EU DeFi regulations set to welcome big banks, challenge crypto natives

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The second week of November could have been a bullish week, as Consumer Price Index data released on Nov. 10 indicates lower-than-expected inflation. This resulted in a significant rally for…

On July 26, six pieces of legislation were being considered by the House Financial Services Committee including ones on regulatory clarity and consumer protection in the space. 44 Total views 1 Total shares Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory…

Major Bitcoin miners have set up shop in a former aluminium smelting plant in the small Texan town of Rockdale. 1344 Total views 43 Total shares Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas.Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and…

Blockchain firm Multiwallet will launch a Europe-targeted crypto custodial service regulated by Maltese regulators, the company revealed to Cointelegraph at the Malta Blockchain Summit on Nov. 2.Claiming to be fully compliant with Malta’s existing initial requirements for a crypto custodial service, Multiwallet is now seeking a custodial license from the Maltese government. As told to…

The governor added that paying taxes in crypto was likely just the first step, with using digital asset payments for certain licenses to follow "within a few months." Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022.In a…

CFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the key oversight body for crypto. 659 Total views 15 Total shares Own this piece of crypto history Collect this article as NFTThe chief of the…

Consensys’ senior counsel and director of global regulatory matters, Bill Hughes, spoke at the North American Blockchain Summit on crypto bills and their role in politics. 106 Total views 1 Total shares Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory

The U.S. stock market approaches a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect against a significant downside move. The escalating risk-off sentiment in the market is also creating volatility for Bitcoin (BTC). The leading…

Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.