When the MiCA Act takes effect in 2024, cryptocurrency exchanges will benefit from uniform rules and regulations for the sector throughout Europe. According to Eric Anziani, president of Crypto.com, the Markets in Crypto-Assets (MiCA) law may accelerate the attempts of major cryptocurrency exchanges to expand throughout Europe. Speaking confidentially, Anziani emphasised how it has become

According to DeFiLlama statistics, Pendle, a decentralised finance (DeFi) platform that provides dividends in the form of transferable digital tokens, has $990 million in total value locked (TVL). By dividing DeFi investments into principal tokens (PTs) and yield tokens (YTs), Pendle functions as a price discovery tool. This enables investors to speculate on and lock

Following the approval of spot bitcoin exchange-traded funds (ETFs) in the United States last month, Bitcoin (BTC) mining companies seem to have bottomed out. Broker Bernstein advises buying its preferred stocks in the industry ahead of the next reward halving, the company said in a research report on Thursday. According to Bernstein, the biggest cryptocurrency

The website, white paper, and other protocol information have been made public for M^0, or “M Zero,” a protocol that enables international institutions to issue stablecoins backed by fungible T-bills.Last year, the team—which includes formidable stablecoin pioneers from MakerDAO and Circle—came out of stealth thanks to a sizable $22.5 million seed investment headed by Pantera Capital.With the present tokenization trend, everyone from start-ups to Wall Street banks is building blockchain-based Treasuries and other unique products, such yield-bearing stablecoins. However, according to M^0 Labs CEO Luca Prosperi, these companies are just producing an increasing amount of their goods that are sent on-chain. Prosperi feels that a centralized entity shouldn’t mint stablecoins or keep fractionalizing liquidity.As a result, M^0 adopts some of the original concepts from MakerDAO, a community hub led by Prosperi, but institutionalizes that vision. “We’re trying to recreate networks, with rules and smart contracts for people to interact and produce digital assets,” Prosperi said in an interview. “Think about the protocol as a governor of the Eurodollar system; so, a set of rules that can allow a new generation of offshore dollar players to come and interact.

The website, white paper, and other protocol information have been made public for M^0, or “M Zero,” a protocol that enables international institutions to issue stablecoins backed by fungible T-bills.Last year, the team—which includes formidable stablecoin pioneers from MakerDAO and Circle—came out of stealth thanks to a sizable $22.5 million seed investment headed by Pantera Capital.With the present tokenization trend, everyone from start-ups to Wall Street banks is building blockchain-based Treasuries and other unique products, such yield-bearing stablecoins. However, according to M^0 Labs CEO Luca Prosperi, these companies are just producing an increasing amount of their goods that are sent on-chain. Prosperi feels that a centralized entity shouldn’t mint stablecoins or keep fractionalizing liquidity.As a result, M^0 adopts some of the original concepts from MakerDAO, a community hub led by Prosperi, but institutionalizes that vision. “We’re trying to recreate networks, with rules and smart contracts for people to interact and produce digital assets,” Prosperi said in an interview. “Think about the protocol as a governor of the Eurodollar system; so, a set of rules that can allow a new generation of offshore dollar players to come and interact.

Do Kwon, one of the co-founders of Terraform Labs, has prevailed in a retrial of the Montenegro High Court’s ruling to maintain the extradition demands of the United States and South Korea. In an effort to reverse the High Court’s ruling in support of the extradition demands, Kwon first prevailed in an appeal in November.

According to JPMorgan (JPM) in a research paper released on Wednesday, there is evidence that the Blackrock (BLK) and Fidelity spot bitcoin (BTC) exchange-traded funds (ETFs) currently have an advantage over Grayscale when it comes to specific liquidity indicators connected to market breadth. According to the report, Grayscale’s GBTC fund is expected to lose out

According to a statement released on Thursday, Akarlap Yimwilai, the former CEO of Zipmex Thailand, was charged by Thailand’s Securities and Exchange Commission (SEC) of corruption and dishonesty. Before a notice of the terms and conditions revisions was issued, the SEC discovered that user funds stored in the cryptocurrency exchange’s Z Wallet had been moved

According to a filing, the U.S. Securities and Exchange Commission (SEC) postponed making a decision on a spot ether (ETH) exchange-traded fund (ETF) that Invesco and Galaxy Digital jointly proposed on Tuesday. Professional investors would be able to directly invest in spot ether using the proposed offering. For regulated U.S. investors and funds, ether futures

The London-based company B2C2, a liquidity provider, received regulatory licence in Luxembourg to operate as a virtual asset service provider (VASP) in order to increase its market share inside the European Union. With approval, B2C2 can provide institutional clients with over-the-counter (OTC) spot cryptocurrency services. It is now officially listed as the 12th VASP on

South Korea’s finance authority said on Wednesday that anyone who commit cryptocurrency crimes might be sentenced to life in jail when new consumer protection laws go into force in July. The Virtual Asset User Protection Act is a consumer protection framework that was introduced in December by the Financial Services Commission (FSC). Market manipulation, unlawful

Developer Consensys of MetaMask, a self-custodial cryptocurrency wallet, announced in a news release on Tuesday that users can now purchase cryptocurrencies using the well-known online trading platform Robinhood.Through the integration, holders of Robinhood accounts can fund and move their cryptocurrency holdings to their MetaMask wallets, while MetaMask users can buy digital assets utilizing Robinhood’s order flow. The offering is a result of MetaMask integrating the trading platform’s fiat-crypto on-ramp called Robinhood Connect as a service provider in its “Buy Crypto” feature. An essential piece of infrastructure, on-ramps act as a link between the blockchain-based crypto economy and the conventional financial system.As a result, it’s crucial for integrating users with web3 applications.In April, Robinhood launched its own on-ramp functionality, allowing users to fund their cryptocurrency wallets inside of a decentralized app. “We know that crypto and internet users want greater control and ownership,” Lorenzo Santos, senior product manager at Consensys, said in the press release. “This will help more

