Cryptocurrency Analysis and News Portal
The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country. According to a Bloomberg report, as early as December of this year, the association wants to implement a looser screening process
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“The time for registering under the French regime … will soon come to an end,” Juvigny told a Fintech event in Paris hosted by the AMF and France's central bank. “I invite stakeholders to look, as of now, for the level of obligations which will soon be compulsory under MiCA.” Original
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JPMorgan CEO Jamie Dimon is well known for his disdain for cryptocurrency, most recently referring to crypto tokens as "decentralized Ponzis". He did however praise blockchain technology, noting its certain "real" aspects, using JPMorgan's Onyx platform for wholesale payments as an example. Original Source
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Institutional adoption of digital assets is “moving very, very fast,” and much faster than the rate nascent industries ordinarily develop at, says Coinbase Senior Advisor John D’Agostino.In an Oct. 18 interview with SALT moderated by Anthony Scaramucci, D’Agostino said that new asset classes often take time to develop, as “institutional
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BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services last week.BNY Mellon, America’s oldest bank, became the first large bank in the country to offer custody of institutional clients’ Ether (ETH) and Bitcoin (BTC) on Oct.
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The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner. EU Commissioner Calls on U.S. Lawmakers to Establish
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"The Commission's 'thumb on the scale' approach does not withstand scrutiny," the groups said, calling spot Bitcoin ETPs "ideally suited for investors that desire exposure to Bitcoin. The groups added that the SEC had allowed "similar, riskier products to enter the market," and that spot ETPs plainly satisfy regulatory requirements
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Bitcoin might be returning to the bottom of its current range; trapped for months, BTC might be unable to push higher. Driven
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In commodities, West Texas Intermediate crude and European Brent crude fell 3.7% and 1.5% respectively. Safe haven gold declined 0.47%. Copper futures, often viewed as an indicator of economic health, declined 1.7%. Year to date, copper prices are down approximately 25%. Source
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Biggs joined the Alan Howard-backed 1kx after a two-year stint at Valour. Source
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