The European Union’s Markets in Crypto-Assets legislation could create an easier environment for exchanges to operate in, according to Binance’s VP of Europe.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Investors increasingly confident of Ripple's victory over SEC: CoinShares
Recent developments in the Ripple vs Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP-tied investment products, according to investment data from CoinShares’ head of research James Butterfill.
In its latest Digital Asset Fund Flows published on Nov. 7, Butterfill noted that XRP investment products have seen a third consecutive week of institutional inflows, clocking $1.1 million.
Butterfill said the figures imply "improving investor confidence as the SEC case against Ripple looks increasingly fragile."
The last few weeks have seen Ripple Labs gaining increasing support from heavy hitters in the crypto industry including Coinbase and the Blockchain Association.
In a Nov. 4 post, General Counsel for Ripple Stuart Alderoty announced to his 89,000 followers that "A dozen independent voices - companies, developers, exchanges, public interest and trade assoc's, retail holders” had offered their help to explain how “dangerously wrong the SEC is."
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
The list comes out as part of Australia's 2022 Scams Awareness Week.
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
The list comes out as part of Australia's 2022 Scams Awareness Week.
Rivals steadfast even as two Aussie crypto ETF providers bail
The last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter.
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers.
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers.
Russia's Central Bank report examines crypto's place in the financial system
Russia's Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system.
Russia's Central Bank report examines crypto's place in the financial system
Russia's Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system.
Judge rules LBRY video platform’s token is a security in case brought by the US SEC
The court was unmoved by LBRY’s objections that the regulator’s claims were unfounded and it was not given the chance to operate in compliance with SEC requirements.
AAA gaming companies will look like peanuts as GameFi evolves: Skale CEO
Finding a sustainable GameFi model is still challenging, as user experience ranks at the top of industry concerns.
Bitcoin miner Iris Energy faces $103M default claim from creditors
The company is facing a cash flow crisis due to tough market conditions.
Report: GALA token exploit resulted from public leak of private key on GitHub
It appears that the leaked private key caused a change of ownership in the compromised smart contract 70 days prior.
Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7
Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections.
Trademarks filed for NFTs, metaverse and cryptocurrencies soar to new levels in 2022
Trademark applications filed for NFTs alone grew from a total of 2,142 filed for 2021 to 6,855 by the end of October 2022.
Bitcoin bulls fail to hold $21K, but pro traders refuse to flip bearish
BTC bears have successfully suppressed Bitcoin price below $25,000 for 147 daily closes, but derivatives data shows no desperation from pro traders
Bitcoin bulls fail to hold $21K, but pro traders refuse to flip bearish
147 days have passed since Bitcoin (BTC) closed above $25,000, and the result is that investors are less sure that the $20,000 support will hold. Backing these concerns are persistent global financial and macroeconomic tensions, which escalated on Nov. 7 after European Union officials expressed concerns over the $369 billion U.S. Inflation Reduction Act.
The extended tax, health and climate bill was approved in August and it also includes subsidies for electric cars and battery supply chains that are made in North America.
According to CNBC, this is not the first time that Europe has expressed its concerns, citing international trade rules and "discriminatory" policies.
There's additional uncertainty coming from the Nov. 8, U.S. midterm elections which will determine which party controls Congress. Currently, Democrats have a majority in the Lower House, but a change in this status could ease President Biden's future spending plans.
In other news, Apple announced a temporary reduction in iPhone 14 production due to Covid-19 restrictions in China. To put things in perspective, Apple's $2.2 trillion market capitalization has surpassed the sum of Alphabet (Google) and Amazon.
Queen Máxima of the Netherlands comes out in support of digital euro
"Let us envision that better future and build a digital euro that works for all Europeans," said the queen in virtually addressing members of the European Commission.
SBF calls for collaboration with Binance 'for the ecosystem'
FTX founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that "a competitor is trying to go after the cryptocurrency exchange with false rumors", while also calling for collaboration with the rival exchange Binance.
The comments follow a statement from Binance CEO Changpeng “CZ” Zhao concerning the liquidation of the exchange's position in FTX token (FTT) as “post-exit risk management” over the weekend.
FTX "assets are fine", according to SBF, who also alleged that the exchange has enough funds to cover all clients holdings and does not invest client assets, even in treasuries. He also said that:
"[FTX] It's heavily regulated, even when that slows us down. We have GAAP audits, with > $1b excess cash. We have a long history of safeguarding client assets, and that remains true today."
Binance co-founder & Chief Customer Service Officer Yi He clarified that the sell-off of FTT had nothing to do with the alleged war between the two exchanges.
US authorities announce conviction connected to Bitcoin stolen from Silk Road
U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin.