Head of the Hong Kong Monetary Authority (HKMA) Eddie Yue says stablecoins could bridge the gap between traditional finance and crypto. He made the statement following the joint release of a consultation paper today by HKMA, the Financial Services and the Treasury…
As Japan seeks to become a go-to destination for crypto firms, the regulators have agreed to loosen the regulation for digital assets. In a recent Cabinet meeting, policymakers agreed to remove the tax imposed on unrealized gains from crypto investments. An unrealized…
As the anticipation for a Bitcoin ETF approval in the U.S continues to grow, experts are eyeing Hong Kong as the next big destination for Bitcoin ETFs. This consideration is coming because of Hong Kong’s crypto-friendly stance, which started in November 2022…
The president of Turkey, Recep Tayyip Erdoğan, has appointed Professor Fatman Ozkul to the central bank board. Professor Ozkul’s appointment demonstrated Turkey’s commitment to tap into the benefits of crypto and blockchain technologies. In a December 22 report, President Erdogan confirmed Professor…
On Friday, the leading game developer in South Korea, Wemade, teamed up with Whampoa Digital to launch a $100 million Web3 fund. In the December 22 report, the two companies stated that the newly launched Web3 Fund will focus on the development…
As the crypto community awaits the resurfacing of the bulls in 2024, prominent analysts are still mulling over the possibility of approving the spot Bitcoin exchange-traded funds (ETF). In a December 23 X update, Bloomberg Intelligence Eric Balchunas regretted that the process…
In a recent report, the American-based advisory firm Teneo confirmed that assets totaling around $1.4 billion had been frozen linked to the now-defunct hedge fund Three Arrow Capital (3AC). The decisive action to freeze the multi-million dollar capital aimed at barring the…
Anti crypto senator Elizabeth Warren has come under attack for asking that stricter measures be employed in dealing with crypto. Top crypto players such as Coinbase CEO Brian Armstrong and others have reacted to her recent move to bring more oversight to…
In a strange turn of events, China, one of the countries with the strongest anti crypto rules, has announced it will boost non-fungible tokens (NFTs) and decentralized applications. This is part of China’s strategy to embrace blockchain technology, the technology upon which…
A report from the Montenegro court revealed that the founder of the Terraform Labs, Do Kwon, might not be extradited to the US. The court reversed its earlier ruling to extradite the disgraced crypto investor to either the US or South Korea. …
In an advanced report dated December 18, the prominent Bitcoin miner in Canada Hut 8 signed an interim agreement with Celsius creditors to establish a new mining site in Cedarvale, Texas. The bankrupt crypto lender Celsius Network has sought to attain its…
An analyst from Bloomberg, James Seyffart says approval for a Bitcoin ETF in January has a high probability. The analyst stated this during a Scoop Podcast with he Block’s Frank Chaparro. Seyffart who is famous for his spot bitcoin ETF analysis and…
Top crypto exchange Coinbase has announced it will be challenging the decision of the securities and exchange commission (SEC) to deny the exchange’s new crypto rulemaking request. The exchange announced this through its chief legal officer Paul Grewal said Friday. Coinbase had…
As global leaders seek to promote financial inclusivity through the introduction of central bank digital currency (CBDC), Kazakhstan has joined the list of countries eying the implementation of the digital currency. In a recent report, the Kazakhstan authority was pleased to announce…
The Commodities Futures Trading Commission (CFTC) has voted to propose a rule aimed at protecting customers making trades through a derivatives clearing organization. Tagged the “Protection of clearing member funds held by derivatives clearing organizations,” the rule would require DCOs, which are…
Regulated DeFi platform Swarm has launched its permissionless platform for trading tokenized real-world assets, known as “Open dOTC”. The Berlin-based BaFIN regulated DeFi company launched the platform as a public good. Built on the Ethereum blockchain, Open dOTC uses decentralized over-the-counter (dOTC)…
Binance has kicked back against the securities and exchange commission (SEC) concerning its lawsuit which was filed against the exchange in June. The exchange and its founder Changpeng Zhao specifically challenged the “investment contracts” aspect of the lawsuit, demanding that the commission…
As the investors lament the loss of substantial funds in crypto investment, Massachusetts senator Elizabeth Warren has stepped up her game to intensify anti-crypto movements. For years, Senator Warren has remained at the forefront of safeguarding the crypto and finance industry from…
The rise of hacking activities linked to North Korean illicit groups has attracted the attention of global regulators to safeguard crypto investors from losses. In an advanced report, the national security officials from South Korean, the United States, and Japan held a…
The desire to become the burgeoning Bitcoin hub in Central America has inspired El Salvador to explore ways to attract more foreign investment. In a December 7 update, the Salvadorian authority launched an “Adopting El Salvador Freedom Visa Program” to invite forward-thinking…
