In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax amnesty for all those who’ve registered. As the reasoning goes, the previous draft would lead to federal budget losses. The fresh draft of…
In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). According to an announcement sent to Cointelegraph on Tuesday, JADAT will be created to offer custodial services along with auditing and wallet insurance. The company is designed to…
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams. Uruguay Educates on Crypto-Related Scams More and more…
Bitcoin (BTC) stuck to “rangebound movements” into May 24 as price action avoided expected volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No joy for BTC bulls after DXY downmove Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to circle $29,000 after failing to hold $30,000 support. On hourly timeframes, the pair thus continued a familiar pattern of swings…
Scott Minerd is betting on Bitcoin ‘s price again; this time, he’s saying that we’re not even close to the bottom. Minerd is a founding managing partner and CIO at Guggenheim, guiding the firm’s investment strategies. Guggenheim Partners currently holds more than $323 billion in assets under management. In an interview with CNBC’s Squawk Box on Monday, the Guggenheim CIO said…
Several gaming- and NFT-adjacent cryptocurrencies including The Sandbox (SAND), Axie Infinity (AXS), Decentralannd (MANA), and Gala (GALA) have suffered heavy losses in the past 24 hours. SAND, the native token of the metaverse platform, shed 9% of its value over the past day and is currently trading at $1.28 according to data from CoinMarketCap. The token is the market’s 41st-largest…
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade custody for digital assets and NFTs. Sumitomo Mitsui Trust Bank to Enter Digital Custody Business Sumitomo Mitsui…
Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). WEF 2022, the first in-person World Economic Forum event since the pandemic started, continues to bridge traditional finance with the future of money on its third day. The Cointelegraph ground…
ADDX, a blockchain and smart contract-based digital securities platform from Singapore raised $58 million from mainstream financial institutions to fund its goal of reducing minimum private investment sizes via tokenization and fractionalization. The Monetary Authority of Singapore regulates ADDX as a digital securities exchange that aims to democratize private markets. The Pre-Series B funding round saw participation from the Stock…
It would be a mistake to completely avoid cryptocurrencies after the recent collapse of the TerraUSD (UST) stablecoin and its sister token LUNA, according to Kristalina Georgieva, the managing director of the International Monetary Fund (IMF). “I would beg you not to pull out of the importance of this [crypto] world,” Georgieva said at the World Economic Forum’s annual meeting in…
