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Hong Kong IFEC Warns Against Trading on Illegal and Foreign Platforms for Virtual Assets

Hong Kong IFEC Warns Against Trading on Illegal and Foreign Platforms for Virtual Assets

The investor and Financial Education Council (IFEC), a public organisation under the Securities and Futures Commission (SFC), has issued a warning regarding the potential risks connected to unlicensed and foreign virtual asset trading platforms.

KuCoin Rolls Out $100m Creators Fund to Accelerate Web3 Growth, Empowering Early-Stage NFT Projects

KuCoin Rolls Out $100m Creators Fund to Accelerate Web3 Growth, Empowering Early-Stage NFT Projects

Crypto exchange KuCoin has announced a $100 million “Creators Fund” to enhance the Web3 ecosystem and support early-stage NFT projects in sports, arts, GameFi, and celebrities.

US Congressman Proposes Safe Harbor for Digital Token Issuers in a New Bill

US Congressman Proposes Safe Harbor for Digital Token Issuers in a New Bill

A new bill has just been sponsored by an American lawmaker from North Carolina, Patrick McHenry, seeking to grant a safe harbor for some token transactions

BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements

BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements

BlockFi, a cryptocurrency company, emerged from bankruptcy in October 2023 and has since implemented a plan to repay creditors and return digital assets to clients. The company is now focusing on asset recoveries from entities like FTX and 3AC, processing claims for fair distributions, and Wallet customers can withdraw assets.

NFTs will Outrun Bitcoin due to the Proof of Ownership for Real-World Items, Kevin O’Leary says

NFTs will Outrun Bitcoin due to the Proof of Ownership for Real-World Items, Kevin O’Leary says

Kevin O’Leary believes that NFTs have a bigger shot of surpassing Bitcoin because they can digitally show ownership of real-world things like flash cars or designer watches.

NFT Transactions Projected to Hit $40m by 2027 amid Metaverse Trend

NFT Transactions Projected to Hit $40m by 2027 amid Metaverse Trend

NFT transactions are expected to reach $40 million by 2027 as the metaverse trend continues gaining steam, according to a report by Juniper Research.

Enabling Innovation in Asset Management: SFC's Approach

Enabling Innovation in Asset Management: SFC's Approach

Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.

Stablecoins Could Threaten Monetary Sovereignty and Financial Stability, Says ECB’s Christine Lagarde

Stablecoins Could Threaten Monetary Sovereignty and Financial Stability, Says ECB’s Christine Lagarde

Christine Lagarde, the president of the European Central Bank (ECB), has highlighted that stablecoins could pose a serious threat to monetary sovereignty and financial stability.

Hong Kong Monetary Authority Explores Virtual Asset Regulation in UAE and Highlights Converging Global Standards

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.

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

MoneyGram has partnered with Stellar Development Foundation to enable customers to make settlements in different fiat currencies including cryptocurrencies using USDC stablecoin.

Chinese Version CBDC (Digital Yuan) Applied to Guangzhou Housing Provident Fund Loans

Chinese Version CBDC (Digital Yuan) Applied to Guangzhou Housing Provident Fund Loans

The Guangzhou Housing Provident Fund Management Center has successfully implemented the usage of the Chinese version of the Central Bank Digital Currency (CBDC), commonly known as the digital Yuan, for housing provident fund loans.

Dubai Police to Release Second Bunch of NFTs

Dubai Police to Release Second Bunch of NFTs

The Dubai Police plans to roll out the second collection of NFTs after the first bunch attracted approximately 23 million people globally.

Haru Invest Provides Update on Current Situation Amidst Investigation into B&S Holdings

Haru Invest Provides Update on Current Situation Amidst Investigation into B&S Holdings

Haru Invest, a prominent investment firm, has released an update regarding the ongoing investigation into B&S Holdings and its efforts to recover assets. The company has been fully cooperating with investigative authorities, although no specific details about the progress of the investigation have been disclosed yet.

UAE to Strive for Virtual Service Provider Licenses before Q2

UAE to Strive for Virtual Service Provider Licenses before Q2

In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022.

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's rising status as a crypto hub amidst regulatory amicability sparks speculations on China's evolving stance towards digital assets. The significant crypto activity in Hong Kong, combined with its thriving Over-The-Counter market, reflects a conducive environment for both institutional and retail crypto engagements. As Hong Kong continues to bolster its crypto market, it might be hinting at China's exploratory approach towards understanding and possibly embracing digital assets in the long term.

Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns

Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns

On Aug 6, Haru Invest clarified court rehabilitation procedures and asset distribution plans, following legal challenges and member concerns.

Crypto Data Platform Offers Digital Asset Data to Institutional Clients via BT Radianz Cloud

Crypto Data Platform Offers Digital Asset Data to Institutional Clients via BT Radianz Cloud

CryptoCompare, the digital asset data provider company for both institutional and retail clients, announced in a press release on its blog that it plans to offer a suite of digital asset data products via the BT Radianz Cloud, as a secure and reliable financial markets cloud communities which will enable institutional clients to have a fine, secure and dependable perspective of the growing digital asset class.

Digital Asset Gateway Fasset Launches Peer-to-peer Trading Platform in Pakistan

Digital Asset Gateway Fasset Launches Peer-to-peer Trading Platform in Pakistan

Digital asset-based fintech startup Fasset Technologies has launched a peer-to-peer trading platform in Pakistan to drive financial inclusion in Pakistan.

Binance Adds Bitcoin Ordinals to NFT Marketplace

Binance Adds Bitcoin Ordinals to NFT Marketplace

Binance has announced that it will soon support Bitcoin ordinals, also known as Bitcoin NFTs, on its NFT marketplace. This will expand Binance’s multichain NFT ecosystem to include the Bitcoin network. Bitcoin ordinals have been on the rise, with over 3 million inscriptions as of May 1, but they remain a controversial topic in the crypto community.

Paul Tudor Jones' Bet on Bitcoin Supported by CME’s Bitcoin Futures CFTC Data and PwC’s Latest Crypto Report

Paul Tudor Jones' Bet on Bitcoin Supported by CME’s Bitcoin Futures CFTC Data and PwC’s Latest Crypto Report

In an annual report by Elwood Asset Management and consulting firm PricewaterhouseCoopers (PwC), the value of assets under management at cryptocurrency hedge funds has soared to $2 billion, doubling the value in 2019. Billionaire hedge fund manager Paul Tudor Jones was reportedly looking to buy Bitcoin to hedge against inflation as central banks across the world are printing money to relieve economies affected by the coronavirus pandemic.

Wave Financial Acquires Swiss-based Criptonite Asset Management

Wave Financial Acquires Swiss-based Criptonite Asset Management

A US-based regulated digital asset investment management firm makes its first acquisition in Europe. The acquisition paves the way for Wave Financial to make further expansion globally.

Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products

Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products

Altcoins saw $3M in weekly inflows; North America had $11B outflows. Digital asset products had minor withdrawals of $21M, with Bitcoin trading at $16B.

Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms

Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms

Coinbase introduces a new feature in its Wallet app, allowing users to send crypto via WhatsApp, Telegram, and other platforms with no fees and instant settlement.

Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

Congresswoman Maxine Waters scrutinizes Meta's trademark applications, filed in March 2022, suggesting the company's continued involvement in the digital assets ecosystem, despite previous assurances of no ongoing projects in this area.

49% of Americans are Aware of NFTs: Pew Research Center

49% of Americans are Aware of NFTs: Pew Research Center

Nearly half of Americans have shown awareness of non-fungible tokens (NFTs), according to a survey by Washington-based think tank Pew Research Center.

Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort

Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort

Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles.

What Pantera Capital CEO Thinks Will Be The Best Performing Cryptocurrency in the Next 12 Months

What Pantera Capital CEO Thinks Will Be The Best Performing Cryptocurrency in the Next 12 Months

In an interview with Raoul Pal, Dan Morehead, the CEO of Pantera Capital, revealed what he thinks will be the best performing digital asset a year from now.

New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins

New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins

A new report from the Bank for International Settlements has advocated the deployment of ‘Embedded Systems’ in the monitoring of global stablecoin projects.

SocGen Introduces Digital Asset Service for Firms to Develop Crypto Funds

SocGen Introduces Digital Asset Service for Firms to Develop Crypto Funds

Societe Generale has launched a new digital asset service, which so far has been adopted by Arquant Capital SAS, a French asset management firm.

FINRA's 2024 Oversight Report Emphasizes Crypto Asset Compliance

FINRA's 2024 Oversight Report Emphasizes Crypto Asset Compliance

FINRA's 2024 Regulatory Oversight Report emphasizes compliance in crypto asset activities, emphasizing cybersecurity, anti-money laundering protocols, and transparent reporting, reflecting its commitment to guiding members in the evolving cryptocurrency world.

SEC's XRP and Grayscale Bitcoin ETF Cases Challenged by US House Majority Whip Tom Emme

SEC's XRP and Grayscale Bitcoin ETF Cases Challenged by US House Majority Whip Tom Emme

House Majority Whip Tom Emmer criticizes the US Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation, citing legal losses against Ripple and Grayscale. Emmer questions the agency's treatment of Bitcoin futures ETFs and spot ETFs, adding to ongoing debate.

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble

Hut 8 Corp faces serious accusations from JCapital Research, claiming mismanagement and legal issues post-merger, leading to a significant stock price drop. The company is now working to address these allegations and reassure investors.

Binance Futures Drops XRP and TUSD Support in Multi-Assets Mode

Binance Futures Drops XRP and TUSD Support in Multi-Assets Mode

Binance Futures discontinues support for XRP and TUSD as margin assets in the Multi-Assets Mode from 2024-05-28 06:00 (UTC).

Binance Introduces Spot Copy Trading Feature

Binance Introduces Spot Copy Trading Feature

Binance unveils Spot Copy Trading on its platform, allowing users to replicate trading strategies of expert traders.

OKX Adds USDC Spot Trading Pairs

OKX Adds USDC Spot Trading Pairs

OKX announces the introduction of new USDC trading pairs to support the growing USDC ecosystem.

iFinex Collaborates with El Salvador Government to Develop Digital Asset and Securities Framework

iFinex Collaborates with El Salvador Government to Develop Digital Asset and Securities Framework

iFinex, the parent company of Bitfinex, partners with El Salvador to create a robust legal framework for digital assets and securities.

Bitfinex Securities Shaping Future of Investment with Tokenised Securities

Bitfinex Securities Shaping Future of Investment with Tokenised Securities

Bitfinex Securities leverages tokenised securities, merging traditional investment instruments with digital assets to reshape investment paradigms.

Record $1bn Inflows in Digital Asset Investment

Record $1bn Inflows in Digital Asset Investment

Digital asset inflows reach a record high of $14.9bn.

Digital Asset Inflows Hit $2bn in May, Ethereum (ETH) Sees Positive Sentiment Shift

Digital Asset Inflows Hit $2bn in May, Ethereum (ETH) Sees Positive Sentiment Shift

Digital asset funds see $2bn inflows in May, Ethereum sentiment turns positive.

CoinShares: Digital Asset Funds See $2 Billion Inflows Amid Anticipation of Rate Cuts

CoinShares: Digital Asset Funds See $2 Billion Inflows Amid Anticipation of Rate Cuts

Digital asset funds witness $2 billion inflows in early June, driven by rate cut expectations.

Ripple (XRP) Completes Acquisition of Standard Custody, Appoints Jack McDonald to Lead Stablecoins

Ripple (XRP) Completes Acquisition of Standard Custody, Appoints Jack McDonald to Lead Stablecoins

Ripple (XRP) finalizes Standard Custody acquisition, appoints Jack McDonald as SVP of Stablecoins, enhancing its financial infrastructure.

HKMA Reports Increase in Exchange Fund Foreign Assets in May 2024

HKMA Reports Increase in Exchange Fund Foreign Assets in May 2024

HKMA reports HK$7.8 billion increase in Exchange Fund foreign assets, reaching HK$3,468 billion by end of May 2024.

SFC Outlines Regulatory Expectations for Virtual Asset Trading Platforms Post-Transition

SFC Outlines Regulatory Expectations for Virtual Asset Trading Platforms Post-Transition

SFC briefs virtual asset trading platforms on regulatory expectations after the transition period ends.

CoinShares: Hawkish FOMC Meeting Triggers $600M Outflows in Digital Asset Funds

CoinShares: Hawkish FOMC Meeting Triggers $600M Outflows in Digital Asset Funds

Digital asset investment products saw $600 million in outflows, primarily in Bitcoin, following a hawkish FOMC meeting, according to CoinShares.

Tether Launches Alloy: A Digital Asset Backed by Tether Gold (XAU₮)

Tether Launches Alloy: A Digital Asset Backed by Tether Gold (XAU₮)

Tether introduces Alloy, a new digital asset backed by Tether Gold (XAU₮), offering stability and security in the digital economy.

Meta FAIR Unveils New AI Research Models and Datasets

Meta FAIR Unveils New AI Research Models and Datasets

Meta FAIR has released new research models and datasets to advance AI innovation, according to Meta AI.

Bitfinex Introduces aUSDT: A Gold-Backed Digital Asset

Bitfinex Introduces aUSDT: A Gold-Backed Digital Asset

Bitfinex unveils aUSDT, a digital asset combining the stability of gold with Web3 functionalities, backed by Tether Gold (XAUt).

Matrixport Secures Spot on Hurun Global Unicorn List 2024

Matrixport Secures Spot on Hurun Global Unicorn List 2024

Matrixport, a leading digital assets financial services platform, has been listed on the Hurun Global Unicorn List 2024, highlighting its significant market influence.

Immutable (IMX) Pioneers the Future of Web3 Game Economies

Immutable (IMX) Pioneers the Future of Web3 Game Economies

Immutable (IMX) is spearheading the evolution of game economies with Web3 technology, unlocking new revenue streams and true digital asset ownership for players.

OpenAI Acquires Rockset to Enhance AI Data Processing Capabilities

OpenAI Acquires Rockset to Enhance AI Data Processing Capabilities

OpenAI has announced the acquisition of Rockset, a company specializing in real-time data analytics, to bolster its AI data processing capabilities.

Digital Asset Fund Flows Report Reveals Significant Outflows Amid Market Correction

Digital Asset Fund Flows Report Reveals Significant Outflows Amid Market Correction

CoinShares reports $584m outflows in digital asset investment products, with Bitcoin leading the decline. Multi-asset products saw inflows.

Elwood Technologies Partners with Wintermute to Enhance Digital Asset Liquidity

Elwood Technologies Partners with Wintermute to Enhance Digital Asset Liquidity

Elwood Technologies integrates Wintermute to boost digital asset trading experience and deepen liquidity for institutional clients.

CoinShares: Ethereum Faces Continued Outflows While Bitcoin Sentiment Shows Signs of Reversal

CoinShares: Ethereum Faces Continued Outflows While Bitcoin Sentiment Shows Signs of Reversal

Digital asset investment products saw a third consecutive week of outflows, with Ethereum experiencing significant outflows and Bitcoin showing potential sentiment reversal.

Tether and BTguru Sign MoU to Boost Digital Asset Education in Türkiye

Tether and BTguru Sign MoU to Boost Digital Asset Education in Türkiye

Tether Operations Limited and BTguru have signed an MoU to enhance digital asset education initiatives in Türkiye, fostering blockchain and peer-to-peer technology awareness.

Hong Kong's SFC Alerts Public on Seven Entities Suspected of Virtual Asset Fraud

Hong Kong's SFC Alerts Public on Seven Entities Suspected of Virtual Asset Fraud

The SFC has issued a public warning about seven entities involved in suspected virtual asset-related fraud, urging caution.

Digital Asset Fund Flows Surge with $441M Inflows Amid Market Weakness

Digital Asset Fund Flows Surge with $441M Inflows Amid Market Weakness

Digital asset investment products saw significant inflows totaling $441 million, driven by opportunistic buying amid recent price weakness, according to CoinShares.

Emerging Digital Asset Trends in Africa: A Closer Look

Emerging Digital Asset Trends in Africa: A Closer Look

Explore the key digital asset trends in Africa, including the rise of cryptocurrency adoption, regulatory advancements, and the role of technology providers.

Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program

Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program

Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship.

Decentralization Pioneers New Horizons in Cloud Computing

Decentralization Pioneers New Horizons in Cloud Computing

Franklin Templeton Digital Asset team explores decentralization's impact on cloud services with Escape Velocity and Harvard Business School.

Philip Gradwell Joins Tether as Head of Economics

Philip Gradwell Joins Tether as Head of Economics

Tether appoints Philip Gradwell, former Chief Economist at Chainalysis, as Head of Economics to enhance communication with regulators and stakeholders.

Exploring the Future of Asset Tokenization: Opportunities and Challenges

Exploring the Future of Asset Tokenization: Opportunities and Challenges

Asset tokenization is set to revolutionize the financial sector with an estimated value of $16 trillion by 2030. Discover the key insights and challenges.

Manta Pacific Pioneers Real-World Asset Integration in Web3

Manta Pacific Pioneers Real-World Asset Integration in Web3

Manta Pacific is leading the charge in integrating real-world assets into Web3, enhancing the Manta Network ecosystem with innovative RWA initiatives.

CME & Glassnode Release Comprehensive Report on Digital Asset Trends for H1 2024

CME & Glassnode Release Comprehensive Report on Digital Asset Trends for H1 2024

CME Group and Glassnode unveil a detailed report on digital asset market trends for H1 2024, providing key insights for institutional investors.

Building a Flexible Blockchain Payments Solution: Key Considerations

Building a Flexible Blockchain Payments Solution: Key Considerations

Learn how to build and launch an efficient blockchain payments solution, covering wallet infrastructure, ecosystem partners, and operational workflows.

Hong Kong's Resilience as a Top Asset and Wealth Management Hub: SFC Survey 2023

Hong Kong's Resilience as a Top Asset and Wealth Management Hub: SFC Survey 2023

The SFC survey highlights Hong Kong's enduring position as a leading international asset and wealth management hub in 2023.

Record-Breaking Inflows Highlight Digital Asset Fund Trends

Record-Breaking Inflows Highlight Digital Asset Fund Trends

Digital asset investment products witnessed the 5th largest weekly inflows on record, reaching $1.44 billion, according to CoinShares.

HTX Collaborates with Fireblocks to Enhance Security with Off Exchange Integration

HTX Collaborates with Fireblocks to Enhance Security with Off Exchange Integration

HTX integrates Fireblocks Off Exchange to mitigate counterparty risk and enhance digital asset security and user experience.

Ripple (XRP) Advances Financial Infrastructure with Blockchain and Digital Assets

Ripple (XRP) Advances Financial Infrastructure with Blockchain and Digital Assets

Ripple (XRP) aims to revolutionize financial services using blockchain and digital assets, focusing on institutional DeFi, cross-border payments, and stablecoins.

Digital Asset Fund Inflows Reach $1.35 Billion Amid Positive Market Sentiment

Digital Asset Fund Inflows Reach $1.35 Billion Amid Positive Market Sentiment

Digital asset investment products saw inflows of $1.35 billion last week, with Bitcoin leading the charge, according to CoinShares.

VanEck Announces Upcoming Webinar Series on Diverse Investment Topics

VanEck Announces Upcoming Webinar Series on Diverse Investment Topics

VanEck is hosting webinars covering gold, esports, digital assets, emerging markets, and other investment trends. Learn more about their educational sessions.

Bitcoin (BTC) and Ethereum (ETH) Lead Digital Asset Outflows Amid Broad Market Sell-Off

Bitcoin (BTC) and Ethereum (ETH) Lead Digital Asset Outflows Amid Broad Market Sell-Off

Digital asset investment products experienced significant outflows totaling $528M, led by Bitcoin (BTC) and Ethereum (ETH), amid recession fears and geopolitical concerns, according to CoinShares.

Ethereum (ETH) Leads as Digital Asset Inflows Rebound Amid Market Correction

Ethereum (ETH) Leads as Digital Asset Inflows Rebound Amid Market Correction

Ethereum sees significant inflows amid market correction, leading the digital asset fund recovery with $155m in new investments.

Solana (SOL) Faces Record Outflows Amid Modest Digital Asset Inflows

Solana (SOL) Faces Record Outflows Amid Modest Digital Asset Inflows

Digital asset investment products saw $30m in inflows last week, while Solana (SOL) experienced record outflows, according to CoinShares.

VanEck's Insights on Digital Assets: Market Observations and Analysis

VanEck's Insights on Digital Assets: Market Observations and Analysis

VanEck's Head of Digital Assets Research, Matthew Sigel, shares market insights and analysis on cryptocurrencies and digital asset technologies.

NVIDIA Introduces Efficient Fine-Tuning with NeMo Curator for Custom LLM Datasets

NVIDIA Introduces Efficient Fine-Tuning with NeMo Curator for Custom LLM Datasets

NVIDIA's NeMo Curator offers a streamlined method for fine-tuning large language models (LLMs) with custom datasets, enhancing machine learning workflows.

SFC Issues Warning on ICE Global Professional Station for Fraud and Impersonation

SFC Issues Warning on ICE Global Professional Station for Fraud and Impersonation

The SFC has issued a warning about ICE Global Professional Station, citing impersonation and suspected virtual asset-related fraud.

Bitcoin (BTC) Inflows Surge to $543M as Powell Hints at Rate Cuts

Bitcoin (BTC) Inflows Surge to $543M as Powell Hints at Rate Cuts

Digital asset investment products saw $533M in inflows, driven by Bitcoin (BTC) and Ethereum (ETH) activity, following Powell's rate cut hints.

Binance Launches Convert & Earn Campaign with USDC Rewards

Binance Launches Convert & Earn Campaign with USDC Rewards

Binance announces a new campaign allowing users to earn USDC rewards by converting digital assets through Binance Pay.

Exploring the Future of Real World Assets in DeFi

Exploring the Future of Real World Assets in DeFi

Tokenizing real world assets is transforming traditional finance by integrating physical assets into DeFi ecosystems, enhancing accessibility and efficiency.

SEC Targets OpenSea: Are NFTs Collectibles or Securities?

SEC Targets OpenSea: Are NFTs Collectibles or Securities?

The SEC issues a Wells Notice to OpenSea, questioning the classification of certain NFTs as securities, potentially impacting the entire NFT market.

US Digital Asset Outflows Reach $721M Amid Rate Cut Uncertainty, Europe Shows Resilience

US Digital Asset Outflows Reach $721M Amid Rate Cut Uncertainty, Europe Shows Resilience

Digital asset investment products faced significant outflows, primarily from the US, amid interest rate cut uncertainty, while Europe showed resilience.

Digital Asset Fund Flows Rebound with $436M Inflows, Bitcoin (BTC) Leads

Digital Asset Fund Flows Rebound with $436M Inflows, Bitcoin (BTC) Leads

Digital asset investment products see $436M inflows after $1.2B outflows, driven by market expectations for interest rate cuts.

SFC Achieves Landmark Settlement for Combest Holdings Shareholders

SFC Achieves Landmark Settlement for Combest Holdings Shareholders

The SFC has secured a groundbreaking settlement to compensate public shareholders of Combest Holdings Limited, marking a significant regulatory milestone.

