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Australian stock exchange officially abandons blockchain plans: Report
19.5.2023
ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors
Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO
19.5.2023
Bittrex Global CEO, Oliver Linch, believes crypto conferences won't exist in 5-10 years as crypto would just become a part of traditional finance
Singaporean family office to set up digital bank in Bahrain
18.5.2023
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance
Chinese State-Owned Greenland Eyes Hong Kong Virtual Asset Trading License
18.5.2023
Chinese state-owned real estate firm Greenland Holdings has expressed interest in joining Hong Kong's digital assets hub.
A May 17 report by South China Morning Post (SCMP) revealed that Greenland is creating a new unit to acquire virtual assets trading licenses in Hong Kong.
The firm’s fintech...
Regulatory Battle: Grayscale Challenged by SEC’s Designation of Filecoin as Security
18.5.2023
Grayscale Investments, the largest digital currency asset manager by assets under management, made an announcement on May 17 regarding a comment received from the U.S. Securities and Exchange Commission (SEC). According to the SEC, the crypto asset filecoin qualifies as a security under federal...
Pakistan to Ban Online Services Related to Cryptocurrencies
18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...
China state-owned Greenland to apply for Hong Kong virtual asset trading license
17.5.2023
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says
Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms
17.5.2023
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto...
Crypto community reacts to Ledger wallet's secret recovery phrase service
16.5.2023
Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea
Updated European tax directive requires reporting on all crypto asset transfers
16.5.2023
DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules
SDM Financial to Present Informative Webinar on Digital Asset Derivatives for Miners, Funds, and HNWIs
16.5.2023
PRESS RELEASE. SDM Financial is thrilled to announce an upcoming webinar focused on digital asset derivatives, taking place on Tuesday, May 23, 2023, at 10:30AM EDT. The webinar is tailored to provide digital asset mining firms, crypto-focused funds, and digital asset investors with valuable...
CoinShares Report: Digital Asset Fund Outflows Reach $200 Million
16.5.2023
Crypto-backed investment funds saw net outflows for the 4th consecutive week last week, bringing the total outflows for the 4-week period to $200 million, CoinShares’ latest crypto fund flows report showed.
For last week alone, outflows from crypto-backed funds reached $53.8 million, approximately...
J’JO’s Crypto Index Investing: Protecting Portfolios From Risks and Increasing Returns
16.5.2023
The global crypto market is expanding steadily despite recent bearish sentiments. Over 119 million people worldwide started owning cryptocurrencies in 2022, marking a 39% rise in total ownership. It reflects a growing demand for alternative payment methods and investment instruments. More people...
Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility
16.5.2023
Crypto-friendly Signature Bank “significantly’ cut back on digital asset deposits in the wake of increased volatility and regulators' concerns at the end of last year, said the former chairman and co-founder of the now-shuttered bank.
“Unfortunately, a series of truly extraordinary...
Digital asset market shrinks as fund outflows reach $200M: CoinShares
15.5.2023
According to CoinShares, digital asset investment products saw outflows totaling $54 million last week
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
15.5.2023
The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say
Bitcoin a top-3 asset in the event of US debt default: Survey
15.5.2023
Bitcoin would be a more popular safe haven than the U.S. dollar, the Japanese yen or the Swiss franc, according to a new survey
10T Private Equity Firm Seeks $200 Million for New Crypto Startup Investment Fund
12.5.2023
Crypto-focused investment firm 10T Holdings is launching a new digital-asset startup investment fund seeking to raise $200 million from investors.
The new venture, dubbed TenSquared Capital, or 10SQ, aims to back digital asset startups at various stages of growth, Bloomberg reported, citing people...
$1.4 Trillion Asset Management Firm Franklin Templeton Announces Blockchain Fund II, Targeting Institutional Investors
12.5.2023
Asset management giant Franklin Templeton has announced that it is setting up a second blockchain fund, after first entering the crypto market in 2021.
Franklin Templeton Blockchain Fund II, which is the official name of the new fund, will be a private equity fund with a minimum investment amount...
Report: French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin
12.5.2023
A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing a Ferrari using bitcoin. Clausi’s arrest and subsequent jailing came after a woman, who sold him a Ferrari for $440,000 in April 2021, filed a complaint against the crypto...