5 / 13 Relevant items tagged with #CryptoAssets
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UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
[Feb 20, 2024 12:55 AM] UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report.
Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
[Feb 19, 2024 3:47 AM] Japan's cabinet approved a bill adding crypto to the list of assets the nation's investment funds and venture capital firms can acquire.
Crypto Token Unlocks To Cross $700 Million In February 2024, Here Are The Culprits
[Feb 5, 2024 5:00 AM] February is set to be a hot point for crypto assets, with several cryptocurrencies set to release over $800 million worth of assets during the month. According to data from TokenUnlocks, 26 crypto projects are set to carry out token unlocks in…
Cryptocurrency Regulations Set to Help Minimize Risks Associated With Crypto Trading — Turkey Finance Minister
[Jan 12, 2024 5:00 AM] Mehmet Simsek, the Turkish Finance Minister, recently revealed that a draft of his country’s crypto regulations is now in the final stage. Simsek said that once they come into force, the new regulations will help minimize the risks that are…
Goldman Sachs Exec Predict Massive Growth For Digital Assets In 2024
[Dec 30, 2023 2:50 AM] Head of Digital Assets at Goldman Sachs, Matthew McDermott, has projected a massive growth in the cryptocurrency market in 2024. McDermott shared these positive predictions in a recent interview with Fox Business, expressing much optimism in the…
Securities Regulators’ Association Calls for the Identification of Individuals Who Exercise Control Over Defi Platforms
[Dec 27, 2023 6:30 AM] The International Organization of Securities Commissions (IOSCO) has urged regulators seeking to understand decentralized finance (defi) arrangements to identify individuals who “exercise control or sufficient influence at the enterprise…
Bitcoin Solidifies Lead Over Ethereum in 2023 — Dominates in Market Cap, NFT Sales, and Fee Generation
[Dec 23, 2023 10:00 AM] In the past year, the leading cryptocurrency, bitcoin, has eclipsed ethereum in multiple key areas. From the beginning of the year to date, the value of ether has diminished by 27.65% relative to bitcoin’s price, falling from 0.073 ether to…
Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon
[Dec 22, 2023 2:30 PM] The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The company, which oversees the pax dollar (USDP), anticipates that Solana-issued USDP will be publicly available…
Report: South African Financial Institutions Will Soon Offer Services Related to Cryptocurrencies
[Dec 13, 2023 5:00 AM] About 73 applicants who are seeking a license to offer crypto products in South Africa are already registered as accountable institutions with the Financial Intelligence Centre, an executive at the crypto exchange Luno has said. According to the…
Stablecoin Supply Turning Positive and Rising Protocol Fees Among Key Narratives in 2023 — Study
[Dec 10, 2023 10:30 PM] During Q4 of 2023, the stablecoin supply available to invest in crypto assets was $3.8 billion. This is the first time the net supply of the top five stablecoins has turned positive in nearly two years. In 2023, zero-knowledge (ZK) technology…
SEC Warns Crypto Investments Can Be ‘Exceptionally Risky’
Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge
[Dec 10, 2023 10:30 AM] Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against…
Meme Coins Surge in Value, Gaining $6.7 Billion in a Month With BONK, PEPE, and SHIB Leading the Rally
[Dec 9, 2023 2:30 PM] Meme coins have been on a tear over the past month, increasing by $6.7 billion and 39.18% since Nov. 8. While bonk (BONK) led the pack this past week, rising 153% against the U.S. dollar, several other meme coins like dogecoin, shiba inu, and pepe…
This Week’s Biggest Gainers and Losers: BONK, ORDI, BTT Lead Triple-Digit Growth in Booming Crypto Market
[Dec 8, 2023 10:30 AM] In the last week, bitcoin’s value surged by over 14% while ethereum also experienced a notable 13% increase against the U.S. dollar. Alongside these top contenders, a considerable number of other cryptocurrencies have also enjoyed…
