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Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision
6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...
Bittrex Global CEO Supports UK Treasury’s Crypto Regulation Steps – Here’s the Latest
6.11.2023
Bittrex Global CEO Oliver Linch has voiced support for the UK Treasury’s recent crypto asset regulation proposals, arguing that they could help the country achieve its goal of becoming a leading hub for digital assets. In a recent interview, Linch, a former solicitor at Shearman &...
Crypto portfolio management platform MC2 Finance joins Cointelegraph Accelerator
5.11.2023
Decentralized crypto wealth management platform MC2 Finance becomes the latest participant of the Cointelegraph Accelerator program
Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’
4.11.2023
Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual asset firms within the DIFC will now be able to incorporate...
Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon
4.11.2023
The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at $0.917 per coin. Aave’s Liquidity Committee aims...
LedgerX highlights CFTC regulatory gap in customer asset rules
4.11.2023
The new CFTC proposal enhances rules for FCMs and DCOs, mandating high liquidity in customer fund investments
Web3 Pioneer Treehouse Dives Into NFT Analytics with Origins Acquisition
3.11.2023
Web3 data firm Treehouse has announced its acquisition of Origins Analytics, with the goal of expanding into NFT analytics. In a press release released on Thursday, the Singapore-based Treehouse said that it had completed the intellectual property acquisition of Origins to “bolster...
Asset Manager ProShares Introduces SETH ETF for Profiting from Ether Price Drops
3.11.2023
Major US-based Exchange Traded Fund (ETF) provider Proshares has just launched a new short Ether (ETH) product. The new ETF, called the ProShares Short Ether Strategy ETF with the ticker $SETH, will allow investors to profit as the price of Ether declines. Ether is the native currency that powers...
Bitcoin’s Value Can Outpace Gold, Says Fidelity Executive
3.11.2023
Bitcoin (BTC) may be a form of “exponential gold” capable of outperforming the precious metal in times of high inflation, wrote Fidelity’s Global Macro Director Jurrien Timmer on Wednesday. In a series of threads posted on X this week, Timmer outlined how Bitcoin’s...
Injective integrates Kava for stable asset interoperability
3.11.2023
Injective has announced integrating Kava to boost access to stable assets like USDt. The development comes against the backdrop of Injective securing an association with the Tether Foundation. The integration entails two aspects: Direct IBC bridging of USDt into the ecosystem of Injective, with...
Bitcoin Miners Record 10% Stock Growth As Asset’s Price Surge
3.11.2023
The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers. Bitcoin miners have recorded over 10% stock growth as the asset’s price trades near $35,000, close to its 17-month high. ...
Ripple to power Georgia’s central bank digital currency, the digital Lari
3.11.2023
The National Bank of Georgia will use the CBDC platform to assess Digital Lari's benefits for the government, businesses, and retail users
Cathie Wood Bets on Bitcoin Over Gold and Cash as Deflation Hedge for Next Decade
3.11.2023
Cathie Wood has reiterated her confidence in Bitcoin as the go-to asset as hedge against deflation over the next decade. Wood picked Bitcoin over traditional safe havens like gold or cash. Wood believes that deflation is on the horizon, despite the markets’ current focus on heightened...
CoinStats Unveils Chain Activity for Enhanced Airdrop Farming Wallet Insights
2.11.2023
CoinStats introduces enhanced airdrop farming analytics with its latest feature. Image by Malchev, Adobe Stock.Digital asset management platform CoinStats has introduced a new feature called “Chain Activity” to give users more comprehensive insights into their cryptocurrency wallet...
October’s NFT Market Contracts Over 21%, With Ethereum’s Share Shrinking by $35 Million
2.11.2023
October proved to be a beneficial period for the broader crypto asset landscape; however, it cast a shadow on the non-fungible token (NFT) sector, witnessing a 21.64% dip in sales. Ethereum’s NFTs took the lion’s share, amassing $171 million out of the $313 million total, despite...
FCA releases guidance for compliance with new UK crypto asset promotion rules
2.11.2023
The regulator has made a few efforts to help crypto firms comply with the rules that came into force on Oct. 8
Marathon Digital Starts Methane Gas-powered BTC Mining Project
2.11.2023
Marathon Digital , a BTC mining company, has launched a pilot mining initiative in Utah, leveraging methane gas produced from landfill waste to generate the power needed for their mining operations. The company announced on Thursday in a press release that it had entered into an agreement with...
Dubai Moves Forward with Crypto Adoption as WadzPay Secures VARA Initial Approval
2.11.2023
  On October 31, the Dubai Virtual Assets Regulatory Authority (VARA) gave “Initial Approval” to WadzPay signifying a noteworthy stride towards broadening crypto adoption in Dubai. The approval is part of WadzPay’s progress toward achieving a comprehensive Virtual Asset...
Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact
2.11.2023
Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives
Hong Kong issues rules for asset tokenization as interest mounts
2.11.2023
Hong Kong's securities regulator, the SFC, treats tokenized securities like traditional securities, subject to the same legal and regulatory norms