Estonia advances cryptocurrency regulation bill amidst growing industry concerns
Cryptopolitan (RSS)
The government has approved a bill to regulate cryptocurrency service providers, a significant development for Estonia’s cryptocurrency landscape. This decision marks a crucial step towards comprehensive oversight of the burgeoning crypto sector within the country. However, the bill’s journey to becoming law hinges on a successful parliamentary vote.
Supervision by the Financial Supervision Authority (FSA)
Under the proposed legislation, cryptocurrency service providers would fall under the supervision of the Financial Supervision Authority (FSA), a move designed to bolster regulatory oversight and enhance accountability within the industry. Currently, these providers operate under the purview of the Financial Intelligence Unit (FIU) and must adhere to Anti-Money Laundering (AML) regulations.
If ...
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Cryptopolitan (RSS)
The government has approved a bill to regulate cryptocurrency service providers, a significant development for Estonia’s cryptocurrency landscape. This decision marks a crucial step towards comprehensive oversight of the burgeoning crypto sector within the country. However, the bill’s journey to becoming law hinges on a successful parliamentary vote.
Supervision by the Financial Supervision Authority (FSA)
Under the proposed legislation, cryptocurrency service providers would fall under the supervision of the Financial Supervision Authority (FSA), a move designed to bolster regulatory oversight and enhance accountability within the industry. Currently, these providers operate under the purview of the Financial Intelligence Unit (FIU) and must adhere to Anti-Money Laundering (AML) regulations.
If ...
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Bitcoin slides amid stronger U.S. dollar: Altcoins show mixed performance
Cryptopolitan (RSS)
Bitcoin experienced a 5% decline on Thursday, dipping to $64,600 from its earlier position above $68,000. The drop followed a surge on Wednesday, prompted by a dovish stance from the Federal Reserve. Concurrently, the CoinDesk 20 Index (CD20) also saw a 3.5% decline from its peak, with altcoins generally outperforming bitcoin throughout the day.
Altcoins rise while Bitcoin falters
Despite Bitcoin’s retracement, certain altcoins exhibited notable gains. Ripple’s XRP, Filecoin’s FIL, and Internet Computer’s ICP advanced 6% to 7% over 24 hours. Conversely, native tokens of layer 1 networks such as Solana (SOL), Avalanche (AVAX), and Aptos (APT) experienced losses ranging from 2% to 3%.
The res...
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Cryptopolitan (RSS)
Bitcoin experienced a 5% decline on Thursday, dipping to $64,600 from its earlier position above $68,000. The drop followed a surge on Wednesday, prompted by a dovish stance from the Federal Reserve. Concurrently, the CoinDesk 20 Index (CD20) also saw a 3.5% decline from its peak, with altcoins generally outperforming bitcoin throughout the day.
Altcoins rise while Bitcoin falters
Despite Bitcoin’s retracement, certain altcoins exhibited notable gains. Ripple’s XRP, Filecoin’s FIL, and Internet Computer’s ICP advanced 6% to 7% over 24 hours. Conversely, native tokens of layer 1 networks such as Solana (SOL), Avalanche (AVAX), and Aptos (APT) experienced losses ranging from 2% to 3%.
The res...
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SEC Chairman emphasizes the need for crypto regulation
Cryptopolitan (RSS)
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently delivered a speech emphasizing the importance of securities disclosures for the public good, particularly highlighting concerns within the crypto industry regarding noncompliance with registration requirements. The SEC Chairman’s remarks, made during an event at Columbia Law School, underscored the regulatory challenges posed by digital asset businesses that seek to operate outside the SEC’s disclosure regime.
SEC Chairman doubles down on the need for crypto regulation
One of the key points raised by the SEC Chairman was the issue of certain participants in crypto securities markets attempting to avoid registration requirements, which are essential for ensuring mandatory disclosure to investors. This lack of registration, according to Gensler, results in a lack of ...
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Cryptopolitan (RSS)
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently delivered a speech emphasizing the importance of securities disclosures for the public good, particularly highlighting concerns within the crypto industry regarding noncompliance with registration requirements. The SEC Chairman’s remarks, made during an event at Columbia Law School, underscored the regulatory challenges posed by digital asset businesses that seek to operate outside the SEC’s disclosure regime.
