Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability. Source: https://cointelegraph.com/news/mica-systemic-banking-risks-stablecoin-tether-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Tether and Coinbase Unveil Tools for Private AI and Autonomous Blockchain Agents
Tether and Coinbase are diving deep into artificial intelligence (AI), each unveiling new tech designed to bring enhanced privacy and onchain autonomy to the blockchain world. Blockchain and AI Tools In separate announcements this week, Tether and Coinbase revealed AI-driven products poised to reshape how developers and users engage with blockchain technology. Tether’s CEO Paolo […] Source: https://news.bitcoin.com/tether-and-coinbase-unveil-tools-for-private-ai-and-autonomous-blockchain-agents/
Slovenian Regulator Grants Bitstamp License for Crypto Derivatives
Bitstamp, a cryptocurrency exchange, has received a MiFID MTF license from the Slovenian securities regulator. The license allows Bitstamp to offer more sophisticated products, including crypto derivatives, to both institutional and retail investors. The Slovenian securities regulator has granted Bitstamp a Markets in Financial Instruments Directive (MiFID) Multilateral Trading Facility (MTF) license, enabling the cryptocurrency […] Source: https://news.bitcoin.com/slovenian-regulator-grants-bitstamp-license-for-crypto-derivatives/
1inch to Feature Hong Kong Kung Fu Legend Bruce Lee in Video and NFT Campaign
1inch Network has announced a long-term partnership with the Bruce Lee Family Company, aimed at fostering the adoption of decentralized finance and Web3 under the slogan “Take crypto seriousLee.” This collaboration celebrates the legacy of Bruce Lee, whose iconic “one-inch punch” inspired the name of the 1inch platform. The partnership will kick off with a […] Source: https://news.bitcoin.com/1inch-to-feature-hong-kong-kung-fu-legend-bruce-lee-in-video-and-nft-campaign/
Bolivia continues crypto momentum as bank launches USDT custody
Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT. Source: https://cointelegraph.com/news/bolivia-banco-bisa-usdt-custody?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hong Kong issues dual-track policy for AI adoption in finance
Hong Kong’s FSTB has unveiled a balanced AI policy approach for finance while the SFC preps new crypto OTC regulations. Source: https://cointelegraph.com/news/hong-kong-ai-policy-financial-services-crypto-otc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Willy Woo on Altcoins: ‘Retail May Be Getting It’
Trader Willy Woo reflected on market trends and the behavior of altcoins in what he called this third alt-cycle. This cycle, Woo stated, is marked by the emergence of meme coins, “a piss-take on the crypto space.” Unlike the last cycle, which Woo linked to the appearance of decentralized finance (defi), he believes this time, […] Source: https://news.bitcoin.com/willy-woo-on-altcoins-retail-may-be-getting-it/
Metaplanet Stock Jumps 8% as Firm’s Bitcoin Holdings Swell to $69 Million
Metaplanet’s total Bitcoin holdings surpassed 1,000 following its latest acquisition on Sunday as it continues to round out its October spending spree in the world’s largest crypto. The Tokyo-based firm has picked up just over 156 BTC for approximately $10 million, bringing its total holdings to 1,108 ($69 million), it disclosed. Dubbed “Asia’s answer to MicroStrategy,” Metaplanet is positioning itself…
Green United promotor asks to appeal SEC’s $18M crypto mining fraud case
Kristoffer Krohn claims the SEC got its application of securities laws wrong, which a federal court agreed with — now he’s asking for an appeals court to decide who is right. Source: https://cointelegraph.com/news/green-united-promotor-wants-appeal-sec-crypto-mining-fraud-suit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hong Kong Mulls Tax Incentives for Sophisticated Crypto Investors
Hong Kong is preparing to introduce policy by the end of the year seeking to extend tax incentives to family offices and private funds investing in crypto on behalf of wealthy clients. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, said the Special Administrative Region of China wants to ensure it has the “right conducive environment for…