Grayscale Bitcoin Trust (GBTC), an investment vehicle for Bitcoin, is currently trading at its lowest discount in almost two years. The discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of October 13th. This discount measures how much a mutual fund or ETF is trading below its true value. The narrowing of […]
The Australian federal government is planning to introduce new regulations that will require cryptocurrency exchanges to obtain a financial services license. The regulations will focus on the exchanges themselves rather than individual tokens or cryptocurrencies. Exchanges holding more than $5 million in aggregate or exceeding $1,500 for any individual user will be required to obtain […]
Upbit, South Korea’s largest cryptocurrency exchange, has received in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) granted the approval, allowing Upbit Singapore to offer digital payment token services to institutional investors while awaiting its full license. This approval is seen as a strategic milestone for Upbit […]
The Australian federal government is considering implementing new regulations that would require cryptocurrency exchanges to obtain a financial services license from the Australian Securities and Investment Commission (ASIC). The aim of these regulations is to protect consumers while still fostering innovation in the digital asset sector. The proposed framework focuses on regulating exchanges and service […]
The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the […]
Stablecoin issuer Circle has partnered with digital asset provider Coins.ph to improve remittance services in the Philippines. The partnership aims to promote the use of USDC-denominated remittances as a safe, affordable, and fast method for international money transfers. The Philippines received $36.1 billion in remittance flows in 2022, highlighting the importance of remittances to the […]
California Governor has approved a new regulatory framework for cryptocurrencies, known as the Digital Financial Assets Law. Under this legislation, individuals and businesses involved in digital asset activities will be required to obtain a regulatory license, similar to banks and money transmitters. This move aims to bring more oversight and control to the crypto industry […]
An XRPL analytical resource has revealed that the adoption of Ripple’s XRP cryptocurrency is still in its early stages. According to the data, 77% of XRP wallets hold less than 500 XRP tokens, indicating a low level of ownership among users. This suggests that there is significant potential for broader adoption of XRP in the […]
Top US cryptocurrency exchange Coinbase is pressuring the US Securities and Exchange Commission (SEC) to respond to a rulemaking petition it submitted last year. Coinbase is seeking clarification from the SEC on how securities laws apply to digital assets. The exchange’s chief legal officer, Paul Grewal, criticized the SEC’s previous update on the matter as […]
A new hook has been introduced on the open-source directory for Uniswap V4 hooks, causing controversy in the crypto community. This hook allows users to undergo Know Your Customer (KYC) checks before trading on a pool. However, some users are criticizing the hook, expressing concerns that it could lead to decentralized finance protocols being whitelisted […]
