Category: ICO

IMF Continues to Urge El Salvador to Strengthen Regulatory Framework and Oversight of Bitcoin

This isn’t the first time IMF has warned El Salvador. Most recently, in August, the IMF said something similar when it declared in a statement that “while many of the risks have not yet materialized, there is joint recognition that further efforts are needed to enhance transparency and mitigate potential fiscal and financial stability risks from the Bitcoin project.” At that time, the IMF also said that “additional discussions in this and other key areas remain necessary.” Source

Binance’s Crypto Trading Market Share Drops to 4-Year Low: CCData

Overall, trading activity on crypto exchanges waned last month with derivatives and spot trading volumes both falling 17%, the report noted. September historically marks the end of a weak mid-year season in trading, giving way to a busier last quarter, CCData analysts said. “With catalysts such as increased market liquidity following the Federal Reserve’s interest rate cut and the upcoming U.S. election, trading activity on centralized exchanges is expected to rise in the coming months,” the authors wrote. Source

Why You Should (Still) Care About Silvergate

And then there’s Silvergate. Silvergate was never sold, but rather voluntarily liquidated by management. None of its executives have since dared speak up. In early 2023, the SF Fed communicated to them, with the seeming tacit approval of other regulators, that they would have to reduce their crypto deposits to a de minimis share of their overall business. This was fatal to its practice – as over 90% of their deposits related to the crypto space as of Q2 2022. Following the bank run in Dec. 2022-Jan. 2023, Silvergate was…

Relm Insurance Introduces BTC-Denominated Policy for Bitcoin Miners

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…

The Key Growth Drivers for Wealth Managers in a Competitive Market

For wealth managers, what does all of this mean? Greater client choice, which translates into enhanced client retention and differentiation from competitors in the market. By offering crypto SMAs, wealth managers can help future-proof their businesses – while providing the safety, security and regulatory certainty that clients have come to expect. Source

Bitcoin Price (BTC) Gains 0.2% While Ether Price (ETH) Drops 1.4%, XRP Plunges 9.2%

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…