The crypto industry naturally encourages passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean no investor protection. If the bill is to pass the Senate before the summer recess begins, the first thing to watch for is […]
2 weeks left for Clarity: State of Crypto Read More »
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction market businesses run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued a notice on Friday reminding the companies not to cut corners with far-reaching contract certifications that should cover a wide range of events. The agency
US regulators warn prediction markets against cutting corners in event contracts Read More »
“Since it uses existing rules, it will be much less of a stand-alone framework,” Lightstone said. “A crypto firm will be treated like any normal traditional financial institution,” adding that “it will still be difficult to get FCA authorization.” For established banks and investment firms that already operate under these rules, adapting to crypto can
Europe’s high level of regulation could trigger a new wave of M&A in the crypto industry Read More »
On a rainy morning in March, 25 folding chairs were set out on the floor of Meadow Lane, a gourmet market in Lower Manhattan that’s usually filled with influencers, Tribeca moms, and financiers picking up lunch. Today, the site belonged to McKinsey & Company. The consultants are the ones who had asked for the meeting.
A son of wealth finds his calling in a high-end merchant Read More »
Shiba Inu rose 36% to about $0.0000057 on Sunday, adding about a billion dollars to its market cap in one day, with no announcement or development to explain it. The token now has a market cap near $3.4 billion on nearly $380 million of daily volume, its highest turnover position in months. SHIB prices have
BMX, the platform’s token, fell to about 8 cents, a 58% drop in 24 hours, reducing its market capitalization to about $27 million. The token had already fallen about 70% over the past year, so Sunday’s drop extended a long decline rather than starting one. The exchange’s trading figures are significant despite the closure. BitMart
BitMart Shuts Down After Nine Years, Exchange Token Down 58% Read More »
Russia’s largest bank, Sberbank, plans to build infrastructure for cryptocurrency trading and launch a digital depository by December 1, as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. According to Interfax, the depository will record customers’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will
Russia’s largest bank Sberbank plans crypto trading infrastructure for December Read More »
North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the DPRK’s Central Bank and Foreign Trade Bank, diverted foreign currency and state trade
North Korea arrests hackers accused of laundering stolen bank funds through crypto Read More »
Democratizing weather derivatives with tokenization This is where tokenization comes in and where I believe the crypto industry has a really important role to play in democratizing weather risk hedging. It’s an initiative that I think is significantly more important than simply offering traditional return-generating assets like bonds onchain. The core benefits of putting weather
Total value locked has roughly tripled since mid-July to around $312 million, according to DefiLlama, and Robinhood Chain now clears more than $600 million in daily decentralized exchange, placing it among the more active networks in crypto. Robinhood Chain’s locked value has more than doubled since mid-July. (Shaurya Malwa/CoinDesk) Its transaction count has also attracted
