Crypto Asset – Page 3

ASIC fires industry warning shot as it sues BPS Financial over crypto promo

The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.

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South African Financial Sector Regulator Declares Crypto Assets a Financial Product

According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital […]

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Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated […]

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Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea

Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development. Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and […]

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Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdrop Than Expected’

The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” […]

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While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations

While the New LUNA Records Gains, Do Kwon's Terraform Labs Plagued by Controversy and Accusations

It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague […]

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Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon

The once-popular and now discontinued file-sharing platform Limewire is returning after shutting down in 2010. However, rather than provide access to copyrighted music files and movies, the new Limewire aims to launch a marketplace dedicated to non-fungible token (NFT) technology. Limewire Plans to Return With an NFT Marketplace Platform Limewire plans to return from the […]

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The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when […]

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Gold Bug Peter Schiff Claims Bitcoin’s Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year

Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those that bought the asset in 2021 have not gained. Bitcoin Gains Higher Than Those […]

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Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC

304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries — Treasuries […]

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