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.
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
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
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 are expected to reach $40 million by 2027 as the metaverse trend continues gaining steam, according to a report by Juniper Research.
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.
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.
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.
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.
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 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 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, 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 leverages tokenised securities, merging traditional investment instruments with digital assets to reshape investment paradigms.
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 funds see $2bn inflows in May, Ethereum sentiment turns positive.
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) finalizes Standard Custody acquisition, appoints Jack McDonald as SVP of Stablecoins, enhancing its financial infrastructure.
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 introduces Alloy, a new digital asset backed by Tether Gold (XAU₮), offering stability and security in the digital economy.
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, 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) is spearheading the evolution of game economies with Web3 technology, unlocking new revenue streams and true digital asset ownership for players.
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 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
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 Operations Limited and BTguru have signed an MoU to enhance digital asset education initiatives in Türkiye, fostering blockchain and peer-to-peer technology awareness.
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
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 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
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
Tether appoints Philip Gradwell, former Chief Economist at Chainalysis, as Head of Economics to enhance communication with regulators and stakeholders.
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
Learn how to build and launch an efficient blockchain payments solution, covering wallet infrastructure, ecosystem partners, and operational workflows.
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 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) 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 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 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
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 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
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 Head of Digital Assets Research, Matthew Sigel, shares market insights and analysis on cryptocurrencies and digital asset technologies.
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 announces a new campaign allowing users to earn USDC rewards by converting digital assets through Binance Pay.
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
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 investment products see $436M inflows after $1.2B outflows, driven by market expectations for interest rate cuts.
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.
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
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 has integrated IOTA EVM, allowing secure storage, transfer, and management of IOTA tokens for institutional users, enhancing the digital asset ecosystem.
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.
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 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.
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, 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.
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'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
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.
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.
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.
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 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.
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.
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.
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.
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
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
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.
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 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
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.
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'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.
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.
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.
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.
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.
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 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.
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
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.
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.
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
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
Russian President Vladimir Putin has signed a bill addressing the ban on the use of digital financial assets (DFA) for payments
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.
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.
World Economic Forum Releases GSMI Global Blockchain Standards
The World Economic Forum (WEF) has released blockchain standards dubbed the Global Standards Mapping Initiative (GSMI).
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.
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
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
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.
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.
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 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
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.
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.
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.
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
Kampton comes with in-depth professional experience that will enable JPMorgan to develop its digital asset and blockchain division.
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.
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.
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.
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.
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.
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.
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 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.
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
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.
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
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
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, 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.
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
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.
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
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.
Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand
Grayscale Investments LLC has announced plans to explore other digital assets.
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
Société Générale has introduced EUR CoinVertible, a euro-pegged stablecoin, marking a significant shift in the integration of traditional finance with digital assets.
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 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.
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.
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.
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
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
Russia has published a proposal that sets strict limits on the amounts of digital assets acquired by non-professionals investors in a year.
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.
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.
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.
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.
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 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.
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
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.
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 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
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 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 U.S President, Joe Biden has set up a new framework on how cryptocurrency will be traded and regulated in the U.S
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.
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
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 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 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.
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.
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.
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
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’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'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 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 (BTC) dipped after Gary Gensler said that it was a challenge for the SEC to keep cryptocurrency markets free of fraud.
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.
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
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
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.
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.
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.
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.
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.
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.
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 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 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.
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).
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 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.
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
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.
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.
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 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.
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.
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.
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.
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
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.
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 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
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.
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.
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.
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.
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.
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.
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's Press Sec Karine Jean-Pierre said the administration is monitoring the FTX saga
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
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.
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.
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.
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
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.
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.
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
The UK has introduced a bill to classify cryptocurrencies and NFTs as personal property, enhancing legal protections for owners and clarifying their legal status.
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.
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.
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.
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 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.
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.
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's annual return stands at 663.7%, performing much stronger compared to Bitcoin’s 195.5%.
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’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
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 has grown at an alarming rate in the decentralized finance (DeFi) industry by hitting $10.5 billion so far this year.
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.
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
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.
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
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 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.
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.
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.
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.
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.
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.
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.
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'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 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
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.
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
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 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.
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.
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.
Fidelity Institution's President Advocates Room for Consumers to Acquire More Crypto
Fidelity Institutional boss, Michael Durbin is advocating more crypto allocations for consumers
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.
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.
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.
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's Ministry of Culture and Information has blocked Coinbase due to legal conflicts with digital asset regulations, revisiting previous restrictions on other financial platforms.
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.
Fidelity Digital Assets Demystifies Common Misconceptions Surrounding Bitcoin
Fidelity Digital Assets, the US-based crypto arm of Fidelity, has taken it upon itself to debunk common misconceptions revolving around Bitcoin.
ANNA Develops New Technology Strategy On Digital Assets
ANNA, a mnemonic for the Association of National Numbering Agencies apprised the public that it has developed a new technology task force on digital assets which will help to investigate the identification of digital assets in the likes of tokens and cryptocurrencies, blockchain technology.
Crypto Assets Conference 2020B
On October 29-31, 2020, the Frankfurt School Blockchain Center is organizing the Crypto Assets Conference (CAC) for the fourth time. Blockchain technology was born through the invention of Bitcoin and has since then created hundreds of digital assets and spurred the development of business models building on decentralized networks. Together with executives, founders, investors and representatives from public authorities the conference covers both the public blockchain (crypto assets) and the enterprise blockchain domain (DLT). The CAC makes the audience familiar with the current trends in DLT, blockchain and crypto assets.
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.
Mastercard VP On Blockchain, Digital Assets and CBDC: “Everything Ends in Transactions and Payments”
Ashok Venkateswaran, Mastercard’s Blockchain and Digital Assets Lead, Asia Pacific shares insights on the payment giant's new blockchain and digital initiatives.
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.
Ripple Official Says Blockchain and Digital Assets like XRP Will Transform The Finance Industry
Ripple's Ken Weber explains how financial inclusion can be achieved with blockchain and digital assets like XRP.
US Treasury Department Warns Regulators of Potential Risks of Digital Assets
The Financial Stability Oversight Council (FSOC) of the US Treasury Department has released its annual report with a crucial warning of digital assets disruption.
Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund
Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.
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