In a July 2022 blog, the Commission’s Assistant Director of Policy Sam Jackson said that crypto could become a “more mainstream route to investing, trading, and moving assets,” citing fundraising successes using digital assets in Ukraine, and the U.K.’s own goal to become a crypto hub. Source
Tag: Issues
Unpacking Policy Issues at Consensus 2023
We’re finally here: Consensus 2023. The team has packed it full of policy-related sessions. We’ll hear discussions ranging from global regulatory policy around crypto to how industry and lawmakers alike are approaching the question of privacy and privacy tool usage in crypto. I’m landing in Austin, Texas, today (Tuesday) – shoot me a note, maybe we’ll meet up. Reminder: you can still buy a discounted ticket, including a virtual ticket if you’re not in Austin. Original Source ConsensusIssuesPolicyUnpacking CryptoX Portal
At Consensus 2023, CoinDesk Is Tackling the Biggest Issues in Crypto
For Consensus 2023 we at CoinDesk are adding something new and timely: Intimate group discussions, in which a cross-section of interested parties – including developers, investors, government officials, entrepreneurs, and non-profits – will seek solutions to the crypto industry’s thorniest challenges. Coinciding with CoinDesk’s 10-year anniversary, it reflects a commitment to use our convening and publishing clout to help the Consensus community move the industry forward in a collaborative and constructive way. Original Source BiggestCoindeskConsensusCryptoIssuesTackling CryptoX Portal
Ether price struggles to maintain support as regulatory challenges and network issues weigh
The Ether (ETH) price has struggled to sustain the $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in six days and the $548 million in leveraged futures longs liquidated between April 19 and April 21. Firstly, the regulatory environment seems to have gotten stricter for centralized exchanges. Dubai-based Bybit, for instance, announced that all users must complete Know Your Customer (KYC) identity verification for order execution…
OKX staff issues clarification amid ‘shell token’ purchase inquiries
According to a post on Apr. 24, cryptocurrency exchange OKX does not support the buying and selling of “shell tokens” listed on the exchange. The clarification came after OKX staff member Haiteng shared a series of WeChat conversations where an individual allegedly approached OKX staff to purchase “shell tokens,” or as the individual described: “[Tokens] Listed on OK, but project can operate no longer. Someone wishes to take over such projects.” Another message reads: “Find an OKX shell token; budget is $1.5 million, deposit has been collected, DM me the…
Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues – Bitcoin News
According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in the native cryptocurrency ecosystem. SG-Forge Reveals Institutional-Grade Stablecoin EURCV A new euro-denominated stablecoin is coming to the cryptocurrency ecosystem, issued by SG-Forge, a digital currency-focused subsidiary of the French multinational investment bank and financial services…
How Crypto Can Solve Long-Standing Issues in Capital Markets
Smart bonds can transform the life cycle of debt instruments and have the potential to disrupt debt capital markets. This digitalization of bonds may enhance process efficiencies and liquidity, reduce costs, simplify and democratize capital raising for issuers, and create a broader investable landscape. For over three centuries, bonds were issued as paper certificates. However, as the volume of trading grew, companies became inundated with paperwork. In 1973, the Depository Trust Company (DTC) was created to address the mounting paperwork and security issues. Paper certificates were vulnerable to loss, tax…
The Big Issues of Stablecoin Issuance
CryptoX – Cryptocurrency Analysis and News Portal Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation. Original Source The post The Big Issues of Stablecoin Issuance appeared first on CryptoX. CryptoX Portal
BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens
BNB Chain, the blockchain developed by crypto exchange Binance, updated its Red Alarm list to include 191 high-risk projects and decentralized applications (dApps) currently hosted on the blockchain. BNB Chain’s Red Alarm list — which gets updated every Friday — includes projects and DApps that are deemed risky investments purely based on smart contract assessment. The 191 new projects on BNB Chain that have been added to the list are either suspected of issuing fake tokens, high or opaque tax fees or simply because their websites or Twitter handles don’t…
Top Crypto Analyst Updates Outlook on Bitcoin (BTC) and Ethereum (ETH), Issues Warning on Exchange Coin
A widely followed crypto trader says Bitcoin (BTC) is showing signs of upward continuation after Ethereum’s (ETH) highly-anticipated upgrade. Crypto analyst Michaël van de Poppe tells his 653,200 Twitter followers that the crypto markets are in slow continuation after ETH initially dipped yesterday on the launch of the Shanghai upgrade. “Waking up after a massive crash on ETH after the Shanghai upgrade, it feels different. However, Bitcoin at $30,000 is a good sign. Slow continuation.” With ETH’s price dip yesterday being minimum and ETH currently up 4.07% in the last 24 hours,…