SEC Chairman doubles down on the need for crypto regulation
One of the key points raised by the SEC Chairman was the issue of certain participants in crypto securities markets attempting to avoid registration requirements, which are essential for ensuring mandatory disclosure to investors. This lack of registration, according to Gensler, results in a lack of ...
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WisdomTree granted NY charter to offer crypto custody and stablecoin services
Cryptopolitan (RSS)
WisdomTree, the global asset management company, has received a charter from the New York State Department of Financial Services (NYDFS) to provide crypto-related services, according to a recent statement.
This charter enables WisdomTree to operate as a limited-purpose trust company under New York Banking Law, subject to enhanced regulatory supervision. The authorization allows WisdomTree to engage in the fiduciary custody of digital assets, including offering digital wallet services, and to issue and exchange approved stablecoins. This development will lead to the establishment of WisdomTree Digital Trust Company, LLC.
With the NYDFS’s approval, WisdomTree is poised to introduce WisdomTree Prime, a personal finance app targeting New York retail customers. The app aims to offer accessible exposure to digital assets, includi...
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Cryptopolitan (RSS)
WisdomTree, the global asset management company, has received a charter from the New York State Department of Financial Services (NYDFS) to provide crypto-related services, according to a recent statement.
This charter enables WisdomTree to operate as a limited-purpose trust company under New York Banking Law, subject to enhanced regulatory supervision. The authorization allows WisdomTree to engage in the fiduciary custody of digital assets, including offering digital wallet services, and to issue and exchange approved stablecoins. This development will lead to the establishment of WisdomTree Digital Trust Company, LLC.
With the NYDFS’s approval, WisdomTree is poised to introduce WisdomTree Prime, a personal finance app targeting New York retail customers. The app aims to offer accessible exposure to digital assets, includi...
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Crypto market experiences general crash ahead of the upcoming Bitcoin halving
Cryptopolitan (RSS)
The crypto market witnessed a significant downturn on Friday, with major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing notable price declines. Bitcoin, the leading digital asset by crypto market capitalization, dropped over 4% in the last 24 hours, reaching around $63,400, as reported by CoinGecko.
The crypto market sees red ahead of BTC’s halving
This decline comes after a series of all-time high price milestones, signaling potential volatility ahead of the upcoming Bitcoin halving. Investors are closely monitoring the Bitcoin halving event, speculating on whether the current prices adequately reflect its impact. Historically, Bitcoin halvings have been associated with increased market volatility, prompting traders to adjust their positions accordingly.
Global investment firm AllianceBernstein has exp...
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Cryptopolitan (RSS)
The crypto market witnessed a significant downturn on Friday, with major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing notable price declines. Bitcoin, the leading digital asset by crypto market capitalization, dropped over 4% in the last 24 hours, reaching around $63,400, as reported by CoinGecko.
The crypto market sees red ahead of BTC’s halving
This decline comes after a series of all-time high price milestones, signaling potential volatility ahead of the upcoming Bitcoin halving. Investors are closely monitoring the Bitcoin halving event, speculating on whether the current prices adequately reflect its impact. Historically, Bitcoin halvings have been associated with increased market volatility, prompting traders to adjust their positions accordingly.
Global investment firm AllianceBernstein has exp...
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Estonia approves bill to regulate crypto service providers
Cryptopolitan (RSS)
Estonia is shaking things up in the crypto industry big time. The small Baltic nation, known for its digital savvy and e-residency perks, is rolling up its sleeves to get serious about crypto regulation. After sailing through the government, a groundbreaking bill is now waiting in the wings, ready to make its grand entrance in parliament. This bill is a master plan to bring crypto service providers under the watchful eye of the Financial Supervision Authority (FSA), which is a major change from the current system where the Financial Intelligence Unit (FIU) holds the reins. And let me tell you, the stakes are high. The old slap-on-the-wrist fines for messing up? They’re about to jump from a mere 40,000 euros to a shocking 5 million euros. You read that right. It is NOT a typo.
The Road to Crypto Clarity
...
View original post
Cryptopolitan (RSS)
Estonia is shaking things up in the crypto industry big time. The small Baltic nation, known for its digital savvy and e-residency perks, is rolling up its sleeves to get serious about crypto regulation. After sailing through the government, a groundbreaking bill is now waiting in the wings, ready to make its grand entrance in parliament. This bill is a master plan to bring crypto service providers under the watchful eye of the Financial Supervision Authority (FSA), which is a major change from the current system where the Financial Intelligence Unit (FIU) holds the reins. And let me tell you, the stakes are high. The old slap-on-the-wrist fines for messing up? They’re about to jump from a mere 40,000 euros to a shocking 5 million euros. You read that right. It is NOT a typo.
The Road to Crypto Clarity
...
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Bitcoin eyes historic seventh consecutive month rally
Cryptopolitan (RSS)
Bitcoin is on the verge of achieving a significant milestone, potentially closing its seventh consecutive month in the green by the end of March. This would mark a historic achievement in BTC’s price history, requiring the cryptocurrency to maintain a price above February’s close of $61,130, according to data from Tradingview.
Bitcoin eyes new record as its price holds steady
The last time BTC experienced such a sustained uptrend was from October 2020 to March 2021, during which its price surged by an impressive 445% from $10,781 to $58,783. However, following this remarkable rally, BTC underwent a notable correction, declining by 40% over the subsequent three months, dropping from $58,790 to $35,037.
Historically, BTC has often faced corrections in the period leading up to halving events. Nevertheless, the current influx of fu...
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Cryptopolitan (RSS)
Bitcoin is on the verge of achieving a significant milestone, potentially closing its seventh consecutive month in the green by the end of March. This would mark a historic achievement in BTC’s price history, requiring the cryptocurrency to maintain a price above February’s close of $61,130, according to data from Tradingview.
Bitcoin eyes new record as its price holds steady
The last time BTC experienced such a sustained uptrend was from October 2020 to March 2021, during which its price surged by an impressive 445% from $10,781 to $58,783. However, following this remarkable rally, BTC underwent a notable correction, declining by 40% over the subsequent three months, dropping from $58,790 to $35,037.
Historically, BTC has often faced corrections in the period leading up to halving events. Nevertheless, the current influx of fu...
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America, the [senseless] economy that you are
Cryptopolitan (RSS)
America is like that one friend who, despite consuming a diet consisting mainly of processed sugar and fast food, somehow remains inexplicably in shape. So, interest rates in the U.S. have hovered above 5% for close to a year now. Logic dictates that this should have some visible impact—slowing down the service industry, perhaps, or making the job market twitch. Yet, here we are, witnessing an economy that, on paper, seems invincible, untouched by the equivalent of a high cholesterol warning.
A Dance with Dollars
To make sense of America’s senseless economy, here is Dario Perkins, a strategist with some serious cred. This guy, like me, wonders why the anticipated economic apocalypse, courtesy of rising interest rates, still hasn’t materialized. Imagine, if you will, the collective nail-biting se...
View original post
Cryptopolitan (RSS)
America is like that one friend who, despite consuming a diet consisting mainly of processed sugar and fast food, somehow remains inexplicably in shape. So, interest rates in the U.S. have hovered above 5% for close to a year now. Logic dictates that this should have some visible impact—slowing down the service industry, perhaps, or making the job market twitch. Yet, here we are, witnessing an economy that, on paper, seems invincible, untouched by the equivalent of a high cholesterol warning.
A Dance with Dollars
To make sense of America’s senseless economy, here is Dario Perkins, a strategist with some serious cred. This guy, like me, wonders why the anticipated economic apocalypse, courtesy of rising interest rates, still hasn’t materialized. Imagine, if you will, the collective nail-biting se...
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Pakistan University kickstarts classes in the Metaverse
Cryptopolitan (RSS)
The Information Technology University of Lahore in Pakistan has introduced the nation’s inaugural virtual reality-based classes within the metaverse, marking a significant advancement in educational technology. This pioneering initiative, as reported by local Pakistani news outlet Samaa TV, aims to simulate the conventional classroom environment through the utilization of virtual reality headsets and motion tracking technology.
Pakistan University launches metaverse-based learning
Professor Ibrahim Ghaznavi, the head of the computer sciences department at ITU Lahore, expressed optimism regarding the potential of this initiative to enhance the academic capabilities of participating students. This move towards virtual reality-based education comes in the aftermath of the COVID-19 pandemic, during which online c...
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Cryptopolitan (RSS)
The Information Technology University of Lahore in Pakistan has introduced the nation’s inaugural virtual reality-based classes within the metaverse, marking a significant advancement in educational technology. This pioneering initiative, as reported by local Pakistani news outlet Samaa TV, aims to simulate the conventional classroom environment through the utilization of virtual reality headsets and motion tracking technology.
