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South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers
13.6.2021
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged...
Indian Government May Regulate Crypto as Asset Class: Report
13.6.2021
India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto...
Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
13.6.2021
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may...
Here’s how Bitcoin’s impending death cross could be a contrarian buy signal
13.6.2021
Bitcoin traders are sitting on their hands after spotting a death cross on the daily chart but could this be a buy signal for contrarian investors?
Stock-to-Flow Creator Says ‘$288K Still in Play,’ Mike McGlone Sees an ‘Ace up Bitcoin’s Sleeve’
12.6.2021
The popular Twitter account and creator of the bitcoin stock-to-flow (S2F) price model explained that “$288K [is] still in play.” Meanwhile, data from the exchange Deribit shows there’s 425 bitcoin call options with a strike price of $200K set for December 31, 2021. Plan B Says:...
Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks
12.6.2021
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.”...
Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services
12.6.2021
The Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists,” the banking authority said....
Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
12.6.2021
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. Thailand Sets New Rules...
India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case
12.6.2021
India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into...
Kraken Weighs in on IPO After Coinbase’s Lackluster Direct Listing Performance
12.6.2021
Kraken, the US-based exchange, is weighing in on whether to use an IPO or a direct listing to go public. Kraken’s CEO Jesse Powell stated that after Coinbase’s performance, they were considering other options for going public next year. The company will be the second crypto exchange...
Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed
12.6.2021
The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such...
Thai SEC bans exchanges from handling certain token types including NFTs
11.6.2021
Local exchanges now have until July 11 to update their rules for listing tokens to be in compliance with the SEC guidelines
Cryptopunk NFT Sold for Almost $12 Million in Sotheby’s Auction
11.6.2021
A Cryptopunk NFT was recently sold for $11.8 million during an auction organized by Sotheby’s. The sale, which also featured works of other artists, was organized virtually. Sotheby’s anticipates strong demand for this kind of digital good in the future, even as NFT fever has somewhat...
BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s BTC Law ‘Interesting Experiment’
11.6.2021
An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. He calls El Salvador’s move to make the cryptocurrency legal tender...
NFT Roundup: Hoard Exchange’s New Marketplace, Enjin’s NFT-Powered Wellness App, Meme.com, and Much More
11.6.2021
While the cryptocurrency market is gradually reclaiming the market capitalization it lost in May, the NFT ecosystem is in full bloom. New projects and platforms are flooding the world of NFTs, bringing fans and collectors a wider ensemble of epic collectibles. In this NFT roundup, we take a look...
Binance-owned Indian exchange WazirX investigated for alleged AML failings
11.6.2021
India's Enforcement Directorate will probe crypto exchange WazirX for alleged violations of AML laws and FEMA, in connection with crypto transactions worth $389 million
Fetch.ai Collaborates with IOTA - A Deep Dive
11.6.2021
Fetch.ai finally announced entering into a partnership with IOTA for connecting the Autonomous Economic Agents with the resourceful data network of IOTA. The collaboration between Fetch.ai and IOTA resolves data discoverability by establishing a smooth, real-time, and seamless connection between...
Announcement of Ethereum Classic Magento Upgrade
11.6.2021
The development teams of Ethereum Classic are working on the upgrade of the Magento Network, according to the recent announcement. The decentralized computation platform, Ethereum Classic, is known for the execution of smart contracts. Its distribution network consists of its native cryptocurrency...
Russian Court Bans Websites Explaining How to Trade Bitcoin
11.6.2021
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur...
BarterTrade V2 Launches With Advanced Social Trading, Auto KYC and Institutional Grade Liquidity
11.6.2021
BarterTrade, is a cryptocurrency trading ecosystem that upgraded to more advanced V2 on 6th May, 2021, implementing significant benefits and new features for traders. Understanding crypto traders’ needs is a key ingredient of the relaunch, which includes features such as a 0% trading...