Hong Kong unveils new stablecoin licensing regime
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.
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Swedish gov’t pays out $1.5M in Bitcoin to convicted drug dealer
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction. 2628 Total views 13 Total shares The Swedish government has found itself in the unforeseen situation of paying out around $1.5 million worth of…

Visa Makes Its Second Investment Into a Crypto Startup
Global payment giant Visa has recorded its second investment in a crypto project by leading a $40 million funding round of Anchorage startup, according to a Fortune report on July 10.Visa has reportedly led the round along with major cryptocurrency venture capital (VC) firm Blockchain Capital to support institutional-grade crypto custody service Anchorage, which previously…

Coinbase redeems $65M in convertible notes at 29% discount
The cryptocurrency exchange estimates it will only need $45.5 million in cash to redeem the instruments. 468 Total views 17 Total shares According to a June 15 announcement, cryptocurrency exchange Coinbase has entered into an agreement for the redemption of $64.5 million in 0.50% Convertible Senior Notes due 2026. However, the company estimates it will…

Crypto influencers on notice after FTC bans fake likes and followers
New rules from the FTC mean crypto influencers will face stiff fines for fake followers and likes, while celebrity testimonials are also in the firing line.

AI safety researchers leave OpenAI over prioritization concerns
Following the recent resignations, OpenAI has opted to dissolve the ‘Superalignment’ team and integrate its functions into other research projects within the organization.

‘Insane’ Bitcoin price consolidation means $48K is the new BTC support level
A fundamental shift in technicals suggests that bulls should treat $48,000 like the new $35,000, says Glassnode. 3820 Total views 16 Total shares Bitcoin (BTC) has seen "unreal" price consolidation since the start of February 2021 — and fundamental support is now at $48,000.According to on-chain monitoring resource Glassnode, the second month of the year…

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
"Greater clarity" around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report. 160 Total views 20 Total shares Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report. Said inflows reached $16.3 million last week, adding to…

Euroclear launches digital securities issuance service, settles World Bank bond
The settlement service is far from the first to issue digitalized securities, but it is a significant step because of its size. 107 Total views 17 Total shares Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement