The acting chief of the U.S. Office of the Comptroller of the Currency (OCC), Michael Hsu, expressed optimism about the potential of tokenization while remaining cautious about cryptocurrencies due to their high levels of risk. Speaking at the DC Fintech Week, Hsu emphasized the benefits of tokenization in streamlining the settlement of funds and securities. […]
Gemini’s U.K. branch has announced that it will restrict cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting November 17. This decision is in response to the Travel Rule regulations, which require VASPs to share sender and receiver information for crypto transactions. Gemini has partnered with TRUST to […]
The Ministry of Culture and Information in Kazakhstan has blocked access to Coinbase, a prominent cryptocurrency exchange, along with select online brokerage websites. This action is in accordance with Kazakhstan’s “Digital Assets Law,” which regulates the issuance and circulation of digital assets within the country. The law aims to create a structured regulatory environment for […]
Diversification and gender equality in the workplace continue to be important issues, especially for publicly traded companies. This has led to investment implications as more market participants demand diversity, equity, and inclusion. One ETF that addresses these concerns is the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI). Managed actively, CDEI offers exposure […]
Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit consortium that acquired bankrupt Celsius Network, is reportedly exploring partnerships with other entities to secure the acquisition of FTX. The investment firm has […]
Fiat payment rails and neobanking services are playing a crucial role in driving the mainstream adoption of cryptocurrencies. Industry experts at the European Blockchain Convention in Barcelona emphasized the growing importance of third-party payment rails and banking platforms in the cryptocurrency space. OpenPayd, for example, processes a significant volume of monthly transactions and provides banking […]
The NFT market is showing signs of recovery, with monthly sales volumes increasing for the first time in a year. In October, trading volume grew by 32%, reaching $405 million. However, this is still lower than the volume seen in March. Ethereum-based NFTs continue to dominate the market, with a growth of over 50% in […]
The German financial expert, Michael Rasch, suggests that the generational contract, which is under pressure due to demographics and increasing performance promises, could be relieved in the medium term through generation capital based on the stock market. Rasch dismisses the widespread fear of the uncertainties of the stock market in Germany, pointing to the long-term […]
In a recent interview with Yahoo Finance, Senator Cynthia Lummis expressed her disapproval of the Securities and Exchange Commission’s (SEC) intensified crackdown on the crypto industry throughout 2023. Lummis criticized the aggressive nature of the SEC’s actions, deeming it unnecessary and overreaching. She specifically opposed the SEC’s controversial new crypto policy, “Staff Accounting Bulletin 121,” […]
A United States lawmaker has proposed a controversial amendment to the Financial Services and General Government bill, which aims to reduce government spending. The amendment suggests reducing the salary of Securities and Exchange Commission (SEC) chair Gary Gensler to just $1 per year. This move is part of a wider proposal to defund the regulator. […]
