Crypto
UK Finance Ministry to Discuss Crypto Banking Woes With Lawmakers
“The U.K., London in particular, has become the global crypto hub, but to make sure that the market really can take off in the way that was intended in a responsible way, we need to regulate it, which is why we’ve introduced regulations for stablecoins, for promotion of crypto services,” Hunt replied. Source link
42 Different Countries Discussed or Passed Crypto Regulations, Legislation in 2023: PwC
While the report identified several key areas of consideration for promoting cryptocurrency adoption, some issues proved more popular than others. According to the report, only 23 countries, including Japan, the Bahamas and several EU states, engaged in initiatives across all the focus areas. Meanwhile, Ugandan, Indian and Brazilian lawmakers and regulators focused on just one…
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
That said, of the eight stablecoins S&P reviewed, several received lackluster scores. Most notably Tether’s USDT, the largest stablecoin by market cap and most used crypto asset in terms of trading volume, was given the fourth-lowest score in range from 1 to 5. Meanwhile MakerDAO’s dai (DAI), popular across decentralized finance (DeFi), and the Justin…
How Asia Drives the Next Crypto Bull Market
The enthusiasm for crypto in Asia is hard to miss. A stark contrast was visible between less vibrant fall conferences in the States and the buzzing scenes at Korea Blockchain Week and Token2049 in Singapore. Cities like Bangkok, Ho Chi Minh City, Jakarta, Manila, and Kuala Lumpur, not to mention a handful of large Indian…
7 Predictions About the Crypto Lending Landscape in 2024
The approval of spot bitcoin ETFs will lead to a massive expansion in the bitcoin lending markets, as traditional finance and crypto market-makers alike will be able to arbitrage price differences between various investment vehicles as well as spot BTC prices. Until recently, some of the larger TradFi market makers had not participated in crypto…
Crypto Asset Manager HashKey Capital Secures Capital Markets Services License From Singapore Central Bank
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What Prediction Markets Are Forecasting for Crypto in 2024
A big caveat here is that the trading volumes on these niche questions are small – in the thousands of dollars for each of the markets mentioned above. One reason may be that Polymarket is not allowed to serve U.S. residents under a settlement with the CFTC, excluding a broad swath of traders from the…
Small ESG-Focused Crypto Asset Manager Is Another Late Entrant to Bitcoin ETF Race
7RCC was founded in 2021 to provide access to crypto and blockchain-related assets for EGS-conscious investors. The company started the process for an ETF 18 months ago but was waiting to have the right infrastructure in place to file an application, which is why it is entering the race much later than other applicants like…
Digital Bank Revolut to Suspend UK Crypto Services Citing FCA’s New Ad Rules: CityAM
The pause was put in place to give the company time to adjust its current business crypto offering to make sure all of the new requirements set by the U.K. regulator in the “back end” Direct Offer Financial Promotion (DOFP) rules, which will be entering into force on Jan. 8, 2023, are met, a source…
Mike Novogratz Seeking More Crypto Bankruptcy Assets: Financial Times
“We have a crypto venture team that has been investing off our balance sheet for five years,” Kurz said, according to the newspaper. “The record that we have on that side of our asset management business means we’d be a good candidate for something like that.” Source link