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ASIC fires industry warning shot as it sues BPS Financial over crypto promo
25.10.2022
The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
24.10.2022
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew...
Binance acquires crypto asset service authorization in Cyprus
21.10.2022
Binance, a well-known crypto trading platform, on 20 October 2022, announced that Binance Cyprus Limited had been permitted Class 3 registration for being a Crypto Asset Services Provider (CASP). The grant was given by Cyprus Securities and Exchange Commission (CySEC). However, after this...
Binance Wins Registration as Crypto Asset Service Provider in Cyprus
20.10.2022
Cryptocurrency exchange Binance has registered as a Crypto Asset Services Provider (CASP) in Cyprus, according to a blog post
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
20.10.2022
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers...
Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round
20.10.2022
Valkyrie is seeking other ways to raise the money, which it initially said it didn’t really need
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
15.10.2022
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin,...
Finder’s Experts Expect XRP to Spike to $3.81 by 2025 if Ripple Wins SEC Lawsuit
14.10.2022
Following the recent ethereum price predictions report, 55 crypto and fintech experts chosen by the product comparison web portal, finder.com, shared their forecasts associated with the crypto asset xrp, often referred to as ripple. Finder’s experts believe xrp could spike to $3.81 per unit...
Crypto Asset Manager BlockTower Launches $150M Venture Capital Fund: Report
13.10.2022
The crypto-focused asset management firm will back DeFi and infrastructure projects
Many crypto asset activities pose 'novel risks' to banks, says Fed vice chair for supervision
12.10.2022
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies
Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage
10.10.2022
Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues...
Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022’s Largest Retarget Increase
10.10.2022
Bitcoin’s mining difficulty reached an all-time high on October 10, which means it’s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September 27, the network’s mining difficulty increased 13.55% higher at block height...
Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day
5.10.2022
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower...
Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker
5.10.2022
Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected...
Top US Regulators Urge Congress to Pass Legislation on Crypto Assets
5.10.2022
The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial...
Basel Committee crypto asset prudential treatment proposals get detailed responses
4.10.2022
The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation
SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax
3.10.2022
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans...
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets
1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...
Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils
1.10.2022
New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services...
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
30.9.2022
The first survey of its kind may influence crucial global standards on bank capital for crypto