Derivatives marketplace Chicago Mercantile Exchange (CME) is adding to its cryptocurrency offerings with daily expirations soon to be available on bitcoin and either futures options contracts, the company said in a press release on Monday. Original
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. Adds Uncertainty for Cryptocurrency Exchanges On Sunday, April 16, 2023, the Wall Street Journal (WSJ) reported that the cryptocurrency exchange Bittrex was informed of a potential lawsuit and enforcement action in the form of a…
A Delaware company is seeking registration with the United States Securities and Exchange Commission (SEC) to carry out over-the-counter (OTC) stock trading on-chain. BlackStar Enterprise Group has been developing the platform since 2018 and spent almost two years in communication with the regulator, answering dozens of questions and comments from examiners. Recently, the company has taken the next step in providing a detailed plan to the SEC Trading and Market division about how its platforms will be operated. BlackStar CEO Joseph Kurczodyna told Cointelegraph that he sought the SEC’s permission…
Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients. SBI Remit, the remittance-focused arm of the Japanese financial services conglomerate SBI Holdings, has added support of its mobile MoneyTap application to three local banks, including Yamaguchi Bank, Momiji Bank and Kitakyushu Bank, SBI Remit announced on April 17. Yamaguchi is a major regional bank in Japan, featuring 156 branches and offices in Japan and four overseas locations. Kitakyushu Bank is a subsidiary of Yamaguchi Financial Group and has operated…
Ethereum has delivered an extremely strong performance by gaining more than 10% since the Shapella upgrade. Ether (ETH) has successfully delivered a very strong performance shooting past $2,100 levels and hitting a new 11-month high. As of press time, ETH is trading at $2,087.83 with a market cap of $249 billion. This strong price performance comes despite more than 1 million ETH being withdrawn from the Ethereum Beacon Chain just within the first four days of the Shanghai hardfork upgrade. Furthermore, all of these withdrawals happened from nearly 477,805 transactions…
La participación del mercado de las stablecoins continuó aumentando durante el mercado bajista, incluso con la caída de bitcoin, ether y otras altcoins, aseguró Agustín Liserra, CEO y cofundador de Num Finance, una empresa con sede en Argentina que emite stablecoins vinculadas a divisas de países en desarrollo. Source
Meanwhile, central, northern and western Europe are the largest crypto economies worldwide thanks to DeFi, non-fungible tokens and increasing regulatory clarity, with a lower daily usage for stablecoins. “The new regulation affects all players such as service providers, token and stablecoin issuers who need to apply for licenses to operate and a published white paper,” Carrascosa said about the EU’s recently approved MiCA regulation. “Regulatory demands increase for stablecoin issuers that become ‘relevant’ to supervisors,” she added. Source
What the CryptoX team looked for are innovative ideas, convincing proposals or evidence of success, and talented, committed people. Moreover, the problems the projects were aiming to solve had to be real, and the remedies needed. They could not just be a crypto version of something that is adequately managed in traditional finance, for instance, or purely meant for speculation or fun. Source CoinDesksCryptoProjectspurposeRecapturingWatch CryptoX Portal
The crypto space endured a series of unfortunate events in 2022, beginning with the Terra debacle and ending with FTX’s chaotic death spiral. These events heightened consumer skepticism and hesitancy toward crypto platforms; yet, the industry is holding steady today. The market is even trending upwards at the time of writing. Crypto’s current potential trajectory toward a recovery signals two key takeaways: The space is resilient and here to stay, despite multiple setbacks. Secondly, centralized, or CeFi entities (such as exchanges or trading and lending platforms), have proven they can be a…
The solution is called the “internet financial system,” or IFS, which combines the best of DeFi and traditional finance (TradFi) in one unified network. An idea championed first by Chris Burniske, IFS is built on open crypto rails and preserves blockchain’s most important attributes such as decentralized settlement, self-custody, transparency and composability. Source