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The global standard-setter IOSCO's new fintech task force will focus on setting up policy recommendations for digital assets to be published in 2023. Original Source
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"The FSB is working to ensure that crypto-assets are subject to robust regulation and supervision," the statement said, adding the recent "turmoil" in crypto markets highlights the intrinsic volatility and structural vulnerabilities as well as the increasing interconnectedness between crypto markets and the traditional financial system. Source
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As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational
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Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems.Geopolitical agitations, the
Read MorePlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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A note published by the United States Federal Reserve on a recently held conference found a majority of exports believe a U.S. dollar central bank digital currency (CBDC) would not drastically change the global currency ecosystem. Panelists at the conference also agreed CBDC development outside of the U.S. doesn’t threaten
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The body, which is responsible for ensuring the stability of the financial system in the EU, said in a statement on Thursday that while crypto assets currently have a limited hold on the financial system, ”these risks could materialize quickly and suddenly.” Source
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Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders looks to $19,500 for supportData from Cryptox Markets Pro and TradingView followed BTC/USD as it crossed below the $20,000 mark for the first time in nearly a week
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In today’s market, plenty of trading platforms, including mainstream exchanges like Binance, Huobi, Bybit, and KuCoin, have introduced futures contracts. Huobi has extensive experience in futures and provides a wide range of linear/inverse contract markets. However, its market share has fallen sharply, and the platform’s user traffic is also going
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James Hume, head of sales at Huobi Global, said that while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space.Speaking to Cointelegraph at the European Blockchain Convention on Tuesday, Hume said that the crypto exchange had observed increasing interest from institutional
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