Nomura’s global survey shows that commitment to digital assets remains strong outside the U.S., offering a way forward for the sector, says Michael Casey. Source
What Winter? Institutions’ Crypto View Rosier Than You Think
Month: June 2023
Politics Is Interested in Crypto, Even if Crypto Isn't Interested in Politics
CryptoX – Cryptocurrency Analysis and News Portal Politics Is Interested in Crypto, Even if Crypto Isn't Interested in Politics Original Source The post Politics Is Interested in Crypto, Even if Crypto Isn't Interested in Politics appeared first on CryptoX. CryptoX Portal
Bakkt follows Robinhood, eToro in delisting major altcoins: Report
New York-based derivatives exchange Bakkt is delisting three popular altcoins due to recent regulatory developments in the United States. According to a Fortune report, trading of Solana (SOL), Polygon (MATIC), and Cardano (ADA) has been suspended. The decision follows last week’s lawsuits brought by the Securities and Exchange Commission (SEC) against crypto exchanges Binance and Coinbase. In the complaints, the regulator labeled over 20 digital assets as securities, including SOL, MATIC, and ADA. The total number of cryptocurrencies the U.S. regulator sees as a “security” has now reached an estimated…
‘We’re Not Concerned With the Labels’ in Crypto Cases
“We’re not concerned with the labels. We’re concerned with the offerings, the labels are not important to us,” Grewal said. “The technology is important. What’s underneath the hood, because when we look underneath the hood, when we kick the tires, we’ve seen plenty … DeFi [decentralized finance] offers that are neither decentralized nor finance but rather just straight [fraud].” Source
BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
Blackrock’s (BLK) iShares Bitcoin Trust application to the U.S. Securities and Exchange Commission (SEC) this week might stand a better chance than previous attempts by other fund managers thanks to the promise of a “surveillance-sharing agreement” between exchanges. Original
Ethereum whales are aggressively buying the dip
Ethereum whales have taken advantage of ether’s dip below the $1,700 region to accumulate millions of dollars worth of ETH in the last 24 hours, according to on-chain data released by Spot on Chain. While market analysts and on-chain metrics recently suggested that the cryptocurrency markets have entered an early bull season, the regulatory onslaught embarked upon by the US regulatory watchdog, the Securities and Exchange Commission (SEC) has effectively delayed that transition. The price of ether, the world’s second-largest cryptocurrency crashed to the $1,626 mark on June 15, its…
Tether’s Banking Relationships Detailed in Newly Released Legal Documents
On March 31, 2021, Tether claimed it had more than $35.5 billion in U.S. dollar equivalents at these institutions, according to the documents. They were shared with CoinDesk by the New York Attorney General’s office (NYAG) in response to a state Freedom of Information Law (FOIL) request filed in June 2021. The documents appear to have been created on Aug. 4, 2021, and serve as a snapshot of Tether’s operations on that day. A further $5.1 billion were detailed under “USDT lending” and other assets, for an asset total of…
Self-custody Bitcoin amount unmeasurable so far, says Santiment exec
There is no way to measure the amount of Bitcoin (BTC) that is being sent to self-custody wallets so far, according to one industry executive. Amid the ongoing FUD over lawsuits against major cryptocurrency exchanges, investors have been increasingly offloading their Bitcoin from crypto trading platforms. As of mid-June, Bitcoin’s exchange supply fell to its lowest level since February 2018, according to data from the crypto intelligence platform Santiment. The massive exchange outflows have been triggered by the growth of self-custody fueled by uncertainty around Binance and Coinbase, Santiment said.…
Blockchain Anti-Counterfeiting Trials ‘Promising,’ Europe’s EUIPO Says
EUIPO has finalized a proof of concept “having engaged in real-life operational tests with four brands, two logistics operators and a customs authority,” following a months-long trial, which showed “promising results,” the agency said of an initiative now known as European Logistics Services Authentication (ELSA), based on a separate project known as the European Blockchain Services Infrastructure (EBSI). Source link
UK Regulator Approves Amazon’s $1.7B Acquisition of Roomba-maker iRobot
UK’s Competition and Markets Authority (CMA) has given a go-ahead to the deal noting that Amazon is not violating any competition concerns. Earlier today on Friday, June 16, Britain’s competition regulator gave a go-ahead to Amazon for its planned acquisition of the Roomba vacuum cleaner maker – iRobot Corporation. UK’s Competition and Markets Authority (CMA) said that they have cleared the deal which would not lead to any competition concerns in the country. Earlier in April 2023, the CMA started investigating the deal that Amazon.com Inc (NASDAQ: AMZN) made in…