Hong Kong should try to speed up crypto regulation: First Digital CEO
First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins. Go to Source
Cryptocurrencies
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Consensys and Hashkey-backed $50M accelerator launches for CARV data layer
Some of the CARV accelerator’s top partners already include Arweave, Litentry and Alibaba Cloud. Go to Source
3 reasons why Ethereum price has lagged behind Bitcoin in 2024
Ethereum fell to a 40-month low in its ETH/BTC pair, and data suggests the downside is set to continue. Go to Source
UK gov’t introduces bill to clarify crypto’s legal status
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.” Go to Source
6% want to hear Harris and Trump talk about crypto at debate — Poll
The first and possibly only US presidential debate in 2024 will have the two candidates meeting in person for the first time. Go to Source
Crypto venture capital funding surges to $633M in August rebound
Crypto VC funding rose 15% from July, with growing investor interest in blockchain infrastructure development. Go to Source
South Korea to inspect crypto exchanges for suspicious transactions
South Korea’s FSS to enforce stricter regulations on crypto exchanges, with possible legal repercussions for noncompliance. Go to Source
Solana price falls 12% as Pump.fun sells $41M SOL tokens
Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on the SOL token, which could be the next major crypto to receive a spot ETF. Go to Source
Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility
According to the CEO of Polygon Labs, POL has evolved into a “hyperproductive” token, enabling the community to engage more effectively in the network’s growth. Go to Source
Crypto platform resumes UK registrations after 10-month FCA compliance pause
The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA’s guidelines oriented towards investor protection. Go to Source
