Zodia Custody launches service to protect users’ crypto from exchange insolvency
The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges. Go to Source Powered by WPeMatico
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Mazars says users’ BTC reserves on Binance are fully collateralized
The scope of the AUP was limited to users’ BTC holdings on Binance. Go to Source Powered by WPeMatico
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of rising above the 40% range 52 days ago, on Oct. 15. Bitcoin’s Market Superiority Lost … Read more
Security in crypto comes from liquidity or the lessons we learned after FTX
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions. Go to Source Powered by WPeMatico
Proactive sanctions can help spare the ecosystem: Chainalysis exec
Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from. Go to Source Powered by WPeMatico
Bank of Russia wants to ban miners from selling crypto to Russians
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia. Go to Source Powered by WPeMatico
US lawmakers want State Department to justify crypto rewards and disclose payouts
The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it’s more encouraging for whistleblowers. Go to Source Powered by WPeMatico
Court in China Recognizes NFTs as Virtual Property Protected by Law
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet Court Hears Case Involving Property … Read more
Paraguay’s legislature fails to reverse presidential veto on crypto regulation law
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers. Go to Source Powered by WPeMatico
Financial Stability Board aims to address crypto-related issues following ‘failure of FTX’
Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority. Go to Source Powered by WPeMatico