Search
Basel Banking Committee Proposes Stricter Guidelines to Classify Stablecoin as Less Risky Than Unbacked Cryptocurrencies
14.12.2023
BIS building in Basel, Switzerland. Source: Adobe/doganmesut The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies. In a recent consultative paper, the international standard...
Former Credit Suisse Executive Launches Crypto Trading Platform for Financial Institutions
14.12.2023
Source: Pixabay A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig. Rulematch has commenced Bitcoin (BTC) and Ether (ETH) spot trading against...
Turkish Banking Titans Move into Crypto Space, Anticipating Upcoming Legislation
14.12.2023
Source: iStock / Muratani As Turkey prepares for new legislation in the crypto sector, major banking institutions in the country are making moves to secure their positions in the digital asset space. Despite uncertainties about the potential strictness of the impending laws, institutional adoption...
Immutable Eliminates Fees in zkEVM Gaming Solution + More News
14.12.2023
Source: Immutable Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Immutable Eliminates Fees in Next-Gen zkEVM Gaming Solution Lufthansa Loyalty Program Onboards New Partners Via Blockchain...
Argentina President Milei Devalues Peso, Receives IMF Praise but No Bitcoin Policy in Sight
14.12.2023
Source: Alexey Novikov / Adobe Argentina’s newly elected libertarian president, Javier Milei, has devalued the nation’s currency, the peso, by over 50% and received praise from the International Monetary Fund (IMF) for his plans to restore Argentina’s economy. However, despite...
Breaking: Ledger Removes Bug Allowing Popular Decentralized Applications To Be Compromised – Here’s the Latest
14.12.2023
Source: iStock / welcomia Multiple popular decentralized applications (dApps) have been compromised following a hack against a popular Web3 connector on Wednesday, numerous software experts confirmed on Thursday. “Do not interact with ANY dApps until further notice,” warned Matthew Lilley, CTO...
Philippine SEC Gives Binance and Other Platforms Operating Without License 3 Months Before Ban
14.12.2023
Source: Adobe Stock The Philippine Securities and Exchange Commission (SEC) has clarified the issues raised over the former advisory to the effect that any unregistered platform will be banned after three months. Speaking at a Dec 13 panel on educating consumers on unregistered exchanges, the head...
Gensler Dodges Crypto Questions After Treasury Market Meeting
14.12.2023
Image Source: CNBC Securities and Exchange Commission (SEC) Chair Gary Gensler appeared reluctant to discuss cryptocurrency during a meeting focused on the U.S. Treasury market, evading a reporter’s question regarding the status of spot bitcoin ETF applications. Gensler’s response came...
Cheating Rampant in Blockchain Chess, Leading to Shutdown of Immortal Game’s Play-to-Earn Features
14.12.2023
Source: AdobeStock / Zdenek Sasek The management team of the blockchain chess game Immortal Game has decided to kill off its non-fungible tokens (NFT) play-to-earn (P2E) features. The reason: widespread cheating. “Our heart lies in chess,” the team said. They aim to make Immortal Game...
Yearn.finance Ask Traders to Return Gains Following $1.4 Million Multisig Error- What’s Going On?
14.12.2023
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor...
Vitalik Buterin Proposes Enshrined ZK-EVM for Enhanced Ethereum Main Chain Efficiency
14.12.2023
Source: ShutterStock Vitalik Buterin, Ethereum’s co-founder, has introduced a conceptual architecture called the enshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) to enhance the main chain’s efficiency. According to Buterin’s latest blog, this proposal of the enshrined...
IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks
14.12.2023
Source: iStock Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international...
Solana-Based Meme Coin BONK Surges 45% after Coinbase Listing
14.12.2023
Source: Adobe Solana-based meme coin BONK has gained more than 45% in the past 24 hours following the announcement of its listing on prominent exchange Coinbase. The move positions BONK as the third-largest meme coin, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB), to be offered on...
SEC Delays Decision on Invesco Galaxy’s Ethereum ETF Until February 2024
14.12.2023
Source: DALL·E The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s spot Ethereum exchange-traded fund (ETF) application, new decision to be made in 2024. According to the SEC’s latest filing, the decision, initially expected by December 23, 2023...
Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan
14.12.2023
Image Source: Shutterstock Gemini Earn creditors could potentially face up to 70% reduction in their promised crypto payouts as part of a proposed reorganization plan. The plan, outlined in an email sent by Gemini Trust on December 13, has now been put up for a vote, leaving creditors with...
Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
South Korea to Prioritize Innovation in Next Phase of Crypto Regulations
14.12.2023
Source: Pexels South Korea’s authorities have expressed a commitment to balance investor protection with fostering technological innovation in next phase of crypto regulations. Kim So-young, Vice Chairman of the Financial Services Commission, emphasized the need for regulations to strike this...
Brazil Expansion Is “Central Focus” for Coinbase
14.12.2023
Source: Rochu_2008/Adobe The crypto exchange giant Coinbase says that Brazil has “become a central focus” in its “global growth strategy.” The Brazilian media outlet Livecoins said Coinbase recognized “Brazil’s growing importance in the cryptocurrency market.” And it said the exchange...
Bitwise Analyst Predicts Bitcoin Price to Trade Above $80K Amid Halvening and ETF Launch in 2024
14.12.2023
Source: Pexels Bitwise’s senior research analyst, Ryan Rasmussen, predicted a new all-time high for Bitcoin price next year, surpassing $80,000. The prediction aligns with the anticipated launch of the first spot Bitcoin ETF and the scheduled halving event in April 2024, identified as pivotal...
Russia Poised to Let Miners Sell Coins Abroad as ‘Exports’
14.12.2023
Source: artiemedvedev/Adobe Russian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said. Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future...