Riot Platforms Announces Settlement Agreement with Bitfarms, Board Changes Enacted

Riot Platforms Announces Settlement Agreement with Bitfarms, Board Changes Enacted

Riot Platforms and Bitfarms Ltd. reach a settlement agreement, resulting in board changes and withdrawal of a shareholder meeting requisition.

Circle Unveils Compliance Engine for Enhanced Digital Asset Regulation

Circle Unveils Compliance Engine for Enhanced Digital Asset Regulation

Circle launches Compliance Engine, a tool designed to meet evolving digital asset regulations, integrated within the Circle Console.

Bitfarms and Riot Platforms Reach Settlement Agreement

Bitfarms and Riot Platforms Reach Settlement Agreement

Bitfarms Ltd. and Riot Platforms Inc. announce a settlement agreement ahead of the Special Meeting of Bitfarms Shareholders, with significant changes to the Board of Directors.

Digital Asset Fund Flows Surge Amid FED Rate Cut

Digital Asset Fund Flows Surge Amid FED Rate Cut

Digital asset inflows hit $321 million following a 50bp rate cut by the Federal Reserve, according to CoinShares.

Exploring the Digital Asset Investable Universe: Key Insights and Opportunities

Exploring the Digital Asset Investable Universe: Key Insights and Opportunities

Discover the key sectors, entry points, and high-impact opportunities in the digital asset ecosystem, according to Galaxy's latest report.

Fireblocks Integrates IOTA EVM for Enhanced Institutional Access

Fireblocks Integrates IOTA EVM for Enhanced Institutional Access

Fireblocks has integrated IOTA EVM, allowing secure storage, transfer, and management of IOTA tokens for institutional users, enhancing the digital asset ecosystem.

SETI Institute Utilizes AI for Real-Time Detection of Fast Radio Bursts

SETI Institute Utilizes AI for Real-Time Detection of Fast Radio Bursts

SETI Institute researchers pioneer the use of AI in real-time detection of fast radio bursts, leveraging NVIDIA's accelerated computing platforms to enhance astronomical data analysis.

Digital Asset Inflows Reach $2.2 Billion Amid US Election Optimism

Digital Asset Inflows Reach $2.2 Billion Amid US Election Optimism

Digital asset inflows surge to $2.2 billion, driven by optimism over a potential Republican US election win, with Bitcoin leading the charge.

BitMEX Finalizes Settlement for P_KAMALAX24 and P_TRUMPX24 Contracts

BitMEX Finalizes Settlement for P_KAMALAX24 and P_TRUMPX24 Contracts

BitMEX has concluded the settlement for its P_KAMALAX24 and P_TRUMPX24 contracts, with P_KAMALAX24 at 0% and P_TRUMPX24 at 100%.

US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads

US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads

The recent US elections have sparked $2.2 billion in inflows into digital assets, with Bitcoin and Ethereum witnessing significant activity, according to CoinShares.

MARA Holdings Releases Q3 2024 Financial Results

MARA Holdings Releases Q3 2024 Financial Results

MARA Holdings has announced its Q3 2024 financial results, revealing significant insights into its operations and future plans. The company will discuss the results in a webcast and conference call.

Tether Unveils Hadron Platform to Simplify Asset Tokenization

Tether Unveils Hadron Platform to Simplify Asset Tokenization

Tether launches Hadron, a platform aimed at simplifying asset tokenization for a broad audience, including institutions and governments, enhancing security and compliance.

Exploring the Benefits of Tokenised Funds in Modern Asset Management

Exploring the Benefits of Tokenised Funds in Modern Asset Management

Tokenised funds offer enhanced liquidity, efficiency, and accessibility in asset management through blockchain technology, enabling 24/7 trading and fractional ownership.

Bitcoin ETF Inflows Hit Record $3.12 Billion, Outpacing Ethereum

Bitcoin ETF Inflows Hit Record $3.12 Billion, Outpacing Ethereum

Bitcoin ETFs witnessed unprecedented inflows of $3.12 billion last week, setting a new record in digital asset investments, according to CoinShares.

NexBridge Raises $30 Million with Tokenized US Treasury Offering

NexBridge Raises $30 Million with Tokenized US Treasury Offering

NexBridge, a digital asset issuer in El Salvador, successfully raises $30 million through USTBL, a tokenized US Treasury Bill offering, marking a milestone in the tokenization of real-world assets.

Bitcoin (BTC) Outpaces Traditional Assets with Unmatched 10-Year Growth

Bitcoin (BTC) Outpaces Traditional Assets with Unmatched 10-Year Growth

Bitcoin has outperformed traditional assets with a staggering 26,931.1% growth over the past decade, highlighting its potential as a high-growth investment, according to CoinGecko.

Matrixport Seeks License for Virtual Asset Services in Bhutan's Gelephu Mindfulness City

Matrixport Seeks License for Virtual Asset Services in Bhutan's Gelephu Mindfulness City

Matrixport is applying for a Financial Services Permission Licence to offer virtual asset services in Bhutan’s Gelephu Mindfulness City, enhancing its presence in South Asia.

MicroStrategy's Role as a Bitcoin (BTC) Proxy: A Strategic Analysis

MicroStrategy's Role as a Bitcoin (BTC) Proxy: A Strategic Analysis

Discover how MicroStrategy has become a leading corporate Bitcoin holder, leveraging financial strategies to align with digital asset growth and institutional adoption.

Bitcoin (BTC) Reaches $100K: A Journey from Digital Experiment to Financial Powerhouse

Bitcoin (BTC) Reaches $100K: A Journey from Digital Experiment to Financial Powerhouse

Bitcoin's evolution from a niche computer science project to a global digital asset has been marked by innovation. Explore its journey and impact on the financial world.

Record Inflows for Ethereum (ETH) as Digital Asset Investment Surges

Record Inflows for Ethereum (ETH) as Digital Asset Investment Surges

Digital asset funds experience record inflows of $3.85 billion, with Ethereum leading the charge, according to CoinShares. Bitcoin and blockchain equities also see significant investments.

BounceBit's Vision: Merging Traditional Finance with CeDeFi Innovation

BounceBit's Vision: Merging Traditional Finance with CeDeFi Innovation

BounceBit is pioneering a new financial paradigm by integrating Real-World Assets into CeDeFi, aiming to create a dual-yield ecosystem that merges traditional and crypto finance.

BounceBit Enhances RWA Offerings Through Strategic Partnership with DigiFT

BounceBit Enhances RWA Offerings Through Strategic Partnership with DigiFT

BounceBit partners with DigiFT, a regulated exchange, to integrate tokenized real-world assets, enhancing institutional-grade yields and expanding its CeDeFi ecosystem.

The Role of Tokenization in Modern Financial Asset Management

The Role of Tokenization in Modern Financial Asset Management

Explore how tokenization is revolutionizing financial asset management with benefits like reduced costs, transparency, and enhanced liquidity, according to insights from BNB Chain.

Digital Asset Fund Inflows Surge to Record $44.5 Billion in 2024

Digital Asset Fund Inflows Surge to Record $44.5 Billion in 2024

Digital asset investment products have seen record inflows, reaching $44.5 billion in 2024, according to CoinShares. Bitcoin and Ethereum lead the surge.

Global Corporations Eye Bitcoin (BTC) for Asset Reserves Amid Inflation Concerns

Global Corporations Eye Bitcoin (BTC) for Asset Reserves Amid Inflation Concerns

Major corporations are increasingly considering Bitcoin as a reserve asset to hedge against inflation and economic instability, following the lead of pioneers like MicroStrategy.

Bitwise Bitcoin ETF (BITB): 0.20% Management Fee, Pledges 10% Profits for Bitcoin Development

Bitwise Bitcoin ETF (BITB): 0.20% Management Fee, Pledges 10% Profits for Bitcoin Development

Bitwise Bitcoin ETF (BITB) is a low-cost, regulated ETF for U.S. investors, offering a traditional route to investing in bitcoin. With a 0% management fee for the first six months, BITB could pave the way for more cryptocurrency-based investment products.

Goldman Sachs Continues Expanding Digital Assets Team, Now Looking For New VP

Goldman Sachs Continues Expanding Digital Assets Team, Now Looking For New VP

Goldman Sachs is looking for a new Vice President for its Digital Assets team to helps define and execute the investment firm’s global blockchain strategy.

NFTs will be Everywhere in the Future because of Proof of Ownership, Expert says

NFTs will be Everywhere in the Future because of Proof of Ownership, Expert says

Caroline Alexander, a finance expert at the University of Sussex, believes that non-fungible tokens (NFTs) will be everywhere in the future because anything that requires proof of ownership will be an NFT.

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of financial sanctions but also expanded its oversight to virtual asset service providers.

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

As crypto ETFs gain SEC approval, Coinbase Custody emerges as the trusted custodian for digital assets, leveraging advanced security and regulatory compliance.

Over 50% Investors Look for more Alternative Investments for Next 12 Months, Survey Shows

Over 50% Investors Look for more Alternative Investments for Next 12 Months, Survey Shows

Subject to escalating inflation, over 50% of investors are looking for more investment in alternative assets, Asset Tribe's survey suggests.ation

PayPal Acquires UK Crypto License

PayPal Acquires UK Crypto License

PayPal has secured a cryptocurrency license from the UK's Financial Conduct Authority, marking a strategic move amid post-Brexit adjustments, and transitioning UK clients from PayPal Europe to a new UK-based entity.

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom and blockchain forward SEC Commissioner Hester Peirce has been sworn in for a second term at the US SEC.

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.

SEC Freezes Assets of DEBT Box in $50 Million Crypto Fraud Case

SEC Freezes Assets of DEBT Box in $50 Million Crypto Fraud Case

The U.S. Securities and Exchange Commission (SEC) has obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Utah-based entity operating as "DEBT Box," along with its four principals and 13 other defendants.

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.

Peter Schiff Mocks BTC Reliance on Platforms like PayPal, Says "Gold is Money, Bitcoin is not"

Peter Schiff Mocks BTC Reliance on Platforms like PayPal, Says "Gold is Money, Bitcoin is not"

Bitcoin critic Peter Schiff is calling out Bitcoin again for requiring a third-party like PayPal to operate as a payment system, he said that "Gold is money and Bitcoin is not".

Accenture Partners with R3 and SAP to Improve Settlement Systems by Using Blockchain

Accenture Partners with R3 and SAP to Improve Settlement Systems by Using Blockchain

Consultancy firm Accenture has partnered with blockchain technology firm R3 and multinational software firm SAP to produce a prototype that uses distributed ledger technology to allow real-time gross settlements.

IOSCO to Consult on Crypto Regulation

IOSCO to Consult on Crypto Regulation

The International Organization of Securities Commissions (IOSCO) plans to launch a consultation for its crypto asset regulation report in Q2 2023. The final recommendations are expected to be published by the end of 2023, with separate workflows dedicated to crypto assets and decentralized finance.

Cboe Digital Set to Launch Bitcoin and Ether Futures Trading in January 2024

Cboe Digital Set to Launch Bitcoin and Ether Futures Trading in January 2024

Cboe Digital, the first US-regulated crypto native exchange, will launch Bitcoin and Ether futures trading, enhancing capital efficiency and market liquidity.

CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"

CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"

The Commodity Futures Trading Commission has charged four people for allegedly soliciting funds from clients to speculate in Bitcoin price movements.

Microstrategy CEO Reveals BTC Purchase is Corporate Strategy to Adopt Bitcoin Standard

Microstrategy CEO Reveals BTC Purchase is Corporate Strategy to Adopt Bitcoin Standard

CEO Michael Saylor revealed that MicroStrategy’s $425 million Bitcoin investment was part of its corporate 100-year outlook and strategy to adopt the Bitcoin Standard.

Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services

Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services

Mongolia’s Trade & Development Bank (TDB Bank), one of the oldest and largest banks in the nation, has announced plans to enter the crypto space.

Constellation Network’s $DAG and $LTX Tokens Launch at LCX Exchange

Constellation Network’s $DAG and $LTX Tokens Launch at LCX Exchange

LCX will provide a legal framework package for additional L_0 tokens and businesses.

Bitcoin is the Best Institutional Asset in Q1 2021 - Messari

Bitcoin is the Best Institutional Asset in Q1 2021 - Messari

Bitcoin has reportedly outperformed the major institutional assets including oil and gold in Q1, 2021.

CoinSmart Is on the Hunt to Buy Distressed Crypto Assets

CoinSmart Is on the Hunt to Buy Distressed Crypto Assets

The recent market crash is the latest in global financial events that have created unique opportunities for buyers like CoinSmart and FTX wanting to acquire distressed crypto firms at a bargain valuation.

Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Hong Kong is setting its sights on becoming a global leader in two new fields: green finance and Web 3.0, according to a recent speech by the city's Financial Secretary Paul Chan.

The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business

The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business

The Ministry of Financial Services of the Cayman Islands announced that it is building regulatory frameworks for individuals and entities that offer digital assets in business.

FTC Settles with Voyager Digital Over Misleading FDIC Claims, Former CEO Charged

FTC Settles with Voyager Digital Over Misleading FDIC Claims, Former CEO Charged

The FTC settles with Voyager Digital, barring it from handling consumer assets post allegations of misleading FDIC insurance claims. The settlement highlights regulatory efforts to ensure transparency in the crypto industry amid a broader crackdown on deceptive practices.

Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution

Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution

Haru Invest CEO Hugo Lee has raised concerns over the company's corporate rehabilitation application, stating it doesn't represent all members' interests and doesn't benefit Haru Invest or the targeted entity. He plans to prioritize asset recovery from other management companies for member distribution.

South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding

South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding

A day after India’s Supreme Court lifted the ban on cryptocurrencies, South Korea has followed in their footsteps as the nation’s National Assembly has amended the Act on Reporting and Use of Specific Financial Information. This move fully legalizes cryptocurrencies in South Korea.

Hex Trust Announces Integration of Polkadot Blockchain Network

Hex Trust Announces Integration of Polkadot Blockchain Network

Hong Kong-based digital asset custody provider Hex Trust announced the integration of Polkadot blockchain network into Hex Safe.

Hong Kong Embraces Virtual Asset Spot ETFs

Hong Kong Embraces Virtual Asset Spot ETFs

Hong Kong is set to become the first market in Asia to allow Virtual Asset Spot ETFs, with around ten fund companies preparing for launch. This move signifies a major shift in the region's approach to virtual assets.

Singapore Regulator MAS is Exploring Use of Cases in Digital Assets

Singapore Regulator MAS is Exploring Use of Cases in Digital Assets

The Monetary Authority of Singapore (MAS) has launched Project Guardian, a sandbox initiative that is set to explore a number of defined use cases with respect to asset tokenization on the blockchain.

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

LINE Messaging App Launches Digital Asset Wallet and Blockchain Platform to Run Dapps and Tokens

LINE Messaging App Launches Digital Asset Wallet and Blockchain Platform to Run Dapps and Tokens

LINE communications app recently launched a new blockchain digital wallet that can be used to manage various crypto assets.

UK Aims to Implement Crypto Regulation Soon

UK Aims to Implement Crypto Regulation Soon

The UK plans to establish digital asset regulation within a year to take advantage of blockchain's benefits for the private sector and the economy, according to Andrew Griffith, the economic secretary to the UK Treasury.

Chainalysis Launches Program to Help Law Enforcement with Monitoring and Storing Seized Crypto Assets

Chainalysis Launches Program to Help Law Enforcement with Monitoring and Storing Seized Crypto Assets

Chainalysis has launched an asset realization program intended to assist government agencies with monitoring and storing seized crypto assets.

List of Blockchain Projects, People and ICOs the SEC Charged

List of Blockchain Projects, People and ICOs the SEC Charged

A list of some of the blockchain projects and crypto figures who have been charged by the United States Securities and Exchange Commission over the years.

Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.

Bitcoin Miner Integrated Ventures Sees Decline in Annual Revenue Despite Higher BTC Production

Bitcoin Miner Integrated Ventures Sees Decline in Annual Revenue Despite Higher BTC Production

Integrated Ventures Inc. reported a yearly mining revenue of $3,862,849, despite an increase in Bitcoin production to 162.71 BTC in 2023 from 108.29 BTC in 2022. The dip in revenue is attributed to the declining cryptocurrency market with the average dollar value of mined Bitcoin dropping significantly.

Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021

Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021

Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval

US Bitcoin Corp has secured court approval for its merger with Hut 8 Mining Corp, marking a significant step towards managing its assets and listing on Nasdaq and the Toronto Stock Exchange.

Japan's FSA Joins MAS' "Project Guardian" as First Overseas Regulator

Japan's FSA Joins MAS' "Project Guardian" as First Overseas Regulator

The Financial Services Authority (FSA) of Japan has announced its participation in the Monetary Authority of Singapore's (MAS) "Project Guardian" initiative. This collaborative project, which was established by MAS in May 2022, aims to explore the feasibility of applying digital technologies to various asset classes while ensuring financial stability and integrity.

SEC Report Reveals MicroStrategy “May Increase” its Bitcoin Holdings Beyond Initial Purchase of $250 Million

SEC Report Reveals MicroStrategy “May Increase” its Bitcoin Holdings Beyond Initial Purchase of $250 Million

Microstrategy has revealed in its United States Securities and Exchange Commission (SEC) report that it “may increase” its Bitcoin (BTC) holdings.

HashKey Launches Wealth Management Platform for Institutional Investors

HashKey Launches Wealth Management Platform for Institutional Investors

HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.

HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform

HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform

Hong Kong-based digital assets company HashKey Group announced it has secured regulatory approval from the Securities and Futures Commission of Hong Kong (SEC) to operate a virtual asset trading platform.

Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million

Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million

The transition to Ethereum 2.0, which was renamed the consensus layer, continues to gain momentum because the amount of staked Ether is nearly 10% of the entire ETH supply.

Goldman Sachs Predicts Booming Blockchain Asset Trading in Coming Years

Goldman Sachs Predicts Booming Blockchain Asset Trading in Coming Years

Goldman Sachs predicts a substantial increase in blockchain-based asset trading in the next 1-2 years, indicating a transformative shift in financial markets and growing interest in digital assets.

Germany's Largest Bitcoin Seizure: 50,000 BTC Confiscated in Piracy Probe

Germany's Largest Bitcoin Seizure: 50,000 BTC Confiscated in Piracy Probe

German authorities seized 50,000 Bitcoins linked to a piracy website, with suspects transferring the digital currency to police wallets, causing uncertainty in cryptocurrency enforcement.

Nomura-Backed Digital Asset Firm Komainu Hires Nicolas Bertrand As CEO

Nomura-Backed Digital Asset Firm Komainu Hires Nicolas Bertrand As CEO

Bertrand’s experience driving strategic transformations at the Italian stock exchange demonstrates his capability to accelerate Komainu growth and capture the opportunities ahead.

How Blockchain Will Break Down Barriers to Asset Management?

How Blockchain Will Break Down Barriers to Asset Management?

To tackle issues like global inequality, blockchain is believed one of the ways to break down barriers to asset management among traditional finance sector.

Hong Kong to Submit Virtual Asset OTC Trading Licensing Scheme Bill

Hong Kong to Submit Virtual Asset OTC Trading Licensing Scheme Bill

Hong Kong's Financial Secretary, Christopher Hui, plans to introduce a licensing scheme for virtual asset OTC trading platforms to combat crime and promote transparency in digital transactions.

Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%

Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%

Since non-fungible tokens (NFTs) help build authentic intellectual property, this is one of the key drivers expected to push the sector to a $97.6 billion valuation by 2028, according to a report by Research and Markets.

Tanzania wary about CBDC adoption following studies

Tanzania wary about CBDC adoption following studies

Tanzania's central bank is proposing a central bank digital currency (CBDC). An East African interdisciplinary technical team examined CBDC hazards and advantages. Four governments have halted CBDC adoption plans, while six have abandoned digital currencies.

Former UK Minister, Philip Hammond Joins Crypto Firm Copper as Senior Adviser

Former UK Minister, Philip Hammond Joins Crypto Firm Copper as Senior Adviser

Former Chancellor of the Exchequer, Lord Philip Hammond has joined the London-based digital asset custodial service provider, Copper, as its Senior Advisor.

Hong Kong Brokers Seek SFC Clearance Before Virtual Asset Trading Law

Hong Kong Brokers Seek SFC Clearance Before Virtual Asset Trading Law

Regional brokers and investment managers have sought licensing guidance ahead of new regulations. Retail investors may trade digital assets with high market capitalization and liquidity. Digital asset trading is confined to experienced investors and traders with at least $1 million in bankable assets.

IRS Delays Crypto Reporting Requirements for US Businesses

IRS Delays Crypto Reporting Requirements for US Businesses

The IRS delays enforcing crypto transaction reporting requirements for US businesses, pending a comprehensive regulatory framework. This follows the crypto community's concerns over the practical challenges of complying with the Infrastructure Investment and Jobs Act's rules.

Billionaire Shark Tank Investor Mark Cuban Changes Tune on Bitcoin as Store of Value

Billionaire Shark Tank Investor Mark Cuban Changes Tune on Bitcoin as Store of Value

Mark Cuban, a billionaire entrepreneur who is famed for his investor role on Shark Tank - where aspiring entrepreneurs pitch their business models -has watered down his Bitcoin criticism as he views it as a store of value.

Cambridge University Partners with 16 Financial Institutions to Develop Crypto Asset Ecosystem

Cambridge University Partners with 16 Financial Institutions to Develop Crypto Asset Ecosystem

The University of Cambridge has rolled out a multi-year research initiative with 16 key financial institutions like WorldBank, IMF, and MasterCard to shed more light on the rapidly evolving crypto-asset ecosystem.

BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments.

Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

Hong Kong has welcomed over 220 Web3 companies from 20 countries and regions, focusing on sectors like virtual asset exchanges, blockchain infrastructure, network security, and payment services, aiming to balance development with regulatory frameworks.

ECB Advances Digital Euro Project into Preparation Phase

ECB Advances Digital Euro Project into Preparation Phase

The ECB's progression into the preparation phase of the digital euro project marks a pivotal step towards modernizing Europe's financial infrastructure. The digital euro, envisioned as a secure, accessible, and private means of digital payment, holds the promise of fortifying the European monetary system in the digital age.

COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia

COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia

Financial regulators are keeping a keen eye on central bank digital currencies (CBDCs) because they see them as silver linings.

Andorra to Ratify Digital Assets Adoption with Crypto Law

Andorra to Ratify Digital Assets Adoption with Crypto Law

Andorra, or 'the Principality of Andorra', is contemplating regulations of digital assets and other blockchain technologies. Its parliament is debating on relative amendments before turning them into a draft.

Genesis Capital's Settlement Disrupted by Creditors

Genesis Capital's Settlement Disrupted by Creditors

Digital currency company Genesis Capital's settlement process has been disrupted by creditors, raising concerns about the timing of the process. Genesis' parent company, Digital Currency Group (DCG), has filed a motion for mediation, citing renewed demands from creditors.

