BNY nears crypto custody for ETFs after SEC softens SAB 121 stance

Friday, March 29 — Bitcoin (BTC) has hit a monthly high of $4,112 today, while top 20 cryptocurrencies by market cap are trading sideways.Many of the top 20 coins are in red at press time, with Maker (MKR) seeing the biggest losses of almost 5 percent, while Tezos (XTZ) rallied over 15 percent over the…

A group of United States congressmen has requested that Lawrence Kudlow, the director of the National Economic Council, hold a blockchain forum, in a letter published on May 24.A group of seven congressmen, including Trey Hollingsworth, Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer, and David Schweikert, has submitted a request to hold…

A major hospital in South Korea’s capital city has announced plans to launch a blockchain-based platform aimed to improve its medical services. The news was reported by the Daily Medi, a healthcare sector-focused Korean news outlet, on March 17.According to the publication, the “Smart Hospital” project was jointly developed by the Korean Ministry of Science…

Monday, Oct. 7 — Bitcoin (BTC) continues its rebound together with most of the other cryptocurrencies, with notable gainers Chainlink (LINK) and Tron (TRX) breaking 10% gains on the day.Cryptocurrency market daily overview. Source: Coin360The world’s most popular crypto coin closed the week with a selloff, pushing its price well below the $8,000 mark and recording…

The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018. 556 Total views 81 Total shares The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers by the end of the…

Arbitrage trading of the spot BTC ETFs and a drop in demand for inflation hedges could be limiting Bitcoin’s price upside.

Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC) believes it's time for the Federal Reserve to issue a fully digital currency on Feb. 21. Giancarlo told Yahoo Finance’s On the Move program that the Federal Reserve must issue a digital currency in order to compete with China’s central bank digital currency (CBDC). The…

The COVID-19 pandemic has forced governments worldwide to focus on bringing blockchain technology to their financial services, along with the needed regulatory upgrades to keep the burgeoning fintech industry clean.Related: Not like before: Digital currencies debut amid COVID-19For example, on Sep. 10, Switzerland — a global center for the wealth management industry, housing around $2…

Bitcoin (BTC) has been seeing significant momentum in previous weeks as its price was approaching the precious $20,000 all-time high. However, an abrupt end came to this glorious rally, with Bitcoin price crashing severely over the past 24 hours. Cryptocurrency market, 1-day performance. Source: Coin360While most investors were celebrating a potential new all-time high, the…