“We do work closely with global regulators. In many places around the world, it’s not a problem. There could be areas where it may be a challenge, but we have already resolved some of those issues,” Teng said, referring to the licenses the company has recently received and settlements it has made in countries like Dubai, India, Thailand and Brazil. Source
In this week’s issue of CoinDesk’s newsletter on blockchain technology, we’re covering the drama surrounding “wrapped bitcoin” as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on Ethereum. Original
The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the two organizations list virtual asset transactions as one of the tools available […] Source CryptoX Portal
MoonPay’s Keith A. Grossman argues that we are facing a new and insidious form of centralization that’s threatening core civil liberties. But, just as this threat is fueled by emerging technology, it can also be stopped by it. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Tron (TRX) investors continue to feel bullish even as the market dips after certain on-chain developments help investor sentiment remain high. According to CoinGecko, the token has increased more than 24% since last week, a sign that investors on the platform have held TRX and accumulated to capture more gains. Related Reading Tron’s developments will help TRX hold against the downward trajectory the market has taken today. However, questions remain about whether the token will continue to go against the broader market or follow the dip. Tron On-chain Developments Drive…
Ripio, a Latin American crypto company, will serve as the market maker for transactions made on Mercado Pago, the company said. Ripio, which operates a trading platform and a wallet in the region, among other services, had worked with Mercado Pago to develop Mercado Coin. Source
Innovative structures, attractive yields, and stronger risk management capabilities are driving a recovery in institutional crypto lending markets, says Craig Birchall, head of product at Membrane, an institutional loan management software provider for digital asset markets. Source
As the U.S. election approaches, political polarization is once again front and center. The country remains deeply divided, with the electorate split nearly 50/50 along party lines. The presidential race is shaping up to be too-close-to-call, especially with the recent resurgence of the Democratic ticket. The outcome will have significant implications for the future of the digital asset industry. Which raises an important question: Is the cryptocurrency sector influential enough to sway the election? Source
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] Original