UK cryptocurrency ownership rises to 12% as FCA prepares new regulations

On April 3, the United States Securities and Exchange Commission (SEC) has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s initial coin offering (ICO) are not securities.In the letter, the regulator specifies that it considered that the platform will be fully developed and operational at the time…

Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage.Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyd’s of London after working with major insurance broker and adviser Marsh. The co-leader…

Only 12% of American adults used crypto in 2021, and the demographic gap between those who invested in it and those who used it in transactions was enormous. 1230 Total views 6 Total shares The United States Federal Reserve Board has included data on cryptocurrency in its new Economic Well-Being of U.S. Households in the…

Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported Oct. 16.A source familiar with the matter reportedly said that Bitfinex appears to be banking with the Bank of Communications through the private account “Prosperity Revenue Merchandising Limited.” According to the Block, Bank of Communications…

Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability. 929 Total views 2 Total shares As the Bitcoin (BTC) price sees a sharp upsurge, the governor of the Central Bank of Ireland has voiced his concerns about cryptocurrency investments.Gabriel Makhlouf, who is also a governing council…

It could become the first of its kind blockchain maritime cargo platform in the region 1672 Total views 20 Total shares Chile's National Economic Prosecutor's Office, or FNE, has granted approval to nine national freight maritime cargo companies to establish a joint venture to develop a blockchain platform, the first of its kind in the…

Due to organic, "market-generated" growth, the Oracle solution could witness another tenfold increase in trading volume.

What is crypto staking?Crypto staking involves locking up one’s cryptocurrency holdings to earn interest or rewards. Technically, “staking” is how certain blockchain networks verify transactions.From an investor’s perspective, staking cryptocurrency is a way of growing one’s crypto holdings without needing to buy more. Staking crypto for maximum passive income is a legitimate way of earning…

A wallet linked to ransomware attacks funneled funds through a mining pool to make it seem like the digital assets were earned through mining. 501 Total views 4 Total shares While good actors within the crypto space channel their creativity toward building new things, bad actors use the same energy to devise more ingenious ways…