NEO is one of the top cryptocurrencies in the world. This coin managed to capture the imagination of the Asian markets, even during times of regulatory uncertainty. Today, the NEO ecosystem is more vibrant than ever thanks to the hard work of developers and participation from the community. What is NEO? NEO is a non-profit […]
Tag: STO
Kraken Becomes First US Licensed Digital Asset Bank
Popular digital asset exchange, Kraken, has been given the green light to form a ‘Special Purpose Depository Institution (SPDI)’. This designation will allow for Kraken to develop a new entity, known as Kraken Financial, which will act as a chartered bank offering comprehensive digital asset services such as deposit-taking, custody, and fiduciary services. “Kraken’s vision […]
Nigerian SEC Provides Clarification on Token Offerings and Digital Asset Classification
Investors continue to flock towards assets such as cryptocurrencies and digital securities as, not only a new form of currency but a hedge against global economic uncertainty. As a result, regulatory bodies around the world have had to adapt or clarify approaches towards these alternative asset classes. The latest to do so is the Nigerian […]
Digital Securities About to Go Mainstream with Germany’s New Draft Law
Digitization has led to significant changes in many areas, not the least in money and financial markets. The financial markets and its participants are at a point where they cannot ignore technological developments bound to disrupt the industry. Recently, there has been a rush towards developing and implementing blockchain-based protocols to power financial products. The […]
CoinMarketCap Launches ‘Earn’ Initiative That Will Pay Users to Learn Crypto
Leading crypto metrics site, CoinMarketCap, has launched an initiative that will enable its account holders to earn tokens for learning about projects in the industry. Dubbed ‘CoinMarketCap Earn,’ this program intends to scale educational activity in the crypto space as opposed to providing investment or financial advice. Notably, a similar initiative was launched by Coinbase […]
Another Unaudited ‘Zero Value’ Farming Token is Taking the DeFi World by Storm & Coins Flying
The cryptocurrency world has been much faster than the traditional world, and now the DeFi space is running at a quicker pace than crypto. On Tuesday, a new DeFi project for yield farming was launched called Yam. Within a few hours of its launch, the unaudited project saw a whopping $250 million locked in it. […]
U.S Banks and Big Tech Ask the OCC for More Clarification to Issue Crypto Services
The United States Office of the Comptroller of the Currency (OCC) has received over 90 responses from various stakeholders’ in the financial services sector on its advanced notice of proposed rulemaking (ANPR) issued last month. This independent bureau which operates under the U.S Treasury made highlights in July after it was approved for banks within […]
Bitcoin Bulls Must Defend $11,000, We’re Not Out of the Woods Yet
After yet another failed attempt at $12,000, Bitcoin fell to $11,100 yesterday in a multi-asset correction. As we reported, this has been a bond yield driven correction that was reflected in other markets as well, be it gold or S&P 500. Bitcoin, however, is holding on to $11,000 level, staying above it. At the time […]
Russian Monitoring Agency Develops Blockchain Analysis Tool To Track Bitcoin And Monero
A report from local news channel RBC confirmed on Tuesday Russian intelligence unit, Rosfinmonitoring, (Russia’s Federal Financial Monitoring Service), has proposed a cryptocurrency monitoring tool similar to U.S.’s Chainalysis. The agency, in charge of reducing cases of money laundering and terrorist financing in the country, will start tracking Bitcoin and other cryptocurrencies including privacy enhanced […]
How Will Crypto Cope In Regulation-Friendly State Belarus After Lukashenko’s Protested Presidential Win?
Crypto-friendly state Belarus faced a nation-wide internet blackout on Monday after a hotly contested presidential election on Aug. 9. The country has been facing mass protests since the announcement of the incumbent president, Alexander Lukashenko’s landslide win over Svetlana Tikhanovskaya, the opposition leader who claims the vote was massively falsified. The crypto-friendly country raises questions […]