SkyBridge Capital Achieves Record Year with Crypto Investments, Scaramucci Foresees Bright Future for Bitcoin

SkyBridge Capital Achieves Record Year with Crypto Investments, Scaramucci Foresees Bright Future for Bitcoin

Anthony Scaramucci's SkyBridge Capital records its best year in 2023 with a 130% rise in crypto investments, primarily in Bitcoin, Ethereum, and Solana. Scaramucci predicts Bitcoin will surpass its all-time high, bolstered by the recent approval of Bitcoin ETFs by the SEC.

VP Bank Partners with Metaco for Digital Asset Custody Services

VP Bank Partners with Metaco for Digital Asset Custody Services

VP Bank has teamed up with Metaco to enhance its digital asset custody and tokenization operations. The partnership will allow VP Bank to leverage Metaco's Harmonize platform for asset minting, burning, and storage.

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund

To expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.

Why the World Needs a Blockchain Consensus Operating System

Why the World Needs a Blockchain Consensus Operating System

The true potential of blockchain to transform the lives of people around the world has clearly not been realised.

Indian Couple Tie their Knot in the Metaverse, Offering 3D Experience for 500 Guests

Indian Couple Tie their Knot in the Metaverse, Offering 3D Experience for 500 Guests

Have you ever thought about getting married virtually? An Indian couple decided to arrange their first wedding of its kind in the metaverse.

Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate

Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate

Federal Reserve Governor Michelle Bowman, in a discussion at Harvard Law School, explored the evolving digital payment landscape, touching on CBDC, stablecoins, and the necessity for a robust regulatory framework. While recognizing the potential of digital assets, she emphasized a cautious approach, underscoring the importance of continued research and international collaboration to navigate the digital transformation responsibly.

U.S. Seizes $1.4M in Tether Linked to Tech Support Scam Targeting Elderly

U.S. Seizes $1.4M in Tether Linked to Tech Support Scam Targeting Elderly

The U.S. Attorney's Office in Chicago has seized approximately $1.4 million in Tether (USDT) linked to an alleged tech support scam that primarily targeted elderly victims across the United States.

Citi Unveils Digital Asset Solutions with Blockchain Integration

Citi Unveils Digital Asset Solutions with Blockchain Integration

Citi Treasury and Trade Solutions (TTS) has launched Citi Token Services, a digital asset service that integrates blockchain and smart contract technologies to improve cash management and trade finance for institutional clients. The service offers cross-border payments, liquidity, and automated trade finance solutions, aiming to improve the regulated financial system and streamline global liquidity management.

The White House is continuing to develop its National Digital Assets Research and Development

The White House is continuing to develop its National Digital Assets Research and Development

The White House wants advice on its National Digital Assets Research and Development Agenda. The agenda "shapes a whole-of-government effort" to build digital assets and distributed ledger technologies. The president's digital asset executive order prompted its September announcement.

Goldman Sachs Tells Investors Bitcoin Not Worthy of Investment

Goldman Sachs Tells Investors Bitcoin Not Worthy of Investment

The recent announcement that Goldman Sachs would be holding an investor conference call event to further discuss inflation, gold, and Bitcoin had captured the attention of the entire cryptocurrency industry. The investment bank called investors to discuss the “US Economic Outlook & Implications of Current Policies for Inflation, Gold, And Bitcoin”.

HIVE Digital Completes $28.75 Million Financing via Special Warrants to Bolster Bitcoin Mining

HIVE Digital Completes $28.75 Million Financing via Special Warrants to Bolster Bitcoin Mining

HIVE Digital Technologies raised CAD $28.75 million through the sale of 5,750,000 special warrants, supporting Bitcoin mining operations and corporate purposes.

MAS Proposes Open and Interoperable Framework for Digital Asset Networks

MAS Proposes Open and Interoperable Framework for Digital Asset Networks

The Monetary Authority of Singapore (MAS) has unveiled a comprehensive report introducing a framework for the design of open and interoperable networks for digital assets.

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management.

New Bakkt Study Shows Ongoing Crypto Interest and the Need for Regulation

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.

Google Creates Web3 Team to Take Advantage of Growing Crypto Popularity

Google Creates Web3 Team to Take Advantage of Growing Crypto Popularity

To set the ball rolling in Web3, Google is assembling a team to create services for developers in this ecosystem through its cloud unit, according to CNBC.

Traditional Financial Giant Lloyd's of London Introduces Cryptocurrency Insurance for Hot Wallets

Traditional Financial Giant Lloyd's of London Introduces Cryptocurrency Insurance for Hot Wallets

Insurance giant Lloyd’s has launched a new insurance product to protect digital asset holders against the rising threat of cybercrime in the crypto market.

Breaking: Visa Expands Stablecoin Settlement On Solana

Breaking: Visa Expands Stablecoin Settlement On Solana

Visa has expanded its stablecoin settlement capabilities, incorporating the Solana blockchain and initiating pilot programs with merchant acquirers Worldpay and Nuvei. The move aims to modernize cross-border money movement by leveraging stablecoins like Circle's USDC. Visa has conducted live pilots, transferring millions of USDC between partners over Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized via VisaNet. The new settlement options enable Visa to send funds on-chain to acquirers like Worldpay and Nuvei, serving various sectors.

Financial Stability Board Finalizes Global Crypto Asset Regulatory Framework

Financial Stability Board Finalizes Global Crypto Asset Regulatory Framework

FSB finalizes a global regulatory framework for crypto assets, aiming for consistent regulation. The framework includes high-level recommendations for crypto-asset activities and stablecoins.

Pope Francis’s Pontifex Carpet Gift Sold as NFT for Charity Purpose in Afghanistan

Pope Francis’s Pontifex Carpet Gift Sold as NFT for Charity Purpose in Afghanistan

A Pontifex carpet gifted to Pope Francis by Sheikh Mohamad Bin Zayed Al Nahyan during his visit to the Vatican in Sept 2016 was sold as an NFT for 25 Ether, approximately $81,886.

ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite

ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite

ARK Invest and 21Shares have launched a suite of digital asset ETFs, combining crypto-specific insights with traditional investment indicators, focusing on Bitcoin and Ether futures.

Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC.

Grayscale's Court Victory Influences SEC's Landmark Approval of Bitcoin ETFs

Grayscale's Court Victory Influences SEC's Landmark Approval of Bitcoin ETFs

The U.S. SEC, under Chair Gary Gensler, has approved several spot Bitcoin ETFs, a significant regulatory shift influenced by a court victory by Grayscale. This decision marks a new era in cryptocurrency regulation, signaling greater acceptance and potential mainstream adoption of digital assets.

Israel's Stock Exchange to Launch a New Platform for Digital Asset

Israel's Stock Exchange to Launch a New Platform for Digital Asset

The Tel Aviv Stock Exchange is planning to create a crypto platform through a project that will span for 5 years

Duma Approves Bill Placing a Ban on the Use of Digital Assets in Russia

Duma Approves Bill Placing a Ban on the Use of Digital Assets in Russia

Russian President Vladimir Putin has signed a bill addressing the ban on the use of digital financial assets (DFA) for payments

South Korea Probes OKX for Unregistered Operations

South Korea Probes OKX for Unregistered Operations

South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading

HKFTW2022: In the latest policy statement published in Hong Kong, regulators disclosed issuing tokenized green bonds this year and actively developing virtual assets trading.=

The Tale of Ethereum’s 6-Year Journey from Lows of $0.4 to Highs of $4650

The Tale of Ethereum’s 6-Year Journey from Lows of $0.4 to Highs of $4650

ETH has shined so far this quarter because after setting an all-time high (ATH) of $4,400 recently, it soared to new historic highs of $4,650.

Kraken Brings Crypto Asset Liquidity to Skrill and Neteller

Kraken Brings Crypto Asset Liquidity to Skrill and Neteller

Paysafe, a leading specialized payments platform has chosen US-based cryptocurrency exchange Kraken as their crypto asset liquidity provider.

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.

Regulating Cryptocurrencies like XRP with Securities Laws Not Always the Best Approach – Former SEC Executive

Regulating Cryptocurrencies like XRP with Securities Laws Not Always the Best Approach – Former SEC Executive

Joe Hall, a former SEC executive, has commented on the lawsuit against Ripple over XRP cryptocurrency. He, for one, thinks that crypto is here to stay.

UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales

UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales

UK Ministry of Defence signs £1.8 billion contract with Thales for 15-year project to improve Royal Navy ship availability and resilience, leveraging AI and data management.

IMF Proposes Framework to Assess Crypto Asset Risks

IMF Proposes Framework to Assess Crypto Asset Risks

The International Monetary Fund (IMF) has released a working paper that delves into the macrofinancial risks tied to crypto assets. The paper, part of the IMF's Working Papers series, proposes a framework aimed at aiding policymakers and regulatory authorities in understanding and tracking systemic risks from the crypto sector. This framework is crucial as traditional financial tools are not well-suited for assessing crypto-related risks.

World Economic Forum Releases GSMI Global Blockchain Standards

World Economic Forum Releases GSMI Global Blockchain Standards

The World Economic Forum (WEF) has released blockchain standards dubbed the Global Standards Mapping Initiative (GSMI).

US Treasury and IRS Propose New Regulations on Digital Asset Reporting

US Treasury and IRS Propose New Regulations on Digital Asset Reporting

The US Department of the Treasury and the IRS have issued proposed regulations to improve transparency and compliance in the digital asset sector. Starting Jan. 1, 2025, brokers must report gross proceeds, payee statements, and gain/loss and basis information for sales. The regulations aim to close the tax gap and ensure uniformity in tax rules.

Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus

Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus

Arkansas Rep. French Hill is poised to assume leadership of the House Financial Services Committee, bringing a crypto-savvy perspective to the role.

Germany to Permit Institutional Funds to Invest Billions in Crypto Assets for the First Time

Germany to Permit Institutional Funds to Invest Billions in Crypto Assets for the First Time

The German administration is set to green-light legislation on Monday, which will permit institutional funds to invest as much as 20% in crypto assets like Bitcoin.

HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment

HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment

Hong Kong's SFC has provided a detailed timeline of its investigation into the fraudulent activities of the unlicensed virtual asset trading platform JPEX. Despite the ongoing case, SFC CEO Leung Fung-yee reaffirms that Hong Kong's commitment to developing a Web3 ecosystem will not waver.

Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH

Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH

An Ethereum ICO participant re-emerged after 8.2 years of inactivity, transferring 2,000 ETH ($3.2 million) to four different addresses on October 21, 2023. Acquired at a mere $620 at the Ethereum Genesis, this move not only underscores Ethereum's substantial price appreciation but also hints at potential market dynamics as long-dormant assets re-enter circulation. The transaction could signal various intents, from cashing out to redistributing or reinvesting the holdings, each with its own set of implications for the Ethereum market.

Superstate Gains $14m in Series A Led by Distributed Global and CoinFund

Superstate Gains $14m in Series A Led by Distributed Global and CoinFund

Superstate, an innovative asset management firm, has secured a $14 million Series A financing round, aiming to expand its team and launch private funds for institutional investors.

Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week

Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week

The Hong Kong Special Administrative Region's government will release the plans for the development of virtual assets in the city during FinTech Week by the end of this month.

Africa Blockchain University Partners with YIELD App to Enhance NFT Education

Africa Blockchain University Partners with YIELD App to Enhance NFT Education

African artists are set to be enriched about the value they can get from the booming non-fungible tokens sector.

German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme

German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme

Horst Jicha, founder of USI Tech, has been charged with defrauding investors of $150 million in a fraudulent crypto scheme, marking a significant development in regulatory action against crypto-related crimes.

Bitcoin Options Worth $1.3 Billion Expire

Bitcoin Options Worth $1.3 Billion Expire

The largest lot of Bitcoin options until the year's end expired on Nov 27. The number stood at 78,000 Bitcoin (BTC) with a notional value of $1.3 billion.

Crypto.com's $10.5 Million Mistake Leads to Legal Fallout for Australian Couple

Crypto.com's $10.5 Million Mistake Leads to Legal Fallout for Australian Couple

A Melbourne couple faces legal repercussions after Crypto.com mistakenly transferred $10.5 million AUD to their bank account. Thevamanogari Manivel and her partner, Jatinder Singh, allegedly spent the funds on property and other assets. Manivel has been sentenced to an 18-month community corrections order, while Singh is set to face a plea trial on October 23, 2023.

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.

Coinbase’s Registration Statement with SEC Reveals What Could Make Bitcoin and Ethereum Prices Plunge

Coinbase’s Registration Statement with SEC Reveals What Could Make Bitcoin and Ethereum Prices Plunge

Coinbase's registration statement for its public listing reveals what could potentially drag down the price of Bitcoin and Ethereum.

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance, in conjunction with the Royal Thai Police, has successfully disrupted major crypto fraudulent networks in Thailand through two significant operations. The collaboration led to the arrest of key individuals and substantial asset seizures, underscoring Binance's proactive stance against cybercrime and its ongoing commitment to enhancing security within the digital asset ecosystem.

Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks

Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks

Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.

The Bank Of Canada Stresses Stablecoin Regulation When Legislation Is Presented

The Bank Of Canada Stresses Stablecoin Regulation When Legislation Is Presented

Between 2020 and mid-2022, the fiat-referenced crypto asset market grew 30-fold to $161 billion in U.S. dollars. In February, the Canadian House of Commons proposed Bill C-249, Encouraging the Cryptoasset Sector Act. Canada's crypto community supported the law, but it was politically controversial and buried after its second reading.

Litecoin vs Ethereum: The 8 Differences that You Should Know

Litecoin vs Ethereum: The 8 Differences that You Should Know

Litecoin and Ethereum have proven to be among the most fundamental digital assets in the crypto space. According to the Coin Market Cap, Ethereum is ranked the second most popular cryptocurrency after Bitcoin, whereas Litecoin is ranked seventh. Despite their popularity, their intentions are entirely different. It, therefore, becomes crucial to comprehend their unique aspects.

Nigeria Plans to Regulate Digital Asset Platforms

Nigeria Plans to Regulate Digital Asset Platforms

Nigeria’s SEC is considering new regulations for digital asset platforms, allowing licensed digital exchanges to list tokens backed by certain assets. Cryptocurrencies like Bitcoin and Ether will not be among those assets. Nigeria aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers, and tokenized coins issuers. Crypto exchanges will not be registered until the central bank provides clear regulations.

EBA Issues Updated Guidelines for Crypto Asset Service Providers

EBA Issues Updated Guidelines for Crypto Asset Service Providers

The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.

R3 Highlights the Transformative Potential of Tokenization in Finance

R3 Highlights the Transformative Potential of Tokenization in Finance

R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.

Fortex Launches Crypto Non-Deliverable Forwards

Fortex Launches Crypto Non-Deliverable Forwards

Fortex Technologies, a globally recognized multi-asset trading provider, has announced the expansion of its crypto services to include crypto non-deliverable forwards (NDFs), as well as an institutional platform for cryptocurrencies and digital assets.

US House to Hold Joint Hearings on Digital Assets

US House to Hold Joint Hearings on Digital Assets

The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May on establishing a bill to provide regulatory clarity to the digital asset ecosystem. The hearings will focus on addressing the market structure and striking a balance between protecting consumers and promoting responsible innovation. The goal is to report a bill out that deals with the capital raising piece for digital assets, all the way through to how a product can go from a securities regime to commodities regime, while preserving rights around products that do not fit into either regime.

Binance's Market Dominance Challenged as OKX and Upbit Gain Ground

Binance's Market Dominance Challenged as OKX and Upbit Gain Ground

The 2023 CEX Market Report shows Binance's dominance diminishing as OKX and Upbit gain market share. Factors like on-chain data, user growth, and social media presence contribute to the evolving CEX landscape.

Thailand SEC Eases ICO Restrictions

Thailand SEC Eases ICO Restrictions

Thailand’s Securities and Exchange Commission (SEC) plans to lift restrictions on retail investment in initial coin offerings (ICOs). The SEC aims to permit bigger investments in asset-backed ICOs, including those backed by real estate and infrastructure.

To Criminalize or Not to Criminalize Bitcoin and Crypto? Moscow Reconsiders

To Criminalize or Not to Criminalize Bitcoin and Crypto? Moscow Reconsiders

The State Duma is discussing its legislative plans regarding Bitcoin and cryptocurrency usage and has been reported to seemingly have a change of heart regarding digital assets adoption in Russia.

Swiss Central Bank Announces its Central Bank Digital Currency Trial a Success

Swiss Central Bank Announces its Central Bank Digital Currency Trial a Success

The digital franc trial entailed settling large scale transactions between financial institutions through an experiment dubbed Project Helvetia.

Russian Prime Minister Calls for Civilized Approach to Crypto Regulation

Russian Prime Minister Calls for Civilized Approach to Crypto Regulation

Mikhail Mishustin, the Russian prime minister, has stated that the cryptocurrency market ought to be advanced in a civilized manner.

Women in Blockchain: Sam Shrager of BCB Group

Women in Blockchain: Sam Shrager of BCB Group

The Women in Blockchain Series describes the journeys of some of the pioneer women driving initiatives and changing the nature of work by leveraging this revolutionary technology.

Haru Invest Addresses Rehabilitation Procedures and Asset Recovery Concerns

Haru Invest Addresses Rehabilitation Procedures and Asset Recovery Concerns

On August 20, 2023, Hugo Lee, the CEO of Haru Invest, released an official statement addressing the concerns and questions raised by its members. Lee emphasized that Haru Invest is not evading accountability and remains committed to the efficient recovery of members' assets.

FATF Virtual Assets Guidelines for Cryptosphere Review

FATF Virtual Assets Guidelines for Cryptosphere Review

With the growing concern of virtual assets/cryptocurrencies being used as a medium for the financing of illegal activities, the Financial Action Task Force (FATF) issues revised guidance from time to time to combat money laundering and terrorist financing involving virtual assets (VAs) and virtual asset service providers (VASPs).

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.

UK FCA Regulator Announces “Temporary Registration Regime” Extending Operating Deadline for Crypto Firms

UK FCA Regulator Announces “Temporary Registration Regime” Extending Operating Deadline for Crypto Firms

The UK’s FCA has just announced a “temporary registration regime” which allows crypto firms who have previously applied to continue operating until July 2021.

Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth

Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth

Tom Jessop, President of Fidelity Investments digital assets arm said his firm still uses the word “potential” when describing volatile Bitcoin’s ability to act as a store of value

UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant

UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant

UBS AG, in collaboration with OSL Digital Securities, introduces Hong Kong's first tokenized warrant on the Ethereum blockchain, marking a landmark moment in financial innovation and blockchain adoption.

UK Embraces Crypto Innovation with Groundbreaking Financial Services Act

UK Embraces Crypto Innovation with Groundbreaking Financial Services Act

The UK government has taken a bold step forward in the financial services sector, embracing the dynamic world of cryptocurrency and blockchain technology with the passing of the Financial Services and Markets Act 2023.

European Securities and Markets Authority Calls for Input on New EU Crypto Rules

European Securities and Markets Authority Calls for Input on New EU Crypto Rules

The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has initiated its first consultation package under the Markets in Crypto-Assets Regulation (MiCA). The authority is seeking stakeholder comments until September 20, 2023, marking a significant step towards establishing concrete rules for crypto markets in the EU.

Will Gold Bull Peter Schiff Change His Mind on Bitcoin? Crypto Twitter Backs BTC

Will Gold Bull Peter Schiff Change His Mind on Bitcoin? Crypto Twitter Backs BTC

Peter Schiff and his son have brought their friendly banter regarding Bitcoin investments to crypto Twitter.

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

According to a survey, about 70% of financial executives said that they are watching closely what others are doing with Bitcoins and they would still like to hear more from regulators about the digital currency before allocating a portion of their company's cash reserves to the cryptocurrency.

Dinari Secures $10M Seed Funding, Expands Crypto Asset Offerings

Dinari Secures $10M Seed Funding, Expands Crypto Asset Offerings

Dinari, a blockchain-based investment platform, secures $10M in seed funding, launches RWAs on Arbitrum, and expands dShare with crypto-themed assets, bridging TradFi and DeFi.

NFT Monthly Trading Volume Records $4B on OpenSea

NFT Monthly Trading Volume Records $4B on OpenSea

Despite being the new kid on the crypto block, non-fungible tokens (NFTs) are stamping their authority as trendy digital assets based on increased adoption.

JPMorgan Hires Former Microsoft Executive Tahreem Kampton to Its Digital Assets-Related Payments Group

JPMorgan Hires Former Microsoft Executive Tahreem Kampton to Its Digital Assets-Related Payments Group

Kampton comes with in-depth professional experience that will enable JPMorgan to develop its digital asset and blockchain division.

Texas Passes Bipartisan House Bill 1666 Regulating Digital Asset Service Providers

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.

Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company

Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company

The VARA license allows Calvin Cheng- a former Singaporean member of Parliament, for his Web3 company to operate within Dubai’s crypto market.

US Senate Finance Committee Seeks Input on Taxation of Digital Assets

US Senate Finance Committee Seeks Input on Taxation of Digital Assets

The US Senate Finance Committee has issued an open letter to the digital asset community and other interested parties, seeking their input on the taxation of digital assets. The letter, dated July 11, 2023, was signed by Chair Ron Wyden and Ranking Member Mike Crapo.

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. The budget also highlighted the forecast of an all-time high deficit of HK$139 billion for the coming fiscal year.

GDAC Exchange Heist Perpetrator Begins Moving Stolen Funds

GDAC Exchange Heist Perpetrator Begins Moving Stolen Funds

The hacker who stole $13 million from GDAC exchange in April has started transferring the stolen funds. Initially, around 60.8 BTC was moved to a specific address, which then transferred 36.7 BTC to three other addresses. Currently, the balance in the initial address stands at 24 BTC. MistTrack continues to monitor the situation, shedding light on the ongoing challenges faced by centralized exchanges in ensuring asset security.

Singapore High Court Approves iSanctuary's Use of NFTs for Financial Investigations

Singapore High Court Approves iSanctuary's Use of NFTs for Financial Investigations

In a legal first for Singapore, the High Court has granted permission to UK-based financial investigation firm Intelligent Sanctuary (iSanctuary) to use nonfungible tokens (NFTs) in tracking and freezing assets related to a hack. The NFTs, created in partnership with Mintable, will serve as a warning to counterparties and exchanges and enable real-time tracking of transactions from the compromised wallets.

One River Asset Management Closes $41M Funding Round Led by Goldman Sachs

One River Asset Management Closes $41M Funding Round Led by Goldman Sachs

One River Asset Management has completed a $41 million Series A funding round led by Coinbase Ventures and Goldman Sachs.

US Rep. Tom Emmer Fears Criticism of Digital Payment Innovation May Repress Progress

US Rep. Tom Emmer Fears Criticism of Digital Payment Innovation May Repress Progress

In a congressional hearing which was held on January 30, US Representative Tom Emmer has expressed his concern about the excessive criticism of innovations in digital payment, saying that it may repress its progress.

EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.

Nigeria Releases New Rules Classifying Crypto as Securities

Nigeria Releases New Rules Classifying Crypto as Securities

In a move that might boost crypto trading in Nigeria, the nation’s Securities and Exchange Commission (SEC) has rolled out “rules on issuance, offering platforms, and custody of digital assets” for virtual firms.

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand police said they have frozen $140 million linked to Russian crypto fraud suspect, Alexander Vinnik, alleged to have been the operator of the now-defunct BTC-e crypto exchange.

Atomicals Market Addresses Security Breach and Announces Compensation Measures

Atomicals Market Addresses Security Breach and Announces Compensation Measures

Atomicals Market has implemented measures to restore user trust and enhance platform security following a significant security breach, emphasizing community engagement's crucial role in protocol's future.

Jacobi Asset Management Introduces Europe's First Premier Bitcoin ETF with a Green Initiative

Jacobi Asset Management Introduces Europe's First Premier Bitcoin ETF with a Green Initiative

Jacobi Asset Management launches Europe's first Bitcoin ETF on Euronext Amsterdam, blending crypto investment with a green initiative. The ETF, compliant with SFDR Article 8, offers a unique Renewable Energy Certificate solution.

Coinbase Counters Senator Warren's Allegations

Coinbase Counters Senator Warren's Allegations

Coinbase denies Sen. Warren's allegations of using ex-government officials to resist digital asset regulations, highlighting its commitment to responsible crypto regulation.

PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K

PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K

PayPal’s crypto services are officially available for use in the United States. In response to the announcement, Bitcoin's price spiked and pushed past $16K.

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit

The US SEC is hiring general attorneys in New York, San Francisco, and Washington D.C. for its Crypto Assets and Cyber Unit in the Division of Enforcement. The job will involve investigating crypto asset securities and cyber issues, drafting subpoenas, and questioning witnesses. This move comes after the SEC chairman Gary Gensler asked for $2.4 billion in funding to chase down crypto misconduct.

University of Cambridge: Crypto Asset Users Have Skyrocketed to 101 Million Globally

University of Cambridge: Crypto Asset Users Have Skyrocketed to 101 Million Globally

The University of Cambridge has found that the estimated number of cryptoasset users stands at 101 million worldwide.

Malaysia’s Securities Commission Touts Cryptocurrency’s Potential Amid a COVID-19 Digital Normal

Malaysia’s Securities Commission Touts Cryptocurrency’s Potential Amid a COVID-19 Digital Normal

The Securities Commission of Malaysia backs cryptocurrency use and says it has great potential, despite a lack of understanding regarding digital assets in the country.

South Africa Classifies Crypto as Financial Assets

South Africa Classifies Crypto as Financial Assets

The country appears to be developing regulations consistent with those being developed by other regulators in the global market.

Bermuda’s Jewel Bank Receives Regulatory Approval to Run as Digital Asset Bank

Bermuda’s Jewel Bank Receives Regulatory Approval to Run as Digital Asset Bank

Jewel Bank announces that it acquire licenses from a local regulator to become the first digital asset bank in the island nation.

GameStop Phases Out NFT Platform in Response to Regulatory Challenges

GameStop Phases Out NFT Platform in Response to Regulatory Challenges

GameStop has announced the closure of its NFT marketplace, citing regulatory uncertainty. Effective from February 2, 2024, the platform will cease operations but assures that NFTs remain accessible on the blockchain.

Bank of England is for Stablecoin and CBDC, but Says ‘Bitcoin Has No Connection at All to Money’

Bank of England is for Stablecoin and CBDC, but Says ‘Bitcoin Has No Connection at All to Money’

The governor of the Bank of England, Andrew Bailey, shared his views on Bitcoin and said that the cryptocurrency “had no connection at all to money.”

CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations

CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations

CoinList settles with OFAC for $1.2 million over transactions for users in Crimea, promising to invest $300,000 in compliance enhancements.

New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses

New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses

The New Jersey state legislature received a new bill, the Digital Asset and Blockchain Technology Act by Assemblywoman Yvonne Lopez. This new bill would require cryptocurrency and virtual currency to obtain a license to operate, allowing for more consumer-friendly protections.

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its  Digital Currency

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency

Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare thoroughly for the rollout of its digital currency with initial experiments expected for this spring.

Bitcoin Will Be the Best Performing Asset in Two Years by a Big Margin, says Wall Street Veteran

Bitcoin Will Be the Best Performing Asset in Two Years by a Big Margin, says Wall Street Veteran

Wall Street veteran and CEO of Real Vision believes that Bitcoin will be the best performing asset in the next two years. Although Bitcoin’s price has struggled to stay above $12,000 twice this month, he thinks that the world’s first cryptocurrency could rally to $100,000 soon, even mentioning the $1 million threshold.

FTX debtors report over $4 billion in scheduled assets

FTX debtors report over $4 billion in scheduled assets

FTX debtors have reported over $4 billion in scheduled assets among various company silos as of November 2022 in a filing with the United States Bankruptcy Court. The report revealed that Alameda Research held the majority of scheduled assets but had "potentially material claims that have been filed as undetermined," while the data surrounding cryptocurrency holdings or transactions was limited.

Spanish Renewable Energy Firm Partners with Climate Blockchain Initiatives to Boost Carbon Offset Sales on Blockchain

Spanish Renewable Energy Firm Partners with Climate Blockchain Initiatives to Boost Carbon Offset Sales on Blockchain

Acciona, a leading Spanish renewable energy company, has joined hands with Climate Blockchain Initiatives (CBI), a Valencia-based startup, to boost the sale of its carbon offsets using the latter’s blockchain-powered trading platform.

Canadian Dollar Stablecoin QCAD Launched for Mass Market

Canadian Dollar Stablecoin QCAD Launched for Mass Market

Canada Stablecorp Inc. has launched a new regulated Canadian Dollar stablecoin called “QCAD”.

Sparkster Settles SEC Charges for Unregistered ICO, Agrees to Pay $35M to ‘Harmed Investors’

Sparkster Settles SEC Charges for Unregistered ICO, Agrees to Pay $35M to ‘Harmed Investors’

Sparkster agrees to pay over $35 million in a settlement with the U.S. Securities and Exchange Commission (SEC) over an "unregistered initial coin offering (ICO)" in 2018.

BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year

BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year

Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets over the last year based on the Sharpe Ratio.

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.

US House Committee to Probe Crypto Crimes in November Hearing

US House Committee to Probe Crypto Crimes in November Hearing

The US House Financial Services Committee will hold a hearing today, November 15, 2023, to examine illicit cryptocurrency activities, including money laundering and terrorist financing, and discuss the Department of Justice's focus on these crimes.

$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset

$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset

Stone Ridge Asset Management, home to $13 billion in assets under management (AUM) has recently purchased $115 million in Bitcoin.

YouTube Sees NFTs as Catalysts, Tieing Deeper Relationships with Users

YouTube Sees NFTs as Catalysts, Tieing Deeper Relationships with Users

YouTube sees NFTs as stepping stones towards a stronger connection between creators and viewers, according to Chief Product Officer Neal Mohan.

Extraterrestrial Evidence: A 15-Year Scientific Wager

Extraterrestrial Evidence: A 15-Year Scientific Wager

Astrobiologist Schulze-Makuch and planetary scientist Ian Crawford predict technological extraterrestrial life within 15 years, highlighting rapid space exploration advancements and cosmic significance.

Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round

Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round

Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.

Indonesia Set to Impose Income Tax on Crypto Assets from May

Indonesia Set to Impose Income Tax on Crypto Assets from May

Indonesia has announced that it will introduce taxes on crypto assets as part of efforts to generate tax revenue from the rising digital asset trading activities in the country.

Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia

Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia

Reasons why Hong Kong will a leading digital asset trading centre in Asia.

FTX Group and Alameda Research Recover Crypto Assets

FTX Group and Alameda Research Recover Crypto Assets

Following a liquidity crisis and bankruptcy filing, FTX Group and Alameda Research are making progress in recovering lost crypto assets. FTX has reached a settlement with Modulo Capital and is seeking to claw back funds from Genesis Global, while Alameda Research received $60M from OKX in a recovery effort.

Wealthfront To Enable Cryptocurrency Investments for its Clients

Wealthfront To Enable Cryptocurrency Investments for its Clients

Wealthfront is the latest mainstream firm that plans to offer cryptocurrencies to its clients.

Market Downturn Triggers Delisting of Crypto ETFs in Australia

Market Downturn Triggers Delisting of Crypto ETFs in Australia

Crypto winter is considered to have caused low demand for such ETFs in Australia. Cosmos Asset Management said it plans to delist three of its cryptocurrency ETFs on the Cboe stock exchange.

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea's Financial Intelligence Unit (FIU) is set to introduce new regulations targeting digital asset mixers, mirroring similar moves by the US. These measures aim to curb the use of crypto mixers for illegal money laundering.

CFTC Commissioner Calls for Reduced Cryptocurrency Anonymity

CFTC Commissioner Calls for Reduced Cryptocurrency Anonymity

CFTC Commissioner Christy Goldsmith Romero has proposed reducing the anonymity of cryptocurrencies as a means of managing associated risks. Romero spoke at City Week 2023 in London, stating that market integrity, national security, and financial stability cannot be compromised.

IOSCO Releases Landmark Policy Recommendations for Crypto and Digital Asset Markets

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.'

Bermuda Remains Committed to Crypto Despite FTX Collapse

Bermuda Remains Committed to Crypto Despite FTX Collapse

Bermuda's Premier and Finance Minister, Edward Burt, stated that despite the collapse of crypto exchange FTX in nearby Bahamas, Bermuda will continue to accommodate digital asset and blockchain technology companies due to the benefits they offer. The territory, which implemented a regulatory framework for digital assets, recently released its first stablecoin powered by the Polygon blockchain.

J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments

J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments

JPMorgan Chase has set the ball rolling by deploying its digital currency, the JPM Coin, for commercial purposes creating a new blockchain business unit dubbed Onyx.

Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date

Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date

The five market makers involved with Worldcoin's liquidity provision are approaching the loan settlement date of October 22. The recent on-chain activities reflect different strategies among these entities, possibly in anticipation of the settlement. The actions of these market makers could influence Worldcoin's market dynamics as the date nears.

Bank Of Russia Opposes International Trade Crypto Investment

Bank Of Russia Opposes International Trade Crypto Investment

The Bank of Russia is prepared to look into the possibility of permitting the usage of cryptocurrencies within the borders of the country, but this would be done solely for the purpose of conducting a legal experiment. Elvira Nabiullina, the governor of the Bank of Russia, stated that the major problem that the central bank has always had with cryptocurrencies is that they cannot be used as a payment tool.

Morgan Stanley Chose This Year’s Best Safe Haven Asset—It’s Not Bitcoin

Morgan Stanley Chose This Year’s Best Safe Haven Asset—It’s Not Bitcoin

The Morgan Stanley analysts said that although the Japanese yen and the Swiss franc remain safe havens, their dynamics are shifting.

UAE's Ras Al Khaimah to Launch Free Zone for Virtual Asset Companies

UAE's Ras Al Khaimah to Launch Free Zone for Virtual Asset Companies

Ras Al Khaimah in the UAE is launching RAK Digital Assets Oasis, a free zone for digital and virtual asset companies. The purpose-built zone will support emerging technologies in the virtual assets sector, including blockchain, NFTs, and DApps. The free zone is set to open for applications in Q2 2023.

Is Blockchain-Based Virtual Reality the Future?

Is Blockchain-Based Virtual Reality the Future?

For years, advocates of virtual reality have struggled to overcome several major barriers to mass adoption — centralised corporations controlled user accounts, hackers eliminated digital assets, and developers lacked incentives to create quality VR content. Now, blockchain is changing the game.

FTX Debtors' Filing Sets Controversial Valuations for Cryptocurrency Claims Post-Collapse

FTX Debtors' Filing Sets Controversial Valuations for Cryptocurrency Claims Post-Collapse

TX debtors propose a valuation for user claims based on digital asset prices at the time of the exchange's collapse, sparking objections from users due to the significant rise in cryptocurrency prices since then.

Singapore Payment Services Act Now in Effect For Crypto Firms

Singapore Payment Services Act Now in Effect For Crypto Firms

The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.

Protego Becomes the Second Federally Chartered Crypto Bank in United States

Protego Becomes the Second Federally Chartered Crypto Bank in United States

Protego, Washington state-chartered trust firm, has received a conditional approval from the OCC to become the second nationally chartered crypto bank in the U.S.

Nansen CEO Predicts Six Key Trends in Crypto

Nansen CEO Predicts Six Key Trends in Crypto

Nansen.ai CEO, Alex Svanevik, outlined six pivotal crypto trends on Twitter, emphasizing the synergy of fintech and crypto, DeFi's potential in gambling, the growing relevance of real-world assets like T-bills, the impending rise of Web3 gaming, SocialFi's development, and Physical NFTs' retail integration. The thread also welcomed community input, reflecting on other emerging trends like blockchain in fantasy sports.

Hydrogen Technology Corporation Settles Crypto Manipulation Lawsuit

Hydrogen Technology Corporation Settles Crypto Manipulation Lawsuit

Hydrogen Technology Corporation and its former CEO, Michael Ross Kane, have settled a lawsuit brought against them by the Securities and Exchange Commission (SEC) for alleged cryptocurrency price manipulation. The settlement requires the firm and Kane to pay $2.8 million in remedies and penalties. The SEC alleged that Kane used Hydrogen's market maker, Moonwalkers Trading Limited, to manipulate the volume and price of its ERC-20 token, Hydro (HYDRO).

Bitcoin Dominates Digital Asset Fund Flows with $140M Inflows in a Week

Bitcoin Dominates Digital Asset Fund Flows with $140M Inflows in a Week

In the past four weeks, digital asset investment products have seen a significant surge in inflows, totaling $742 million, according to the latest weekly report from CoinShares. This marks the largest run of inflows since the final quarter of 2021.

Hyundai Emerges as First Automaker to Roll Out Community-Based NFTs

Hyundai Emerges as First Automaker to Roll Out Community-Based NFTs

South Korean auto giant Hyundai Motor has entered the non-fungible token (NFT) market after partnering with the ‘Meta Kongz’ NFT brand to enhance its customer community and brand awareness.

Financial Way of Future, Building Wealth Are Key Drivers of Owning Crypto: Study Shows

Financial Way of Future, Building Wealth Are Key Drivers of Owning Crypto: Study Shows

A study showed up to 42% and 41% of people think owning crypto is the financial way of the future and wealth-builders, respectively, according to Visa.

Sberbank Executive Touts Blockchain for Russia

Sberbank Executive Touts Blockchain for Russia

Sberbank executive Alexander Vedyakhin believes blockchain technology could help Russia solve current settlement issues, offering new capabilities for payment systems.

NFT Surpasses Crypto and Ethereum in Google Searches

NFT Surpasses Crypto and Ethereum in Google Searches

To show their trendiness, NFT Google searches have surpassed those of Ethereum and crypto, according to Google Trends.

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

The Internal Revenue Service will not clarify how taxes work with cryptocurrencies and digital asset transactions in the US according to a US congress watchdog’s report released on Wednesday.

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

We conducted an interview with the Founder and CIO of CryptAM, a Fintech firm that offer high net-worth and institutional investors access and diversification into the digital asset market. He also shared with us his views and insights on the current digital asset landscape.

Kevin Rose, co-founder of Moonbirds, falls victim to phishing attack

Kevin Rose, co-founder of Moonbirds, falls victim to phishing attack

Moonbirds co-founder Kevin Rose. He lost about $1.1 million in NFTs to a phishing fraud.

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.

Italy and South Korea's Central Banks Forge a Path in CBDC Development

Italy and South Korea's Central Banks Forge a Path in CBDC Development

The Bank of Italy and the Bank of Korea have signed an MOU to collaborate on the development of Digital Currencies (CBDCs), a significant development in the digital currency sector.

Binance to Launch UK Crypto Exchange to Meet Client Demand

Binance to Launch UK Crypto Exchange to Meet Client Demand

Binance, the leading cryptocurrency exchange has announced that it will launch a regulated crypto trading platform in the UK, in the coming months. Binance.UK is planning to create a trading platform to allow retail and institutional investors to sell and buy cryptocurrencies using euros and pounds.

Paxful Exits Venezuela’s P2P Crypto Bitcoin Market Following US Sanctions

Paxful Exits Venezuela’s P2P Crypto Bitcoin Market Following US Sanctions

Paxful has withdrawn its crypto trading services from Venezuela after the country was classified as high-risk by the Office of Foreign Assets Control (OFAC).

Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand

Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand

Grayscale Investments LLC has announced plans to explore other digital assets.

LG Electronics to Roll Out Crypto Wallet

LG Electronics to Roll Out Crypto Wallet

As part of plans to expand its business scope to include platforms and software, South Korean tech giant LG Electronics is launching a crypto wallet application dubbed “Wallypto.”

Luxembourg: The FinTech Hub For Cross Border Asset Management

Luxembourg: The FinTech Hub For Cross Border Asset Management

Luxembourg for Finance (LFF) is a public-private partnership that acts as the agency for the development of the financial center of the small nation.

DOJ Targets SBF's Jets for Forfeiture

DOJ Targets SBF's Jets for Forfeiture

Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.

MEXC Global Enables Crypto Purchases with Zero Transaction Fees via Fedwire, SWIFT

MEXC Global Enables Crypto Purchases with Zero Transaction Fees via Fedwire, SWIFT

MEXC Global has permitted purchases that attract zero transaction fees through SWIFT and Fedwire to boost the globalisation of cryptocurrency trading.

CI Global Asset Management Partners with Galaxy Digital, Launching Blockchain and Metaverse ETFs

CI Global Asset Management Partners with Galaxy Digital, Launching Blockchain and Metaverse ETFs

CI Global Asset Management (“CI GAM”), a major Canadian asset management firm, has partnered with Galaxy Digital to launch ETFs focused on blockchain technology and Metaverse.

The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service

The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service

FV (Fintech Ventures) Bank, a global financial entity registered in the U.S. territory of Puerto Rico, has launched a digital-asset custody service for seamless safeguarding and interoperability of crypto and fiat.

The third-largest French bank Introduces Euro-Pegged Stablecoin

The third-largest French bank Introduces Euro-Pegged Stablecoin

Société Générale has introduced EUR CoinVertible, a euro-pegged stablecoin, marking a significant shift in the integration of traditional finance with digital assets.

VanEck Research Predicts Ethereum Price to Reach $11.8k by 2030

VanEck Research Predicts Ethereum Price to Reach $11.8k by 2030

VanEck Research revises #Ethereum price target to $11.8k by 2030 following a recent hard fork. The new valuation considers revenues from transaction fees, MEV, and an emerging "Security as a Service" model.

Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange

Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange

A federal judge has denied a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange FTX. The plaintiffs, including Julie Papadakis, Michael Elliott Jessup, Stephen Pierce, Elliott Lam, and Russell Hawkins, accuse former FTX CEO Sam Bankman-Fried and other executives of misappropriating assets. While all the plaintiffs are pursuing Bankman-Fried, the cases also involve various other defendants, including outside auditors and exchange promoters. The judge pointed out that not all defendants had the opportunity to respond yet, and there's no need to consolidate before hearing their side.

VanEck's Ambitious Move: A Spot Bitcoin ETF with a "HODL" Ticker

VanEck's Ambitious Move: A Spot Bitcoin ETF with a "HODL" Ticker

VanEck submits a fifth amended application for a spot Bitcoin ETF under the "HODL" ticker, aiming for SEC approval and significant market impact.

EDX Markets is Expanding in Singapore

EDX Markets is Expanding in Singapore

EDX Markets expands to Singapore, backed by Citadel Securities and Fidelity Digital Assets, introducing innovative trading options like spot and perpetual futures, and emphasizing non-custodial clearing solutions.

Galaxy Asset Management's AUM Exceeds $10 Billion Milestone

Galaxy Asset Management's AUM Exceeds $10 Billion Milestone

Galaxy Asset Management reaches a new pinnacle with over $10 billion in assets under management, reflecting robust institutional interest in digital assets.

ShapeShift Settles with SEC for Operating as Unregistered Crypto Asset Dealer

ShapeShift Settles with SEC for Operating as Unregistered Crypto Asset Dealer

ShapeShift AG has settled with the U.S. Securities and Exchange Commission (SEC) for operating as an unregistered dealer of crypto asset securities, agreeing to a cease-and-desist order and a $275,000 penalty.

Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund

Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund

Unchained, a bitcoin financial service provider, has partnered with Build Asset Management to invest in Unchained loans. The partnership aims to unlock the value of bitcoin for borrowers. Unchained's lending division has a 170% surge in Q1-2023, despite the 2022 crypto market contagion and bitcoin's 65% value drop.

Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility

Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility

Samsung Electronics has revealed plans to make the metaverse more accessible by developing innovative devices as it sees it as a new business model.

Simplify Asset Management Files Application of the "MAXI" Bitcoin ETF

Simplify Asset Management Files Application of the "MAXI" Bitcoin ETF

According to filings with the U.S. Securities and Exchange Commission (SEC), a Registered Investment Adviser Simplify Asset Management filed the application for Simplify Bitcoin Strategy Risk-Managed Income ETF under the ticker symbol MAXI.

Spain Strengthens Crypto Oversight to Settle Tax Debts

Spain Strengthens Crypto Oversight to Settle Tax Debts

Spanish Ministry of Finance is implementing legislative reforms to increase cryptocurrency monitoring, enabling seizure of digital assets for tax debt resolution, aligning with EU regulations.

Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets

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.

U.S. Should Align Itself with Digital Assets to Safeguard its Interests, Says Chainalysis Founder

U.S. Should Align Itself with Digital Assets to Safeguard its Interests, Says Chainalysis Founder

During a Senate hearing, Chainalysis founder Jonathan Levin opined that the U.S. ought to prioritize and invest in digital assets to get the upper hand when enhancing financial transparency, public safety, and national security.

Exclusive: LabCFTC's Melissa Netram Talks Advancing Policy and Regulation in FinTech and Blockchain Through Times of Crisis

Exclusive: LabCFTC's Melissa Netram Talks Advancing Policy and Regulation in FinTech and Blockchain Through Times of Crisis

The United States Commodity Futures Trading Commission (CFTC) established LabCFTC as an initiative under the General Counsel’s office in 2017 aimed at promoting FinTech innovation and competition. The office has been very active with over 400 different private meetings held with innovators in the last three years. In addition, LabCFTC has published three primers in the marketplace based on their understanding of smart contracts, artificial intelligence, and crypto-assets.

The Bank of Russia Wants Strict Limits for Non-Professional Russian Crypto Investors

The Bank of Russia Wants Strict Limits for Non-Professional Russian Crypto Investors

Russia has published a proposal that sets strict limits on the amounts of digital assets acquired by non-professionals investors in a year.

Ethics of Web3 Discussed at Paris Blockchain Week

Ethics of Web3 Discussed at Paris Blockchain Week

The second day of Paris Blockchain Week 2023 featured a panel discussion on the Ethics of Web3. The panelists agreed that ethical frameworks often lag behind technology and that innovation comes before any ethical standards are implemented. They highlighted the upcoming Markets in Crypto-Assets framework in the European Union as an example of turning ethics into law to protect people and innovation.

