Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.
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Korean lawmakers rally towards crypto rules in May after grisly murder case: Report
Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.
There's a growing case for allowing crypto firms to bypass banks
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash.
Australia marks first FX transaction using a CBDC as eAUD pilot continues
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
SEC believes Filecoin is a security, Grayscale warns investors
The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying its underlying asset "meets the definition of a security."
SEC believes Filecoin is a security, Grayscale warns investors
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The United States Securities and Exchange Commission (SEC) believes Filecoin’s native FIL token is a security, crypto asset manager Grayscale Investments has revealed.
According to the May 17 announcement, Grayscale lodged an application with the regulator to launch a Filecoin Trust product on April 14, which would provide investors with indirect exposure to the underlying FIL token.
In a comment letter from SEC staff on May 16, the regulator then warned Grayscale that FIL “meets the definition of a security” under federal law and asked them to withdraw their application for the Trust product.
Grayscale stated that under its view, Filecoin is not a security and will be sending an explanation to the SEC for its reasoning.
Miami blockchain folk hero secures $5M for community tokenization
The fund will be used to help residents secure affordable housing through blockchain initiatives.
Pakistani finance minister says crypto will never be legal because of FATF
Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces.
South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials
Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do.
US Secret Service has an NFT collection: Nifty Newsletter, May 10–16
Elon Musk’s May 10 tweet featuring Milady NFT artwork drove the floor price to 7.3 ETH before settling at 5.69 ETH.
Uniswap will deploy on Polkadot parachain Moonbeam
The decentralized exchange gets a Polkadot version via the Moonbeam network.
Price analysis 5/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are selling-off on rallies, proof that investor sentiment remains negative in the short-term.
Price analysis 5/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are selling-off on rallies, proof that investor sentiment remains negative in the short-term.
LayerZero partners with Immunefi to launch $15M bug bounty
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.
Crypto.com adds Pay support for MATIC, USDC and DAI
The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.
Crypto.com adds Pay support for MATIC, USDC and DAI
The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.
Crypto.com adds Pay support for MATIC, USDC and DAI
The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.
Ripple acquires Swiss blockchain custody firm Metaco for $250M
Metaco raised $17 million in a Series A funding round in 2020. The company raised $20 million in total before being acquired.
Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms
This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level.
Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms
Bitcoin (BTC) price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite as governments seek more control over the sector.
In a memo circulated among committee members, Democrats in the United States legislature sought to cement the SEC’s authority over crypto. The document was made public on May 10, including the argument that nearly all digital assets constitute securities. Moreover, according to Gensler’s view, even network nodes are in violation of securities laws.
The United Kingdom’s Treasury Committee “strongly recommended” on May 17 regulating retail crypto trading and investment activity as gambling, consistent with the principle of “same risk, same regulatory outcome.” Treasury Committee Chair Harriett Baldwin described Bitcoin and Ether as accounting for two-thirds of the total market capitalization of crypto assets, both of which she claimed are “unbacked.”
The $735 million Bitcoin weekly options expiry on May 19 might play a decisive role in determining whether the price will capitulate by falling below $26,000.
Bitcoin could be making a short-term bottom
Bitcoin bears will try to take advantage of the negative regulatory environment, and uncertainty caused by the risk of the U.S. Treasury ‘running out of funds’ as the debt ceiling approaches. Such a pessimistic scenario partially explains why some Bitcoin traders decided to reduce exposure over the past couple of weeks.
