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UAE central bank approves licensing system for stablecoins
5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens
Japanese crypto exchange raises $320M to recover funds after major hack
5.6.2024
DMM Bitcoin aims to compensate users for a $320 million loss following a major hack by raising equivalent funds
US political change could expose crypto to $20T industry: Bitwise
5.6.2024
Regulatory uncertainty is holding back the $20 trillion dollar financial advisory industry from investing more in crypto, claims Bitwise investment head Matt Hougan
US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...
Solana emerges as an institutional favorite following PayPal USD launch
4.6.2024
Solana could emerge as a leading blockchain for payments institutions. Is a Solana-based ETF next?
Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says
4.6.2024
Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should...
Roaring Kitty’s $300M GME position sparks market manipulation claims
4.6.2024
The allegations come weeks after Citron Research revealed its short position in GameStop
Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens
4.6.2024
The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The amendments address investment in recognized...
Dubai financial regulator updates crypto token rules for funds
3.6.2024
The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens
EU elections 'wildcard' could pave the way for first Ether ETF
3.6.2024
The outcome of the elections will be a pivotal moment for the implementation of the MiCA regulatory framework and the approval of the first spot Ether ETF
Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses
3.6.2024
The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within...
Crypto Voter Backlash: How Biden’s Veto May Have Cost Him the 2024 Election
2.6.2024
After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded funds (ETFs). However, President Joe Biden...
Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas
2.6.2024
Republican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join...
UBS Raises Gold Price Targets, TRUMP Coin Hits All-Time High, and More — Week in Review
2.6.2024
UBS has raised its gold price forecast from rising central bank demand and geopolitical tensions. Meanwhile, the meme coin TRUMP surged over 30% in 24 hours after former President Trump’s appearance at the Libertarian National Convention, marking a 98,352.40% increase over the last year....
Bitcoin Firm Unchained Partners With University of Texas to Launch $5 Million Bitcoin Endowment Fund
1.6.2024
The financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins. The bitcoin financial services firm also intends...
Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets
1.6.2024
Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores the ongoing tensions between regulators and...
Be persistent with the SEC, says Franklin Templeton digital asset head
1.6.2024
The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator
Survey: 77% Believe Presidential Candidates Should Be Informed on AI and Crypto
1.6.2024
The Grayscale-Harris Poll survey, conducted in April-May 2024, reveals crucial insights into American likely voters’ views on cryptocurrency and its potential impact on the upcoming presidential election. The survey, involving over 2,000 adults, highlights key trends such as high interest...
Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies
1.6.2024
A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide...
New York Tightens Customer Service Regulations for Crypto Companies
1.6.2024
The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory...