Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and $65K
Bitcoin’s strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support.
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UK stablecoin regulation begins to take shape in multiple FCA, BOE documents
It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking. 129 Total views 1 Total shares A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as
Iran Ditches Rial in Hyperinflation Crisis — Bitcoin Demand Rises
Ravaged by crippling hyperinflation, Iran’s Parliament has sanctioned the redenomination of its fiat — the rial — by replacing it with a new currency called the toman. According to the plan, each toman will be worth 10,000 rials.The redenomination plan effectively removes four place values (four zeros) from the Iranian national currency as part of…
IP Australia and National Rugby League Use Blockchain Against Fake Products
The intellectual property rights issuer of Australia will use blockchain to help NRL fight the sale of counterfeit merchandise. 730 Total views 11 Total shares Australia’s top-tier rugby league, the National Rugby League, along with IP Australia will trial a blockchain-based application to curb the sale of counterfeit products.IP Australia is an agency of the…
Norwegian gov’t agency opens metaverse office in collaboration with EY
The Brønnøysund Register Center collaborated with EY to open a virtual office in the Decentraland metaverse to reach its next generation of users. 207 Total views 1 Total shares The Brønnøysund Register Center, a Norwegian governmental agency, partnered with the Big Four accounting firm Ernst & Young (EY) to step into the metaverse with a…
New Platform Says It Enables Regular and Advanced Users to Create Their Own Crypto Fund
Crypto funds act as a “basket” of different digital assets and can offer a variety of benefits over purchasing individual coins, such as ease of management and the relative safety that comes with diversification. Fortunately, creating and maintaining your own fund just became a lot easier, the platform notes. The team behind the Iconomi platform says…
Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report
All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund. 534 Total views 10 Total shares Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of…
Bahrain’s Central Bank Issues New Cryptocurrency Regulation
The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25.Before, in December last year, the central bank had issued draft proposals to potentially regulate and license crypto asset services.The new rules reportedly concern licensing, governance, risk management, Anti-Money Laundering and Counter-Terrorist Financing measures, business conduct, conflict of interest…
The state of crypto in Western Europe: Swiss powerhouse and French unicorns
Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the…