Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss

The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3.The directive — which came into force on July 9, 2018 — sets a new legal framework for European financial watchdogs to…

Swiss bank secrecy laws have protected Credit Suisse from having to disclose whether it was banking criminal activity, which is a far cry from the transparency blockchain technology offers. 707 Total views 26 Total shares Leaked data shows that until recently, Swiss bank Credit Suisse held accounts valued at more than $100 billion for sanctioned…

HashKey became one of the first licensed exchanges to offer cryptocurrency trading for non-professional investors in Hong Kong. 475 Total views 6 Total shares Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer the services.Local digital asset firm HashKey has successfully obtained…

The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels.After Bitcoin’s sharp rally in…

The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan. 371 Total views 19 Total shares Douglas Rodriguez, president of the Central Reserve Bank of El Salvador, has dismissed fears that the country adopting Bitcoin (BTC) as legal tender will scupper plans for a $1.3-billion…

Despite the growing adoption of various cryptocurrency exchange-traded funds (ETFs) all over the world, the global trading community continues to ask one question: When will a spot Bitcoin (BTC) ETF go live in the United States?According to some ETF analysts, a spot Bitcoin ETF could become real in mid-2023, following years of rejection by the…

Tosei real estate and Tokyo Financial Holdings issued an asset-backed digital financial product, Coinage registered with Japanese authorities as an exchange and more headlined news from Japan this past week. 1233 Total views 18 Total shares This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial…

Anthony Scaramucci revealed that SkyBridge currently holds $700 million worth of cryptocurrency. 2914 Total views 86 Total shares Alternative investment firm SkyBridge capital hopes to expand its crypto offerings, filing for a crypto-focused exchange-traded fund (ETF) on Tuesday and revealing plans for an Algorand fund at this week’s SALT conference in New York.Speaking to CNBC,…

Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding. RippleNet has been developed significantly since it was created in 2012. The system’s users have long had the ability to perform transactions on a decentralized ledger. Soon they…