Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues

Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract IssuesAccording to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in […]

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Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say

Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts SayTwo experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into South Africa while growing the country’s burgeoning crypto ecosystem.” Crypto as a […]

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If Stablecoins Are Going to Be Regulated Like Banks, They Should Enjoy All the Benefits

The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within the crypto ecosystem serves as a glaring reminder that cryptocurrencies and blockchain technology […]

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Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’

Bank of America's Crypto Research Debuts: Digital Assets Are 'Too Large to Ignore'Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.” Bank of […]

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South African Exchange Sets New Crypto Withdrawal Limits — Restrictions ‘a Deterrent for Illicit Actors’

One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.” Transfers From Luno to Binance Blocked However, despite this acknowledgement, Luno has so […]

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Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year. Strategy for Crypto Market […]

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Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework

Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory FrameworkSouth Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that […]

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Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say

Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources SayIn May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is […]

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Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia

Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and AsiaGermany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines […]

The post Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia appeared first on Bitcoin News.

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Coinbase Raises $300 Million, Reaching $8 Billion Valuation

US Cryptocurrency Platform Coinbase Raises $300 Million in FundingThe San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Also read: Bitstamp Confirms Acquisition by South Korean Company Coinbase Raises […]

The post Coinbase Raises $300 Million, Reaching $8 Billion Valuation appeared first on Bitcoin News.

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