BNY Mellon’s crypto custody venture runs afoul of SEC rules

The Bank of New York Mellon’s (BNY Mellon) foray into the digital asset custody business has hit a regulatory hurdle, per American Banker. It emerged that the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121) requires custodians of digital assets to record those assets on their balance sheets. дальше »

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Citigroup Reportedly in Talks With Metaco Amid Tokenization Boom

Citigroup is reportedly in talks with Swiss custodian Metaco over a custody agreement struck last year as the bank eyes tokenization of real-world assets. The post Citigroup Reportedly in Talks With Metaco Amid Tokenization Boom appeared first on BeInCrypto. дальше »

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Bitcoin’s sudden plunge below $30k triggers $176 million in liquidations

Bitcoin’s (BTC) price briefly reclaimed $31,000 earlier today before suddenly plunging below $30,000 in a sell-off that led to losses for traders who held positions in the market. According to Coinglass data, the sudden price movement wiped off over $176 million who held positions in different digital assets in the last 24 hours. дальше »

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Binance Survey Says 88% Of Institutional Users Have a Positive Outlook For Crypto Assets

Institutional investors are paying more attention to cryptocurrencies and digital assets. According to a recent survey report by Binance Research and Binance VIP & Institutional, 88% of institutional users have a long-term, optimistic outlook on crypto for the next decade. дальше »

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Why Tokenized Assets Are Safer During a Banking Crisis

Recent U.S. bank failures exposed a strange truth: depositing your money on-chain is safer than trusting banks to make good on your holdings, argues Copper’s Fadi Aboualfa. дальше »

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Today’s Unprecedented Happenings in the World of Digital Assets

“Crypto Chronicles Unveiled: South Korea Enacts New Law to Safeguard Investors, Australia’s Crypto Association Urges Collaborative Efforts against Scams, and UK Crypto Bill Nears Final Approval” South Korea Takes a Stand: New Crypto Legislation Passed to Safeguard Fair Trading In a bid to shield cryptocurrency investors from potential setbacks like the recent Terra ecosystem incident […] Сообщение Today’s Unprecedented Happenings in the World of Digital Assets появились сначала на Coinstelegram. дальше »

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South Korea enacts comprehensive laws to protect crypto users

South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection. дальше »

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South Korea  enacts comprehensive laws to protect crypto users

South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection. дальше »

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Bitcoin-Gold Correlation Plummets

Sudden plunge in correlation between Bitcoin and gold, two assets traditionally seen as hedges against traditional market volatility, hints at seismic shift in their price dynamics дальше »

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What are blue-chip NFTs, and how to find them?

Blue-chip NFTs refer to highly valuable and prestigious nonfungible tokens that are considered top-tier assets within the NFT market. дальше »

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SEC Chair Gensler Should Recuse Himself From Crypto Enforcement: Lawyers

“When it comes to digital assets, Chair Gensler is far from a neutral arbiter,” said crypto lawyer Jake Chervinsky. The post SEC Chair Gensler Should Recuse Himself From Crypto Enforcement: Lawyers appeared first on BeInCrypto. дальше »

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Mastercard’s MTN network is groundbreaking, but crypto connection is unclear

Mastercard announced its Multi-Token Network (MTN) on June 28. The platform is specifically designed to handle transactions involving blockchain and digital assets, according to the company’s announcement. дальше »

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Digital asset investment products see revival in June. Details inside...

 After falling in May, the assets under management surged 9% in June. Boosted by BlackRock's spot ETF application, GBTC  saw a 79% jump in volume. The month of June witnessed a robust recoThe post Digital asset investment products see revival in June. дальше »

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Mastercard Goes All-In On Crypto: Imminent Launch Of ‘Multi Token Network’ Product

Mastercard is set to launch its Multi-Token Network (MTN) product, signaling the company’s increasing focus on digital assets and blockchain technologies.  Per the announcement, the MTN aims to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable, providing a set of foundational capabilities for efficient payment and commerce applications.  Mastercard Takes […] дальше »

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Slovakian Lawmakers Vote To Reduce Crypto Income Tax Rate

Lawmakers in Slovakia recently voted to confirm legislation to regulate and tax cryptocurrency income at a lower rate. Starting in effect, crypto income on assets held for at least a year will only be taxed at 7% instead of the current rates of 19% or 25%. дальше »

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UK Law to Regulate Crypto Awaits King Charles’ Signature

The UK government is nearing final approval of a bill that would bring cryptocurrencies under the same rules as traditional assets. The Financial Services and Markets Bill, which was approved... дальше »

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6 Factors Advisors Should Consider Before Using an SMA for Digital Assets

Separately Managed Accounts (SMAs) are a good way for FAs to manage digital assets, but advisors should fully understand the trade-offs. дальше »

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Slovakian Lawmakers Pass Amendment Lowering Cryptocurrency Taxation

Lawmakers in Slovakia have approved new legislation, with a resounding 112-2 vote in favor, aimed at reducing taxes associated with the sale of crypto or digital assets. In addition to the aforementioned tax-cutting law, members of the National Council of the Slovak Republic, the country’s parliament, have further endorsed additional measures that impact cryptocurrency holders. дальше »