UTXO

UTXO

UTXO stands for An Unspent Transaction Output. It is one of the key concepts in bitcoin design and it is closed related to modern "payment, settlement, clearance" process in financial system.

HashKey Group Secures $100 Million in Series A Funding

HashKey Group Secures $100 Million in Series A Funding

HashKey Group raised $100 million in a Series A financing round, reaching a pre-money valuation of $1.2 billion. The Hong Kong-based company plans to use the funds to enhance its Web3 ecosystem and expand its Hong Kong business.

Siemens Issues World's First Blockchain Bond

Siemens Issues World's First Blockchain Bond

Siemens claims that "releasing the bond on a blockchain provides a variety of advantages compared to prior approaches," including removing banks as middlemen.

Brazil's largest private bank Launches Crypto Trading Platform in Brazil

Brazil's largest private bank Launches Crypto Trading Platform in Brazil

Brazil's largest private bank, Itaú Unibanco, has launched a cryptocurrency trading service, offering Bitcoin and Ethereum trading, with plans to expand further.

Belgian Blockchain-Platform-as-a-Service Company Sets Foot in the Indian Market

Belgian Blockchain-Platform-as-a-Service Company Sets Foot in the Indian Market

The Indian blockchain sector is ripe for investment based on the rapid growth witnessed to the tune of at least $20 billion as this technology is being deployed in different industries. As a result, SettleMint, a Belgian blockchain-platform-as-a-service company, has revealed its penetration into the Indian market.

FinFabrik and Chekk sign MOU to live and breathe KYC into digital assets investment

FinFabrik and Chekk sign MOU to live and breathe KYC into digital assets investment

FinFabrik is pleased to announce that it signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling financial institutions in private markets to grow new digital asset businesses powered by distributed technology.

Greenland Financial Holdings to Apply for Virtual Asset Trading License in Hong Kong

Greenland Financial Holdings to Apply for Virtual Asset Trading License in Hong Kong

Greenland Financial Holdings, a subsidiary of Greenland Group, is planning to apply for a virtual asset trading license in Hong Kong, according to Shanghai Securities News.

Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award

Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award

OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.

Regulated Stablecoins Likely to Remain in Use by 2030

Regulated Stablecoins Likely to Remain in Use by 2030

A panel of digital regulatory experts at the World of Web3 (WOW) Summit in Hong Kong discussed the future of regulated stablecoins. The group concluded that regulated stablecoins are likely to remain in use by 2030 and that their growth rate in the market supports this idea. The panelists acknowledged the growth of the crypto industry and emphasized the importance of both centralized and decentralized approaches to digital assets.

BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation

BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation

BlackRock Inc plans to lay off 600 employees, following a similar pattern from 2023. Meanwhile, it eagerly awaits the SEC's decision on its Bitcoin ETF application, a potential game-changer in the crypto market.

Coinbase's Legal Chief Fires on SEC's Crypto Regulation Approach

Coinbase's Legal Chief Fires on SEC's Crypto Regulation Approach

On July 8, Paul Grewal, the chief legal officer of Coinbase, tweeted a number of times about his displeasure with the Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation.

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.

Investment Bank Cowen Joins Cryptocurrency Craze with Digital Asset Division Launch

Investment Bank Cowen Joins Cryptocurrency Craze with Digital Asset Division Launch

Cowen joined the rush by major financial services companies to bet on digital assets like Bitcoin. The bank has created a new unit dedicated to helping customers to hold, issue, and trade digital assets.

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025.

Malaysia’s Securities Commission Legalizes Digital Asset and Crypto Trading

Malaysia’s Securities Commission Legalizes Digital Asset and Crypto Trading

Malaysia’s Securities Commission, which is responsible for overseeing compliance with Islamic laws in finance, has allowed trading of digital assets.

OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets

OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets

BOSTON, MA – JANUARY 20, 2021 - Financial Instruments Global Identifier® (FIGI®) is an open standard for the issuance of unique identifiers that can be assigned to financial instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products.

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

FTX Japan has introduced a blockchain-based Proof of Solvency (PoS) to ensure the transparency and security of its customer's assets. The PoS, announced on September 28, 2023, by COO Seth Melamed, enables the objective verification of asset management, allowing customers easy access to verify their balances. The details of PoS will be published weekly on the Ethereum blockchain, marking a significant step towards enhancing trust and transparency in the cryptocurrency ecosystem.

Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market

Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market

Laser Digital, Nomura's digital asset subsidiary, has received In-Principal Approval from Abu Dhabi Global Market's Financial Services Regulatory Authority. The approval allows the company to offer broker-dealer and asset management services in the UAE, subject to fulfilling specific conditions.

MicroStrategy Adds Additional 2574 Bitcoins To its BTC Portfolio for $50 Million

MicroStrategy Adds Additional 2574 Bitcoins To its BTC Portfolio for $50 Million

Nasdaq-listed MicroStrategy Inc has made another move to shore up its Bitcoin portfolio by purchasing an additional 2574 BTC for $50million.

EU Policymakers Vote for Blockchain Use to Fight Tax Evasion, Crypto Asset Non-Taxation

EU Policymakers Vote for Blockchain Use to Fight Tax Evasion, Crypto Asset Non-Taxation

The European Parliament has voted in favour of leveraging blockchain technology for tax compliance, with a majority of 566 out of 620 members backing the motion.

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry

PayPal may be looking to penetrate the market further following its recent crypto payments announcement, rumors indicate the firm may buy digital asset custodian BitGo.

Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem

Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem

Omega announces a $6M funding round to launch its decentralized infrastructure, aiming to redefine omnichain and Bitcoin DeFi without relying on traditional bridges or L2 solutions.

OKX Sends $60M to Alameda Research

OKX Sends $60M to Alameda Research

Crypto exchange OKX sent $60M worth of digital assets to Alameda Research as part of a recovery effort to pay back customers of its sister company FTX. Alameda Research currently holds over $284M worth of assets, including USDT and ETH.

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

After the fall of FTX and the Ripple lawsuit in 2022, the U.S. Securities and Exchange Commission (SEC) is now looking into Wall Street corporations that may be violating custody regulations.

Mastercard, BitOasis Roll Out Crypto-Linked Cards in the MENA Region

Mastercard, BitOasis Roll Out Crypto-Linked Cards in the MENA Region

Payment giant Mastercard has inked a deal with Middle East-based cryptocurrency exchange BitOasis to establish a series of crypto card programs aimed at boosting daily cryptocurrency usage in the Middle East & North Africa region.

Signum Digital Receives Approval for Security Token Offering Platform

Signum Digital Receives Approval for Security Token Offering Platform

Signum Digital, a joint venture of Coinstreet and Somerley, has received approval-in-principle from Hong Kong Securities and Futures Commission for its security token offering platform called CS-Pro. The platform will allow investment in tangible assets such as private equities, real estate, art, and collectibles.

Holistic Approach to Investing in Cryptocurrency

Holistic Approach to Investing in Cryptocurrency

The basic criteria for selection and investing in Cryptocurrencies using the three pillar approach.

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.

PwC Reports Huge Shift in M&A and Fundraising from US to Asia and EMEA in 2019

PwC Reports Huge Shift in M&A and Fundraising from US to Asia and EMEA in 2019

In 2019, crypto fundraising and M&As began migrating over to Asia, Europe and the Middle East and saw a lack of new VC investments as the majority of funding came from crypto firms within the industry, according to PWC’s latest report released on April 6.

Montana Passes Crypto Miner Rights Bill

Montana Passes Crypto Miner Rights Bill

Montana’s House of Representatives passed Bill number 178, which seeks to enshrine the rights of crypto miners and prohibit local authorities from obstructing crypto mining operations. The bill now awaits Governor Greg Gianforte’s signature to become law. The legislation establishes a “digital asset mining right,” forbids discriminatory electricity rates charged to crypto miners, and removes the authority of local governments to use zoning laws to impede crypto mining activities.

Binance Introduces MirrorX: A New Off-Exchange Settlement Solution

Binance Introduces MirrorX: A New Off-Exchange Settlement Solution

Binance introduces MirrorX, an off-exchange settlement solution for VIP and Institutional clients, enabling immediate asset delegation, automatic settlements, facilitated withdrawal, and risk mitigation through a 1:1 ratio collaboration with Ceffu.

Financial Stability Risks from Cryptoassets in Emerging Market Economies Highlighted by BIS

Financial Stability Risks from Cryptoassets in Emerging Market Economies Highlighted by BIS

The Bank for International Settlements (BIS) and the Consultative Group of Directors of Financial Stability (CGDFS) have released a report on the financial stability risks from crypto assets in emerging market economies. The report highlights the rapid evolution of digital finance and the potential risks associated with cryptoassets, such as market, liquidity, credit, operational, and capital flow risks.

Raiffeisen Bank to Launch Crypto Investment Service

Raiffeisen Bank to Launch Crypto Investment Service

Raiffeisenlandesbank Niederösterreich-Wien is teaming up with Bitpanda to provide crypto investment services. Customers can invest in various assets regardless of the capital amount. The new offering will feature over 2,500 digital assets, including Bitcoin and Ether.

Fidelity Reiterates Bitcoin's Unique Value as a Primary Investment Choice

Fidelity Reiterates Bitcoin's Unique Value as a Primary Investment Choice

Fidelity Digital Assets revisits Bitcoin's unmatched value proposition in a recent study, emphasizing its secure, decentralized nature. Shared by MicroStrategy's Michael Saylor, the study advocates for Bitcoin's primary consideration by investors venturing into the digital asset sphere.

NFT Sales Slide to a 12-Month Low Amid Crypto Meltdown

NFT Sales Slide to a 12-Month Low Amid Crypto Meltdown

The bloodbath in the crypto market has contributed to sales in the non-fungible token (NFT) sector slipping to a 12-month low, according to crypto analytic firm Chainalysis.

Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation

Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation

Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.

The White House Publishes Guidelines for Regulating Digital Assets

The White House Publishes Guidelines for Regulating Digital Assets

The U.S President, Joe Biden has set up a new framework on how cryptocurrency will be traded and regulated in the U.S

OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors

OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors

OpenTrade collaborates with WOO X to unveil access to tokenized T-Bills for Asian investors. This partnership, leveraging Circle Research’s Perimeter Protocol, is a response to the escalating demand for tokenized T-Bills over DeFi yields. Concurrently, WOO X advances its strategic footprint in South Korea, aligning with CODE compliance solutions to broaden its product accessibility in the region.

Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security

Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security

Paolo Ardoino, the CTO of Bitfinex and Tether tells us why safety and security should always be a top priority for crypto exchanges.

ADGM Launches Pioneering DLT Foundations Regime

ADGM Launches Pioneering DLT Foundations Regime

Abu Dhabi Global Market's Registration Authority has introduced the Distributed Ledger Technology Foundations Regulations 2023, a global legislative framework designed to facilitate token issuance, promote governance, and drive transparency in the crypto sector.

Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward

Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward

Financial leaders virtually discussed the regulatory framework for crypto assets and how crypto adoption could be driven forward.

Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board

Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board

Standard Chartered, the British multinational bank (MNB), announced recently that the corporation would be joining the crypto and digital finance industry membership body Global Digital Finance (GDF) Patron Board.

Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation

Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation

Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

The Securities and Exchange Commission (SEC) in Thailand has revealed plans to revise the royal decree on digital asset businesses in 2020 to boost digital assets’ growth, as well as shielding investors from avoidable risks.

Spot Bitcoin ETFs: Transforming Crypto Investment Landscape

Spot Bitcoin ETFs: Transforming Crypto Investment Landscape

The SEC's approval of spot Bitcoin ETFs, including Valkyrie's, marks a pivotal moment for crypto investments, potentially attracting billions in inflows and indicating a surge in Bitcoin's mainstream acceptance.

Bakkt Advances with $150 Million Capital Raise Initiative

Bakkt Advances with $150 Million Capital Raise Initiative

Bakkt Holdings, Inc. receives SEC's nod for a "universal shelf" registration, paving the way for up to $150 million capital infusion over three years, enhancing its strategic financial flexibility and growth potential in the digital asset sector.

New Zealand Eyeing the Possibility of Rolling Out a CBDC

New Zealand Eyeing the Possibility of Rolling Out a CBDC

New Zealand is in the race of setting up a central bank digital currency (CBDC) because it sees it as a stepping stone towards attaining an efficient monetary policy tool.

Fidelity: 60% of Institutional Investors Believe that Digital Assets Have a Place in their Portfolio

Fidelity: 60% of Institutional Investors Believe that Digital Assets Have a Place in their Portfolio

Fidelity Digital Assets surveyed 774 institutional investors across the United States and Europe, and 80 percent of those who were surveyed found something appealing about digital assets. The research was conducted from November 2019 to early March 2020 and is the second consecutive year that Fidelity Digital Assets has conducted this survey for US institutional investors and the first for European investors.

Capital Inflows into Crypto Investment Products, Hit a 3-Month High of $193m

Capital Inflows into Crypto Investment Products, Hit a 3-Month High of $193m

In the past week, inflows into crypto investment products reached $193 million. A scenario last seen in mid-December 2021, according to digital asset management firm Coinshares.

Ripple CTO Regrets Selling Ether for $1 Each, Missed Out on Millions as ETH Looking Bullish

Ripple CTO Regrets Selling Ether for $1 Each, Missed Out on Millions as ETH Looking Bullish

Ripple chief technical officer (CTO) David Schwartz disclosed that he previously had 40,000 Ether in his possession, but that he liquidated it in 2012.

Hong Kong’s OneDegree to Provide Digital Asset Protection Insurance with Munich Re

Hong Kong’s OneDegree to Provide Digital Asset Protection Insurance with Munich Re

OneDegree is developing more technology to provide protection to participants in the digital assets market.

Russian Sberbank Conducts First Digital Asset Trade on its Blockchain Platform

Russian Sberbank Conducts First Digital Asset Trade on its Blockchain Platform

Sberbank expects digital assets trading to be rolled out to the bank’s customers later this year.

KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption

KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption

KPMG has teamed up with Coin Metrics to enhance institutional adoption of blockchain and cryptoassets offering proprietary analytics, trusted data & insights.

US Credit Unions Gain Access to Partner with Crypto Assets Service Providers

US Credit Unions Gain Access to Partner with Crypto Assets Service Providers

The United States National Credit Union Administration granted domestic credit unions under the aegis of the Federally Insured Credit Unions the permission to enter into partnerships with third-party digital currency trading platforms.

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

China’s central bank, the People's Bank of China (PBOC), has teamed up with Shenzhen city to distribute DCEP worth 10 million yuan, approximately $1.5 million to residents.

Ripple May Dump Over 96 Million XRP Soon

Ripple May Dump Over 96 Million XRP Soon

Ripple's strategic handling of 240M XRP in December 2023 stabilized the market and may influence future cryptocurrency dynamics.

Alien Worlds Takes the Helm as the Top Blockchain Game, Approximately 11 Million Daily Transactions

Alien Worlds Takes the Helm as the Top Blockchain Game, Approximately 11 Million Daily Transactions

Alien Worlds has emerged as the leading blockchain game with nearly 11 million daily transactions undertaken by more than 700,000 monthly active users.

Bitcoin Recovers from Plunge Triggered by Confirmation Hearing for SEC Chair Nominee Gary Gensler

Bitcoin Recovers from Plunge Triggered by Confirmation Hearing for SEC Chair Nominee Gary Gensler

Bitcoin (BTC) dipped after Gary Gensler said that it was a challenge for the SEC to keep cryptocurrency markets free of fraud.

Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl

Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl

There has been a lack of innovation and digitization in the capital market systems, we sat down with Florian Spiegl, the Chief Operating Officer of FinFabrik in Hong Kong, to explore his journey from the traditional capital markets industry to the new modern digital space. FinFabrik, a start-up focused on bridging the gap between the traditional financial markets and the digitization of assets has come a long way helping institutions to digitize illiquid and alternative assets.   

Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines

Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines

The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.

Thailand's Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability

Thailand's Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability

Regulators in Thailand, including The trio of the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and the Ministry of Finance (MOF), issued a joint statement on cryptocurrencies that threaten the local financial ecosystem.

Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms

Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms

The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms (VATPs) engaging in improper practices, including false licensing claims and non-compliance with regulations.

Tritum Raises $1.1m Funding Round to Accelerate Institutional Digital Assets Adoption

Tritum Raises $1.1m Funding Round to Accelerate Institutional Digital Assets Adoption

Tritum disclosed the new funds would be used to continue accelerating the expansion of the throughput and size of each of its existing operating businesses.

Will Bitcoin Replace Gold as A 'Traditional Safe-Haven Asset?' Experts Debate

Will Bitcoin Replace Gold as A 'Traditional Safe-Haven Asset?' Experts Debate

Nigel Green, CEO, and founder of financial consultancy firm deVere Group, addressed Bitcoin’s bullish traction on the crypto market and boldly stated on his Twitter platform that the cryptocurrency was potentially going to “knock gold from its long-held position” of being a safe-haven asset.

Central Bank Executive Says Hong Kong Working On Investor Protection Measures

Central Bank Executive Says Hong Kong Working On Investor Protection Measures

Central bank governors from around the world are currently in Thailand to discuss the role of central banks amid evolving financial technology. Eddie Yue, chief executive of the Hong Kong Monetary Authority discussed the rise of digital assets and central bank digital currencies (CBDC) and the risks associated with the new technology. Changyong Rhee, governor of the Bank of Korea was not so optimistic about the future of blockchain technology, especially in the monetary sector.

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets

A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.

BlackRock CEO Larry Fink Says Bitcoin Can Evolve Into Global Asset and Impact Dollar

BlackRock CEO Larry Fink Says Bitcoin Can Evolve Into Global Asset and Impact Dollar

Larry Fink, CEO of BlackRock the world's largest asset manager with $7.4 trillion assets under management, says Bitcoin can evolve into a global asset and impact the US dollar.

Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019

Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019

Tether and cryptocurrency assets valued at nearly $50 billion left China in 2019 according to Chainalysis.

SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong

SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong

Swiss cryptocurrency bank SEBA Bank has been granted a Hong Kong Securities and Futures Commission license to offer trading, distribution, advisory, and asset management services in the Asia Pacific region.

Russian Finance Ministry Believes Crypto Should be Regulated not Banned

Russian Finance Ministry Believes Crypto Should be Regulated not Banned

The Ministry of Finance in Russia believes that the ban on crypto-assets should be shelved. Proper regulations would provide both transparency and protection to citizens.

With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest

With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest

BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.

Bitcoin Maximalist Max Keiser says Investors Holding Assets Other than BTC and Gold are in Trouble

Bitcoin Maximalist Max Keiser says Investors Holding Assets Other than BTC and Gold are in Trouble

According to Max Keiser, due to the renewed expansion of the Federal Reserve’s balance sheet, all assets are in trouble, except gold and Bitcoin.

$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History

$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History

On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.

Fasset to Drive Financial Inclusion in Indonesia with Mastercard

Fasset to Drive Financial Inclusion in Indonesia with Mastercard

Digital assets-based fintech startup Fasset Technologies has partnered with payments giant Mastercard to drive financial inclusion in Indonesia.

Fidelity Study Shows 70% Institutional Investors Eyeing for the Crypto Market

Fidelity Study Shows 70% Institutional Investors Eyeing for the Crypto Market

Despite institutional investment in the crypto market evaporating, a study conducted by Fidelity shows that 7 in 10 institutional investors are eyeing the crypto sector in the future, most of them intend to purchase digital assets.

G20 To Establish Standards For Global Crypto Regulatory Framework

G20 To Establish Standards For Global Crypto Regulatory Framework

The Financial Stability Board, IMF, and BIS will propose worldwide crypto regulations.

Actinver, BNP Paribas, Citibank, And JPMorgan Go Live on CLS Blockchain Platform

Actinver, BNP Paribas, Citibank, And JPMorgan Go Live on CLS Blockchain Platform

Four banks (JPMorgan, Citibank, BNP Paribas, and Actinver) go live on CLS blockchain bilateral payments netting platform.

BlackRock Has No Plans for XRP ETF

BlackRock Has No Plans for XRP ETF

BlackRock Inc., the world's largest asset manager, halts its plans for a spot XRP ETF due to ongoing regulatory uncertainties and concerns over XRP's legal status in the midst of the Ripple vs. SEC case.

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.

Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.

BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach

BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach

The Federal Financial Supervisory Authority of Germany (BaFin) has stated that it is not yet prepared to classify non-fungible tokens (NFTs) as securities. While NFTs may be considered investments in certain cases, BaFin suggests that classification should be approached on a case-by-case basis. The lack of immediate exchangeability and standardization makes it unlikely that NFTs will be classified as crypto assets. However, if an NFT contains documentation of exploitation rights or ownership, it could be considered an investment. BaFin does not expect NFTs to comply with the licensing requirements of the Payment Services Supervision Act or fall under its Anti-Money Laundering supervision, except for NFTs that are considered "crypto assets."

ProShares Unveils World's First Short Ether-Linked ETF

ProShares Unveils World's First Short Ether-Linked ETF

ProShares introduces ProShares Short Ether Strategy ETF (SETH), the world's first short ether-linked ETF, aiming to profit investors during ether price downtrends, reaffirming the firm's innovative approach.

WWE Launches John Cena-Inspired NFTs Just in Time for SummerSlam

WWE Launches John Cena-Inspired NFTs Just in Time for SummerSlam

World Wrestling Entertainment (WWE) announced the creation of non-fungible tokens (NFTs) inspired by 16-time world champion John Cena.

UK's FCA Introduces New Financial Promotions Regime for Cryptoasset Firms

UK's FCA Introduces New Financial Promotions Regime for Cryptoasset Firms

The UK's Financial Conduct Authority (FCA) has issued a letter to cryptoasset firms outlining a new financial promotions regime. This legislation, set to be enforced from 8 October 2023, requires all entities marketing cryptoassets to UK consumers, including those based abroad, to adhere to the new regime.

FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments.

BlockFi to Pay $100M in Settlement to US SEC

BlockFi to Pay $100M in Settlement to US SEC

BlockFi, an American crypto lending platform, reportedly agreed to a settlement deal with the United States Securities and Exchange Commission (SEC).

Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem

Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem

Payment giant Mastercard announced the acquisition of CipherTrace to offer businesses powerful intelligence about the crypto economy as digital assets continue becoming more intertwined with daily activities.

Hong Kong SFC Chief Executive: New Guidelines for Crypto Trading Platforms Prioritize Investor Protection

Hong Kong SFC Chief Executive: New Guidelines for Crypto Trading Platforms Prioritize Investor Protection

The Hong Kong Securities and Futures Commission (SFC) announced that the upcoming guidelines for operators of virtual asset trading platforms will place investor protection at the forefront.

Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody

Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody

The Bank Policy Institute, American Bankers Association, Financial Services Forum, and SIFMA have requested modifications to Staff Accounting Bulletin No. 121 to address challenges in digital asset custody for US banking organizations. The aim is to align provisions with recent policy developments and practical experience.

