Jun 11, 2024

"CoinDesk Daily" host Helene Braun breaks down the biggest headlines impacting the crypto industry today, as Crypto.com received the green light to register in Ireland as a virtual asset service provider.

Video transcript

You're watching Coin disk daily. I'm Helene Braun in for Jensen. Asi crypto.com received the green light to register in Ireland as a virtual asset service provider. This will allow the crypto exchange to operate within the European Union nation. The company was listed on the register as of June 7th under the name Forest Dax. According to the Central Bank of Ireland, crypto.com joins Coinbase Ripple and Gemini on the register as crypto firms vie to win approval in eu nations to ensure they're ready for when the MICA legislation becomes fully operational A I tokens slumped on Monday as tech giant Apple's highly anticipated annual developers event failed to inspire traders, native tokens of render, fetch A I and singularity net all dropped over the past 24 hours with render suffering the most loss of nearly 8% on the day. The coins computing index which includes tokens with A I related utilities was one of the worst performing sectors among digi digital assets losing almost 5% in market value. Fire blocks announced its latest partnership that extends its multiparty computation protection to customers of Coinbase international Exchange fire blocks. Users can now connect to their Coinbase international exchange account and protect exchange operations such as withdrawals and deposits with fire blocks, governance and policy rules. The multiparty computation technology removes a single point of compromise from API credentials and fire blocks also uses secure hardware enclaves to prevent further threats or inside collusion attacks. That's it for coin daily, get more updates on coin.com and we'll see you next time.

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