US Crypto Firms Will Soon Have Another Banking Option

Crypto exchange Rain has obtained a license to operate a virtual asset brokerage and custody service for its clients in the United Arab Emirates,."Today, Rain is launching in the UAE, as the first licensed retail exchange," Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted on Tuesday. "This is a 5 year effort, as…

Jack Solowey is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives.Jennifer J. Schulp is the director of financial regulation studies at the CMFA.At Consensus 2023, Senator Cynthia Lummis (R-WY) and Congressman Patrick McHenry (R-NC) voiced their goals of developing legislation to clarify crypto market structure in the United States, with…

Sep 20, 2020 at 18:00 UTC(michaelquirk/iStock via Getty Images Plus)This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. On this week’s “Long Reads Sunday,” NLW reads macro analyst Lyn Alden’s latest: “A Century of Fiscal and Monetary…

news Crypto accounting and data processing firm Lukka has partnered with fund administrator Theorem Fund Services to provide same-day net asset value reporting capabilities to digital assets index fund Hashdex. New York-based Lukka invented the first crypto tax calculator and is the first data services firm to help monitor fund performances and prepare auditable financial…

news A consortium of Australia-based financial services companies have teamed up with IBM and shopping center operator Scentre Group to launch a pilot that puts retail lease bank guarantees on a private blockchain. Lygon – launched with participation from ANZ, Commonwealth, and Westpac banks on July 3 – will collect and digitize data from a…

A stablecoin backed by one of the world's most volatile currencies has become one of the leading non-U.S.-dollar-pegged stablecoins.The Turkish-lira backed TRYB is second only to Tether's euro-pegged EURt in market cap after quadrupling in just three weeks.While the stablecoin world is dominated by dollar-backed tokens like tether (USDT) and USD Coin (USDC), there's a

Coders on a smaller cryptocurrency protocol are showing why expansion might not be so easy for Bitmain, a mining giant that's soon to file for an IPO.

Hong Kong regulators said they are ready to consider applications for spot crypto exchange-traded funds (ETFs).In a joint statement, the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) said the virtual asset environment has changed since 2018, when the SFC formulated a "professional-investors only" regulatory approach.Hong Kong has been loosening its approach

Dec 15, 2019 at 16:30 UTCUpdated Dec 15, 2019 at 15:05 UTCAlex Mashinsky, founder of Celsius NetworkHow DeFi Goes Mainstream in 2020: Focus on UsabilityThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Alex Mashinsky, a veteran entrepreneur…