The global job cuts come after plans by a company founded by BitMex executives to buy a German bank fell through in March. Source
Crypto Exchange BitMEX Lays Off 75 Workers
Day: April 4, 2022
UK Aims to Become Global Crypto Hub, Exchequer Says
The government will form a industry group called the “Crypto Asset Engagement Group” to help guide the next steps in regulation. The chairman of that group be at the ministerial level, and the group will include senior representatives from the FCA, Bank of England and businesses, Glen said. It will meet up to eight times a year. Source
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โUnhostedโ wallets are just โwallets,โ March 28โApril 4
The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation โ this time, a set of demanding data disclosure requirements for digital asset service providers โ was rushed to a vote mere days after a near miss on banning proof-of-work-based cryptocurrencies.ย Unlike the relatively happy resolution of the Markets in Crypto Assets framework situation, the EUโs new Anti-Money Laundering rules retained all the crypto-hostile language as they are going into the next round of…
UK government moves forward with regulatory framework on stablecoins for payments
The United Kingdom’s Economic and Finance Ministry has said it intends to amend its existing regulatory framework to incorporate stablecoins used as a means of payment. In a Monday announcement, HM Treasury said certain stablecoins could potentially become โa widespread means of paymentโ for retail customers in the United Kingdom following a consultation with various organizations, universities and individuals that was begun in January 2021. The U.K. government body said it intended to โtake the necessary legislative stepsโ to bring stablecoins into its regulatory framework, โprimarily by amending existing electronic…
Electric Capital Leads $4.5M Investment in Near Exchange Trisolaris
Trisolaris, a decentralized exchange on the Near protocol, has announced a strategic investment led by Electric Capital with participation from Jump Crypto, Dragonfly Capital, Leminscap and Ethereal Ventures, among others. The investment in the Trisolaris decentralized autonomous organization (DAO) totaled $4.5 million, the company told CoinDesk in an email. Source
Staking Solution Chorus One Launches Up to $30M Proof-of-Stake Investment Fund
Chorus One has previously deployed โmillionsโ of dollars to 26 projects before formally setting up a venture investment arm, according to Meegan. The company has prioritized investments in networks where the company runs nodes, the mechanisms that make staking possible. The staking provides deep technical knowledge, rewards, tokens and revenue, and the additional investment can result in even more tokens, Meegan said. Source
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CAKE Hits $10,ย as DOGE Rises for a Second Consecutive Session โ Market Updates Bitcoin News
DOGE was once again higher on Monday, as traders bought the token, days after a video about the meme-coin was shared by Elon Musk. This came as CAKE was also a big mover today, climbing beyond the $10 mark, hitting a multi-month high in the process. Dogecoin (DOGE) DOGE rose for a second consecutive session, as bulls continued to pile into the meme-coin, following a recent tweet from Elon Musk. Following a low of $0.1366 on Sunday, DOGE/USD rallied to a peak of $0.1553 in todayโs session, as prices were…
UK Government Plans to Create an NFT
The non-fungible token is planned to represent the government’s commitment to crypto technology and investment. Source