Ripple CEO Hints at Firm's Likely Move from US after DOJ Report

Ripple CEO Hints at Firm's Likely Move from US after DOJ Report

Ripple's Chief Executive Officer has hinted that unfavorable regulations may force the company to relocate its headquarters out of the United States.

Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions

Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions

Virginia Senate Bill No. 339, introduced by Senator Salim, aims to regulate digital asset mining and transactions, exempting businesses from certain licenses and providing tax benefits for digital asset exchanges.

VanEck Announces Launch of Ethereum Futures ETF (EFUT)

VanEck Announces Launch of Ethereum Futures ETF (EFUT)

VanEck announces the launch of VanEck Ethereum Strategy ETF (EFUT), targeting Ethereum futures contracts for capital appreciation. EFUT, listed on CBOE, complements VanEck's Bitcoin ETF (XBTF) with a tax-efficient structure.

Dubai Seeks to Become Hub of Metaverse

Dubai Seeks to Become Hub of Metaverse

Dubai has set the ball rolling to improve people’s lives and render creative solutions by positioning itself as the global capital of Web3 through its new blockchain and metaverse technology.

The UK's HMRC Begin Tax Talks for Cryptocurrency

The UK's HMRC Begin Tax Talks for Cryptocurrency

November 2019 has seen newly published guidelines come into place, with Her Majesty’s Revenue and Customs (HMRC) collecting advice and consulting with third parties to create new principles on different taxes in the United Kingdom.

Visa Rolls Out Creator Program to Empower Artists with NFTs

Visa Rolls Out Creator Program to Empower Artists with NFTs

Payment giant Visa has launched an initiative dubbed Visa Creator Program intended to help filmmakers, artists, fashion designers, and musicians revamp their businesses through non-fungible tokens (NFTs).

NFA issues new rule for digital asset commodities

NFA issues new rule for digital asset commodities

The National Futures Association has issued a new compliance rule to address fraud and misconduct by its over 100 members involved in digital asset commodities. The new rule will take effect on May 31 and applies only to Bitcoin and Ether.

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.

Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping

Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping

The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.

Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks

Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks

Treasury Secretary Janet Yellen highlighted Biden Administration's economic achievements and ongoing financial stability efforts, focusing on banking, climate change, cybersecurity, AI, and digital assets in a testimony to the House Committee on Financial Services.

Cypherpunk Holdings Sells All Crypto Assets to Avoid Market Volatility

Cypherpunk Holdings Sells All Crypto Assets to Avoid Market Volatility

Cypherpunk has turned all of its Bitcoin and Ether holding to cash to avoid being hit by the ongoing crypto market crash. The firm has, however, affirmed that it is still bullish on cryptocurrencies.

BIGG to Acquire Web3 Company TerraZero in $20M Deal

BIGG to Acquire Web3 Company TerraZero in $20M Deal

BIGG Digital Assets plans to acquire TerraZero Technologies Inc. for $20 million, a metaverse company with a 161% growth in Q1 2023. TerraZero will create a subsidiary for BIGG, with TerraZero's CEO serving a 12-month term.

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.

Japan Freezes Assets Linked to Hamas Funding

Japan Freezes Assets Linked to Hamas Funding

Japan has frozen the assets of nine individuals and a cryptocurrency firm accused of financing Hamas, following US sanctions. This move is part of a global effort to disrupt militant group financing channels, focusing on the challenges of virtual currencies in facilitating illicit financial flows.

ASX Delays Blockchain-Based CHESS Replacement to April 2023

ASX Delays Blockchain-Based CHESS Replacement to April 2023

The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.

CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says

CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says

CBDC would need a delicate balancing act between data access and user privacy protection in terms of taming illegal activities, according to HashCash Consultants CEO Raj Chowdhury.

Uniswap v4 Aims to Dominate Long Tail Asset Market

Uniswap v4 Aims to Dominate Long Tail Asset Market

Uniswap plans to deploy version 4 of its decentralized exchange, aiming to capture long tail assets and small capitalization tokens, enhancing its current offering.

White House Report Casts Doubt on Cryptocurrencies

White House Report Casts Doubt on Cryptocurrencies

The White House's Economic Report includes a chapter questioning the benefits of cryptocurrencies, with 35 pages dedicated to debunking them. It argues that crypto assets fail to deliver on their promised benefits, and that they are too volatile to be a stable store of value or reliable medium of exchange.

NBA's LeBron James Becomes Face of Crypto.com

NBA's LeBron James Becomes Face of Crypto.com

To get more limelight during the annual playoff championship game of the National Football League (NFL) called the Super Bowl, Crypto.com chose NBA's LeBron James as its new catalyst for mainstream adoption.

Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong

Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong

Interactive Brokers is working with OSL Digital Securities to expand the use of virtual assets dealing services in Hong Kong, witnessing investors' growing interest in exploring opportunities in investing in crypto-assets.

HashKey Group Partners with HKMA on Groundbreaking wCBDC Project

HashKey Group Partners with HKMA on Groundbreaking wCBDC Project

HashKey Group collaborates with HKMA on a wCBDC initiative to revolutionize interbank settlements and tokenized asset management.

UK’s Argo Crypto Mining Firm Begins Paying CEO in Bitcoin

UK’s Argo Crypto Mining Firm Begins Paying CEO in Bitcoin

Argo blockchain crypto mining firm has become the first publicly listed company to pay its CEO in Bitcoin.

Court Freezes Over $1 Billion in Three Arrows Capital Assets

Court Freezes Over $1 Billion in Three Arrows Capital Assets

The British Virgin Islands court has imposed an asset freeze on Three Arrows Capital, highlighting the significant challenges and volatility in the cryptocurrency sector.

FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases

FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases

FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.

HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect

HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect

Hong Kong Exchanges and Clearing Limited (HKEX) announces the launch of HKEX Synapse, a settlement acceleration platform designed to improve market efficiency and transparency for Northbound Stock Connect participants. The platform, set to launch on October 9, 2023, will employ DAML smart contracts to streamline post-trade operations. The move aims to enhance real-time data synchronization and scalability for asset managers, brokers, and other market participants.

BlockFi, Neuberger Berman Partner to Offer Crypto Asset Product Suite, Including ETFs

BlockFi, Neuberger Berman Partner to Offer Crypto Asset Product Suite, Including ETFs

BlockFi and Neuberger Berman have partnered to provide new management products, including exchange-traded funds to clients. The firms aim to capitalize on investors’ enthusiasm for digital assets

Bank of England Outlines Framework for Regulating Crypto Assets

Bank of England Outlines Framework for Regulating Crypto Assets

The Bank of England has announced a notice outlining securities law requirements that apply to cryptocurrency trading and how they may be tailored for the crypto’s business model.

South Korea Intensifies Measures Against Unlicensed Crypto Exchanges

South Korea Intensifies Measures Against Unlicensed Crypto Exchanges

South Korea's financial regulators are urging public disclosure of unlicensed crypto exchanges, as part of their efforts to regulate the digital asset market and safeguard investors.

Australia’s Financial Regulator Issues First Regulatory Roadmap for Crypto Assets

Australia’s Financial Regulator Issues First Regulatory Roadmap for Crypto Assets

The Australian Prudential Regulation Authority admitted that although the crypto sector is small, its rapid growth poses risks in the future if it remains unregulated.

Russian Banking Giant Sberbank to Tokenize Financial Assets Using Stablecoins

Russian Banking Giant Sberbank to Tokenize Financial Assets Using Stablecoins

Sberbank, Russia’s biggest bank, has disclosed the possibility of issuing tokens to be utilized in digital financial assets (DFA) settlements. The token will be in the form of a stablecoin to be pegged to the nation’s currency, the Russian ruble.

Goldman Sachs to Launch Data Service to Classify Digital Assets

Goldman Sachs to Launch Data Service to Classify Digital Assets

Goldman Sachs has floated a new crypto categorization tool dubbed Datanomy

UK's Bank Regulator to Propose Rules for Digital Asset Issuance

UK's Bank Regulator to Propose Rules for Digital Asset Issuance

The Prudential Regulatory Authority (PRA) in the United Kingdom is set to propose rules for issuing and holding digital assets, according to Vicky Saporta, executive director of the Prudential Policy Directorate at the Bank of England. The rules will be developed in compliance with the Basel III rules and the Financial Services and Markets (FSM) bill currently being considered by Parliament.

US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP

US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP

US Securities and Exchange Commission (SEC) has issued a statement to indicate that it is open to comment from the crypto industry regarding digital asset securities.

Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity

Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity

Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.

Institutional Investors Seek Tokenization Solutions

Institutional Investors Seek Tokenization Solutions

Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has already tokenized part of its $824 billion assets under management, and JPMorgan, which executed its first cross-border DeFi transaction on the Polygon network.

Citi Bank Launches "Digital Asset Group" for Developing Crypto Products

Citi Bank Launches "Digital Asset Group" for Developing Crypto Products

Citi group announced a "digital asset group" has been launched in its wealth management department for developing crypto-related products.

Budget to Provide for Fulfilling Expanded Crypto Surveillance Goal: CFTC

Budget to Provide for Fulfilling Expanded Crypto Surveillance Goal: CFTC

The United States Commodity Futures Trading Commission (CFTC) has requested a robust budget for its Fiscal Year 2023 in order to expand its digital assets or cryptocurrency surveillance targets.

ESMA Launches Key Consultations on Crypto-Asset Regulations under MiCA

ESMA Launches Key Consultations on Crypto-Asset Regulations under MiCA

ESMA conducts consultations on reverse solicitation exemptions and classifying crypto-assets as financial instruments, aiming to harmonize EU regulations with MiFID II.

EDX Markets Debuts Cryptocurrency Trading Platform and Wraps Up Latest Investment Round

EDX Markets Debuts Cryptocurrency Trading Platform and Wraps Up Latest Investment Round

In a key milestone, EDX Markets has successfully kick-started its cryptocurrency trading operations and completed a fresh funding round

Coca-Cola to Launch First-Ever NFT Collectibles to Honor International Friendship Day

Coca-Cola to Launch First-Ever NFT Collectibles to Honor International Friendship Day

Coca-Cola has partnered with Tafi, a leading designer of avatars and digital wearables, for the company’s first-ever non-fungible token (NFT) to celebrate International Friendship Day to be held on July 30.

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.

US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute

US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute

A US judge approved a confidential settlement between BlockFi and Three Arrows Capital, aiming to resolve financial disputes without further litigation. The details remain sealed to protect sensitive information amidst BlockFi's bankruptcy proceedings and its implications on the broader crypto market.

Malaysian Authorities to Extend Crypto Regulations to Wallet Providers

Malaysian Authorities to Extend Crypto Regulations to Wallet Providers

The Malaysian Securities Commission plans to extend crypto regulations to wallet providers in the country owing to their importance in the cryptocurrency ecosystem.

French Hill Challenges Warren's Anti-Money Laundering Act

French Hill Challenges Warren's Anti-Money Laundering Act

U.S. Representative French Hill questions the efficacy of Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act, arguing it won't deter terrorist organizations from using cryptocurrencies. The act's broad regulatory scope, including miners and validators, sparks controversy.

Voyager Digital Sells Assets via Coinbase Amid Bankruptcy

Voyager Digital Sells Assets via Coinbase Amid Bankruptcy

Voyager Digital, the CeFi platform that filed for Chapter 11 bankruptcy, has reportedly sold assets through Coinbase and received at least $100 million in USDC. The company has sent daily crypto transfers to Coinbase, with holdings of nearly $530 million in crypto, including Ether and Shiba Inu. The US SEC has objected to Binance.US acquiring over $1 billion of Voyager's assets.

Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation

Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation

The Danish Financial Supervisory Authority (Finanstilsynet) on July 4, 2023, issued a directive to Saxo Bank, instructing the financial institution to divest its holdings in cryptoassets. This move is based on the current legal framework, which prohibits banks from trading cryptoassets for their own account.

Crypto Assets Conference 2023 (CAC23A) | March 29 to March 30, 2023 | Frankfurt School of Finance & Management

Crypto Assets Conference 2023 (CAC23A) | March 29 to March 30, 2023 | Frankfurt School of Finance & Management

As crypto jargon makes its way into everyday business, Bitcoin and Ethereum disrupt the traditional understanding of currencies and the use of DeFi in traditional banking is increasingly inevitable - the world of digital assets evolves and matures in unprecedented style. With Web3 having the ability to revolutionize how society interacts and tokenization transforming the concept of ownership, blockchain technology has more use cases than ever before. Increasingly, established industries adapt to these use cases and a future without digital assets becomes unthinkable.

Bank of England Tests DLT Settlement System

Bank of England Tests DLT Settlement System

The Bank of England and the BIS Innovation Hub London Center successfully tested a distributed ledger technology-powered settlements system through Project Meridian, which could be extended to other asset classes to reduce time, costs, and risks of transactions.

Jim Cramer Says it is Still Not Too Late to Invest in Bitcoin as BTC Price Surges Toward $20,000

Jim Cramer Says it is Still Not Too Late to Invest in Bitcoin as BTC Price Surges Toward $20,000

In his Twitter post On Nov. 24, Cramer stated that he thinks that it is not too late to invest in Bitcoin, despite the crypto rallying to new highs.

dYdX Transitions to Public Benefit Corporation

dYdX Transitions to Public Benefit Corporation

dYdX Trading Inc. has updated its charter to become a Public Benefit Corporation on 17 October 2023, as announced by its founder, Antonio. This move aims at aligning the company more closely with the web3 community, promoting global economic and technological advancement through open-source and decentralized crypto asset exchanges. This transition, a first of its kind in the DeFi sector, enables dYdX to balance shareholder value with public benefit.

US Regulators Overreach to Protect US Dollar Supremacy with TON Decision, Will Bitcoin be next?

US Regulators Overreach to Protect US Dollar Supremacy with TON Decision, Will Bitcoin be next?

If the last two years have revealed anything about our global monetary system, it is that the US Federal Reserve and President Donald Trump really do not want a competitor to the US Dollar.

Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network

Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network

Unchained and Bakkt have partnered to enhance their Collaborative Custody Network, enhancing their capacity to secure over $3 billion in bitcoin assets.

Warren Buffett Changes Attitude on Gold, Not Bitcoin Reminds Peter Schiff

Warren Buffett Changes Attitude on Gold, Not Bitcoin Reminds Peter Schiff

Warren Buffett now started to buy bitcoin, reminding us of the days when he said he would never invest in Bitcoin.

HSBC to Initiate Institutional Digital Assets Custody Service in 2024

HSBC to Initiate Institutional Digital Assets Custody Service in 2024

HSBC plans to launch a digital assets custody service for institutional clients in 2024, partnering with Metaco to expand its digital offerings to include tokenised securities.

BitMEX Agrees to Pay $100M in Settlements to the CFTC of the US

BitMEX Agrees to Pay $100M in Settlements to the CFTC of the US

BitMEX has reached a settlement with the CFTC and FinCEN on charges bordering on illegal exchange operation.

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion

Grayscale Investments has collaborated with NYSE Arca to file Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to convert the Grayscale Ethereum Trust into a spot Ethereum ETF. This move is a significant part of Grayscale's ongoing strategy to transition its entire range of 17 crypto investment products into ETFs. The filing follows the SEC's recent approval of the first Ethereum futures ETFs.

DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure

DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure

DTCC announces its strategic acquisition of digital asset infrastructure specialist, Securrency. This move will bolster DTCC's digital asset offerings and streamline the integration of blockchain technology.

Bakkt to Shift Focus to B2B Technology Solutions

Bakkt to Shift Focus to B2B Technology Solutions

Bakkt said it would continue to provide crypto and loyalty experiences via SaaS and API solutions on a secure platform.

Hong Kong's SFC Sets 2024-2026 Agenda: Emphasis on Tokenization and Virtual Asset Innovation

Hong Kong's SFC Sets 2024-2026 Agenda: Emphasis on Tokenization and Virtual Asset Innovation

The SFC’s Strategic Priorities for 2024-2026 focus on enhancing Hong Kong's financial sector by maintaining market resilience, boosting global competitiveness, embracing financial innovation, and improving institutional resilience.

Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape

Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape

Qraft Technologies partners with Hex Trust, leveraging AI to enhance digital asset investments. The alliance aims to bridge traditional and digital asset management, optimizing cryptocurrency portfolios.

Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services

Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services

Mitsubishi UFJ Trust Bank and Ginco are partnering to provide Japan's first-ever trust services for crypto assets, in line with Japan's Payment Services Act and tax reforms.

Exclusive: Fidelity Digital Assets Explains the Core Concerns Traditional Institutions Still Have Towards Cryptocurrencies

Exclusive: Fidelity Digital Assets Explains the Core Concerns Traditional Institutions Still Have Towards Cryptocurrencies

Blockchain.News spoke with Christine Sandler, the Head of Sales and Marketing at Fidelity Digital Assets to understand more about the concerns institutional investors may have and the barriers to entry to the cryptocurrency market.

G20 Announces Standards for Global Crypto Regulation

G20 Announces Standards for Global Crypto Regulation

G20 countries have announced that the Financial Stability Board, the International Monetary Fund, and the Bank for International Settlements will release recommendations on global crypto regulation by July.

Could Bitcoin’s Next Price Boost Come from $8.5T in Sovereign Wealth Funds?

Could Bitcoin’s Next Price Boost Come from $8.5T in Sovereign Wealth Funds?

A prominent on-chain analyst believes Bitcoin's next boost is likely to come from sovereign wealth funds which hold around $8.5 trillion AUM, being managed by nations.

Ripple and YouTube Agree on Settling for Lawsuit over XRP Scam Videos

Ripple and YouTube Agree on Settling for Lawsuit over XRP Scam Videos

Ripple CEO Brad Garlinghouse has revealed that the lawsuit Ripple has served Youtube with has been settled.

BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"

BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"

The BIS collaborates with major central banks to study asset tokenization's potential to enhance the monetary system and cross-border efficiencies.

Kraken Secures E-Money License in EU, Expands Virtual Asset Services in Spain

Kraken Secures E-Money License in EU, Expands Virtual Asset Services in Spain

Kraken, a San Francisco-based crypto platform, has secured an E-Money Institution license from the Central Bank of Ireland and registered as a Virtual Asset Service Provider in Spain. These moves are part of Kraken's strategy to expand its European operations.

MicroStrategy's Bitcoin Holdings Reach 190,000 Amid Q4 Financials

MicroStrategy's Bitcoin Holdings Reach 190,000 Amid Q4 Financials

MicroStrategy, the world’s foremost corporate bitcoin holder, bolstered its holdings by 31,755 bitcoins in Q4 2023, reaching 190,000 BTC despite a revenue dip. The move underscores a strategic pivot towards digital assets amid fluctuating tech and financial landscapes.

White House Asks Regulators to Enforce Crypto Rules Citing FTX Crises

White House Asks Regulators to Enforce Crypto Rules Citing FTX Crises

White House's Press Sec Karine Jean-Pierre said the administration is monitoring the FTX saga

Hong Kong’s Securities and Futures Commission Sets New Regulations for Crypto Exchanges

Hong Kong’s Securities and Futures Commission Sets New Regulations for Crypto Exchanges

The Securities and Futures Commission, Hong Kong’s financial regulatory has set out new regulations for Bitcoin and cryptocurrency exchanges on Oct. 6. Announced by Ashley Alder, Chief Executive of the Hong Kong SFC made an announcement in his speech at the Hong Kong FinTech Week 2019. Following his speech, the SFC also published a new regulatory approach to “virtual asset trading platforms,” on its website.

Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin

Grayscale Investments has expanded its product line by launching new investment trusts including Chainlink, Filecoin, and Basic Attention Token.

Bittrex Files Motion to Dismiss SEC Charges

Bittrex Files Motion to Dismiss SEC Charges

A motion to dismiss the case has been filed on behalf of Bittrex and its co-founder, William Hiroaki Shihara. The motion, filed on July 2, 2023, argues that the SEC lacks the authority to regulate crypto assets as securities and that the Commission has failed to provide adequate notice of the alleged securities law violations.

Binance Undergoes Leadership Shakeup Amid DOJ Investigation

Binance Undergoes Leadership Shakeup Amid DOJ Investigation

Binance names Richard Teng as CEO amid Changpeng Zhao's departure due to legal issues, signaling a new leadership era as the company navigates a DOJ probe.

Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF

Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF

As a change of tune, the IMF alludes to the fact that crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution.

AICPA Publishes a Practice Aid for Digital Assets

AICPA Publishes a Practice Aid for Digital Assets

The American Institute of CPAs (AICPA) has not been oblivious to the rapidly changing digital assets ecosystem as it has availed a practice aid to help in crypto accountancy. The practice aid is founded on professional experience and literature from members of the Digital Assets Working Group.

Reserve Bank of Australia Rolls Out CBDC Pilot Project

Reserve Bank of Australia Rolls Out CBDC Pilot Project

The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.

SEC Commissioner & ‘Crypto Mom’ Hester Peirce Suggests Plan to Determine Whether an Asset is a Security

SEC Commissioner & ‘Crypto Mom’ Hester Peirce Suggests Plan to Determine Whether an Asset is a Security

“Crypto Mom” Hester Peirce is not the biggest fan of using the Howey Test to determine whether crypto assets are securities.

Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown

Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown

The CFTC and FTC have levelled fraud charges against former Voyager Digital CEO Stephen Ehrlich, spotlighting the case as a notable instance of regulatory enforcement within the digital asset sector. The charges underscore the market's inherent risks and the imperative for robust regulatory compliance to ensure investor protection.

The Sandbox, FlickPlay Collaborate to Accelerate Interoperability in Metaverse

The Sandbox, FlickPlay Collaborate to Accelerate Interoperability in Metaverse

With the metaverse expected to be worth between $8 trillion and $13 trillion by 2030, virtual world gaming platforms The Sandbox and FlickPlay have joined hands to enhance its adoption by offering players a blockchain asset.

Spot Bitcoin ETFs: A Pivotal Decision by SEC Awaits

Spot Bitcoin ETFs: A Pivotal Decision by SEC Awaits

The SEC is nearing a decision on approving spot Bitcoin ETFs, which could significantly impact the cryptocurrency market and investor sentiment, with discussions focusing on minor amendments.

Even Mark Cuban Isn't Immune: CZ's Essential Guide to Fortifying Your Crypto Assets

Even Mark Cuban Isn't Immune: CZ's Essential Guide to Fortifying Your Crypto Assets

Changpeng Zhao, CEO of Binance, emphasized the vulnerability of even experienced crypto users, citing a recent hacking incident. He highlighted the importance of security awareness and practices in the crypto space, pointing to an article he wrote three years ago. CZ highlighted the need for understanding basic security concepts, deciding between storage methods, and using strong passwords and two-factor authentication.

Ukraine's Draft Bill on Digital Currencies Undergoes First Parliamentary Hearing

Ukraine's Draft Bill on Digital Currencies Undergoes First Parliamentary Hearing

Ukraine's proposed draft bill for regulating digital assets in the country has passed its first parliamentary hearing.

