Iceland’s crypto industry has promising future, but faces energy challenges

This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave.

Last week was harsh for the United States Securities Exchange Commission (SEC), with industry figures and officials publicly criticizing the regulator. May 8 was the deadline for feedback on the SEC’s proposed custody rule, and there was feedback aplenty. Andreessen Horowitz’s general counsel Miles Jennings called the proposal a “misguided and transparent attempt to wage war…

The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use. 312 Total views 26 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission, or SEC, has targeted an investment…

Bybit to compensate users after Notcoin listing debacle, China gaming firm’s profits up 1100% after $200M crypto buy, and more: Asia Express.

Cointelegraph analyst and writer Marcel Pechman explains how the Credit Suisse bank crisis will impact the crypto market. 257 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets &…

Integration with payment processor Simplex means Opera browser users now have another route from fiat into crypto. 1766 Total views 17 Total shares Users of the Opera browser will now be able to purchase cryptocurrencies from directly within the web application following a partnership with Simplex. Founded in 2014, Simplex is an European Union-licensed fintech…

The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable for a civil penalty of $1 million, fintech publication FinanceFeeds reported on Nov. 1, citing a court order issued on Oct. 31.According…

The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. A new report from the Bank for International Settlements (BIS) shows that 2020 is the year that momentum behind central bank digital currencies (CBDCs) has truly taken off.Published on Aug. 24, BIS’ new working paper analyzes the global state of CBDC research…

“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote. 1786 Total views 32 Total shares Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation…