The U.K. Treasury has recently unveiled its regulatory approach to the crypto industry, signaling a significant milestone in the country’s journey towards establishing itself as a leading global destination for crypto-asset businesses. With a clear roadmap now in place, the crypto industry and stakeholders can anticipate a well-defined and regulated environment in the near future.
The Monetary Authority of Singapore (MAS) has taken a significant step towards promoting responsible digital asset innovations across international borders. Collaborating with regulators from the United Kingdom, Japan, and Switzerland, MAS launched its ground-breaking Project Guardian initiative. This initiative aims to revolutionize asset tokenization in various financial sectors and facilitate market efficiency and transaction processes
A recent report by blockchain security firm Hacken has shed light on the risks associated with investing in cryptocurrency projects that lack audit reports. The Q3 2023 Security Insights report revealed that out of 78 examined rug pulls, only 12 projects had undergone and reported audits. An audit report conducted by an independent third-party serves
LUNA, the native token of the Terra 2.0 blockchain, has experienced a surge in price in the past week, coinciding with Bitcoin’s impressive rally towards the $35,000 mark. This sudden uptick in value has provided relief for investors who had been enduring the bearish performance of the token in previous weeks. The current bullish trend
Taiwan has recognized the need to regulate its thriving virtual asset market and has introduced a new bill called the “Virtual Asset Management Regulations Draft.” This bill aims to establish a comprehensive regulatory framework for the cryptocurrency industry in Taiwan. This move comes as Taiwan grapples with the rapid growth of virtual assets in the
In the midst of the ongoing conflict between Israel and Hamas, two assets have emerged as frontrunners in terms of notable price increases – bitcoin and gold. As the geopolitical tension continues to impact financial markets, many investors are keen to determine which asset will outperform the other during this volatile period. The Israel-Hamas war,
After a remarkable rally of more than 170% from its lows in June 2023, Maker (MKR) is showing signs of losing momentum. Recent price action combined with decisions made by influential whales via an intermediary have raised concerns among investors. Despite currently trading near its 2023 highs, MKR has dropped by 16% from its October
In a recent criminal case, Sam Bankman-Fried, the co-founder and former CEO of FTX, provided testimony that shed light on the origins and eventual collapse of FTX and its sister firm, Alameda Research. Bankman-Fried revealed that he launched Alameda because of the growing popularity of cryptocurrency, despite having limited knowledge about it. He admitted that
Crypto exchange Kraken recently announced its plans to suspend trading, deposits, and withdrawals for select stablecoins in Canada. This move follows the footsteps of other Canadian exchanges that have implemented similar measures due to regulatory guidelines concerning the legal status of these tokens. In an email sent to CryptoPotato, Kraken revealed that it is now
LBRY Inc., the firm behind the LBRY blockchain and content-sharing network, recently announced that it would not appeal its legal loss against the Securities and Exchange Commission (SEC). This decision marks the formal end of the legal proceedings surrounding LBRY’s regulatory compliance. As a result, the firm will be forced to shut down and enter