Four Countries to Conduct Cross Border CBDC Payment Trials

Four Countries to Conduct Cross Border CBDC Payment Trials

The Bank for International Settlements (BIS) has joined forces with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar aimed at testing the use CBDCs in cross border payments.

NASDAQ Listed MicroStrategy Buys Up Additional $175 Million in Bitcoin

NASDAQ Listed MicroStrategy Buys Up Additional $175 Million in Bitcoin

Bitcoin centric NASDAQ listed MicroStrategy has shored up its Bitcoin (BTC) portfolio by investing an additional US$175 Million.

What is Real World Assets (RWA)?

What is Real World Assets (RWA)?

Real World Assets (RWA) refer to physical or tangible assets that have intrinsic value and exist in the real world.

Singapore-based ADDX Raises $58m in Pre-Series B Round

Singapore-based ADDX Raises $58m in Pre-Series B Round

Digital securities token exchange ADDX raised $58 million in a Pre-Series B round on Tuesday.

BlackRock Launches Pioneering Tokenized Asset Fund in Partnership with Securitize

BlackRock Launches Pioneering Tokenized Asset Fund in Partnership with Securitize

BlackRock unveils its first tokenized asset fund with a $100,000 minimum investment, signaling a major move by the asset management giant into digital assets.

FTX Debtors Propose Litigation Settlement Over $220 Million Embed Acquisition

FTX Debtors Propose Litigation Settlement Over $220 Million Embed Acquisition

FTX debtors propose a $220M litigation settlement over their Embed acquisition, involving ex-CEO Sam Bankman-Fried, with the aim of recovering the full investment.

MicroStrategy Continues to Invest in Digital Assets amid Holding 105,085 BTCs

MicroStrategy Continues to Invest in Digital Assets amid Holding 105,085 BTCs

The leading enterprise analytics platform MicroStrategy released its financial report for the second quarter of 2021 Thursday. The management is satisfied with its strategic investment in digital assets and will continue to deploy funds to invest in its "digital asset strategy."

Coinbase CEO Criticizes Anti-Crypto Stance of American Politicians

Coinbase CEO Criticizes Anti-Crypto Stance of American Politicians

Coinbase CEO Brian Armstrong warns that anti-crypto politicians may face strategic disadvantages in 2024 elections due to growing crypto adoption and the proposed Digital Asset Anti-Money Laundering Act's impact.

Ripple Launches Liquidity Hub to Bridge Crypto and Fiat

Ripple Launches Liquidity Hub to Bridge Crypto and Fiat

Ripple has launched a liquidity solution for businesses to access digital assets, including BTC, ETH, ETC, BCH, and LTC, through various market makers. The Ripple liquidity hub aims to bridge the gap between crypto and fiat, and reduce the cost of operations on high-volume transactions. Notably, XRP is not mentioned in the product launch, which could be attributed to Ripple's ongoing court battle with the SEC.

NFTs can Help Patients Have Significant Control of Personal Health Data: Global Scholars

NFTs can Help Patients Have Significant Control of Personal Health Data: Global Scholars

A global and multidisciplinary team of scholars have released a publication noting that NFTs have the capability of spreading their wings to the healthcare sector by helping patients safeguard their personal health information.

Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme

Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme

Pablo Renato Rodriguez, co-founder of AirBit Club, has been sentenced to 12 years in prison for orchestrating a global cryptocurrency pyramid scheme. Co-defendants await sentencing, and the group has been ordered to forfeit approximately $100 million in assets.

Fidelity Digital Assets to Hire 70% Staffs to Meet Rising Cryptocurrency Demand

Fidelity Digital Assets to Hire 70% Staffs to Meet Rising Cryptocurrency Demand

Fidelity Digital Assets plans to employ a number of its employees amid increasing demands for crypto assets.

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

The CFTC has scheduled a virtual meeting for Thursday, July 16th where its Technical Advisory Committee will discuss matters around on cryptocurrencies and DLT.

Estonia to Strengthen Supervision of Virtual Asset Service Providers

Estonia to Strengthen Supervision of Virtual Asset Service Providers

Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers.

Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers

Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers

The Taiwanese Legislature is deliberating on a new Virtual Asset Management Bill aimed at fostering better consumer protection and industry oversight. The bill, seen as moderate, outlines pragmatic mandates for VASPs while leaving room for further regulatory fine-tuning, marking a significant step in Taiwan’s evolving digital asset regulatory landscape.

Crypto-friendly banks closure could pose a challenge for crypto companies

Crypto-friendly banks closure could pose a challenge for crypto companies

The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, could pose a challenge for crypto companies in accessing traditional banking partners. The loss of these banks could impact crypto liquidity, and some experts believe that it may leave crypto companies without banking options. However, some in the industry believe that it could create room for another bank to step up and fill the vacuum, while others suggest that there are already viable alternatives available.

UK Introduces Bill to Classify Crypto and NFTs as Personal Property

UK Introduces Bill to Classify Crypto and NFTs as Personal Property

The UK has introduced a bill to classify cryptocurrencies and NFTs as personal property, enhancing legal protections for owners and clarifying their legal status.

First Private Bank Joins Turkish Digital Asset Blockchain Network

First Private Bank Joins Turkish Digital Asset Blockchain Network

Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.

French Bank SocGen Obtains Regulatory Approval to Offer Crypto Assets Services

French Bank SocGen Obtains Regulatory Approval to Offer Crypto Assets Services

Société Générale now engages in regulated crypto-related business activities.

What’s Different About Cryptocurrencies This Time Around?

What’s Different About Cryptocurrencies This Time Around?

Even people who haven’t been paying all that much attention to the markets over the last several months are likely aware that cryptocurrencies are one of, if not the hot investment topic.

Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller

Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller

The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).

Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery

Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery

Hedera and Algorand ecosystems have united to form the DeRec Alliance, introducing a new standard for simplified and secure digital asset recovery, aiming to revolutionize the Web3 experience.

Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions

Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions

Virginia Senate Bill No. 339, introduced by Senator Salim, aims to regulate digital asset mining and transactions, exempting businesses from certain licenses and providing tax benefits for digital asset exchanges.

Thailand Waives Taxes on Investment Tokens

Thailand Waives Taxes on Investment Tokens

Thailand's cabinet has agreed to waive corporate income tax and VAT for companies issuing investment tokens, encouraging alternative capital raising in addition to conventional methods. The government hopes to generate 128 billion Thai baht from investment token offerings over the next two years.

Will Crypto Assets Have a Future in Russia After All? State Duma Passes DFA Bill

Will Crypto Assets Have a Future in Russia After All? State Duma Passes DFA Bill

The State Duma of Russia passed a law regarding digital financial assets (DFA) in the financial bill’s third reading, which determined the fate of Bitcoin and other cryptocurrencies.

US Government Removes Cryptocurrency AML Provisions from NDAA

US Government Removes Cryptocurrency AML Provisions from NDAA

The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.

The Old World. What is going on with Digital Assets in Europe?

The Old World. What is going on with Digital Assets in Europe?

Europe is an enormous market of more than half a billion people. As small amounts up to 8 million euros may be raised without registration of the offering, it is a very attractive market for international projects looking to reach new investors for their security token offering.

Arca Digital Asset Investment Firm Gets Approval from SEC to Tokenize US Treasury Bonds

Arca Digital Asset Investment Firm Gets Approval from SEC to Tokenize US Treasury Bonds

Los Angeles-based digital asset investment firm Arca has launched trading for its new digitized security investment product that runs on the Ethereum blockchain.

Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development

Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development

Bitfinex Securities, the first licensed digital asset provider in El Salvador, is launching its inaugural tokenized asset raise on the Bitcoin layer 2 Liquid Network to fund a new Hilton hotel complex at El Salvador International Airport.

MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

MUFG (Mitsubishi UFJ Financial Group), one of Japan’s biggest banking institutions, has announced the establishment of an ST (Security Token) Research Consortium intended at protecting investors’ rights, as well as offering fund settlement and seamless automatic securities settlement via blockchain.

South Korea to Delay 20% Capital Gains Tax on Digital Asset Investments until Jan 2025

South Korea to Delay 20% Capital Gains Tax on Digital Asset Investments until Jan 2025

Before levying income taxes on virtual assets, South Korean lawmakers have called for the government to prepare for effective implementation of new rules.

Dasset Enters Liquidation: Key Details

Dasset Enters Liquidation: Key Details

Digital Asset Exchange Limited, trading as 'Dasset', has entered liquidation due to"unfavorable market dynamics, increasing regulatory constraints, and uncertainty regarding the legal standing of cryptocurrencies in different jurisdictions.

EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets

EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets

The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.

Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors

Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors

Nomura's Laser Digital has launched an Ethereum Adoption Fund, focusing on institutional investors, with a strategy involving staking and regulated custody, aiming to increase institutional engagement in Ethereum investments.

Nasdaq to Launch Digital Asset Custody Services

Nasdaq to Launch Digital Asset Custody Services

Nasdaq is preparing to launch its custody services for digital assets by the end of Q2 2022, starting with Bitcoin and Ether. The exchange has applied for a limited-purpose trust company charter from the New York Department of Financial Services to oversee the new business and aims to eventually build a broad suite of services for its digital assets division. Its entry into the crypto market could potentially boost institutional investor confidence and pave the way for more traditional financial institutions to offer similar services.

MicroStrategy Q3 2023: 158,400 Bitcoin Holdings at $29,586 per BTC

MicroStrategy Q3 2023: 158,400 Bitcoin Holdings at $29,586 per BTC

MicroStrategy Incorporated reveals Q3 2023 financial results, highlighting continuous acquisition of bitcoin and AI software launch. The company's bitcoin holdings now stand at 158,400 with a total cost of $4.69 billion. Software Licenses and Subscription Services Revenues observed notable growth, indicating a positive trajectory in its business intelligence domain.

DTCC to Build Prototype Supporting US Digital Dollar in Clearing & Settlement Process

DTCC to Build Prototype Supporting US Digital Dollar in Clearing & Settlement Process

The prototype aims to examine the ability of US clearing and settlement infrastructure to support the US central bank digital currency using a DLT platform.

Ernst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film

Ernst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film

Big-four accounting and auditing firm Ernst & Young’s blockchain-as-a-service dubbed EY OpsChain will create NFTs for the award-winning Italian film La Leggenda Di Kaspar Hauser.

Richard Teng Signals Unchanged Core Values at Binance Amid Leadership Transition

Richard Teng Signals Unchanged Core Values at Binance Amid Leadership Transition

Richard Teng, Binance's new CEO, prioritizes user protection and appeal amid leadership changes following Changpeng Zhao's resignation and $4.3 billion legal settlement for anti-money laundering violations.

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

To boost the Japanese banking and IT industries, the government would relax crypto company tax restrictions. Even if they haven't sold, Japanese crypto issuers must pay a 30% corporation tax on their holdings. In recent years, some local crypto/blockchain enterprises and personnel have moved abroad.

“Bitcoin Better Investment than Gold," Winklevoss Says to Dave Portnoy Over Talks on Elon Musk’s Plans to Mine Gold in Space

“Bitcoin Better Investment than Gold," Winklevoss Says to Dave Portnoy Over Talks on Elon Musk’s Plans to Mine Gold in Space

In their interview with Dave Portnoy, Tyler and Cameron Winklevoss advised the "Davey Day Trader" to invest in Bitcoin rather than gold.

Bank of England Chooses Accenture To Rebuild UK Payment System

Bank of England Chooses Accenture To Rebuild UK Payment System

Accenture has won a tender with the UK’s central bank to assist in building the UK’s new RTGS (real-time gross settlement) service.

WisdomTree Third-Quarter Crypto Assets’ AUM Drop 36% As Market Losses Continue

WisdomTree Third-Quarter Crypto Assets’ AUM Drop 36% As Market Losses Continue

WisdomTree has seen its crypto assets under management fall by 36% in what the company said has been triggered by the ongoing market turbulence.

GSR Secures Major Payment Institution Licence from Singapore's MAS

GSR Secures Major Payment Institution Licence from Singapore's MAS

GSR, a global cryptocurrency trading firm, has received In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore (MAS). The approval allows GSR's Singapore subsidiary, GSR Markets Pte. Ltd., to better serve the cryptocurrency community. The news comes a day after Coinbase Singapore announced its full licence, highlighting the competitive yet regulated crypto landscape in Singapore.

France’s CBDC Projects to Manage DeFi Liquidity, Settle Tokenized Assets

France’s CBDC Projects to Manage DeFi Liquidity, Settle Tokenized Assets

The Bank of France is currently working on its second stage of experimentation in wholesale central bank digital currency (CBDC).

Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee

Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee

Hong Kong leader John Lee delivered his first policy address Wednesday, indicating that the administration has introduced a bill to propose establishing a statutory licensing regime for virtual asset service providers.

BOE Governor: Bitcoin and Trending Cryptocurrencies May not be Viable in the Future but Stablecoins Are the Exception

BOE Governor: Bitcoin and Trending Cryptocurrencies May not be Viable in the Future but Stablecoins Are the Exception

Speaking at the World Economic Forum, the Bank of England governor Andrew Bailey discussed how cryptocurrencies would fit in the current governance system.

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with crypto trading firm Cumberland Korea and blockchain venture fund Hashed.

At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study

At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study

Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.

Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism

Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism

New data indicates that institutional clients are increasingly buying Bitcoin via Grayscale Bitcoin Trust despite warning from Goldman Sachs.

9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows

9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows

90% of apex banks have shown intentions of rolling out central bank digital currencies (CBDCs), according to a study by the Bank for International Settlements (BIS).

Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

Ethereum's annual return stands at 663.7%, performing much stronger compared to Bitcoin’s 195.5%.

Nomura's Laser Digital Partners with WebN Group to Launch Libre Protocol on Polygon

Nomura's Laser Digital Partners with WebN Group to Launch Libre Protocol on Polygon

Nomura's Laser Digital and WebN Group have unveiled the Libre protocol, a fund tokenization infrastructure powered by Polygon technology, set to launch in Q1 2024. The protocol aims to revolutionize the management and distribution of alternative investments, with Brevan Howard and Hamilton Lane as initial users.

US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July.

Spanish Tax Agency Cracks Down on Crypto Holders

Spanish Tax Agency Cracks Down on Crypto Holders

The Spanish Tax Administration Agency (AEAT) is increasing its efforts to collect taxes on crypto assets, with plans to send out 328,000 warning notices to those who should pay their taxes for the 2022 fiscal year. The AEAT has only recently begun to take the matter seriously, with a 40% increase in the number of notices sent from the previous year.

California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025

California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025

California Governor Gavin Newsom signed the Digital Financial Assets Law on October 13, 2023, initiating a robust regulatory framework for cryptocurrency activities in the state from July 1, 2025. The law necessitates licensure from the Department of Financial Protection and Innovation for individuals and businesses dealing in digital assets. This regulatory shift, contrasting Newsom’s earlier stance in 2022, aligns with broader national trends towards formalizing digital asset transactions to curb fraud and enhance consumer protection.

Chainalysis Releases Crypto Market Intelligence Site Catered to Asset Managers and Regulators

Chainalysis Releases Crypto Market Intelligence Site Catered to Asset Managers and Regulators

Blockchain analysis firm Chainalysis released Market Intel, a new website catered to asset managers and regulators for access to live crypto data and insights. Chainalysis’ Market Intel will leverage the firm’s proprietary data, which has been collecting and linking to real-world entities since 2014.

3 Platforms Making DeFi More Inclusive

3 Platforms Making DeFi More Inclusive

Decentralized finance (DeFi) is taking the world by storm. Owners of cryptocurrencies can unlock an alternative financial system that offers better rewards than traditional bank accounts and carries more risk. Several trends in the DeFi space are emerging lately, as are the new protocols trying to capitalize on this momentum.

Meta Opens Up Horizon OS to Third-Party XR Headsets

Meta Opens Up Horizon OS to Third-Party XR Headsets

Meta is collaborating with third-party hardware manufacturers to open up Meta Horizon OS, allowing devices to run the same system, apps, and games. This move aims to create a more open ecosystem, with leading tech companies like ASUS, Lenovo, and Xbox already partnering.

MetaWeek to Take Place in Dubai on March 7-10, 2022, Shaping the Future Trends for Metaverses and Blockchain

MetaWeek to Take Place in Dubai on March 7-10, 2022, Shaping the Future Trends for Metaverses and Blockchain

Investors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses.

Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX

Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX

GMEX acquired Pyctor from ING to expand its digital assets trading offering services and to fulfil growing demands from banks, asset management firms and other institutions.

MetaWeek in Dubai to bring together artists, NFT creators, investors, and blockchain Masterminds

MetaWeek in Dubai to bring together artists, NFT creators, investors, and blockchain Masterminds

A week-long event, set for March 7-10, 2022, will cover how paradigm-shifting technologies revolutionize and scale in industries like finance, art, cybersecurity, media and investment.

Matrixport Partners with Simplex to Allow Buying Crypto Using Credit Card

Matrixport Partners with Simplex to Allow Buying Crypto Using Credit Card

Matrixport, the Bitmain spin-off and a leading financial service provider for digital assets, today announced a partnership with the leading payment process company Simplex, enabling users to purchase cryptocurrencies using their credit cards directly and securely on Matrixport.

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

The Bank for International Settlements released its analysis report in which it evaluated central bank digital currencies globally.

Winklevoss Says Bitcoin Price to Reach $500,000 — Why BTC is Better than Gold and Oil

Winklevoss Says Bitcoin Price to Reach $500,000 — Why BTC is Better than Gold and Oil

Tyler Winklevoss advocates that Bitcoin (BTC) is headed towards a markup of $500,000 in price and that it will be the preferred safe-haven asset by investors.

Microstrategy's Bitcoin Investment Turns Green Again

Microstrategy's Bitcoin Investment Turns Green Again

Microstrategy's Bitcoin investment has turned profitable again as BTC surpassed the critical resistance of $29,000 and hit a new 10-month high of $30,163. The company had accumulated 140,000 BTC for nearly $4.17 billion at an average price of $29,803 per BTC. After a 70% drop in BTC price during the crypto winter in 2022, the price has seen over a 55% increase in the first quarter of 2023, outperforming most traditional stocks and bonds.

Fidelity Launches a New Commission-Free Crypto Trading Product

Fidelity Launches a New Commission-Free Crypto Trading Product

Fidelity Investments has launched trading support for Bitcoin and Ethereum at zero commission

California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets

California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets

California’s Senate Banking and Financial Institutions Committee has unanimously passed Assembly Bill 2150 which will help define digital assets as well as to measure its potential impact on the state and consumers

George Soros’s Family Office Confirms Trading Bitcoin

George Soros’s Family Office Confirms Trading Bitcoin

The investment firm owned by billionaire investor George Soros is the latest family office to invest in Bitcoin and see cryptocurrencies as a hedge against inflation.

Crime across DeFi Platforms Surged to $10.5B in 2021

Crime across DeFi Platforms Surged to $10.5B in 2021

Crime has grown at an alarming rate in the decentralized finance (DeFi) industry by hitting $10.5 billion so far this year.

Ethereum’s DeFi Trades Skyrocketed in Q3 2020, but Bitcoin Volume Declined

Ethereum’s DeFi Trades Skyrocketed in Q3 2020, but Bitcoin Volume Declined

A quarterly report from eToro indicated that while DeFi sector was bullish in 2020’s third quarter (Q3), Bitcoin trades decreased in contrast.

A Guide to Minimizing Risk in Crypto Trading

A Guide to Minimizing Risk in Crypto Trading

Risk management in crypto trading, shaped by market volatility, involves setting stop-losses, proper position sizing, using take-profit orders, and diversifying assets. Continuous learning is vital.

BC Technology Group Halts Trading Amid Notifiable Transaction

BC Technology Group Halts Trading Amid Notifiable Transaction

BC Technology Group Limited halted trading on Hong Kong Stock Exchange due to pending announcement about potential sale of crypto platform OSL, valued at $128 million.

World Economic Forum Paves Way for Global Crypto-Asset Regulation

World Economic Forum Paves Way for Global Crypto-Asset Regulation

The World Economic Forum (WEF) recently published a white paper titled "Pathways to the Regulation of Crypto-Assets: A Global Approach," advocating for a collaborative approach towards crypto regulation on a global scale.

Korean Prosecution Investigates Cypto Coin WEMIX Issuer WeMade and Hyperism Simultaneously

Korean Prosecution Investigates Cypto Coin WEMIX Issuer WeMade and Hyperism Simultaneously

The Korean prosecution has simultaneously raided WeMade, the issuer of the cryptocurrency WEMIX, and Hyperism, the asset management company responsible for WEMIX's market making. This incident comes right after South Korea’s parliament passed the Virtual Asset Protection Act, which aims to crack down on illegal illegal trading practices such as market price manipulation and insider trading.

Congressional Memo Challenges SEC's SAB 121

Congressional Memo Challenges SEC's SAB 121

Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.

Europe's Watchdog MONEYVAL Sees Crypto as a Threat to AML

Europe's Watchdog MONEYVAL Sees Crypto as a Threat to AML

European regulator MONEYVAL has published a report that considered cryptocurrencies a major threat to regulators' efforts to fight money laundering activities.

South Korea May Have to Postpone Crypto Taxation, Lawmaker Declares

South Korea May Have to Postpone Crypto Taxation, Lawmaker Declares

A push from one of the South Korean top lawmakers may stir the postponement of the crypto taxation billed to commence on January 1, local media reported.

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Following a memorandum of understanding (MoU) between the Dubai Multi-Commodities Centre (DMCC) Free Zone and the Securities and Commodities Authority (SCA), crypto businesses have been granted the liberty to operate in DMCC once registered licenses are granted.

Tom Emmer's Nonpartisan Amendment to Limit SEC's Enforcement on Digital Assets Passes House

Tom Emmer's Nonpartisan Amendment to Limit SEC's Enforcement on Digital Assets Passes House

GOP Majority Whip Tom Emmer passed a House amendment restricting SEC's enforcement against digital assets until relevant legislation is enacted, highlighting the push for legislative clarity in cryptocurrency regulation.

SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025

SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025

The United States Senate has voted in Commissioner Hester Peirce of the Securities and Exchange Commission for a second term that will see her remain with the regulator until 2025.

Mutual Efforts with Europe, U.S. Key for CBDC Issuance: Bank of Japan Governor

Mutual Efforts with Europe, U.S. Key for CBDC Issuance: Bank of Japan Governor

Joining hands with the United States and Europe is fundamental when meeting technical issues needed in the issuance of a central bank digital currency (CBDC).

U.S. State Street Bank Joins Digital Asset Space with New Cryptocurrency Division

U.S. State Street Bank Joins Digital Asset Space with New Cryptocurrency Division

State Street bank based in Boston wants to bet on digital currencies like Bitcoin. The bank has announced that it is creating a new unit to help clients and investors hold, buy, and sell digital assets.

