The post MoonPay Gains Trust License for Crypto Operations in New York appeared on BitcoinEthereumNews.com. Key Points: MoonPay secures a Limited Purpose Trust Charter. Enables regulated crypto custody and OTC trading. Positions MoonPay among elite firms with dual licenses. MoonPay has been granted a Limited Purpose Trust Charter by the NYDFS, authorizing it to provide regulated crypto custody and OTC trading in New York, as reported on November 25. This positions MoonPay with elite firms holding dual licenses, enhancing its ability to engage with institutional clients under NYDFS compliance. Key Developments, Impact, and Reactions MoonPay’s acquisition of the Limited Purpose Trust Charter permits regulated crypto custody and OTC trading in New York. This development, confirmed by the NYDFS, brings MoonPay in line with firms like Coinbase and Ripple that hold similar dual licenses. Currently, only a few companies have achieved this regulatory status, positioning MoonPay among elite players. The license reinforces MoonPay’s commitment to compliance and broadens its appeal to institutional clients. CEO Ivan Soto-Wright emphasized the company’s commitment to high compliance standards and building relationships with financial institutions. Eleanor Terrett noted this move puts MoonPay with an exclusive group under New York’s strict licensing regime. Bitcoin currently trades at $87,181.98, with a market cap of 1.74 trillion, marking a 1.88% decline over 24 hours. Despite a dominance of 57.92% in the crypto market, Bitcoin has experienced a 23.21% decrease over the past 30 days, as per CoinMarketCap data. The Coincu research team highlights MoonPay’s dual licensing as a leverage point for greater institutional trust, aiding its mission to integrate traditional and digital finance. This new charter may spur technological advancements and attract more institutional clients, fortifying MoonPay’s standing in the competitive US crypto market. “Receiving our New York Trust Charter reflects our commitment to meeting the highest standards of compliance, security, and governance. It enables us to deepen relationships with global financial institutions, expand… The post MoonPay Gains Trust License for Crypto Operations in New York appeared on BitcoinEthereumNews.com. Key Points: MoonPay secures a Limited Purpose Trust Charter. Enables regulated crypto custody and OTC trading. Positions MoonPay among elite firms with dual licenses. MoonPay has been granted a Limited Purpose Trust Charter by the NYDFS, authorizing it to provide regulated crypto custody and OTC trading in New York, as reported on November 25. This positions MoonPay with elite firms holding dual licenses, enhancing its ability to engage with institutional clients under NYDFS compliance. Key Developments, Impact, and Reactions MoonPay’s acquisition of the Limited Purpose Trust Charter permits regulated crypto custody and OTC trading in New York. This development, confirmed by the NYDFS, brings MoonPay in line with firms like Coinbase and Ripple that hold similar dual licenses. Currently, only a few companies have achieved this regulatory status, positioning MoonPay among elite players. The license reinforces MoonPay’s commitment to compliance and broadens its appeal to institutional clients. CEO Ivan Soto-Wright emphasized the company’s commitment to high compliance standards and building relationships with financial institutions. Eleanor Terrett noted this move puts MoonPay with an exclusive group under New York’s strict licensing regime. Bitcoin currently trades at $87,181.98, with a market cap of 1.74 trillion, marking a 1.88% decline over 24 hours. Despite a dominance of 57.92% in the crypto market, Bitcoin has experienced a 23.21% decrease over the past 30 days, as per CoinMarketCap data. The Coincu research team highlights MoonPay’s dual licensing as a leverage point for greater institutional trust, aiding its mission to integrate traditional and digital finance. This new charter may spur technological advancements and attract more institutional clients, fortifying MoonPay’s standing in the competitive US crypto market. “Receiving our New York Trust Charter reflects our commitment to meeting the highest standards of compliance, security, and governance. It enables us to deepen relationships with global financial institutions, expand…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more