The Financial Innovation and Technology for the 21st Century Act’s (FIT21) approval on Wednesday would align the US with other nations in terms of its regulatory framework for crypto, according to Kyle Bligen, director of financial policy at the Chamber of Progress. Bligen told Cryptonews in an interview Thursday that if the FIT21 bill passes…
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HSBC’s recent launch of retail gold tokens underscores the growing adoption of financial asset tokenization, a practice that’s transitioning from early adoption to mainstream use. However, challenges remain in ensuring standardization and broader integration. Asset tokenization leverages blockchain technology to represent ownership of real-world assets (real estate, art, shares, etc.) as tradable digital tokens. These…
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The first quarter of this year has seen $336 million lost to Web3 hackers and fraud, with nearly half of the capital stolen in January alone. Nonetheless, the number represents a 23% decrease compared to the first quarter of 2023, according to the latest report by bug bounty and security services platform Immunefi. Notably, said…
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Bitcoin halving stands as a significant event within the cryptocurrency sphere, signaling a shift for miners, institutions, and the overall market. This scheduled occurrence, happening roughly every four years, is expected to take place this April and would directly impact Bitcoin’s supply by reducing the mining reward by half, a core aspect designed to preserve…
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The London Stock Exchange has confirmed that it will begin accepting applications for bitcoin and ether exchange-traded notes (ETNs) in the second quarter of 2024 – but the Financial Conduct Authority (FCA) approving any of these products for UK retail investors is still very unlikely, say European product providers. The FCA said it will not…
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Venture capitalists are warming up to funding blockchain and crypto projects, ready to fuel the next wave of innovations. After two years of hardship, crypto entrepreneurs are now seeing a potential shift in fortunes, with Bitcoin’s surge of over 30% in the past month reigniting interest in funding opportunities within the industry. While still low…
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Indonesia, a trillion-dollar economy, is impossible to ignore. The country held its election on Wednesday with defence minister Prabowo Subianto and ex-governors Anies Baswedan and Ganjar Pranowo all competing to become the next president. In December, Indonesia’s Mayor Gibran Rakabuming Raka, a vice presidential candidate in Indonesia’s election, said he aims to accelerate Indonesia’s position…
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The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European Union’s comprehensive crypto law. The legislation promises legal certainty, compliance challenges and global implications. MiCA’s primary goal will be to establish a unified rulebook for regulating crypto-asset markets. The ‘implementation phase’ of MiCA is from entry – June 2023 when…
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Talking with Cryptonews, three experts have shared their views on spot Bitcoin ETFs trading volumes. They discussed the initial price drop post-approval, how the US Fed and presidential election could affect the market, BlackRock’s marketing approach, the benefits and downsides of the new product, and more. For this article, we talked to Vijay Marolia, the…
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Source: AdobeStock / bilal ulker The MetaMask Snaps plugin, which provides access to the popular MetaMask wallet’s 30 million monthly active users, is now available on the open-source, proof-of-stake network Hedera. This Hedera Wallet Snap plugin, built by Tuum Technologies, enables developers, companies, and individuals to enjoy new benefits beyond MetaMask’s native features, said the…
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