Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank
The Bitcoin Adoption fund will have long-only exposure to Bitcoin and be available to institutional investors. Go to Source
Cryptocurrencies
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UK House of Lords passes bill to seize stolen crypto
During the bill’s review phase, the House of Lords agreed on certain amendments to clarify its intent of targeting monetary proceeds from fraud or other financial crimes. Go to Source
SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US
The commissioner said she had seen awareness and knowledge of digital assets grow in her five years at the SEC, but largely, there was “more of the same” on enforcement actions. Go to Source
Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi
The funds include $380 million for early-stage investments and a $200 million dollar “opportunity fund.” Go to Source
Rep. Tom Emmer: Digital assets will be a ‘sleeper issue’ for 2024 elections
Three candidates from both the Democratic and Republican parties have taken anti-CBDC positions as part of their 2024 presidential run. Go to Source
Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares
Crypto investment products have seen over $450 million in cumulative outflows over the past nine weeks. Go to Source
NYDFS calls for public feedback on proposed crypto regulatory guidance
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist Go to Source
What bear market? These crypto websites see traffic rising in 2023
Crypto exchanges like HTX (formerly Huobi) and OKX have seen its traffic surging 200% and 185% YTD, respectively. Go to Source
Malta begins public consultation on revised crypto rules to align with MiCA
Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA coming into effect in December 2024. Go to Source
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies. Go to Source