U.S. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has called for a substantial regulatory framework to be implemented in the cryptocurrency market. He believes that approximately 70% of the crypto market should be recognized as commodities and that legislation from Congress is needed to provide clear guidelines on commodity tokens and enhance the CFTC’s […]
Shiba Memu (SHMU) is a new meme cryptocurrency that has raised over $3.48 million in its presale. It has a unique value proposition that sets it apart from other meme cryptocurrencies, as it uses AI to analyse social media and deliver targeted marketing interventions. This allows it to retain fame and maintain price surges. The […]
Coinbase, a US-based cryptocurrency exchange, has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to provide regulated digital payment token (DPT) products and services to both individuals and institutions in Singapore. Coinbase has expressed its gratitude to the MAS for its instrumental role in […]
UBS Asset Management has achieved a major milestone in the tokenization of real-world assets with the launch of its first live pilot of a tokenized Variable Capital Company (VCC) fund in Singapore. The fund is part of Project Guardian, an industry initiative led by the Monetary Authority of Singapore (MAS) to explore tokenizing various real-world […]
The meme coin PEPE has been one of the best performing cryptocurrencies over the last week, and a pseudonymous crypto analyst has predicted a meteoric rise for the PEPE price that could see it reach triple digits. The analyst points to a falling wedge pattern that has been forming for the cryptocurrency over the last […]
UBS Asset Management has announced the launch of a “tokenized money market fund” pilot program on Ethereum (ETH). The pilot program, led by the Monetary Authority of Singapore (MAS), uses UBS Tokenize, the company’s in-house tokenization service, to manage fund subscriptions and redemptions through a smart contract. This initiative is part of UBS’s global strategy […]
Nine Ethereum futures exchange-traded funds (ETFs) became available for trading on the Cboe exchange on October 2. Six asset managers, Valkyrie, VanEck, ProShares, Bitwise, Kelly, and VolShares, are offering the nine funds. Four of the ETFs invest in a combination of Bitcoin futures and Ethereum futures, while the other five invest solely in Ethereum futures.Bloomberg […]
Crypto hacking incidents jumped 153% in the third quarter of 2022 compared to the same period last year, with 76 incidents reported in Q3 and losses from hacks and fraud rising to more than $685 million. The two biggest exploits, a $200 million hack of Mixin Network and a $126 million hack of Multichain, accounted […]
A class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations has been dropped. The notice of voluntary dismissal was filed on Sept. 28 in the United States District Court for the Northern District of California, and did not state the reasons for dropping the case without prejudice. The court had not […]
Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation, citing changes in the market. However, Young added that plans for an ETH futures […]
