Encrypted assets
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What is Coin API (What does Currency API mean)?
What is Coin API? Coin API is a middleware that connects different blockchain ne
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Bitget Launches Multi-Address Recharge and BGB Pledge Fee-free Service
On April 24th, Bitget officially upgraded its single address recharge to multi address recharge. The first phase supports 50 address recharge without the need to switch accounts, e
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OKX Web3 Wallet Partners with Aura Finance: The Ultimate Guide
On April 20th, according to official sources, OKX Web3 Wallet has reached an official partnership with the Balancer based ecological revenue governance platform Aura Finance. Users
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#Kenyan Parliament Discusses Bill to Incorporate Blockchain and Encrypted Assets
According to reports, the Kenyan parliament will discuss a bill proposing to include blockchain and encrypted assets within the jurisdiction of the Capital Markets Authority. The b
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Accounting Standards and Disclosure of Encrypted Assets Proposed by FASB
On April 3rd, it was reported that the Financial Accounting Standards Board (FASB) of the United States has proposed an update to accounting standards for and disclosure of encrypt
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Introduction
On April 3rd, it was reported that SwissBorg, a cryptocurrency startup headquartered in Lausanne, Switzerland, completed a $23 million A-round community financing, with a total of
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OpenLevel Launches New Unlicensed Liquidity Market Feature
On March 29th, according to official news, OpenLevel, a decentralized lending and margin trading agreement, announced the recent launch of a new unlicensed liquidity market feature
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The Great Coin On Scandal: $1.46 Billion of Encrypted Assets Flows Out
According to reports, the on-chain data disclosed by the encrypted data platform Arkham Intelligence shows that after the United States Commodity Futures Trading Commission (CFTC)
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Regulations Governing Token Deposits and Encrypted Assets Set to Take Effect in South Africa
On March 26, Gerhard van Deventer, a senior financial technology analyst at the Reserve Bank of South Africa (SARB), recently revealed that the regulations governing token deposits
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Giant Whale Withdraws Nearly $40.5 Million in Encrypted Assets from Coin An in One Hour
According to reports, according to Lookonchain data, a giant whale address withdrew nearly $40.5 million in encrypted assets from Coin An an hour ago. It includes 1149 BTCs (approx
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The Reversal of Banking Industry Turmoil
According to reports, Jeremy Allaire, co founder and CEO of Circle, recently accepted an interview with Bloomberg. Jeremy Allaire talked about the recent turmoil in the banking industry and its impact on USD Coin. Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid. Jeremy Allaire believes that recent developments have proven that the situation has reversed and that its cryptographic entities need to be protected from the impact of traditional bank failures. Circle co founder: $3.3 billion stranded at SVB will be fully recovered Analysis based on this information:Jeremy Allaire, co-founder and CEO of Circle, recently spoke with Bloomberg about the impact of the banking industry turmoil on USD Coin, a stablecoin backed by the US dollar. He shared his perspective that the traditional banking system can no longer protect itself from encrypted assets and that the tables have turned, calling for greater protection of cryptographic entities from the impact…
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IMF warns of risks posed by widespread use of encrypted assets
It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report also pointed out that, “Although the importance and relevance of specific risks vary from country to country, there are many risks in encryption assets.” However, despite the “significant risks, encryption assets have developed technologies that can be used by the public sector to achieve their own policy objectives”. IMF: The widespread use of cryptocurrency may cause banks to lose deposits and reduce loans Analysis based on this information:The International Monetary…
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Alchemy Pay’s Ramp Function Now Supports Discover and Diners Club Cards
It is reported that Alchemy Pay, an encrypted payment service provider, announced that its Ramp function has supported Discover Card and Diners Club Card, allo…
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FATF Reports Agreement on Encrypted Assets Action Plan
It is reported that the Financial Action Task Force (FATF) said that representatives from more than 200 jurisdictions have reached an agreement on the \”action …
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The Reach of US Securities Law over Encrypted Assets
According to reports, Gary Gensler, chairman of the United States Securities Commission, reiterated in a recent interview with New York magazine (NYMAG) that a…
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EU’s Anti-Money Laundering Regulations to Regulate Cryptocurrency Transactions
It is reported that according to the latest draft of the EU anti-money laundering regulations it has obtained, the current version of the draft may prohibit th…
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Fireblocks introduces off-site hybrid custody solution for safer cryptocurrency trading
It is reported that Fireblocks is trying out a hybrid custody solution, which can be used by its customers to protect their cryptocurrency even when trading on…
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The ECB Urges Banks Not to Wait for Legislation on Basel Rules
It is reported that the European Central Bank (ECB) has released a summary of the rules on encrypted assets issued by the Basel Committee (BCBS) in December 20…
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Ouyi Web3 Wallet partners with Beefy for efficient DeFi revenue optimization
According to OKX Web3 Twitter, Ouyi Web3 Wallet has entered into an official partnership with Beefy, the DeFi revenue optimizer project that supports multi-cha…