Nigerian President-elect's Manifesto Includes Blockchain and Crypto Regulations

Nigerian President-elect's Manifesto Includes Blockchain and Crypto Regulations

Nigerian President-elect Bola Tinubu has released a manifesto proposing the implementation of blockchain technology and cryptocurrencies in Nigeria's banking and finance sector. The manifesto suggests reforming existing Nigerian Security Exchange Commission regulations to create a more business-friendly framework for regulating digital assets. The proposed regulations would require digital asset companies to register with the SEC and comply with SEC regulations. The release of the manifesto coincides with the increasing adoption of cryptocurrencies in Nigeria, with the government hoping that the proposed SEC regulation reforms will attract more investors in the digital and economic sectors and stimulate economic growth.

Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence

Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence

Upbit Singapore has received an in-principle approval for a Major Payment Institution licence from the Monetary Authority of Singapore, a significant step towards establishing a stronger digital asset business in Singapore. This provisional approval will enable Upbit Singapore to continue offering regulated Digital Payment Token services as per the Payment Services Act 2019 while awaiting the full license.

Transforming Asset Management: The Impact of Generative AI

Transforming Asset Management: The Impact of Generative AI

Mohamed El-Erian, a Cambridge economist, highlights the dual impact of generative AI on asset management, predicting job creation and displacement, and emphasizing the need for firms to adapt.

Australia to Continue Treating Cryptos as Assets

Australia to Continue Treating Cryptos as Assets

According to the Australian government's budget announcement on Tuesday, legislation will be put upon treating digital currencies such as bitcoin as an asset.

US Government to Auction $130 Million in Silk Road Bitcoin

US Government to Auction $130 Million in Silk Road Bitcoin

The US government is auctioning over $130 million in Bitcoin seized from the Silk Road case, involving digital assets linked to criminal activities. This significant move reflects the evolving approach to handling cryptocurrencies in law enforcement.

Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets

Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets

Pantera Capital is set to launch Pantera Fund V, a comprehensive fund aiming to raise over $1 billion, offering exposure to various blockchain-based assets.

Russia Finally Showing Signs of Embracing Digital Assets in New Bill

Russia Finally Showing Signs of Embracing Digital Assets in New Bill

After successfully undergoing test period, tokenization is set to take centre stage with reforms as newly proposed cryptocurrency legislation in Russia received the green lights.

Binance Adds 11 Tokens to PoR Report

Binance Adds 11 Tokens to PoR Report

Binance cryptocurrency exchange has included 11 more tokens in its proof-of-reserves report, taking the total number of assets in its system to 24, valued at over $63 billion.

French Central Bank Succeeds in CBDC Experiment in the Issuance of a Government Bond

French Central Bank Succeeds in CBDC Experiment in the Issuance of a Government Bond

The Banque de France or Bank of France, the central bank of France, has prospered in undertaking an experiment on using a central bank digital currency (CBDC) to issue a French government bond.

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

Flow blockchain unveils proposal for full EVM equivalence, bridging Ethereum dApp ecosystem with Flow’s unique capabilities. The move aims to enhance composability, interoperability, and user experience across the blockchain space.

Hut 8 Secures US$50 Million from Coinbase Credit to Enhance Financial Flexibility and Support Growth Initiatives

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

Standard Custody and GSR Form Alliance for Secure Digital Asset Settlement

Standard Custody and GSR Form Alliance for Secure Digital Asset Settlement

Standard Custody & Trust Company and GSR Markets Limited have partnered to enhance digital asset transactions security and efficiency through an innovative escrow solution.

Binance Enhances Futures Trading with Multi-Assets Mode Launch

Binance Enhances Futures Trading with Multi-Assets Mode Launch

Starting February 9, 2024, Binance introduces an automatic Multi-Assets Mode for new futures accounts, enhancing trading flexibility and efficiency across margin assets.

All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin

All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin

The correlation between Bitcoin and other cryptoassets like Ethereum (ETH) and Litecoin (LTC) is above 60%, as acknowledged by Messari Crypto researcher Mira Christianto.

Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023

Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023

Upbit discloses Dunamu & Partners' #Bitcoin holdings as of October 2023, holding 2,081.84950412 BTC with no sales transactions recorded, aligning with Upbit's transparency principle in digital asset trading.

Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan

Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan

American Bitcoin mining firm Genesis Digital Assets is purchasing additional 20,000 units of bitcoin ASIC miners from China’s Bitcoin mining hardware manufacturer Canaan Creative. The purchase will help Genesis to scale up its mining operations.

Crypto.com Denies Allegations of Misleading Trading Practices, Faces Regulatory Scrutiny Over Proprietary Trading Concerns

Crypto.com Denies Allegations of Misleading Trading Practices, Faces Regulatory Scrutiny Over Proprietary Trading Concerns

According to insider sources cited by The Financial Times, Crypto.com, the Singapore-based cryptocurrency exchange platform, allegedly operates an in-house trading and market-making team whose primary objective is to generate profits rather than facilitate trading.

Binance.US Refutes SEC's Attempted Asset Freeze, Vows to Defend Itself in Court

Binance.US Refutes SEC's Attempted Asset Freeze, Vows to Defend Itself in Court

In a recent update, Binance.US, the American affiliate of leading cryptocurrency exchange Binance, provided an encouraging development in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC).

FCA Unveils Guidance on Cryptoasset Promotions Compliance

FCA Unveils Guidance on Cryptoasset Promotions Compliance

The UK's Financial Conduct Authority has issued a finalised non-handbook guidance on Cryptoasset Financial Promotions, aiming to clarify compliance with new laws and balance consumer protection with innovation for long-term economic growth.

Big Banks' Involvement in Drafting the Digital Asset Anti-Money Laundering Act Raises Concerns

Big Banks' Involvement in Drafting the Digital Asset Anti-Money Laundering Act Raises Concerns

The Digital Asset Anti-Money Laundering Act, backed by big banks and introduced by Senators Marshall and Warren, aims to regulate crypto under strict banking laws.

Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2

Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2

Bitwise Asset Management to launch two first-of-its-kind Ethereum Futures ETFs, AETH and BTOP, on October 2. The ETFs offer exposure to CME Ether futures in a regulated format.

Cross-Asset Exchange Platform DIFX Acquires Additional License from EU Regulator

Cross-Asset Exchange Platform DIFX Acquires Additional License from EU Regulator

With the new license from the EU regulator, DIFX is well-positioned to serve clients in European markets.

Google Pairs with Coinbase to Spur Web3 Innovations, Offer Crypto Payments for Cloud Services

Google Pairs with Coinbase to Spur Web3 Innovations, Offer Crypto Payments for Cloud Services

Google has teamed up with crypto exchange Coinbase to allow some of its clients to pay for cloud services using cryptocurrencies.

India Proposes Effective Ban for All Private Crypto Assets, Except a Few In Forthcoming Bill

India Proposes Effective Ban for All Private Crypto Assets, Except a Few In Forthcoming Bill

Most cryptocurrencies appear to be on their last lap in India. The country is set to propose a ban for most digital assets starting at the end of this month.

eBay Joins the NFT Space, Offering Traders a Seamless Experience

eBay Joins the NFT Space, Offering Traders a Seamless Experience

E-commerce giant eBay has entered the non-fungible token (NFT) sector through a strategic partnership with Web3 company OneOf.

FASB Finalizes New Accounting Standards for Crypto Assets

FASB Finalizes New Accounting Standards for Crypto Assets

FASB's new ASU No. 2023-08 mandates fair value measurement for certain crypto assets, enhancing transparency and relevance in financial reporting, effective post-December 2024.

US House Committee Chair Criticizes SEC on Digital Assets

US House Committee Chair Criticizes SEC on Digital Assets

US House Financial Services Committee Chair Patrick McHenry criticized the SEC’s approach to digital assets at an oversight hearing, demanding clear rules for crypto through legislation and pressing SEC Chair Gary Gensler for a definitive answer on whether Ether qualified as a security or a commodity.

Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets

Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets

Fidelity Digital Assets, the crypto arm of investment firm Fidelity Investments found in its new report that many investors consider Bitcoin to be an “aspirational store of value”. The firm believes that the largest cryptocurrency has the properties of a store of value but has yet to be widely adopted.

HK Outlines Regulatory System for Virtual Asset Sector

HK Outlines Regulatory System for Virtual Asset Sector

Measures include a licensing regime for the virtual asset service providers, contemplating the regulation of payment-related stablecoins and providing traditional financial institutions with guidelines on offering virtual asset-related services to clients.

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

The Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants clarifying how to hold digital currencies in segregated accounts.

South Korean Stakeholders Opposes the Proposed "Know-the-Sender" Rule

South Korean Stakeholders Opposes the Proposed "Know-the-Sender" Rule

Some stakeholders are pushing back against the proposed Know-the-Sender (KTS) rule that the South Korean parliament is looking to pass into law.

Earn Additional Yield on Your Crypto20 Investment

Earn Additional Yield on Your Crypto20 Investment

Invictus Capital continues in their pursuit to provide their community with unique wealth creation opportunities.

South Korea Embraces Blockchain: New Digital Asset Act, K-Culture Tokenization, and More

South Korea Embraces Blockchain: New Digital Asset Act, K-Culture Tokenization, and More

South Korea passes the Digital Asset Basic Act, Shinhan Financial Group invests in digital asset custody, and K-culture goes blockchain.

Bitfinex Unveils Zero-Fee P2P Trading in Argentina, Colombia, Venezuela

Bitfinex Unveils Zero-Fee P2P Trading in Argentina, Colombia, Venezuela

Bitfinex has initiated a zero-fee trading feature for market takers on its Peer-to-Peer (P2P) platform in Argentina, Colombia, and Venezuela as of October 11, 2023. This move comes post the recent extension of the P2P service to these regions, aiming to reduce transaction costs, enhance liquidity, and encourage crypto trading. Users can access this facility by logging into their Bitfinex accounts and selecting the P2P option.

Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies.

Citi to Hire 100 Staff Members for Digit Assets Expansion Drive

Citi to Hire 100 Staff Members for Digit Assets Expansion Drive

Citi Group is looking to fill 100 jobs in its digital assets team. The news comes after the bank recently launched a digital assets group as part of its effort to respond to its customer demands for crypto products.

Dubai Police Releases Free NFTs to Enhance Authority

Dubai Police Releases Free NFTs to Enhance Authority

As part of a campaign to showcase security, innovation, and communication values, the Dubai Police has rolled out a set of non-fungible tokens (NFTs) comprising 150 free digital assets.

Monetary Authority of Singapore Sets Up New Institute of Digital Finance for Boosting Fintech and Digital Asset Research

Monetary Authority of Singapore Sets Up New Institute of Digital Finance for Boosting Fintech and Digital Asset Research

The Monetary Authority of Singapore (MAS) has teamed up with the National Research Foundation, and the National University of Singapore to set up a research institute that will develop and support the needs of digital financial services in Asia.

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

The US Commodity Futures Trading Commission (CFTC) announced that the Commission has voted unanimously and has clarified the guidance on the question of the physical delivery of digital assets.

U.S. Prosecutors Aim to Sideline Asset Recovery Talks in Bankman-Fried Trial

U.S. Prosecutors Aim to Sideline Asset Recovery Talks in Bankman-Fried Trial

U.S. prosecutors in Samuel Bankman-Fried’s trial have urged the court to disallow any arguments concerning the recovery of misappropriated FTX customer assets invested in AI startup Anthropic. This development arises as Bankman-Fried's investment could now be of higher value, potentially affecting the recovery prospects for FTX customers amidst the ongoing bankruptcy process.

European Asset Manager Believes Bitcoin is Not Doomed Despite Industry Collapse

European Asset Manager Believes Bitcoin is Not Doomed Despite Industry Collapse

A European asset manager, Amundi, believes that the ongoing cryptocurrency industry collapse does not mean that digital assets like Bitcoin are doomed to fail. Despite BTC's inability to protect investors from rising inflation, its limited supply may still attract attention if inflation remains high.

US House Committees To Hold Joint Hearings On Digital Asset Regulations

US House Committees To Hold Joint Hearings On Digital Asset Regulations

The US House Financial Services and Agriculture Committees, along with the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee will hold joint hearings in May to establish regulatory clarity for the digital asset ecosystem. Representative Patrick McHenry, the House Financial Services Committee chairman, has announced that the hearings aim to establish a bill providing regulatory clarity to the crypto sector, which adds to the work on a bipartisan bill led by crypto-friendly Senator Cynthia Lummis and Senator Kirsten Gillibrand.

Bitwise ETF BITQ Surpasses $100M in Cypto Assets Under Management

Bitwise ETF BITQ Surpasses $100M in Cypto Assets Under Management

Bitwise Asset Management, a leading crypto asset manager, has announced that its Crypto Industry Innovators ETF (NYSE: BITQ) recently surpassed $100 million in assets under management. This milestone comes amid a turning point for the crypto sector, which has seen positive industry developments, strong market performance, and growing investor interest throughout 2023.

DWF Labs Invests $60 Million in EOS Network

DWF Labs Invests $60 Million in EOS Network

DWF Labs, a digital asset market maker, has announced an investment deal worth over $60 million with the EOS Network Foundation. The deal includes a $45 million EOS token purchase agreement and a $15 million pledge to invest in businesses and projects based on EOS. The alliance aims to expedite the expansion and acceptance of the EOS Network, particularly with the launch of its enterprise-grade EOS Ethereum Virtual Machine.

NFT Trading Volume Surpasses $54B, Exceeds 200% in 2022

NFT Trading Volume Surpasses $54B, Exceeds 200% in 2022

The NFT market continues to take the world by storm based on the notable adoption and trading volume witnessed.

German Legacy Bank Hauck & Aufhäuser to Debut Crypto Investment Fund in 2021

German Legacy Bank Hauck & Aufhäuser to Debut Crypto Investment Fund in 2021

Germany’s legacy bank with over 222 years of financial services tradition Hauck & Aufhauser will be launching a cryptocurrency fund in January 2021.

Switzerland Parliament Blockchain Act Reform Validates Crypto and Digital Assets

Switzerland Parliament Blockchain Act Reform Validates Crypto and Digital Assets

The Swiss parliament has revamped and clarified legislation on blockchain technology and digital currencies activity in the country

Fidelity Institution's President Advocates Room for Consumers to Acquire More Crypto

Fidelity Institution's President Advocates Room for Consumers to Acquire More Crypto

Fidelity Institutional boss, Michael Durbin is advocating more crypto allocations for consumers

Wyoming State Says Cryptocurrency Represents Property, Allows Insurers to Include Digital Assets in Investment Portfolios

Wyoming State Says Cryptocurrency Represents Property, Allows Insurers to Include Digital Assets in Investment Portfolios

The US. state of Wyoming has enacted new legislation to allow insurance firms to invest in digital assets like cryptocurrencies. The new law intends to come into effect on 1st July.

Exploring the Basel Committee's Draft on Crypto Asset Exposure

Exploring the Basel Committee's Draft on Crypto Asset Exposure

The Basel Committee has unveiled a draft document detailing the disclosure requirements for banks' cryptoasset exposures. Standardized templates under a new chapter, DIS55, are introduced to ensure consistency in disclosures. The Committee seeks public and market participants' feedback on the draft until January 31, 2024, with an eye towards implementing the requirements on January 1, 2025.

领先的加密资产管理公司Bitwise宣布其加密行业创新者ETF资产管理规模突破1亿美元

领先的加密资产管理公司Bitwise宣布其加密行业创新者ETF资产管理规模突破1亿美元

全球领先的加密资产管理公司Bitwise Asset Management宣布,其加密行业创新产品ETF(纽约证券交易所代码:BITQ)最近的资产管理规模超过了1亿美元。这一里程碑出现在加密领域的转折点,整个2023年,这个领域都见证了积极的行业发展,强劲的市场表现,以及投资者兴趣的增长。

WWE Inks Deal with Fanatics to Offer Fans an Enhanced NFT Experience

WWE Inks Deal with Fanatics to Offer Fans an Enhanced NFT Experience

To render its fans a new experience through non-fungible token (NFT) trading cards, World Wrestling Entertainment (WWE) has signed a deal with digital sports platform Fanatics.

UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards

UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards

The UK is intensifying regulatory standards for crypto exchanges under the Financial Services and Markets Act, aiming for parity with traditional financial services. Exchanges must comply with stringent risk assessments and finance tests, impacting both domestic and offshore entities.

Crypto Assets Surge with Record $2.9B Inflows, Bitcoin Dominates Market

Crypto Assets Surge with Record $2.9B Inflows, Bitcoin Dominates Market

The latest CoinShares report highlights a record-breaking week with $2.9B inflows into digital assets, positioning Bitcoin as the market leader.

Coinbase Calls for Judicial Intervention on SEC's Inaction

Coinbase Calls for Judicial Intervention on SEC's Inaction

Coinbase's Chief Legal Officer, Paul Grewal, has filed a formal response with the U.S. Court of Appeals for the Third Circuit, urging a mandamus order to compel the SEC to act on Coinbase’s rulemaking petition within 30 days, highlighting the SEC's prolonged inaction and the pressing need for regulatory clarity surrounding digital assets.

Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm

Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm

Hong Kong’s Securities and Futures Commission (SFC) has agreed in principle to license the cryptocurrency firm OSL Digital Securities.

Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun

Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun

Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.

Binance Acquired CoinMarketCap: A Huge Boost to the Binance "Super Exchange" Ecosystem

Binance Acquired CoinMarketCap: A Huge Boost to the Binance "Super Exchange" Ecosystem

Binance, one of the largest digital asset exchanges in terms of trading volume and users, has officially announced the acquisition of CoinMarketCap for an undisclosed fee. According to the press release shared with Blockchain.News, the acquisition creates synergies for both companies in boosting cryptoassets adoption to global users.

US Banking System Faces Crypto-Asset Risks, FDIC Warns in 2023 Review

US Banking System Faces Crypto-Asset Risks, FDIC Warns in 2023 Review

Following a March crisis, major banks serving the US crypto sector faced hurdles. The FDIC intervened, highlighting the growing challenges in the evolving crypto landscape.

BlackRock CEO Highlights Digital Assets and Tokenization

BlackRock CEO Highlights Digital Assets and Tokenization

Larry Fink's annual letter to BlackRock highlights the potential of digital assets and tokenization, citing advancements in digital payment solutions for financial inclusion in emerging markets.

Kazakhstan Blocks Coinbase, Citing Digital Asset Law

Kazakhstan Blocks Coinbase, Citing Digital Asset Law

Kazakhstan's Ministry of Culture and Information has blocked Coinbase due to legal conflicts with digital asset regulations, revisiting previous restrictions on other financial platforms.

The Bank for International Settlements Gives CBDCs Full Backing

The Bank for International Settlements Gives CBDCs Full Backing

The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international cooperation with the mandate and support by central banks.

Russia’s Central Bank Will Ban Crypto Issuance and Trading in Upcoming “Digital Financial Assets” Bill

Russia’s Central Bank Will Ban Crypto Issuance and Trading in Upcoming “Digital Financial Assets” Bill

Alexey Guznov, head of the legal department at Bank of Russia, says that the new version of the delayed bill on “Digital Financial Assets” will include a ban on issuance and selling of cryptos in the country.

Tezos Settles Class-Action Lawsuit Over 2017 $232 Million ICO to the Tune of $25 Million

Tezos Settles Class-Action Lawsuit Over 2017 $232 Million ICO to the Tune of $25 Million

Tezos Foundation has settled for $25 million in a class-action lawsuit over its 2017 Initial Coin Offering (ICO) which raised $232 million.

KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain

KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain

KKR plans to tokenize part of its second Health Care Strategic Growth Fund to expand individual investors’ access to private investment vehicles.

CoinShares Acquires Napoleon Asset Management, Expanding into EU Markets

CoinShares Acquires Napoleon Asset Management, Expanding into EU Markets

The deal underscores interesting points about CoinShares. The digital asset firm has bought its rival based in France to double down on European Union expansion.

Galaxy Asset Mgmt Secures FTX  Crypto Sale Bid; Weekly Cap Set at $50M

Galaxy Asset Mgmt Secures FTX Crypto Sale Bid; Weekly Cap Set at $50M

Jeff Dorman, CFA and CIO of Arca, discusses the court-approved sale of FTX's crypto assets by Galaxy Asset Management. The sale is expected to be gradual and opportunistic, with a maximum sale of $50 million per week. Galaxy's goal is to outperform a static portfolio, not converting the estate into a L/S fund. The sales process is expected to be systematic, strategic, and potentially slower than expected.

Norwegian Air Set to Accept Cryptocurrency Payments

Norwegian Air Set to Accept Cryptocurrency Payments

Amazing times ahead for travelers in Norway as Norwegian Airline, one of the largest in Europe is set to accept the use of cryptocurrency as a means of payments for flight booking.

US Congressman Set to Implement the Cryptocurrency Act of 2020

US Congressman Set to Implement the Cryptocurrency Act of 2020

Paul Gosar of the House of Representative introduced the “Crypto-Currency Act of 2020,” on March 9, a bill that is set to choreograph a wide range of digital assets to be liable to the appropriate regulatory bodies and agencies assigned to it.

Ripple’s First Court Date for SEC Lawsuit of XRP Tokens Set for February 2021

Ripple’s First Court Date for SEC Lawsuit of XRP Tokens Set for February 2021

The official pre-trial court date for the US Securities and Exchange Commission’s lawsuit against Ripple for the sale of XRP tokens has been set.

Litecoin Confirms MimbleWimble Test Network Set Later This Year, LTC Price Predictions are High

Litecoin Confirms MimbleWimble Test Network Set Later This Year, LTC Price Predictions are High

Litecoin’s core developer, David Burkett confirmed that the test network for MimbleWimble’s implementation is set for September this year. Litecoin features faster transaction verification times and improved storage efficiency compared to Bitcoin.

ADA Price Surges Over 100% As Cardano Goguen Update Set For March

ADA Price Surges Over 100% As Cardano Goguen Update Set For March

The ADA price surged by over 100% this week and with Cardano’s Goguen update and functional smart contract integration set for March, ADA’s price rally looks far from over

Banks in Brazil Set to Introduce New Payment System to Rival Cryptocurrency

Banks in Brazil Set to Introduce New Payment System to Rival Cryptocurrency

The central bank of Brazil is looking to provide a 24-hour payment system with a speed capacity of 10 seconds via the use of mobile apps, internet banking, and ATMs. Code named PIX, it is set to directly rival the use of cryptocurrency in the country.

Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar

Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar

As the US dollar keeps plummeting, Max Keiser revealed that Warren Buffett has moved his assets out of the US market, setting Bitcoin for its next surge.

Tezos Looks Set to Beat Bitcoin In 2020

Tezos Looks Set to Beat Bitcoin In 2020

Minor cryptocurrency Tezos is making serious gains and is on track to rival bitcoin this year.

First-Ever Real Estate Blockchain Portal Set to Launch in the UK

First-Ever Real Estate Blockchain Portal Set to Launch in the UK

OpenBricks is eyeing to be the world's first blockchain-based portal as it won’t have any centralized authority, as well as many staff because it will thrive on agents’ own servers using a distributed ledger network.

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