Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Facebook Veterans Launch ETH-Based Digital Collectible App, Funding From ConsenSys Ventures
A New York startup founded by a group of Facebook veterans has launched an ether (ETH)-powered mobile social app that supports the creation and trading of unique digital collectibles. The news was revealed in a press release shared with Cointelegraph on April 30.The startup, dubbed “Editional,” has reportedly sealed a $1.5 million seed round with…
Exclusive: Fireblocks granted New York charter for crypto custody
The charter allows Fireblocks to offer cold-storage custody to US clients.
$10M Mining Farm Fire Takes Blame as Bitcoin Hash Rate Wobbles
The Bitcoin (BTC) network experienced fresh turbulence on Sept. 30 while evidence emerged of a fire destroying $10 million worth of mining rigs.A video of alleged Bitcoin miner fire emergesAccording to Marshall Long, one of the first active Bitcoin miners, mining company Innosilicon’s giant data center began burning on Monday. Details remain sparse, but a…
South Korea’s small crypto exchanges face increasing regulatory heat
Authorities in South Korea are continuing to propose and enact measures aimed at maintaining strict oversight over the nation’s crypto exchange market. These come amid a significant uptick in cryptocurrency trading volume, especially for altcoins.In May, South Korea’s Financial Services Commission (FSC) announced that the government is planning to enforce stricter regulatory policies on cryptocurrencies…
Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework
The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies under its provisions. CySEC’s announcement and consultation paper on the matter were published on Feb. 19.Тhe directive, which came into force on July…
CFTC Appoints Former Coinbase Exec as Director of Market Oversight
Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC).The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and swap data repositories, as well as…
Here’s why Siacoin, Basic Attention Token and Linear (LINA) are soaring
This week CNBC reported that Morgan Stanley will give its millionaire clients access to Bitcoin (BTC) starting in April and this shows that traditional financial powerhouses are under pressure from their clients who are demanding exposure to cryptocurrencies. This suggests that the rate of institutional adoption may still be at a nascent stage.Crypto market data…
Circle selects BNY Mellon as custodian for USDC reserves
The firm previously said its reserves would be in cash and treasuries. 472 Total views 11 Total shares On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and…