A new bill that seeks to empower agencies in the United Kingdom to seize and freeze cryptocurrency in money laundering cases has received the approval of the Parliament’s upper chamber. The Economic Crime and Corporate Transparency Bill, which was first introduced in September last year, entered one of the final stages towards becoming law today […]
Tag: STO
Bitget debuts in lending with the launch of ‘Crypto Loans’
Bitget launched its native “Crypto Loans” product on Tuesday. Digital lending is expected to advance at a CAGR of 20.5%. Singapore and Thailand have recently banned crypto lending. Bitget – a Seychelles-based digital assets trading platform launched “Crypto Loans” to debut in the lending space on Tuesday. Here’s what we know so far Its new […]
South Africa Imposes Licensing Requirements on Crypto Exchanges
Cryptocurrency exchanges operating in South Africa have until November 30 to register with the country’s financial regulator. Those who will not comply with the directive risk facing enforcement actions, including fines or business closure, the Financial Sector Conduct Authority (FSCA) said today (Tuesday). “There is potentially serious harm to financial customers when using crypto products, […]
Cardano price retests key resistance as DeFi TVL hits record
Cardano price retested the key resistance level at $0.2972 on Tuesday. DeFi TVL in Cardano’s ecosystem jumped to a record high. Cardano price has moved sideways in the past few weeks even as other coins like Bitcoin, AAVE, and Compound surged. ADA token was trading at $0.2972, where it has been for a while. This […]
GRT Token Makes a Comeback as The Graph Protocol Reaches a Milestone
On Monday, Bitcoin surged to its highest price in over a year at $31,385 on the news that Nasdaq has resubmitted BlackRock’s application for a spot Bitcoin ETF. With this refiling, traditional financial giant BlackRock has joined rivals in naming Coinbase as the market that’ll be monitored in a surveillance-sharing agreement to help guard against […]
Sony Bank & SMTB ‘Joint Money Trust’ to be Tokenized by Securitize Japan
Securitize Japan, a leading provider of tokenization solutions, has just announced a new endeavour with Sony Bank and Sumitomo Mitsui Trust Bank (SMTB) that will see the trio launch a tokenized ‘joint money trust backed by loan receivables’ on the Securitize platform. In doing so, these companies hope to upend the existing financial landscape through […]
FCA Provides 4 ‘Legal Routes’ for Compliance with Upcoming Crypto Promotion Rules
The UK financial watchdog has said crypto firms in the country will have four “legal routes” through which they can comply with its rules for digital assets promotion coming into force on October 8, 2023. The Financial Conduct Authority (FCA) stated this today (Tuesday) in a letter sent out to crypto firms and jointly signed […]
Tokeny Highlights Evolution of Luxembourg Securities Registers Through Use of DLT
Proponents of blockchain technology are slowly convincing the world that traditional securities often face numerous challenges such as lack of transparency, intermediary risks, poor efficiency, and more, due to a reliance on outdated methods. However, the implementation of Distributed Ledger Technology (DLT), particularly blockchain, offers a promising solution. In a recent research report by digital […]
Bitcoin Maintains Pole Position among Retail Traders in Q2 despite Market Fluctuations
Bitcoin (BTC) upheld its rank as the most-held crypto asset by retail traders in the second quarter of 2023. This surge was contrary to the broader market’s trends, with Bitcoin‘s revival in price movement noted in the trading and investing platform’s quarterly data. Bitcoin Holds the Crown, eToro Study Shows According to eToro’s newest report, […]
South Korean Crypto Exchanges Unveil System for Checking Market Volatility
A group of South Korea’s major cryptocurrency exchanges has launched a system that alerts users of abnormal changes in the prices of cryptocurrencies. The alliance, dubbed the Digital Asset Exchange Association (DAXA) and comprising Upbit, Bithumb, Coinone, Korbit, and Gopax, said the new system will prevent information asymmetry. DAXA explained that the system sends notifications […]
