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Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
10.10.2022
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded...
Billionaire Chamath Predicts This Crypto Sector Will Transform All Financial Assets
10.10.2022
Billionaire investor Chamath Palihapitiya believes that decentralized finance (DeFi) will eventually allow people across the world to monetize and financialize all of their assets, allowing to place them on the blockchain.
Palihapitiya, who is a former vice president at Facebook, is currently best...
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations
7.10.2022
PRESS RELEASE. In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in Europe, has taken the initiative to assist businesses in navigating these new regulations. According...
European Regulator Lists What is Needed for 'Responsible Crypto Sector'
5.10.2022
More dialogue between the crypto industry and supervisors, consumer education, “rigorous compliance,” and even a “mind shift” for some crypto firms are necessary for creating a “responsible” crypto sector, said José Manuel Campa, chairperson of the European Banking Authority (EBA)....
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Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
1.10.2022
New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector....
Extend Existing Standards to Crypto Before Sector Threatens Stability, Not After, Urges BOE's Cunliffe
28.9.2022
Cunliffe listed ways the technology that underlies crypto could make traditional asset trading more efficient, but added it did not mean regulators should ignore the risks
InVar Finance Builds InVaria2222 as the Team Looks to Provide Hybrid Finance Services
28.9.2022
PRESS RELEASE. InVar Finance has recently built InVaria2222, the RWA tokenization world, which is currently in its first stage. InVar intends to create hybrid financial services by bridging the crypto sector with the real economy, such as TradFi with DeFi and RWA tokenization, which pertains...
Binance Resumes Offering Futures Trading Products to South African Users
27.9.2022
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South...
Women Empowerment in the Crypto Sector: How to Succeed as a Female Leader in a Tough Industry
26.9.2022
The blockchain industry is a male-dominated space, and women have had to fight for their place in the industry. While there are more women in crypto than ever, they are still underrepresented among top executives and decision-makers. According to research conducted by Coin Center and Women’s...
California Governor Newsom Vetoes Bill to Regulate Crypto — Calls for ‘More Flexible Approach’
26.9.2022
California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate Crypto in California Vetoed...
JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined
25.9.2022
Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse. JPMorgan Sees Little Demand for Crypto as a Payment Tool The global...
Wintermute Loses $160 Million in Latest Hacking Blow to DeFi Sector
21.9.2022
A hacking attack targeting crypto market maker Wintermute has resulted in the decentralized finance (DeFi) industry player losing some $160m to the attackers.
"We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected,” Evgeny Gaevoy, the company’s...
Brazilian Regulator Wants ‘Transparency’ in Crypto Sector, Prepares to Issue Guidelines
20.9.2022
(Source: Robert Rusell/Unsplash)
Brazil’s markets regulator says it wants “transparency” in crypto and claims it is preparing a set of industry guidelines. The body is working in conjunction with the nation’s Economy Ministry – in a possible further setback for MPs hoping to regulate...
Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre
10.9.2022
California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors. Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt...
Director de cumplimiento de la SEC: “No podemos ignorar los incumplimientos del sector cripto”
9.9.2022
El director de cumplimiento de la SEC, Gurbir Grewal, defendió a la agencia de las acusaciones sobre la eliminación de la innovación
India’s Central Bank RBI Starts Digital Currency Pilot With 4 Banks: Report
7.9.2022
India’s central bank, the Reserve Bank of India (RBI), has reportedly asked four banks to pilot the country’s central bank digital currency (CBDC) ahead of its public launch. RBI to Pilot India’s CBDC With Public-Sector Banks The Reserve Bank of India (RBI),...
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
5.9.2022
The trial may lead up to the introduction of a CBDC in India before the end of this fiscal year, most likely in three steps; U.S.-based FIS is reportedly participating
Georgia Follows EU’s Crypto Regulation Lead, Hopes to Become a ‘Hub’ for the Sector
2.9.2022
Georgia’s government is taking steps to update its crypto regulation in line with the European Union – and hopes that the move will help this country at the intersection of Europe and Asia become a “hub” for the global industry.
Per iXBT and News Georgia, the nation’s Deputy Prime Minister...
Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry
1.9.2022
The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto...
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
27.8.2022
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps...