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Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report
23.5.2022
Sumitomo Mitsui Trust will set up a digital asset custodian for institutional investors
Middle East Crypto Exchange Coinmena Enters the Qatari Market, Regulator Says No Institution Licenced
23.5.2022
Coinmena, the Bahrain-based cryptocurrency exchange, recently announced that residents of Qatar can now buy and sell cryptocurrencies on its platform. The cryptocurrency exchange claimed it is the first regulated digital asset exchange to open its platform to Qatari residents. Residents Can...
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
23.5.2022
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million. Bitmex’s Arthur...
Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?
22.5.2022
A dollar invested into Bitcoin every month since December 2017 has provided investors a cumulative return of $160
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection
22.5.2022
SWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has partnered with Capgemini, a digital services provider, making a series of experiments to ensure that...
Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says
21.5.2022
President of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has no underlying asset. It should be regulated to prevent people from losing their life savings by speculating on crypto assets, the top ECB official has suggested. Cryptocurrency...
G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation
21.5.2022
The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation...
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank
20.5.2022
Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank...
Stocks Hurt US Households More Than Crypto, Commonwealth Bank Pauses Crypto Plans, Bitcoin PizzaDAO + More News
20.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Stocks Hurt US Households More Than Crypto, Commonwealth Bank Pauses Crypto Plans, Bitcoin PizzaDAO + More News
Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP
20.5.2022
Russia’s parliament, the State Duma, will debate a crypto regulation bill that was formulated by the Ministry of Finance at the start of the year in the coming weeks, a senior MP has claimed....
Read More: Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP
G7 Keeps Pushing for Crypto Regulation, Here's What's Already Happening
20.5.2022
The finance ministers and central bankers of the Group of Seven (G7), which comprises the world’s most advanced economies, have once again called for the rapid introduction of comprehensive regulations of cryptoassets in the aftermath of the recent UST stablecoin crash....
Read More: G7 Keeps...
Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach
20.5.2022
On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show
Commonwealth Bank puts crypto trading trial on ice as regulators dither
20.5.2022
Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty is cleared up
Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations
20.5.2022
Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added. Government...
Indian government's ‘blockchain not crypto’ stance highlights lack of understanding
19.5.2022
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate
Russia to Legalize Crypto for Payments 'In Some Format or Other' - Minister
19.5.2022
As Russia’s brutal invasion of Ukraine continues to weigh on the Russian economy, Moscow will sooner or later decide to legalize cryptoassets as a means of payment, as indicated by the country’s Industry and Trade Minister Denis Manturov.
The official stated that the government is advancing...
Bank of England’s Cunliffe Warns Crypto Will See Tough Times as Federal Reserve Tightens Financial Conditions
19.5.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary policy. Bank of England’s Executive Warns About Crypto Sir Jon Cunliffe, deputy...
Russia will inevitably legalize crypto payments says trade minister
19.5.2022
“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout
18.5.2022
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events...
El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger
18.5.2022
Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed....