Basel Committee finalizes crypto exposure rules for banks

Japan’s financial regulator announced the launch of its global Blockchain Governance Initiative Network (BGIN) on March 10. The BGIN intends to foster the “sustainable development of the blockchain community."The Financial Services Agency Japan (JFSA) announced the new initiative during the “BG2C - Special Online Broadcasting Panel Discussion,” which the JFSA hosted in partnership with Nikkei…

Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues. 36 Total views 1 Total shares Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some

Recently hacked crypto exchange Cryptopia has relaunched its website in a read only format, along with resuming user balances to its pre-hacked state, the exchange tweeted on March 5.Following last week’s announcement of a March 4 launch date, Cryptopia has slightly delayed the relaunch by providing the live website on Tuesday, March 5, one day…

In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17…

Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill. 861 Total views 6 Total shares A Californian congresswoman has written to Speaker Nancy Pelosi expressing concerns about the controversial new mandate for crypto tax reporting.Anna Eshoo, who represents California's 18th Congressional District, penned a letter to the Democratic party…

Chinese internet giant Tencent will work with a local disruptor insurance company to develop new blockchain solutions, Bloomberg reported on April 30.Waterdrop, which forms part of China’s rapidly-expanding crowdfunded health insurance industry, will leverage Tencent’s existing presence and experience in the field to create as yet undefined blockchain tools.The move follows the closure of Waterdrop’s…

An Australian government employee will reportedly face court today over his alleged misuse of government IT systems to mine cryptocurrency for personal gain. The news was announced by the Australian Federal Police (AFP) on May 21.The AFP alleges that the 33-year old man, whose name was not disclosed, used his access as an IT contractor…

BitMEX Research recently pointed out that the correlation between the S&P 500 and Bitcoin (BTC) has reached a new high, eclipsing the previous high recorded in March 2018. This shows that with all the money being printed to support the economy, a tiny bit might be finding its way into the crypto space, which is…

Francesca Fornasari believes that Bitcoin may not be suitable for most institutional investors. 257 Total views 2 Total shares Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency.Francesca Fornasari, head of currency solutions at BNY…