Bitcoin Taps $44,000, Surpassing Meta and Berkshire Hathaway in Market Capitalization
[Dec 5, 2023 1:13 PM] On Tuesday, bitcoin’s price soared past the $44,000 mark, peaking at $44,011 per unit. In the last month, the leading cryptocurrency by market capitalization has seen a surge exceeding 24%, and 17% in just the past two weeks. Bitcoin Breaks…
Microstrategy’s Bitcoin Investment Flourishes, Netting $1.6 Billion Profit
[Dec 3, 2023 9:30 PM] Recent statistics reveal that Microstrategy, a company known for its business intelligence, mobile software, and cloud services, has seen a significant increase of over 30% in its bitcoin investments. The company invested a total of $5.314 billion…
South African Crypto Exchanges Revix and Bitfund Merge With Austrian Digital Asset Platform
[Dec 3, 2023 2:30 AM] Two South African crypto platforms and an Austria-based digital asset platform have joined forces to launch a new alternative investment platform called Altify. The goal of the new outfit is to enable South African investors, particularly the…
KPMG and Chainalysis Partner to Enhance Crypto Fraud Detection and Compliance
[Nov 22, 2023 5:00 PM] KPMG in Canada and Chainalysis have entered into a strategic partnership aimed at strengthening efforts against crypto asset fraud. This alliance, marking KPMG’s entry into the Chainalysis Solution Provider program, is focused on providing…
Surging Altcoins Eclipse Bitcoin’s Gains, Sparking Buzz of an Imminent ‘Alt Season’
9% of French Adults Now Invested in Crypto Assets, AMF Survey Reveals
[Nov 12, 2023 11:00 PM] Amidst the global wave of new retail investment, France’s Autorité des Marchés Financiers (AMF) has observed a significant uptick in the number of individuals holding crypto assets. A study conducted by the AMF, supported by the Technical…
Smart Contract Platform Tokens Command 26% of Crypto Economy Amidst Market Gains
Nigerian Fintech Startup Vella Finance Drops Crypto-Related Services
[Oct 31, 2023 5:30 AM] The Nigerian fintech Vella Finance recently informed users and subscribers that it would stop offering crypto related services starting on Oct. 30. According to co-founder Tolu Adedayo, offering crypto and banking services at the same time is not…
Hackers Steal $4.4 Million From 25 Users of Lastpass Password Management App
[Oct 29, 2023 4:30 PM] Digital assets worth approximately $4.4 million were reportedly stolen from more than 80 addresses belonging to 25 users of the password management app Lastpass. Crypto theft investigator Zachxbt has urged crypto asset holders using the password…
UK Issues Over 200 Alerts Against Crypto Firms Allegedly Breaking Promotion Rules
[Oct 26, 2023 7:30 PM] Britain’s Financial Conduct Authority (FCA) has issued hundreds of alerts regarding companies “illegally promoting crypto assets to U.K. consumers.” The regulator also highlighted several “common issues” with crypto promotions it has identified
Galaxy Expects Spot Bitcoin ETF to Push BTC Up by 74% in First Year
[Oct 26, 2023 4:00 AM] A spot-based bitcoin exchange-traded fund (ETF) would attract significant capital and boost the price of BTC by 74% in the first year after launch, according to Galaxy Digital. The estimate comes amid rising anticipation that the U.S. securities…
Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit
[Oct 25, 2023 4:45 PM] Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach…
People’s Bank of China Governor Vows to Curb Crypto Speculation
[Oct 23, 2023 1:30 AM] The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial…
Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products
[Oct 22, 2023 9:30 PM] The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities…
Crypto Exchange Coinbase Chooses Ireland as EU MiCA Hub
[Oct 20, 2023 8:00 PM] U.S. cryptocurrency exchange Coinbase has selected Ireland as the main regulatory hub for its operations across the European Union. The company hopes to obtain a license in Ireland that will allow it to provide services in EU member states under…