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3AC allegedly liable for $2.8B in creditor claims
19.7.2022
The amount is likely understated as many of 3AC's borrowing details remain confidential
Singapore's financial watchdog pushes back against Terra and 3AC associations
19.7.2022
According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated" by Singapore's financial watchdog
Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration
19.7.2022
India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international...
Liquidity protocol uses stablecoins to ensure zero impermanent loss
19.7.2022
The cross-chain liquidity protocol has put special focus on user experience with a simple user interface without them having to deal with complex virtual networks
Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function
19.7.2022
The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central...
Data points to a Bitcoin bottom, but one metric warns of a final drop to $14K
18.7.2022
The bear market is far from over, but according to Glassnode, several metrics suggest that Bitcoin capitulation already occurred
Total crypto market cap reclaims $1 trillion as Bitcoin, Ethereum and altcoins breakout
18.7.2022
The crypto market capitalization pushed above $1 trillion after notable weekly double-digit gains from BTC, ETH and several large cap altcoins
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
18.7.2022
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022
Coinbase secures crypto asset service provider approval in Italy
18.7.2022
Coinbase started providing its cryptocurrency services in Italy a while ago, offering Coinbase card services in the country as of June 2019
Crypto recaptures $1 trillion market cap: BTC hits $22K, ETH 'giga mooning'
18.7.2022
The total market capitalization for all of the cryptocurrencies has surged past $1 trillion in a day of big green candles
India needs global collaboration to decide on crypto's future, says finance minister
18.7.2022
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says
18.7.2022
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking...
Paraguayan Senate Approves Cryptocurrency Bill
18.7.2022
The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in...
Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, FTT, ETC
17.7.2022
Bitcoin’s attempt to form a bottom has lured altcoin traders to focus on ETH, MATIC, FTT and ETC
Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds
17.7.2022
A majority of the financial pyramids identified in 2022 used cryptocurrencies in one way or another, Russia’s central bank announced in a new report. Amid Western sanctions, Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access...
Sri Lanka’s Central Bank Warns About Crypto Amid Severe Economic, Political Crisis
17.7.2022
Sri Lanka’s central bank issued a warning regarding the use of cryptocurrencies amid a devastating economic and political crisis. The central bank stressed that it “has not given any license or authorization to any entity or company to operate schemes” involving...
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’
17.7.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on with the job” and regulate crypto under the principle...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto
16.7.2022
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide...
MiCA and ToFR: The EU moves to regulate the crypto-asset market
16.7.2022
The EU crypto regulation: With the main topics approved, who is affected and what are the possible impacts on the crypto industry?
Time to accumulate? 5 sectors to watch during crypto winter
15.7.2022
Crypto prices have dropped to multiyear lows, raising the question of which assets from which subsectors are ready for accumulation