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UAE emirate launches new free zone for digital assets, Web3 and AI
19.10.2023
Ras Al Khaimah, known for its rich cultural sites, is turning to the virtual assets sector to diversify its economy away from traditional avenues such as tourism
FTX Estate Proposes Recovery Plan With 90% Asset Return Expected
19.10.2023
The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...
Fidelity Submits Updated Spot Bitcoin ETF Application
19.10.2023
Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have stood in the way of approving the investment product....
European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset
19.10.2023
The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented....
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin
19.10.2023
Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs
Vitalik Buterin: ‘I Haven’t Sold ETH for Personal Gain Since 2018’
19.10.2023
Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales...
Bitcoin Miner Marathon to Custody Some of Its BTC With Fidelity Digital
18.10.2023
The miner is adding Fidelity to diversify its bitcoin (BTC) custody
Lightning Labs Rolls Out 'Taproot Assets,' to Make Bitcoin 'Multi-Asset' Network
18.10.2023
Taproot Assets will give developers "the tools needed to make Bitcoin a multi-asset network, but in a scalable manner," according to Lightning Labs
Fidelity Digital Assets Become First Corporate Client to Leverage EY’s Blockchain Analyzer
18.10.2023
‘Big Four’ accounting behemoth Ernst & Young (EY) unveiled Tuesday that Fidelity Digital Assets, the digital asset arm of Fidelity Investments, has adopted EY’s latest blockchain analytic tool.
Dubbed EY Blockchain Analyzer: Reconciler, the tool is available through EY Blockchain’s Software as...
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
SEC to Intensify Crypto Market Monitoring and Examinations
18.10.2023
The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding, trading in,...
Tokenized Real-World Asset Market to Hit $10 Trillion By 2030, 21.co Projects – Can RWAs Power Ethereum (ETH) to Multi-Trillion Market Cap?
18.10.2023
The market capitalization of tokenized real-world assets (RWAs) could balloon to as much as $10 trillion by the end of the decade in a bullish scenario, argued digital asset management company 21.co in a recently released report.
Even in a bearish scenario, the market cap of tokenized RWAs will...
Tokenized RWAs Could Grow to a $10T Market by 2030 as Crypto Converges to TradFi: Report
17.10.2023
The market for tokenized real-world assets could grow to $10 billion by 2030 as crypto is maturing and increasingly integrates with existing financial plumbing, crypto asset management firm 21.co said in a report
Platypus Finance recovers 90% of assets lost in exploit
17.10.2023
As per its agreement, project developers will not pursue legal action against the hacker
Uniswap Labs to charge a 0.15% fee on select frontends and assets
17.10.2023
Uniswap Labs recently announced levying a 0.15% fee on a few frontends and assets. Traders using frontends by Uniswap on its DEX will be subject to the 0.15% fee. Hayden Adams, the founder of Uniswap, made the announcement on its official X/Twitter channel. The founder portrayed the fee as a way...
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Jim Rickards Blasts US Congress Confiscation Initiatives: ‘The Drive to Create New Currencies Will Go Into Overdrive’
17.10.2023
Renowned economist and best-selling author Jim Rickards has warned about the effects of a new U.S. congressional initiative that proposes confiscating Russian assets to reimburse itself for the aid given to Ukraine. Rickards believes that, if passed, this legislation will alert the international...
FTX customers could get $9B shortfall claim payout by mid-2024
17.10.2023
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US
Web3 Social Platform Stars Arena Relaunches: Trading To Resume After Audit
16.10.2023
Avalanche-based Stars Arena has relaunched its application following a hack and 10% bounty offer that led to the bad actor returning 90% of stolen assets.
The platform announced on X (formerly Twitter) on Oct 15 that it relaunched services except trading but a new announcement will be made soon...
Token adoption grows as real-world assets move on-chain
16.10.2023
From real estate and digital art to government bonds, tokenizing real-world assets is no longer a thing of the future