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Fed Chair Powell says More Rate Hikes on the Horizon, Bitcoin Remains Strong

One can’t help but notice the resilience and staying power of Bitcoin, the pioneer of digital assets. Despite the looming threat of rate hikes announced by Fed Chair Powell, Bitcoin continues to hold its ground, demonstrating its robustness in the face of economic shifts. дальше »

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Wall Street Insiders Buying Bitcoin, Ethereum and this AI Crypto Gem, Learn Why

A noteworthy trend is emerging in financial circles as Wall Street insiders show increased interest in cryptocurrencies. Despite the SEC’s altcoin crackdown amid unclear regulations, digital assets have attracted significant attention from traditional financial institutions and influential individuals. дальше »

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Altcoin Whales Show Highly Active Day, Volatility Incoming?

On-chain data shows that altcoin whales have been highly active recently, something that could lead to volatility in the prices of these assets. Altcoin Whales Have Displayed One Of The Most Active Days Of 2023 According to data from the on-chain analytics firm Santiment, several altcoins have seen transfers worth more than $10 million in value in a single day. дальше »

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Coinbase slams SEC’s overreach in latest filing

Crypto assets listed on Coinbase are not securities, the exchange claimed. Coinbase responded to the SEC’s lawsuit which the regulator filed against it earlier this month. U.S. crypto exchThe post Coinbase slams SEC’s overreach in latest filing appeared first on AMBCrypto. дальше »

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Coinbase files to have the lawsuit by the SEC dismissed for lack of merits

Coinbase accuses the SEC of allowing it to go public with the same digital assets listed and later claiming to be unregistered securities. Coinbase’s lawsuit comes days after Binance’s motion alleging SEC misconduct was denied. дальше »

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SEC Has No Jurisdiction Over Cryptos on Coinbase's Platform, Exchange Claims in Response to Regulator's Lawsuit

U. S. crypto exchange Coinbase claimed that digital assets listed on its platform fall outside the U. S. Securities and Exchange Commission's (SEC) purview in its first legal response to the regulator's lawsuit. дальше »

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SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response

U. S. crypto exchange Coinbase claimed that digital assets listed on its platform fall outside the U. S. Securities and Exchange Commission's (SEC) purview in its first legal response to the regulator's lawsuit. дальше »

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Canadian lawmakers publish recommendations in support of blockchain adoption

While the U.S. grapples with a fragmented and turbulent regulatory environment for digital assets, some of Canada’s lawmakers are attempting a more holistic approach. The Canadian House of Commons’ Standing Committee on Industry and Technology has published a comprehensive report on blockchain technology, including a series of recommendations to the Government of Canada to support […] The post Canadian lawmakers publish recommendations in support of blockchain adoption appeared first on CryptoSlate. дальше »

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Bankrupt Prime Trust Blocked From Accessing $45 Million Worth Of Digital Assets

A legacy cryptocurrency wallet associated with Prime Trust has been blocked, and the team cannot access assets worth roughly $45 million, Arkham Intelligence data on June 28 shows. As per the report, most of the assets consist of Ethereum, valued at over $44 million at current rates. дальше »

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“Plan For MiCA Now”- Chainalysis Counsels Digital Asset Firms Ahead Of 2024 Implementation

The Markets in Crypto Assets (MiCA) regulation has been passed by the European Union Parliament, but it will swing into effect in two phases next year. Janet Ho, Chainalysis head of policy in Europe, has tasked digital asset companies to put their houses in order as they anticipate the implementation of MiCA. The regulation, which […] дальше »

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Bitcoin, Other Digital Assets Surge Late in Q2 on Spot Bitcoin Euphoria

The spot bitcoin ETF filings by BlackRock and other financial services giants ensured bitcoin would finish Q2 in positive territory. Now the SEC’s decision on the applications will likely play a big role in digital asset prices for the remainder of the year. дальше »

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Creditors request BlockFi’s dissolution, accuse CEO of fraud and extortion

Creditors of failed cryptocurrency lending platform BlockFi are seeking liquidation of the firm's assets, citing allegations of fraud and misconduct against the company and its CEO, Zac Prince. дальше »

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SHIB, XRP, and ADA gain recognition with inclusion in prominent Hong Kong index

The HKVAC index, unveiled by the Hong Kong Virtual Assets Consortium (HKVAC), adds XRP, SHIB and ADA to its list of recognized cryptocurrencies. дальше »

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HKVAC Considers Inclusion Of Terra Luna Classic (LUNC) In Digital Asset Index

The Hong Kong Virtual Asset Consortium (HKVAC), a prominent rating agency based, has announced its plans to evaluate the inclusion of Terra Luna Classic (LUNC) in its digital asset index. Just recently, the HKVAC Rating Agency unveiled its latest index, which features the inclusion of popular digital assets such as Shiba Inu and XRP. In […] дальше »

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Only 19% of Crypto Crimes in 2022 Used Bitcoin, New Report Finds

A new TRM Labs report found that Bitcoin's role in crime is ceding ground to multi-chain assets. The post Only 19% of Crypto Crimes in 2022 Used Bitcoin, New Report Finds appeared first on BeInCrypto. дальше »

