Cryptocurrency Analysis and News Portal
On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors, and Digital Currency Group’s (DCG) Genesis pausing the firm’s lending
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According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized finance (defi) and associated products. Hosp, however, conceded that the crypto exchange’s dramatic collapse also encourages regulators to
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Circle, which sought a Major Payments Institution License from the Singapore central bank, can now offer cross-border and domestic payment services, according to a press release. The company, which is behind the USDC stablecoin, can also offer token products. Original Source
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Payments giant Visa has filed two trademark applications covering a wide range of cryptocurrency products and services, including its own crypto wallet. The filings also mention crypto transaction management and non-fungible tokens (NFTs). Visa’s New Trademark Applications Visa has filed two trademark applications with the United States Patent and Trademark Office (USPTO).
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As the crypto market shows signs of a gradual recovery, with Bitcoin (BTC) holding above the psychologically important $20,000 level after its initial crash to $17,600 in June, this month still sets a record low for an average daily aggregate product volume across all digital asset investment products. According to the
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“[With Kollider] you don't have to overcollateralize, you simply put in the base amount that you're going to hold long. You're simultaneously short on that, so your exposure is zero; even if the price moves in either direction,” Myles Snider, Kollider’s head of marketing and business development, explained in an
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On Oct 24, European cryptocurrency investment firm Coinshare published its Digital Asset Fund Flows Report, which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week, in a continuation of what it calls an “apathetic period” that began in September 2022. Most notably, investment product volumes
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The change, which takes effect immediately and falls under the Financial Advisory and Intermediary Services Act, 2022, comes as countries around the world are moving to regulate cryptocurrencies more strictly, particularly amid the recent volatility in prices and the collapse of several important crypto firms. Original Source
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The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions are set to remain in force for an
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“The way that we’ve structured all of those kinds of agreements is we can and, at some point, will perhaps access more liquidity providers,” he said. “Today, Genesis remains our sole liquidity provider and we’ve had nothing but a positive relationship with them, going back to 2013, so I can’t
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