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Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022
26.12.2022
Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year, […]
New Report: North Korea has Stolen In Excess of $1 Billion Worth of Crypto Assets
24.12.2022
Hackers sponsored by the North Korean government have stolen over $1 billion worth of digital assets since 2017.
South Korea’s main spy agency, the National Intelligence Service, has revealed that North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in crypto assets over...
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
3.12.2022
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty...
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets
3.12.2022
The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital through coins and tokens. Uzbekistan...
International Monetary Fund Calls For Increased Regulation of African Crypto Markets, Says ‘Risks From Crypto Assets are Evident’
25.11.2022
The International Monetary Fund (IMF) has called on African countries to opt for more crypto regulations citing the recent collapse of cryptocurrency exchange FTX.
In a November 22 blog, the financial agency, which works to achieve sustainable growth and prosperity for all of its 190 member...
Hackers Steal $42 Million Worth of Crypto Assets from Fenbushi Capital Founder Bo Shen – This is What Happened
24.11.2022
Hackers have stolen as much as $42m worth of crypto from a wallet controlled by the prominent blockchain venture capitalist Bo Shen, founder of Fenbushi Capital.
The news of the theft was shared by Bo Shen himself on Twitter on Wednesday, with Shen saying the theft happened from his personal...
New York Attorney General Urges Congress to Prohibit Retirement Investments in Crypto Assets
24.11.2022
New York Attorney General Letitia Games has urged lawmakers to ban the use of crypto assets as an investment option for retirement accounts.
In a November 22 letter penned to members of Congress, James claimed that US lawmakers need to protect workers’ retirement funds from high-risk crypto...
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
24.11.2022
The Binance fund will be open to contributions from other industry players
Investors Short Crypto Assets as Industry Scrutiny Intensifies
21.11.2022
Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains
16.11.2022
Most digital assets trade lower on Wednesday as another crypto firm gets hit by the FTX contagion. Some analysts see enduring interest from institutional investors – possibly at an even lower entry price than previously contemplated
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
11.11.2022
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator...
MiCA proponent cites FTX in advocating for regulation: 'Crypto assets are not play money'
9.11.2022
"With a global MiCA, the FTX crash would not have happened," said European Parliament economics committee member Stefan Berger
MiCA legislation good news for crypto players: Binance Europe VP
8.11.2022
The European Union’s Markets in Crypto-Assets legislation could create an easier environment for exchanges to operate in, according to Binance’s VP of Europe
Dogecoin Jumps 116% Higher in 2 Weeks, King of Meme Coins Outperforms Leading Crypto Assets
5.11.2022
Dogecoin, the king of meme coins, has been one of the best performing crypto assets during the last 30 days and ever since Elon Musk took over Twitter. Statistics show that dogecoin has risen 116.3% against the U.S. dollar during the last two weeks, and the token has situated itself in the eighth...
Analyzing What's Next for Europe's Markets in Crypto Assets Law
2.11.2022
Under the recently agreed text from the European Parliament, providers of crypto services – which means anything from trading to custody to fiat exchanges – will need a license and be monitored by a financial regulator from one of the EU’s member states
WisdomTree's Q3 Crypto Assets Under Management Falls 36% to $178M
28.10.2022
WisdomTree's average crypto asset holding during the third quarter of this year fell by $87 million qoq to $178 million, according to Friday's earnings report
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...
South Africa Classifies Crypto Assets as Financial Products
19.10.2022
The move brings digital assets more under the purview of the country’s regulators
OECD Releases New Global Tax Reporting Framework for Crypto Assets
10.10.2022
The framework's scope will include stablecoins, crypto derivatives and certain NFTs
EU Council Endorses Markets in Crypto Assets (MiCA) Legislation
6.10.2022
Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation...