LONDON, Feb 1 (Reuters) – Britain’s finance ministry said on Wednesday that turmoil in the sector and the collapse of exchange FTX indicated risks that needed to be addressed. Cryptocurrencies such as Bitcoin have little direct control globally, but regulators are closely watching the FTX collapse last year, which cost millions of investors billions of … Read more
The United States Securities and Exchange Commission (SEC) has been investigating traditional Wall Street investment advisors who may offer digital asset protection to clients without proper qualifications. On January 26, Reuters reported that “three sources with knowledge of the matter” said the SEC’s investigation had been ongoing for several months, but was accelerated after the … Read more
Compact crypto lending platform Vald gets one more term of lender protection from a Singapore court. The company must come up with a restructuring plan before February 28. On January 17, Bloomberg reported that Vald has been given more than a month to close negotiations with two digital asset fund managers to take over executive … Read more
This year the crypto market has been rocked by many crises, the weather has been a constant presence. With this in mind, many traders have lost faith in traditional CEX trading and are looking to change their strategies. Turning to alternative trading styles and products is a way to reduce risk and minimize losses. Cointelegraph’s … Read more
Now in the year Far from an exhaustive list, but the following were selected as a direct response to the drama we faced in 2022. Self protection In the year Shocking events of 2022 will generally guide the trends of the coming year. To catch you up to speed, when FTX collapsed in November, it … Read more
Dublin — (Business Wire–The “Global Crypto Wallet 2022-2026” report has been added here. ResearchAndMarkets.com’s Providing. The crypto wallet market is set to grow at $686.05 million during 2022-2026, accelerating at a CAGR of 24.19% during the forecast period. The market is driven by people’s inclination towards digital currency, increasing demand for cryptocurrencies globally, and usage … Read more
As major cryptocurrency exchanges such as FTX flounder amid high volatility, nearly 90 percent of cryptocurrencies have low trading volume, while 2 percent of crypto coins have healthy liquidity, a new study has found. There are only 153 major crypto coins traded on multiple exchanges. In contrast, according to a report compiled by Bitstacker, there … Read more
Hong Kong’s Legislative Council has approved new amendments to its anti-money laundering (AML) and terrorist financing regime to include virtual asset service providers. The new law will establish a new licensing system for virtual asset service providers that will take effect on June 1, 2023. The new amendment will subject crypto exchange service providers to … Read more
Opera’s crypto browser is launching a non-volatile token (NFT) creation feature. Now creating an NFT will be as easy as dragging and dropping a picture on the browser. It generates a basic smart contract and uploads its content to the Blockchain. The company partnered with Alteon Launchpad to develop NFT’s feature, a cloud-based ecosystem for … Read more
Weeks after the AAX exchange began suspending its funds, the vice president of global marketing and communications has announced that he is stepping down from his role at the cryptocurrency exchange. In a Twitter thread, Ben Casselin Confirmed He highlighted the reasons why he left the company and why he decided to leave his post … Read more