On Tuesday, there was a five-hour downtime on Solana, the low-latency blockchain that has witnessed a tremendous increase in activity in recent months.As long as the issue persisted, Solana’s SOL token fell from roughly $96 before it started to less than $94 now.More than the 1% decline in the CoinDesk 20 Index, which serves as a benchmark for the biggest cryptocurrencies, it was down 2.5% as of late. According to blockchain statistics, transaction processing started up again approximately 15:00 UTC.According to statistics, they had halted at 09:52 UTC.After the Solana network went down for about two days in April 2023, the halt occurred over a year later. “Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating,” Laine, a Solana validator, said in an X post when the problem was still going on. Core engineers said they identified a fix and were building a new version for validators to upgrade, network

According to a Tuesday report by Yonhap News, three executives of the yield platform Haru Invest have been arrested by South Korean authorities for allegedly stealing cryptocurrency valued at 1.1 trillion won ($828 million) from over 16,000 users. According to reports, the Joint Investigation Team of Virtual Asset Crimes of the Seoul Southern District Prosecutors’

At the request of the U.S. Securities and Exchange Commission (SEC), a New York judge has ordered Ripple Labs to provide specific financial accounts and details on the institutional sale of XRP tokens, according to court documents from Monday. The early January request from the SEC comes after a significant ruling in the legal case

A provincial supreme court judge found that B.C. Hydro, the province’s power company, was justified in placing a moratorium on cryptocurrency mining operations. The decision was published online on Monday. A forestry company called Conifex Timber, which had ventured into cryptocurrency mining, was contesting the embargo. Conifex and the native Tsay Keh Dene Nation were

In a Series A fundraising round, the mobile payments service Oobit raised $25 million, the business announced on Monday.The Titan Fund of CMCC Global, 468 Capital, Solana co-founder Anatoly Yakovenko, and Tether’s investment division led the financing.A representative for the Singapore-based business declined to disclose the amount the investment was worth. While businesses get fiat money, customers can use the Oobit app to pay using cryptocurrency.With the ability to pay with funds from their Oobit wallet at any point of sale that takes Visa (V) or MasterCard (MA), the tap-and-pay feature helps make cryptocurrency payments more widely available.According to the company, it intends to enable third-party wallets, turning Oobit into a non-custodial cryptocurrency payments platform. “With the backing of industry leaders, this funding round marks a pivotal moment for Oobit, propelling us forward in our mission to allow a simple way to pay with digital assets anywhere.” Amram Adar, Oobit’s co-founder and CEO, said in a statement. “We have several partnerships in the pipeline that will be announced

In a motion submitted on recently, bankrupt cryptocurrency lender Genesis requested permission from a U.S. judge to sell more than $1.6 billion in bitcoin (BTC), ether (ETH), and ethereum classic (ETC) that were stored in trust products offered by Grayscale. The market may witness strong selling pressure on bitcoin if the motion is adopted. FTX,

Tax measures that would allow financial institutions to collect taxes on behalf of the government have been unveiled by Spain’s Ministry of Finance. In order to be able to seize digital assets in order to pay off tax bills, the Spanish Ministry of Finance is seeking to increase the scope of its oversight over cryptocurrency

The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, stated that he intends to continue discussions with the Securities and Exchange Commission (SEC), with a particular focus on spot bitcoin exchange-traded funds (ETFs), as reported by Hankyung on Monday. “I met with SEC Chairman Gary Gensler (this year) and there are areas where

The insolvent cryptocurrency lending company’s creditors emphasised the urgency of receiving quick approval to sell the shares before any future market swings. Genesis, a bankrupt cryptocurrency lending company, has asked the US Bankruptcy Court for authorization to sell its about $1.6 billion worth of shares in the Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE),

The FTX reorganisation proposal was dubbed a “highway robbery of highway robbers” by former Securities Exchange Commission (SEC) official John Reed Stark. According to former Securities Exchange Commission (SEC) official John Reed Stark, the FTX reorganisation plan could be a means for the legal team to make money off of the bankruptcy proceedings. Stark stated

Steve Christie, a former senior vice president of compliance at Binance, has been brought back to the position of deputy chief compliance officer. Christie’s main duty, according to a recent statement from the exchange, will be to improve Binance’s compliance structure through cooperation with authorities, business executives, and other stakeholders. He is a good fit

The US securities regulator has charged a cryptocurrency trading course teacher for deceiving fifteen students into depositing a total of $1.2 million in a hedge fund that offered profitable returns. He purportedly used cutting-edge technology, but he reportedly stole the money before the investment fund was even launched. In a recent announcement, the U.S. Securities

In order to avoid the uncertainty and delay of litigation, the bankrupt firms reduced the amount from a much higher debt. On February 1st, FTX submitted a move to a Delaware court to sell its claim against the bankrupt digital financial services company Genesis Global Capital for $175 million. The hedge fund connected to the

The accusations made against the employees of the school district align with the recent crackdown on cryptocurrency mining operations by the US energy authority. Two senior staff members of the Patterson Joint Unified School District have been charged by the US Department of Justice (DOJ) for allegedly running a cryptocurrency mining operation on the grounds

The first bitcoin (BTC) exchange-traded funds (ETFs) to surpass Grayscale’s GBTC trading volume on Thursday were BlackRock’s IBIT and ProShares’ BITO. As of Thursday’s close, BITO had exchanged $298 million, while IBIT had $306 million in deals placed. Data gathered from many sources indicates that $291 million less was traded on GBTC. Additionally, according to