NFTs minted on FTX break, highlighting Web2 hosting flaws
NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art. Go to Source Powered by WPeMatico
Month: December 2022
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines. Go to Source Powered by WPeMatico
Stablecoin framework is a near-term priority for Aussie regulators
As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly. Go to Source Powered by WPeMatico
GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premium
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time. Go to Source Powered by WPeMatico
ETH Price to Fall to $922 by December 10, Coincodex Predicts
The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to close the following day trading above $1,000. According to the Coincodex analysis, there are presently 15 technical indicators out of a total of 28 … Read more
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate Crypto Mining in Kazakhstan, Change Licensing Rules The lower house of Kazakhstan’s parliament, … Read more
FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in
As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA. Go to Source Powered by WPeMatico
Spain’s central bank to experiment with wholesale CBDCs
The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.” Go to Source Powered by WPeMatico
US regulator to seek feedback on DeFi’s impact on financial crime
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks. Go to Source Powered by WPeMatico
Australian CBDC receives unexpected interest but could hurt banks: RBA
The pilot “eAUD” program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry. Go to Source Powered by WPeMatico
