Why stocks may send Bitcoin price back to $50K before October
Bitcoin and SPX share a high correlation index as the US stock approaches a new all-time high a day before the Fed cuts interest rates.
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SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings
While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity. 312 Total views 10 Total shares The Chairman of the Securities and Exchange Board of India (SEBI) Ajay Tyagi urged mutual funds to avoid investing in crypto-related assets as the government considers new…
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
Confirmed: Basis CEO Says Project Will Shut Down due to Regulatory Concerns
The United States-based stablecoin project Basis has officially confirmed that it will close operations and refund investors in comments to Bloomberg today, Dec. 13.According to Basis’ CEO Nader Al-Naji, the decision to close the project was made due to regulatory concerns over a type of token in Basis’ — as well as other algorithmic stablecoins’…
Over-the-Counter Trading as the Latest Battleground to Secure Institutional Investment
With the increasing trend for major financial institutions to invest in Bitcoin, United States crypto exchange and wallet provider Coinbase announced the launch of over-the-counter (OTC) trading for institutional customers on Nov. 27.OTC trading allows investors to carry out direct trades with each other. It means that the company’s institutional users won’t be trading through…
EU officials sign Markets in Crypto-Assets framework into law
First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states. 213 Total views 1 Total shares Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers.On May 31, Sweden’s minister for rural…
App Used in Iowa Caucus Isn’t Mobile Voting, Blockchain Voting App Says
The application that was recently used in the Iowa Democratic caucus was “not mobile voting,” according to major blockchain voting firm Voatz.The mobile software designed to calculate votes in the Iowa Democratic caucus on Feb. 3 has become the center of discussion after an alleged error in the smartphone app resulted in the Democrats delaying…
CoinTracker integrates with H&R Block to offer crypto tax preparation
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings. 814 Total views 6 Total shares Own this piece of history Collect this article as an NFTCrypto tax software provider CoinTracker is integrating its software…
China: Beijing Financial Authority Warns Against ‘Illegal’ Security Token Offerings
The director general of the Beijing Municipal Bureau of Financial Work has warned that Security Token Offering (STOs) fundraising is “illegal” activity, independent Beijing-based media outlet Caijing reported on Dec.1.The Beijing Municipal Bureau of Financial Work had hosted a "2018 Global Wealth Management Forum" on Dec. 1 where Huo Xuewen, the Beijing financial watchdog’s director,…