Advertisements The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said. The direct application of decades-old securities laws could result in the classification of certain tokens as securities, Bernstein said in a researchContinue reading “Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says”
Category Archives: Finance
Investing Platform eToro to Delist Four Cryptocurrencies for U.S. Users Next Month
Advertisements eToro cited “recent developments” as the reason for the move, referring to the SEC’s legal action against Coinbase and Binance and the regulator labelling certain cryptocurrencies as securities. Social investing platform eToro will delist a selection of crypto token for its U.S. customers in a month’s time in response to recent legal action byContinue reading “Investing Platform eToro to Delist Four Cryptocurrencies for U.S. Users Next Month”
Crypto Investing Platform Finblox Starts Offering Tokenized Treasury Yield With OpenEden
Advertisements Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments. Crypto investment platform Finblox has joined the ranks of companies letting investors earn a yield from tokenized U.S. Treasury bills (T-bills) on their stablecoin holdings as it looks toContinue reading “Crypto Investing Platform Finblox Starts Offering Tokenized Treasury Yield With OpenEden”
Open Interest in Binance’s BNB Token Futures Jumps to 5-Month High
Advertisements The surge in open interest comes alongside a decline in price and signals an influx of bearish short positions in the market. Open interest, or the number of unsettled and active futures contracts tied to Binance’s BNB token, continues to rise, according to data tracked by Coinglass. Total open interest rose to 1.57 millionContinue reading “Open Interest in Binance’s BNB Token Futures Jumps to 5-Month High”
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
Advertisements OKX periodically buys back and burns the tokens to reduce their supply on the open market Crypto exchange OKX burned over $258 million worth of its okb (OKB) tokens from March to May in a planned move, sending the token higher as the broader crypto market remained little changed. “In this round, the totalContinue reading “Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move”
EU’s Landmark Crypto Law MiCA Published in Official Journal
Advertisements The procedural move means landmark licensing, stablecoin and anti-money laundering rules apply as of December 30, 2024. The European Union’s Markets in Crypto Assets law (MiCA) was published in the Official Journal of the European Union (OJEU) on Friday, starting the clock ticking for landmark crypto licensing rules to take effect. The full law,Continue reading “EU’s Landmark Crypto Law MiCA Published in Official Journal”
Vitalik Buterin’s Shiba Inu Donations to Power New Round of India Covid Relief Funds
Advertisements Buterin said the new donation would work toward reducing the long-term impact of coronavirus. Ethereum co-creator Vitalik Buterin is adding $10 million more to India-focused coronavirus prevention initiative CryptoRelief as part of a new $100 million tranche of donations, he said in a tweet Thursday. CryptoRelief, led by Polygon co-founder Sandeep Nailwal, will addContinue reading “Vitalik Buterin’s Shiba Inu Donations to Power New Round of India Covid Relief Funds”
Social Media Targeted in EU Consumer Group Complaint About Crypto Ads
Advertisements BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto. BEUC, an umbrella group of European consumer organizations, filed a complaint with European Union consumer protection bodies calling for Instagram, YouTube, TikTok and Twitter to toughen their crypto advertising rules. National regulators should require social media networks to tighten their policiesContinue reading “Social Media Targeted in EU Consumer Group Complaint About Crypto Ads”
Bitcoin, Dogecoin Lead Bounce in Crypto Majors Day After Record 8-Month Liquidations
Advertisements Crypto markets added 3.3% to overall capitalization in the past 24 hours as some opined the recent SEC filings could strengthen bitcoin’s value proposition among investors. Crypto markets inched higher on Wednesday as traders shook off the regulatory troubles of Binance and Coinbase (COIN), two of the largest crypto exchanges by trading volumes, inContinue reading “Bitcoin, Dogecoin Lead Bounce in Crypto Majors Day After Record 8-Month Liquidations”
Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon
Advertisements The firm said it is the first bank-owned custodian to offer staking services to institutional clients. Cryptocurrency storage provider Zodia Custody said it will offer crypto staking to institutional clients through an agreement with infrastructure provider Blockdaemon. The two firms are attempting to capture the growing institutional interest for staking – the process ofContinue reading “Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon”
Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
Advertisements The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said. On-chain statistics for May show a mixed picture regarding bitcoin (BTC) and ether (ETH) adoption, Goldman Sachs (GS) said in a report on Monday. Changes to ether balances across cohort groups have been largely unchanged,Continue reading “Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs”
Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline
Advertisements The unprecedented withdrawals only reflect a small amount of Binance’s reserves, according to data from CryptoQuant. Crypto markets showed no sign of letting up on Tuesday after the U.S. Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder Changpeng “CZ” Zhao on allegations of violating federal securities laws. Data from Nansen.aiContinue reading “Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline”
Digital-only bank TNEX launches Micro-Investment for Vietnamese Gen Z
The new product named “Investment Fund” aiming at creating a suitable investment channel with attractive returns and relatively low risk for customers
Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan
Advertisements The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said. Retail demand for bitcoin (BTC) is likely to remain strong over the coming year ahead of the next halving event for the world’s largest cryptocurrency, JPMorgan (JPM) said in a research report Thursday. Recent increaseContinue reading “Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan”
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
Advertisements The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January. Defunct crypto hedge fund Three Arrows Capital (3AC) has demanded to be included in a bankruptcy mediation process for crypto lender Genesis Global, according to a Sunday filing. On May 1, Judge Sean Lane appointedContinue reading “Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation”