The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers. Source
Cryptocurrency exchange HTX (formerly Houbi) has recently announced its resumptions of operations after being halted for a while due to a recent exploit. HTX To Resume Services Later Today HTX, one of the world’s leading crypto exchanges, has confirmed the resumptions of its withdrawal and deposit services later today. However, the crypto company should have provided a specific time for the resumption. The crypto exchange said: In addition, HTX (Huobi) is expected to resume deposit and withdrawal services within 24 hours. The specific resumption time will be notified again. Please…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant…
Investing in digital assets can be complex. In recent years, Solana (SOL) has been taking on Bitcoin (BTC) and Ethereum (ETH). In this article, we will discuss Solana’s features, examine recent changes in its market dynamics with the help of the Solana price chart, and outline the critical factors that investors should consider before investing in it. Why Solana? Solana launched in 2020 and has multiple features, such as scalability, rapid transaction processing, and minimal fees. These qualities might explain why developers and users are drawn to the project. Scalability Solana’s high…
“I literally had two coffees and a beer, and I had this eureka moment at four in the morning,” Solana co-founder Anatoly Yakovenko recalls as he leans back thoughtfully. Speaking to Cointelegraph at Solana’s annual Breakpoint conference in Amsterdam, the co-founder recounts a late-night brainwave of a “hyper-optimized, fast as possible” smart contract blockchain protocol. “The use case that I was going after was for central limit order books, like how to run something that’s like the Nasdaq, but on a public permissionless blockchain,” Yakovenko explains. “I thought that there was…
Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca. After the United States Department of Treasury purged Binance Holdings Ltd’s operations in the country, the pathway for spot Bitcoin exchange-traded funds (ETFs) was clear. Around the same time, Grayscale Investments, a digital asset management company owned by Digital Currency Group (DCG), was preparing to update its application with the US SEC. According to a memo from the US SEC,…
The conventional wisdom of the cryptoverse is that there is a boom-and-bust cycle to the blockchain and cryptocurrency industry. This cycle is led by the “King of Cryptos,” Bitcoin. Bitcoin (BTC) is programmatically set to have a halving cycle roughly every four years, which cuts the supply of new coins awarded to miners in half. The halving sends a supply shock to the market, and as seen in the past three cycles, this under- and overvaluation in the market is partially responsible for the dramatic ups and downs. Other factors…
These Dogecoin on-chain indicators may be the ones to watch to see if the meme coin has a chance of finding a reversal in the near future or not. Dogecoin Large Holders Have Been Growing, Old Coins Have Come Alive In a new post on X, the on-chain analytics firm Santiment has talked about how two on-chain metrics related to Dogecoin have been looking recently. The first indicator of relevance here is the number of DOGE addresses carrying at least 1 million tokens in their balances. At the current exchange…
It appears that once again, the Securities and Exchange Commission in the US has a major crypto exchange in its sights, as it has filed a lawsuit charging Kraken, the 10th biggest centralized crypto exchange by spot trading volume, with operating as an unregistered securities broker, dealer, exchange and clearing agency, and with commingling customer assets with its own corporate assets. Chart From CoinGecko 2023 Q3 Crypto Industry Report The SEC’s complaint makes mention of the Howey Test for determining whether assets are investment contracts and can be regarded as…
The Bank of Korea will be looking to use the pilot stage of its CBDC to determine things such as acceptability and ease of use. South Korea, through its apex bank – The Bank of Korea (BOK) – has revealed its plans to begin testing its central bank digital currency (CBDC) in 2024. A local news outlet Korea Times confirmed the report, saying that the testing will begin either by September or October, running for three months. The report also claimed that South Korea will allow 100,000 citizens to participate…