Cryptocurrency Analysis and News Portal
With the new Markets in Crypto Assets regulation (MiCA) set to take effect within the bloc in 2024, the European Systemic Risk Board (ESRB), chaired by EU central bank chief Christine Lagarde, warned in a Thursday report of the risks of crypto lending and staking, and of high leverage in
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FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report Source
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The group, chaired by officials from the Swedish central bank and U.K. Treasury and including financial authorities from France, Germany and the European Union, suggested it would take as a blueprint a recent FSB regulatory plan that could force conglomerates to break up and stablecoins to centralize governance. Source
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China's state-backed Blockchain Service Network (BSN) has onboarded more than 10 conglomerates to its newly-launched Spartan Network, a blockchain infrastructure project. Source
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Lightnet, the company behind the Velo Protocol, recently raised $31.2 million in a Series A round.The funding was led by major financial and business groups including UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities, according to a
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