Tag: finance

New York finance regulator tightens crypto listing guidance

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Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator. The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto companies submit their coin listing and delisting policies for NYDFS approval. Company policies will be measured against more stringent risk assessment standards set forth by the NYDFS to protect investors. Technological, operational, cybersecurity, market, liquidity and illicit activity risks of the tokens are among the factors to be considered…

Does Crypto Finance Hamas and Other Terrorists?

To obscure the money trail, the exchanges often changed the wallet addresses they used each day, and sent funds through mixers, Israeli officials said.”Intelligence chiefs say hawala networks – informal remittance systems – have funneled millions of dollars from Iran to Hamas’s military wing and that the wallets identified and targeted by Israel are probably just a fraction of those in existence. (Mixers combine currency transactions, making them harder to trace.) Source

Ethereum-Based Blockchain Kinto Aims to Bring Real-World Assets (RWA) to Decentralized Finance (DeFi) with Fresh Investment

Kinto secured $1.5 million in a pre-seed investment earlier this year from Kyber Capital Crypto, according to a press release on Tuesday. It received another $3.5 million recently in a round led by Kyber Capital Crypto, Spartan Group and Parafi. SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and Robot Ventures also participated in the round. Source link

Terraform Labs Announces Acquisition of Cross-Chain Protocol Pulsar Finance

As part of the deal, Pulsar Finance’s flagship product Portfolio, will undergo integration into Terraform’s Station, a cross-chain wallet. Terra blockchain’s leading developer Terraform Labs announced the acquisition of the cross-chain portfolio management and analytics startup Pulsar Finance. This development arises as Terraform grapples with ongoing legal challenges arising from the demise of the algorithmic stablecoin TerraUSD in May of 2022. A notable legal conflict involves a lawsuit from the United States Securities and Exchange Commission (SEC), filed against Terraform in February. The SEC alleges the sale of unregistered crypto…

APEC finance ministers to share perspectives on crypto at meeting in San Francisco

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The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15. But with the focus of the organization being on the regional economy, the finance ministers’ meeting is also of primary importance. U.S. Treasury Secretary Janet Yellen said in her opening speech at the finance ministers’ meeting on Nov. 13 that they will discuss “priority areas [that] are oriented toward the…

Evidence of Greater Traditional Finance Participation in Bitcoin – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following this peak, the price experienced a slight dip, stabilizing around $37,000 from Friday until the week’s end. BTC dominance, measuring Bitcoin’s market capitalization against the total digital asset market, decreased for the second consecutive week, settling at approximately 52.3%. This…

Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the judge to postpone the fraud trial to April 8, 2023. The Aave protocol had to pause multiple markets earlier after reports of a feature-related bug. The Coinflux multichain protocol called ShuttleFlow is all set to wind down its services…

Can Chainlink Reach $20 With Rollup Finance Partnership?

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Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. The surge in interest isn’t limited to scalpers alone, as both retail and institutional investors are increasingly securing positions in LINK, driven by their belief in the cryptocurrency’s promising future. Chainlink recently unveiled a strategic collaboration that sent ripples through the cryptocurrency community. The announcement stated, “Rollup Finance will make 3.75% of its total native token supply available to Chainlink service providers, including stakers.”  🏗️ #ChainlinkBUILD 🏗️@Rollup_Finance is joining Chainlink BUILD to…