CRYPTO
Hut 8 Secures US$50 Million from Coinbase Credit to Enhance Financial Flexibility and Support Growth Initiatives
Hut 8 Mining Corp., a prominent North American mining pioneer and high-performance computing infrastructure provider, has recently made a significant announcement. The company has secured a credit facility of US$50 million through a partnership with Coinbase Credit
Largest Weekly Inflows in Digital Assets in Over a Year, Led by Bitcoin
In a significant shift of sentiment, digital asset investment products experienced their largest single weekly inflows since July 2022, totaling a substantial $199 million, according to CoinShares report. This surge effectively corrected almost half of the prior nine consecutive weeks of outflows, signaling renewed investor confidence in the market.
NEAR Protocol Expands Gaming Ecosystem with Vortex Gaming Partnership, Strengthening Web3 Integration
NEAR Protocol has expanded its gaming ecosystem by partnering with Vortex Gaming, a Web3 subsidiary of INVEN, Korea's largest game media and community. This collaboration aims to attract more users and companies to the NEAR ecosystem while strengthening the NEAR game ecosystem. INVEN, with a monthly active user count of 7.2 million, brings valuable expertise and content to the partnership.
Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets
Governor Michelle W. Bowman, a member of the Board of Governors of the Federal Reserve System, emphasized the need for a responsive and responsible regulatory framework in the banking sector.
Gemini Co-founder Tyler Winklevoss Shares Excitement about Hong Kong's Crypto Leadership
During Gemini's global tour, co-founder Tyler Winklevoss had an insightful meeting with Hong Kong's regulatory authority for crypto, the SFC (Securities and Futures Commission). Expressing his enthusiasm, Winklevoss took to Twitter to share his thoughts on the city's thoughtful and clear approach to crypto regulation.
Over Half of Fortune 100 Companies Embrace Crypto, Blockchain, and Web3, Reveals Coinbase Report
According to a recent report released by Coinbase, more than half of the Fortune 100 companies in the US have been actively pursuing crypto, blockchain, or web3 initiatives since the beginning of 2020.
New Bakkt Study Shows Ongoing Crypto Interest and the Need for Regulation
A recent study by Bakkt Holdings Inc (NYSE: BKKT) reveals that people's interest in cryptocurrencies remains strong despite recent market fluctuations.
Haru Invest CEO Apologizes and Assures Transparent Actions in Response to Recent Incident
In a letter to Haru Invest members, CEO Hugo Lee extended a sincere apology for the concerns arising from a recent incident and acknowledged the need for prompt communication.
Hong Kong Monetary Authority Explores Virtual Asset Regulation in UAE and Highlights Converging Global Standards
According to a report by Ming Pao, the Hong Kong Monetary Authority (HKMA) recently visited the United Arab Emirates (UAE) to discuss the regulation of virtual assets (cryptos) with the local central bank.
Equities Up, Crypto Down: Robinhood's May 2023 Trading Data and Upcoming Crypto Delisting
Robinhood Markets Inc., the popular trading platform known for democratizing investing, has released its operating data for May 2023, showing an increase in both equity and options trading but a decline in cryptocurrency trading.
IOSCO Releases Landmark Policy Recommendations for Crypto and Digital Asset Markets
The International Organization of Securities Commissions (IOSCO), a leading international body of securities regulators, recently published an influential report titled 'Policy Recommendations for Crypto and Digital Asset Markets Consultation Report.'
President Biden Assets: Debt Deal Will Not Shield Crypto Traders
In a significant announcement on the last day of the G7 summit, President Joe Biden took a firm stance against the protection of "wealthy tax cheats and crypto traders" while potentially jeopardizing food assistance programs.
Texas Passes Bipartisan House Bill 1666 Regulating Digital Asset Service Providers
Aiming to reinforce regulation in the digital asset industry, the Texas legislature has enacted bipartisan House Bill 1666. Set to take effect on September 1, 2023, the legislation imposes rigorous requirements on digital asset service providers in terms of handling customer funds.
UK Legislators Advocate for Treating Crypto Trading Similar to Gambling Regulations
The report also calls for a shift in the regulatory approach towards unbacked cryptoassets, such as Bitcoin and Ether. Due to their volatility and lack of intrinsic value, the committee argues that these assets pose substantial risks to consumers, likening speculation in these assets to gambling.
Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.