Cryptocurrency Analysis and News Portal
Issuance of a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded central bankers in a report on Nov. 29. An integrated risk-management framework should be in place starting at the research stage, and security should be designed into a CBDC, the
Read More
LUNC is up roughly 60% this week, including a nearly 20% rise over the past 24 hours, CoinDesk data shows. USTC, meanwhile, has almost quadrupled in price. For perspective, the USTC rally has only brought the price to $0.05 versus its original price peg of $1. Original Source
Read More
The figure could rise to as high as 29.35 cents on the dollar depending on recoveries in relation to its debt restructuring plan. The proposals have been pushed back by major creditors, who have requested a review of Zipmex's assets and liabilities, Bloomberg reported. The Singapore-based exchange has $97.1 million
Read More
Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized enterprise mainnet formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. On Nov. 15, the MAS introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenization,
Read More
Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down.In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership following the former CEO’s departure as
Read More
The FCA is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said. Source
Read More
Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).In a Nov. 20 announcement, Celsius said the core business of the ‘NewCo’ company proposed under its restructuring plan will be Bitcoin (BTC) mining rather than
Read More
"In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court to approve modifications to the Plan to reflect the new Mining NewCo transaction," the filing said. "The Debtors do not believe that these modifications will require resolicitation of the Plan. The Debtors still anticipate that
Read More
"My understanding is that the SEC asked for more information to make a determination," the person said. "The way I'm interpreting it is the SEC is telling the committee what they want to see for various parts of the business, and now the committee has to decide what they're going
Read More
"A big part of what we're missing today is clarity from our regulators," Ramaswamy said in an interview with CryptoX TV. "What we're going to have is rescinding any of those regulations that are allowing the regulatory state to go after perfectly legal behavior, but by claiming that somehow it
Read More