Maximalists warn freezing 5.6M BTC risks instant sell-offs, while others say quantum threats leave no alternative. What to know: Freezing dormant bitcoin would trigger an immediate repricing and mark one of the world’s oldest cryptocurrency’s worst trading days since its 2009 launch, advocates told CoinDesk. Bitcoin developers and crypto industry […]
The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance. What to know: Crypto exchanges are increasingly offering bank-like services such as lending and yield products, but without the protection traditional financial institutions provide, according […]
The new regulations revealed by the Financial Conduct Authority include several technical traps which crypto software providers need to watch for to avoid sanctions What to know: The U.K.’s Financial Conduct Authority (FCA) is proposing crypto rules that could quietly expand the definition of custody, potentially sweeping in platforms and […]
The couple argued, according to hotel staff and were separated. Despite confirming Ashly Robinson died by suicide, police said they are still investigating her death. What to know: Joe McCann, founder of crypto investment firm Asymmetric, is being probed by authorities in Tanzania, following the alleged death by suicide of […]
White House economists said banning rewards wouldn’t significantly boost banks’ financial health, amplifying the crypto industry view in the Clarity Act debate. What to know: A White House report released Wednesday directly challenges the banking industry’s claims that stablecoin yields would drain deposits and weaken lending to households and small businesses. […]
Round-the-clock markets promise freedom for investors and pressure for intermediaries who traditionally wielded immense power during off-hours What to know: If the closing bell has long been a business model, then 24/7 trading is an attempt to break it. As the NYSE, Nasdaq, CME and Cboe race to introduce round-the-clock […]
As Citi plans to integrate Bitcoin into bank-grade custody and reporting frameworks, Morgan Stanley moves to bring crypto trading, lending exploration and tokenized products to mainstream wealth clients. What to know: Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital […]
A U.S. judge sentenced Daren Li to 20 years for a $73 million crypto fraud. The scam used Cambodia-based compounds to target victims via social media and dating apps. What to know: A federal judge in California sentenced in absentia a dual national of China and St. Kitts and Nevis […]
In partnership with Standard Chartered’s Zodia Custody, Dubai Insurance is the first insurer globally to issue a crypto wallet for its policy holders to transact with digital assets. What to know: Dubai Insurance became the first in its sector on a global scale to roll out a cryptocurrency wallet for […]
Russian lawmakers plan crypto regulations by midyear, permitting trading for qualified and retail investors while banning anonymous coins and domestic payments. What to know: The head of Russia’s lower house of the country’s parliament on Thursday said crypto market regulations will be ready by June of this year and come […]