reportedly planning to introduce other cryptocurrencies and explore the launch of a native token.

Reddit to Scale its Community Points System Using Arbitrum

  • Arbitrum was chosen as the winner of Reddit's "Scaling Bake-Off", and will now be used to upgrade the platform's two Ethereum-based tokens.
  • The integration will remain on the Rinkeby testnet for a while, after which it will be migrated to the scaling network.

Upcoming Crypto Exchange Receives BNY Mellon Backing

  • Bank of New York Mellon has followed in the steps of State Street in supporting the soon to be launched Pure Digital exchange.
  • BNY Mellon has offered to provide custody support, while State Street will contribute with its trading infrastructure and technology.

PayPal Increases Weekly Crypto Purchase Limit to $100,000

  • PayPal increased its weekly crypto purchase limit by five times, from $20,000 to $100,000.
  • The company also completely lifted its annual purchase limit of $50,000.

SelfWealth to Add Crypto Trading

  • The Australian share trading platform committed to the move after a survey of its customers showed that two-thirds already hold or plan to invest in crypto.
  • SelfWealth is expected to initially list 10 cryptocurrencies, including BTC and ETH, which will be held in an integrated third-party wallet.

American CryptoFed DAO Becomes First Recognized DAO in the U.S.

  • Earlier this year, Wyoming recognized DAOs as a distinct form of LLCs.
  • The law made the American CryptoFed DAO the first legally recognized DAO in the U.S.