Crypto Biz: US elections crown Polymarket
This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.
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Bank of Spain Warns Citizens Against Crypto Given Lack of Local Regulations
Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting unregulated cryptocurrencies. The Bank of Spain’s notice, issued Feb. 10, followed an official blog post published two days earlier, which had outlined the institution’s stance on cryptocurrencies, their characteristics, and their legal status in Spain and the wider European…

Hardware Wallet Maker Ledger Joins the Universal Protocol Alliance
The high-profile wallet maker will be integrating its security and infrastructure solutions with Universal Protocol technology and assets. 703 Total views 32 Total shares Digital asset hardware wallet firm Ledger has joined a blockchain interoperability coalition, the Universal Protocol Alliance.In an announcement on June 11, UPA revealed that the high-profile French hardware wallet maker will…

Australian securities regulator issues guidelines for crypto ETPs
The Australian securities regulator decided not to require crypto ETF providers to hold domestic crypto custody. 206 Total views 15 Total shares The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance.On Oct. 29, the regulator released a set of regulatory requirements for…

Russian officials approve use of crypto for cross-border payments: Report
Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlements. 685 Total views 22 Total shares The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies.According to a Thursday report…

US Secret Service Creates Finance-Related Cybercrime Task Force
The Cyber Fraud Task Force created by the U.S. Secret Service aims to combat the growing trend of cybercrimes related to financial matters. 887 Total views 24 Total shares The U.S. Secret Service announced the creation of the Cyber Fraud Task Force, or CFTF on July 10, after merged its Electronic Crimes Task Forces and…

Bitcoin’s recovery may trigger buying in these 4 altcoins
The S&P 500 Index (SPX) closed the week with a nominal loss of 0.29% but Bitcoin (BTC) is on target to finish the week with a deeper cut of more than 5%. The weakness in Bitcoin pulled several altcoins lower, indicating weakening sentiment.A silver lining is Bitcoin’s solid bounce on May 12. Several analysts anticipate…

Ethereum continues wild run, ETH price breaks $4,000 for the first time
The second-largest digital asset doesn't look to be stopping its meteoric rise anytime soon. 5507 Total views 34 Total shares Ether (ETH) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase. The new milestone comes just a week after breaking $3,000.ETH/USD 4-hour candle chart (Coinbase).…

Iranian trade ministry issues 30 crypto mining licenses
Tehran province, which houses the country’s capital, was awarded only one license for operating a crypto mining center. 191 Total views 1 Total shares Iran’s Ministry of Industries, Mining and Trade issued operation licenses for 30 crypto mining centers in the country, the country's Financial Tribue reported last Wednesday.Citing data from the ministry’s website, the report…