Month: September 2022

MiCA coming in hot in October, NFTs not in focus: EU regulators

boss

Members of the Germany-based Bundesblock, otherwise known as the German Blockchain Association, updated the community on the upcoming Markets in Crypto-Assets (MiCA) regulations in a virtual panel held on Thursday, Sept. 1. According to the panel, the final legal text for the long-awaited regulations is set to be released in the upcoming four to six weeks. However, nonfungible tokens (NFTs) and stablecoins are still not covered, while crypto asset service providers (CASPs) are discussed in scope. @bundesblock panel discussion of #MiCAR with @DrStefanBerger, @SchildtMoritz, @paddi_hansen, moderated by Alireza Siadat. Key take…

Crypto Investor BnkToTheFuture Agrees to Buy Salt to Add Crypto Lending

The firm, which allows qualifying clients to invest in crypto companies, security tokens and alternative financial products like bitcoin-centered retirement plans, said it also plans to develop ways of helping distressed lending platforms and their customers deal with their situation. It declined to be more specific. It has proposed a restructuring bid for Celsius, in which it holds a 5% stake. The firm was said to have been eyeing the loan book business of Celsius, according to people familiar with the matter. Source

BITCOIN e CRIPTOVALUTE: Cosa sono e come funzionano? | Spiegato SEMPLICE | Corso BASE di Crypto Ep.1

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin e Criptovalute… Cosa sono esattamente e come funzionano? Scopriamo tutto quello che c’è da sapere in questa prima puntata del nostro nuovissimo corso base! Stai sul pezzo: Inizia il nostro nuovo corso, dedicato alle basi di Bitcoin, blockchain e Criptovalute, per chiunque è appena arrivato e vuole studiare prima di investire ma anche per chi vuole farsi un bel ripasso, che non fa mai male! Partiamo dall’inizio, indagando cosa sono e come funzionano Bitcoin e le Crypto, qual è il loro…

South Korea expands its efforts to regulate Metaverse

boss

South Korea continues its immersion in Web3 and the Metaverse. After investing almost $200 million in the creation of its own metaverse ecosystem and publishing the “Metaverse Ethical Principles,” the country’s government is now preparing the Metaverse Industry Promotion Ac. As reported by local media on Sept. 1, Heo Eun-ah, a member of the National Assembly with an entrepreneurial past, proposed the enactment of the Metaverse Industry Promotion Act to support the Web3 industry. A number of other National Assembly members supported Eun-ah’s proposal. According to the bill, the Metaverse…

Did Merge Optimism Lift Ether or Was It the S&P 500?

Possibly behind the equity rally in July and the first half of August was the hope that inflation has peaked and the Federal Reserve would resort to rate cuts next year. That dovish Fed narrative, however, fizzled out in the second half last month, bringing renewed weakness in stocks and cryptocurrencies, with ether tumbling more than 20% from a peak hit on Aug. 14. Source EtherliftMergeOptimism CryptoX Portal

Thailand SEC to apply strict guidelines for crypto ads

Thailand’s Securities and Exchange Commission (SEC) will implement stringent advertising rules for cryptocurrency firms operating in the country by October 2022. The Thai SEC informed cryptocurrency-related businesses operating in the country via email that adverts concerning digital currencies must have clear investment warnings to consumers on Sep. 1. The statement was later posted on the SEC website. The Securities regulator has instituted the new standards for cryptocurrency-related adverts in response to a number of marketing campaigns that have neglected to include investment risk warnings. The new standards will require adverts…

LG to Launch Crypto Wallet Wallypto Later This Year – Bitcoin News

boss

LG, the South Korean electronics giant, is currently developing a cryptocurrency wallet app that will be launched later this year. The wallet, called Wallypto, will be part of a new business phase for the company, which recently abandoned its mobile hardware business and pivoted to software solutions. Wallypto will support only Hedera Hashgraph assets at launch. LG to Enter the Cryptocurrency Wallet Business More and more tech and traditional finance companies are putting funds behind crypto-based businesses and operations. LG, the South Korean tech conglomerate, is getting into…

Trust in crypto remains strong despite bear market: Bitstamp survey

boss

The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by Bitstamp exchange. Despite the downward market, global trust in cryptocurrencies like Bitcoin (BTC) remains mostly unshakable, Bitstamp said in its latest Crypto Pulse report. The study is based on a survey conducted by an independent research firm and involves 28,000 retail and institutional investors in 23 countries, Bitstamp said. The survey suggests that the percentage of global retail investors who find crypto trustworthy has slightly dropped…

Helium (HNT) Deflates 15% After Proposed Transition To Solana

boss

The Helium network, a blockchain-powered wireless system, may soon undergo significant revisions as its key developers consider switching to Solana. The proposal by Helium’s core developers to switch from their own blockchain network to Solana’s was codenamed “HIP 70.” Since developers revealed a plan to migrate the network to Solana, the value of HNT has plummeted. The HIP 70 proposal to move to the Solana blockchain aims to improve data transit, network coverage, and dependability. Some of the network issues have been described in a recent post on Medium. Helium…