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Bitcoin Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians
19.10.2023
Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust
Can we safely turbocharge asset swapping across exchanges by going off-chain?
19.10.2023
In the realm of blockchain technology, the quest for a higher transaction per second (TPS) rate is considered paramount for the continued success of any project. Similarly, the allure of accelerated asset swapping across different exchanges is undeniable; however, the intrinsic mechanisms of block...
UAE emirate launches new free zone for digital assets, Web3 and AI
19.10.2023
Ras Al Khaimah, known for its rich cultural sites, is turning to the virtual assets sector to diversify its economy away from traditional avenues such as tourism
Pennsylvania State House Committee Passes Bill on ‘Reporting Requirements’ for Crypto Miners
19.10.2023
The Environmental Resources and Energy Committee of the Pennsylvania General Assembly recently passed a bill which proposes “reporting requirements for qualifying crypto-asset mining operations.” Sponsor of the draft legislation Greg Vitali said the bill “doesn’t prohibit...
FTX Estate Proposes Recovery Plan With 90% Asset Return Expected
19.10.2023
The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...
Fidelity Submits Updated Spot Bitcoin ETF Application
19.10.2023
Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have stood in the way of approving the investment product....
European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset
19.10.2023
The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented....
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin
19.10.2023
Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs
Inspector General wants FDIC to refine crypto risk assessment process, guidance
18.10.2023
The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found
Elizabeth Warren and 100 Lawmakers Push Biden on Crypto-Terrorism Action, Despite Less Than 1% Illicit Use
18.10.2023
Elizabeth Warren, the Democratic senator from Massachusetts, is alarmed by the potential of crypto-fueled terrorism. She has rallied over 100 policymakers and approached the Biden administration, urging the executive branch to tackle this pressing issue. The news follows Warren’s recently...
Lightning Labs Rolls Out 'Taproot Assets,' to Make Bitcoin 'Multi-Asset' Network
18.10.2023
Taproot Assets will give developers "the tools needed to make Bitcoin a multi-asset network, but in a scalable manner," according to Lightning Labs
SEC to Intensify Crypto Market Monitoring and Examinations
18.10.2023
The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding, trading in,...
Tokenized Real-World Asset Market to Hit $10 Trillion By 2030, 21.co Projects – Can RWAs Power Ethereum (ETH) to Multi-Trillion Market Cap?
18.10.2023
The market capitalization of tokenized real-world assets (RWAs) could balloon to as much as $10 trillion by the end of the decade in a bullish scenario, argued digital asset management company 21.co in a recently released report.
Even in a bearish scenario, the market cap of tokenized RWAs will...
Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
South Korean regulator outlines steps to enhance digital asset legislation
17.10.2023
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said
Digital Asset Products Notch Third Consecutive Weekly Inflow, Attract Over $15 Million
17.10.2023
Cryptocurrency products recorded inflows for the third consecutive week signaling improved sentiment from institutional investors after a shaky start to the year.
A new CoinShares report on Oct 16 tracking weekly flows into cryptocurrency investment products shows a win for the market, an uptick...
FTX Customers May See 90% Asset Return by Q2 2024 in Amended Proposal
17.10.2023
Customers of the now-bankrupt cryptocurrency exchanges FTX and FTX.US are looking forward to the possibility of reclaiming more than 90% of their assets as part of an amended proposal.
This plan aims to return funds that were held by the exchange before its collapse in November of the previous...
SEC plans scrutiny of crypto dealer-brokers, transfer agents, per 2024 exam guide
16.10.2023
The SEC sets examination priorities based on feedback from examiners and input from investors and the industry
Acme Introduces an Intent-Based Network to Simplify Blockchain Transactions
16.10.2023
PRESS RELEASE. Acme, founded by Nilesh Khaitan (ex-head of crypto, Venmo-PayPal), is building an intent-based network to simplify on-chain transactions to #OneTap. Acme’s experience makes on-chain transactions accessible to non-crypto natives, and empowers developers to simplify and secure...
Bitcoin Gains Spark Bullish Call of ‘$15T Asset;’ BTC Forks Jump
16.10.2023
One bull said bitcoin is “more valuable than gold” and will become a $15 trillion asset