Pakistan University launches metaverse-based learning
Professor Ibrahim Ghaznavi, the head of the computer sciences department at ITU Lahore, expressed optimism regarding the potential of this initiative to enhance the academic capabilities of participating students. This move towards virtual reality-based education comes in the aftermath of the COVID-19 pandemic, during which online c...
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AI Firm Anthropic Excludes Saudi Buyers for FTX Stake Deal
CoinGape (RSS)
Anthropic, an AI startup, has decided to exclude investors from Saudi Arabia in its latest financial endeavor. The company is currently in the process of selling a stake previously owned by the now-defunct cryptocurrency exchange FTX.
FTX Sale Amid Bankruptcy Proceedings
Anthropic is at a pivotal juncture, seeking to sell an 8% stake that FTX once acquired for $500 million. This stake, worth more than $1 billion today, is one of the components of Anthropic’s approach to assets management during FTX’s bankruptcy settlements.
The sale is designed to recover the losses of FTX users who suffered losses when the exchange ceased to operate. The valuation of Anthropic at ...
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CoinGape (RSS)
Anthropic, an AI startup, has decided to exclude investors from Saudi Arabia in its latest financial endeavor. The company is currently in the process of selling a stake previously owned by the now-defunct cryptocurrency exchange FTX.
FTX Sale Amid Bankruptcy Proceedings
Anthropic is at a pivotal juncture, seeking to sell an 8% stake that FTX once acquired for $500 million. This stake, worth more than $1 billion today, is one of the components of Anthropic’s approach to assets management during FTX’s bankruptcy settlements.
The sale is designed to recover the losses of FTX users who suffered losses when the exchange ceased to operate. The valuation of Anthropic at ...
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Breaking: AMM Feature Goes Live on XRP Ledger (XRPL) Mainnet
CoinGape (RSS)
After months of amendments and waiting, the XRP Ledger (XRPL) has finally welcomed the Automated Market Maker (AMM) feature to go live on the mainnet.
XRP Ledger AMM: New Pool Emergence
The AMM feature on the XRP Ledger was teased more than a year ago and it follows many developmental efforts and amendments by developers associated with Ripple Labs. As announced by the XRP Ledger explorer XRPScam, the first pools have started rolling into the new Automated Market Maker engine.
The new AMM engine has some liquidity pools with the top 5 pools showcased in the X post. The pool with the largest liquidity featured the address “rf7g4JWC…..hCaV” with the XRP/CSC token pair. The pool has an LPToken balance of 19,948,160.210725 units.
...
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CoinGape (RSS)
After months of amendments and waiting, the XRP Ledger (XRPL) has finally welcomed the Automated Market Maker (AMM) feature to go live on the mainnet.
XRP Ledger AMM: New Pool Emergence
The AMM feature on the XRP Ledger was teased more than a year ago and it follows many developmental efforts and amendments by developers associated with Ripple Labs. As announced by the XRP Ledger explorer XRPScam, the first pools have started rolling into the new Automated Market Maker engine.
The new AMM engine has some liquidity pools with the top 5 pools showcased in the X post. The pool with the largest liquidity featured the address “rf7g4JWC…..hCaV” with the XRP/CSC token pair. The pool has an LPToken balance of 19,948,160.210725 units.
...
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Why is Bitcoin price down today?
Cointelegraph.com News (RSS)
Bitcoin price is down today as a swift reversal in market sentiment triggered a wave of liquidations.
Cointelegraph.com News (RSS)
Bitcoin price is down today as a swift reversal in market sentiment triggered a wave of liquidations.
Ethereum price clings to key support amid SEC probe and traders’ shifting sentiment
Cointelegraph.com News (RSS)
On-chain activity within Ethereum layer-2 protocols and ETH derivatives data suggests that the altcoin will hold the $3,200 level.
Cointelegraph.com News (RSS)
On-chain activity within Ethereum layer-2 protocols and ETH derivatives data suggests that the altcoin will hold the $3,200 level.
New Floki Roadmap Features Debit Card, Shifts Beyond Meme Status
CoinGape (RSS)
A major upgrade to Floki‘s roadmap was recently released. This shows that it has big intentions to go beyond its meme coin beginnings. Floki wants to develop into a complete financial solutions company. A significant change has occurred with the advent of digital banking accounts. Users will soon be using FLOKI tokens to top these off. This innovation should make it easy to combine cryptocurrencies with conventional bank transactions.
