“There are still several avenues available for crypto exchanges to achieve compliance with U.K. regulators in the future, and we are actively exploring all options for this market,” Zhou said. “We are engaged in partnerships and consultations with local businesses, assessing potential collaborations with entities in the U.K., which will enable us to continue our operations in full compliance.” Source
Following media reporting of a potential cyber breach affecting Greater Manchester Police, Elizabeth Baxter, Head of Cyber Investigations at the Information Commissioner’s Office, said: “Police officers and staff expect their information to be kept secure, and are right to be concerned when that doesn’t happen. This incident has been reported to us, and we’ll now be looking into what happened, and asking questions on behalf of anyone affected. “Organisations must look after employee information, particularly in sectors where the impact of a data breach could be greater. The ICO works to…
Elizabeth Baxter, Head of Cyber Investigations at the Information Commissioner’s Office, said: “Police officers and staff expect their information to be kept secure, and are right to be concerned when that doesn’t happen. This incident has been reported to us, and we’ll now be looking into what happened, and asking questions on behalf of anyone affected. “Organisations must look after employee information, particularly in sectors where the impact of a data breach could be greater. The ICO works to support organisations to get this right so people can feel confident…
In a surprising twist of events, Paxos has come forward to take the blame for the $500,000 Bitcoin fee payment after PayPal was accused of being the party responsible for the exorbitant fee transfer. Paxos Comes Forward As Guilty Party Paxos, a New York-based blockchain infrastructure company and the issuer of PayPal USD (PYUSD) and Pax Dollar (USDP), recently admitted responsibility for a substantial $510,000 Bitcoin fee payment, the highest fee ever paid in US dollars for a single Bitcoin transaction. The story began when several blockchain sleuths noticed the…
Many who aren’t crypto industry insiders may view “Bitcoin” and “crypto” as basically synonymous. While members of the traditional finance industry know that there’s much more to crypto than Bitcoin, they also know that Bitcoin’s performance and health serve as a bellwether for the acceptance and growth of the overall crypto industry. Monitoring select blockchain metrics can help financial institutions and investors gauge market sentiment, predict changes in values and identify investment risks and opportunities not only in terms of Bitcoin, but also the larger crypto industry. Below, 11 members…
More pertinently to advisors, perhaps, is what’s happening on the money market & treasury fund side and the private equity & private credit side – two very different investment profiles, yet two symbiotic cohorts here. Tokenized money markets and treasuries have now surpassed $650 million in collective AUM, essentially acting as a low-risk yield-generating vehicle to park capital in a digital system. That’s all. As new opportunities open up, such as in the alternatives space, it’ll be more seamless to swap from on-chain money markets to on-chain private equity, for…
High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices. The European Central Bank (ECB) has announced its 10th consecutive hike in its main interest rate. This decision has catapulted the Central Bank’s main deposit facility rate from -0.5% in June 2022 to a historic 4%. The ECB’s Commitment to Tackling Inflation While this decision may seem drastic, it reflects the ECB’s unwavering commitment to controlling rising inflation in the Eurozone. The decision to raise interest rates once…
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts. In response to fears of weaker supply, the prices of oil rose on Thursday. The West Texas Intermediate (WTI) crude climbed 1.6% to $90.04 per barrel, its highest point since November last year. Brent crude also sold at a 10-month record of $93.23 after rising 1.5%. The impact of the increase in crude prices may be stiff on the economy as gasoline prices…
European lawmakers overwhelmingly approved the DAC8 directive, empowering tax authorities to oversee and regulate cryptocurrency transactions within the EU. On Sept. 13, the proposal got 535 member votes in favor, only 57 against, and 60 abstentions. The DAC8 will enable tax authorities to monitor and regulate all cryptocurrency transactions conducted by individuals and companies within the European Union. The EU members will have until Dec. 31, 2025, to implement the new regulatory framework. The initiative will go into effect on Jan. 1, 2026. DAC8 will use the reporting standards under…
Ethereum (ETH) investors are bracing for a turbulent ride ahead as a well-regarded crypto analyst casts a shadow of doubt over the smart contract platform’s future. In a recent report, Nicholas Merten predicts that Ethereum has less than a year to break free from an ascending triangle pattern, a technical indicator that holds significant implications for the cryptocurrency’s trajectory. The Enigma Of The Ascending Triangle Pattern In a nutshell, an ascending triangle pattern is a chart formation that typically indicates an impending breakout. It forms when the price of an…