Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses
The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted. Source
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Aave’s path to decentralization hopes to attract institutional investors
Aave has emerged as a top DeFi protocol with $1.5B locked in its smart contracts. It has also become the first DeFi project to reach a $1B market cap and receive an Electronic Money Institution license from the United Kingdom Financial Conduct Authority.Aave recently launched its Aavenomics proposal to reward
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Huobi’s Derivatives Platform Rebranded as Huobi Futures to Attract More Investors
Huobi Group has rebranded its cryptocurrency derivatives exchange platform Huobi DM to Huobi Futures.According to the announcement from spokesperson and head of Huobi global business Ciara Sun the new name of the exchange is to signify the growth of the nascent industry into one that is now garnering the interests
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Hawaii Launches Digital Currency Sandbox to Attract Crypto Firms
The governor’s office of Hawaii revealed its new ‘Digital Currency Innovation Lab’ on March 17 — a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC).The initiative will run for
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Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst
A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for 2020. At least one of its clients is an alleged related party who is unable to honor the $150 million purchase contract.Aurelius Value also considers Canaan’s
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Singapore AML Framework Can Attract Crypto Businesses, Not Chase It Away
As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services Act went into effect, setting up a framework for the regulation of payment-related
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Crypto Loans See Solid Growth, Platforms Attract Community Interest
It may seem surprising, but platforms designed for loans and lending through the use of cryptocurrencies are a relatively new development for the crypto industry. Each platform adheres to its own strategy, but the idea shared by all is that users put their cryptocurrency into an automated smart contract
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Bitcoin and Gold Attract More Investors as US-China Trade War Intensifies
As two largest world powers, the US and China, tussle for economic hegemony, investors are drawing closer than ever to Bitcoin(BTC)trade and gold to shelter themselves from the turbulent stock market, a recent report from the US-based multi-asset investment firm eToro, said.On August 26, an article was published by The
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