UK Financial Regulator Adds Poloniex to Warning List Amid Recent $100 Million Hack: What’s Going On? Source: AdobeStock / Ascannio The Financial Conduct Authority has added cryptocurrency exchange Poloniex to its warning list of firms that may not be fully authorized to render trading services in the country. In an official publication on Dec 6, the financial regulator warned users from dealing with the company adding that the firm may be […]
SEC’s discussion with Bitcoin ETF issuers has moved into a key stage The SEC is reportedly making significant progress in its discussions with several firms seeking to launch a spot Bitcoin ETF. Reuters reported that discussions have moved into key technical details, and applicants believe it’s potentially leading to the historic approval of the first Spot Bitcoin ETF in the U.S. Currently, there are 13 applications for […]
US Presidential Hopeful Vivek Ramaswamy Criticizes SEC Over Crypto Regulatory Failures Source: Adobe US Republican presidential candidate Vivek Ramaswamy has slammed the Securities and Exchange Commission (SEC) criticizing the current crypto regulatory framework. During the fourth Republican presidential debate at the University of Tuscaloosa on Wednesday, Ramasamy expressed his advocacy for cryptocurrencies. He responded to a question from Eliana Johnson of Washington Free Beacon regarding the […]
Experts reveal tepid changes to stablecoin sector in November In November 2023, the capitalization of the stablecoin sector grew by 3% – from $120 billion to $124.05 billion. According to the Coin Metrics report, such indicators could indicate a steady flow of capital into the market. As can be seen in the graph, this is the first sustained upward jump in the indicator since […]
SEC-registered Heron Finance rolls out robo-advisor built on blockchain Investment consulting firm Heron Finance has unveiled a new robo-advisor built on the Goldfinch protocol aimed at bringing more transparency compared to traditional finance. In a press release on December 5, Heron Finance says the new product leverages blockchain technology to create a “global, interoperable ecosystem of loans from many independent lenders, all using the […]
SEC-registered Heron Finance rolls out robo-advisor built on blockchain Investment consulting firm Heron Finance has unveiled a new robo-advisor built on the Goldfinch protocol aimed at bringing more transparency compared to traditional finance. In a press release on December 5, Heron Finance says the new product leverages blockchain technology to create a “global, interoperable ecosystem of loans from many independent lenders, all using the […]
IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security Source: DALL·E IBM has announced the release of latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected. The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome the challenges associated with traditional methods of cold storage for digital […]
SEC postpones decision on Grayscale’s application for spot Ethereum ETF The U.S. Securities and Exchange Commission (SEC) has delayed the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024. According to the document, Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents. […]
Hong Kong Monetary Authority Set to Launch Second Tokenized Green Bond in Coming Months Source: iStock/Onfokus The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months. The government authority aims to leverage blockchain technology for increased efficiency and transparency in the redemption process, according to a report from Chinese newspaper Ming Pao. Per the report, […]
ARAX Holdings secures 20% stake in Nemesis’ blockchain-driven metaverse ARAX Holdings Corp, a key player in digital asset management, has announced its acquisition of a 20% stake in The Nemesis, a dynamic open-world metaverse platform. The deal, revealed on Dec. 5, also includes an option for ARAX to acquire an additional 11% stake in the future. 🌐ARAX is proud to announce its acquisition of […]
ARAX Holdings secures 20% stake in Nemesis’ blockchain-driven metaverse ARAX Holdings Corp, a key player in digital asset management, has announced its acquisition of a 20% stake in The Nemesis, a dynamic open-world metaverse platform. The deal, revealed on Dec. 5, also includes an option for ARAX to acquire an additional 11% stake in the future. 🌐ARAX is proud to announce its acquisition of […]
SEC Delays Decision on Grayscale’s Spot Ethereum ETF Until January 2024 Source: Pixabay / vjkombajn The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale‘s application for its spot Ethereum exchange-traded fund (ETF), extending the review period with a new deadline set for January 2024. According to the SEC’s latest filing, the commission has now designated Jan. 25, 2024, as the new deadline […]
SEC Is Talking to Bitcoin ETF Contenders—Here’s What It’s Likely Saying The Securities and Exchange Commission appears to be having fruitful discussions with spot Bitcoin ETF applicants. In late November, both crypto asset manager Grayscale and Wall Street titan Blackrock confirmed having meetings with the SEC to discuss their respective Bitcoin ETF applications. Both firms have since submitted amendments to their applications in the form of […]
SEC Is Talking to Bitcoin ETF Contenders—Here’s What It’s Likely Saying The Securities and Exchange Commission appears to be having fruitful discussions with spot Bitcoin ETF applicants. In late November, both crypto asset manager Grayscale and Wall Street titan Blackrock confirmed having meetings with the SEC to discuss their respective Bitcoin ETF applications. Both firms have since submitted amendments to their applications in the form of […]
Ethereum NFT Creators Scramble to Secure Projects From Thirdweb Exploit Some creators of Ethereum NFT projects are scrambling to secure their collections after Thirdweb, a prominent crypto development platform, disclosed issues with its smart contracts late Monday. Thirdweb wrote that a security vulnerability in a “commonly used open-source library for Web3 smart contracts” was discovered, and that it affects pre-built contracts offered by Thirdweb among […]
SEC Pushes for Judge to Classify Crypto as Securities in Terraform Labs Case, Bypassing Jury The SEC pushes for a judge to determine if crypto assets qualify as securities in its court case against Terraform Labs. Image by dennizn, Adobe Stock. The Securities and Exchange Commission (SEC) urged a judge on Monday to decide whether certain cryptocurrencies qualify as securities in its ongoing lawsuit against blockchain company Terraform Labs. In […]
Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems Source: AdobeStock The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both central banks follow the terms of […]
New York Regulator: Crypto ‘Environment That Lends Itself to Illicit Finance’ New York state financial regulator Adrienne Harris argued that crypto’s “element of anonymity” creates an environment in which it can be used in illicit finance. Speaking on a panel at the Financial Times Crypto Winter Summit, Harris, who serves as Superintendent of the New York Department of Financial Services (NYDFS) said that crypto “really is […]
New York Regulator: Crypto ‘Environment That Lends Itself to Illicit Finance’ New York state financial regulator Adrienne Harris argued that crypto’s “element of anonymity” creates an environment in which it can be used in illicit finance. Speaking on a panel at the Financial Times Crypto Winter Summit, Harris, who serves as Superintendent of the New York Department of Financial Services (NYDFS) said that crypto “really is […]
Coinbase urges U.S. lawmakers to bring clear stablecoin regulation as ‘cash is outdated’ The U.S.-based crypto exchange Coinbase is doubling down on its efforts to bring more regulatory clarity for stablecoins. In a blog post on Monday, Dec. 4, 2023 the San Francisco-headquartered crypto exchange noted younger adults feel the “everyday pain points of dealing with the current financial system,” saying stablecoins offer consumers “all the benefits of […]