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UK authorities unveil  guidelines for crypto reform

The Law Commission of England and Wales has issued recommendations to reform the legal framework surrounding digital assets. дальше »

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Whale Trades LINK And BNB For PEPE And ETH In High-Value Transaction

In the crypto market, keeping an eye on the moves of the ‘whales’ – individuals or entities holding large quantities of digital assets, can often provide insights into asset market trends such as Ethereum (ETH) and PEPE. дальше »

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Cryptocurrency Assets And Banks: Why EU Is Establishing Capital Requirements

Cryptocurrency is taking the European Union (EU) into uncharted territory as it introduces a groundbreaking bank capital policy that includes regulations specifically tailored for cryptocurrencies. This policy has been meticulously crafted through collaborative efforts involving the European Parliament, Member-State governments, and the European Commission, reflecting a comprehensive approach to address the challenges and opportunities presented […] дальше »

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UK Law Commission proposes classifying crypto as a new type of property

Digital assets, such as cryptocurrencies, could be classified under a new category of personal property, the Law Commission of England and Wales said in its final recommendation report to the government. дальше »

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UK Law Commission Wants The Crypto And Blockchain Tech To Thrive

The UK Law Commission has emphasized the importance of developing laws to regulate crypto assets in order to establish the country as a global center for cryptocurrencies and non-fungible tokens (NFTs). дальше »

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EU Finalizes Agreement on Capital Requirements for Banks Holding Crypto Assets

The EU has come an agreement on capital requirements for banks holding crypto assets, as regulators look to safeguard the financial system from the threat of another global crisis. The post EU Finalizes Agreement on Capital Requirements for Banks Holding Crypto Assets appeared first on BeInCrypto. дальше »

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Bitfinex initiates P2P trading service in Argentina, Colombia, and Venezuela

Bitfinex announced the commencement of a peer-to-peer trading platform in Argentina, Colombia, and Venezuela, in an effort to cater to the growing market for digital assets in Latin America. дальше »

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Japan Joins Singapore’s Project Guardian in Global FinTech Collaboration

The Japan Financial Services Authority (FSA) joins the list of financial institutions to be taking a collaborative role in Project Guardian, a digital assets initiative launched by the Monetary Authority... дальше »

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Chibi Finance Executes $1 Million Rug Pull, CHIBI Falls By 100%

In what appears to be another rug pull in the decentralized finance (DeFi) space, the team behind Chibi Finance has absconded with more than $1 million worth of various assets. Following the protocol’s launch earlier today, users’ funds were swiftly transferred to an Ethereum address and converted to Ether. A “rug pull” is a term […] дальше »

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Key Market Fundamentals Point North After Losses In May: What To Expect From Top Crypto Assets

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Fidelity set to file for spot Bitcoin ETF

Fidelity, an investment giant with $4. 2 trillion in assets under management, is reportedly set to file for a spot Bitcoin exchange-traded fund (ETF). The imminent application by the Wall Street colossus comes after industry giant BlackRock sparked a wave of spot Bitcoin ETF applications from several investment and financial services providers. дальше »

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Swiss authorities freeze Do Kwon and Terraform Labs’ crypto assets

Swiss authorities have taken action to freeze around $26 million worth of bitcoin (BTC) and other cryptocurrencies linked to Terraform Labs, its founder, Do Kwon, and other key individuals. дальше »

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Hong Kong Rating Agency Adds DOGE, XRP, ADA, SHIB, Others To Crypto Index

Hong Kong has taken a significant step forward in embracing crypto as it re-opened its doors to the world of digital assets at the beginning of the month. In a bid to position itself as a leading global financial hub for innovative technologies, the Hong Kong government, in collaboration with the Securities and Futures Commission […] дальше »

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Golteum (GLTM) Outshines Dogecoin (DOGE) and Shiba Inu (SHIB) in Navigating Market Challenges

The cryptocurrency market has been experiencing increased scrutiny and regulatory challenges, particularly with the recent actions of the Securities and Exchange Commission (SEC). As the SEC tightens its grip on the crypto industry, investors are seeking alternative digital assets that can provide a solid hedge against market volatility. дальше »

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Arbitrum: Whales begin spending spree

Several whales exchanged other assets for ARB as the price surged. Social volume fell, and bullish bias could wane if demand falls. Over the last 24 hours, a notable trend emerged as ArbitruThe post Arbitrum: Whales begin spending spree appeared first on AMBCrypto. дальше »

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SHIB, XRP and ADA Secure Spot in Prominent Hong Kong Index

Major Hong Kong authority chooses Shiba Inu, Cardano and XRP for virtual assets index дальше »

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XRP Traders Show Capitulation, Why This Could Be Bullish

On-chain data shows that XRP traders have been selling at a loss recently, unlike investors of the other top assets. Here’s why this can be bullish for the coin. XRP Loss Transactions Have Outweighed Profit Ones Recently According to data from the on-chain analytics firm Santiment, XRP has differed from the rest of the top cryptocurrencies in terms of the loss-taking behavior of the investors. дальше »

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