The digital accounts will be valid for transactions in the most influential currencies, like the dollar, euro, and pound. Lucky Floki enters the foray by introducing debi...
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CoinGape (RSS)
A major upgrade to Floki‘s roadmap was recently released. This shows that it has big intentions to go beyond its meme coin beginnings. Floki wants to develop into a complete financial solutions company. A significant change has occurred with the advent of digital banking accounts. Users will soon be using FLOKI tokens to top these off. This innovation should make it easy to combine cryptocurrencies with conventional bank transactions.
The digital accounts will be valid for transactions in the most influential currencies, like the dollar, euro, and pound. Lucky Floki enters the foray by introducing debi...
View original post
Top 5 Cryptocurrencies To Watch Out In Crypto Bull Run 2024
CoinGape (RSS)
Crypto assets have gained momentum in recent months following huge institutional inflow into the market. These inflows were ignited in Q2 2023 after BlackRock’s Bitcoin (BTC) spot ETF application that opened the door to more traditional firms desiring a piece of the market leader. As the crypto highs continue, here’s a list of the top five crypto assets to watch out for in 2024.
Bitcoin
It’s no surprise that Bitcoin is an asset to watch out for a bull run in 2024 based on recent performance and future events. From Q4 2023, investors increased their appetite for the market leader pushing the price above $44,000 before the end of the year.
This year, Bitcoin soared to a new all-time high above $72,000 after the approval of ETFs and has dragged the entire crypto market to a bull phase. Bitcoin is an asset keen for more h...
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CoinGape (RSS)
Crypto assets have gained momentum in recent months following huge institutional inflow into the market. These inflows were ignited in Q2 2023 after BlackRock’s Bitcoin (BTC) spot ETF application that opened the door to more traditional firms desiring a piece of the market leader. As the crypto highs continue, here’s a list of the top five crypto assets to watch out for in 2024.
Bitcoin
It’s no surprise that Bitcoin is an asset to watch out for a bull run in 2024 based on recent performance and future events. From Q4 2023, investors increased their appetite for the market leader pushing the price above $44,000 before the end of the year.
This year, Bitcoin soared to a new all-time high above $72,000 after the approval of ETFs and has dragged the entire crypto market to a bull phase. Bitcoin is an asset keen for more h...
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How are UK consumers doing in the face of this “stable” economy?
Cryptopolitan (RSS)
Amid the rollercoaster ride that is the UK’s economy, whispers and shouts about its stability—or the lack thereof—are everywhere. Yet, here we stand, taking a deep dive into how the average citizens are faring. Recent findings by researchers at GfK throw a bit of light, though a kind of flickering one, on the state of UK consumers’ confidence, especially regarding their wallets. It seems that after a few years, people are finally feeling a tad more optimistic about their financial future.
GfK’s numbers show an uptick to a positive 2 in March, a breath of fresh air considering this figure hasn’t peeked above zero since the tail end of 2021. That’s right. For the first time in over a year, people are not entirely pessimistic about their financial prospects. But before we pop the champagne and dance on the tables, let’s not forget that the o...
View original post
Cryptopolitan (RSS)
Amid the rollercoaster ride that is the UK’s economy, whispers and shouts about its stability—or the lack thereof—are everywhere. Yet, here we stand, taking a deep dive into how the average citizens are faring. Recent findings by researchers at GfK throw a bit of light, though a kind of flickering one, on the state of UK consumers’ confidence, especially regarding their wallets. It seems that after a few years, people are finally feeling a tad more optimistic about their financial future.
GfK’s numbers show an uptick to a positive 2 in March, a breath of fresh air considering this figure hasn’t peeked above zero since the tail end of 2021. That’s right. For the first time in over a year, people are not entirely pessimistic about their financial prospects. But before we pop the champagne and dance on the tables, let’s not forget that the o...
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SEC pushes back decision on Grayscale Ether futures ETF
Cointelegraph.com News (RSS)
The United States securities regulator has postponed its decision on approving Grayscale's Ethereum Futures Trust ETF product until the end of May.
Cointelegraph.com News (RSS)
The United States securities regulator has postponed its decision on approving Grayscale's Ethereum Futures Trust ETF product until the end of May.