BBVA Can’t Hold Cryptocurrency – And That’s a Problem
The bank wants to use ethereum as a notary, but regulators discourage holding even the tiny bit of ether needed to put data on the public blockchain.
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Ethereum Shanghai Upgrade Brings Record Inflow of 572k ETH Staked in a Week
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Ethereum’s Shanghai upgrade brought a…
Crypto Options Exchange Deribit’s Ether Volatility Index Hits Record Low
The downtrend in leading crypto options exchange Deribit's forward-looking ether volatility index (ETH DVOL) continues amid macroeconomic uncertainties and the pepecoin (PEPE) frenzy that has boosted demand for the Ethereum network.The DVOL index, which calculates ether's annualized 30-day implied volatility or expectations for price turbulence over the next four weeks, fell to a record low…
Standard Chartered Investment Arm Launches Tokenization Platform
SC Ventures, the fintech investment and venture arm of banking group Standard Chartered, announced a new tokenization platform, Libeara, on Tuesday.The platform will enable the creation of a tokenized Singapore dollar government bond fund for accredited investors, according to the announcement. Libeara has also partnered with FundBridge Capital, an organization for fund managers in Singapore."By
Where the SEC’s Proposed Custody Rule Comes Up Short for Crypto
In February, the SEC proposed dramatic changes to a bedrock law governing the custody of assets. The original rule, Custody Rule 206(4)-2, was adopted by the SEC in 1962 which mainly focused on physical custody of client assets – stock and bond certificates – saying they were to be kept in a bank, segregated from…
Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says
Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night.Attorneys with the DOJ filed a sentencing memo arguing he should spend 36 months in prison and
Infinity’s End? $31 Million NEX Project Could Be Biggest Casualty of DLT Cuts
Project Infinity, launched in May 2017 by NEX Group (formerly ICAP), could be the biggest bloodletting the distributed ledger sector has seen to date, having cost roughly $31.7 million and hemorrhaged dozens of jobs, former employees say. Spearheaded by Jenny Knott, former head of NEX Optimisation, the project had a grand vision of bringing the…
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The Brazilian Senate approved new income-tax regulations that could mean citizens will face paying up to 15% on earnings from cryptocurrencies held on international exchanges, Yahoo Finance reported Thursday.The regulation, if sanctioned by President Luiz Inacio Lula da Silva, could be effective as of Jan. 1. The bill has been approved by the Chamber of
Ripple’s Larsen Says US Risks Losing Stewardship of Global Financial System to China, Disses SEC
Oct 11, 2020 at 15:56 UTCUpdated Oct 11, 2020 at 16:40 UTCRipple Executive Chairman Chris Larsen Ripple’s Larsen Says US Risks Losing Stewardship of Global Financial System to China, Dissing SECChris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next…