Digital Asset Financial News

28.07 / 10:06

Blockchain defi FTX Decentralization Digital Asset Private Keys DeFi needs to be secure, stable and accessible for all. Here’s how

True decentralization is something that many crypto projects strive for, but the result is often too complicated for everyday users to rely on. So, what’s the solution?

27.07 / 21:27

regulation SEC Fraud Digital Asset accountants SEC chief accountant warns accountants about liabilities when auditing crypto firms

Paul Munter, chief accountant of the United States Securities Exchange Commission (SEC), has released a statement warning accounting firms of their obligations to the agency when working with crypto firms. Allowing their finding to be misrepresented could have serious consequences, he said.

27.07 / 18:08

regulation Congress Digital Asset legislation decentralized marketplace us house committee 'Pro crypto bill' passes out of US House Agriculture Committee

Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments calmly and quickly.

27.07 / 12:09

Blockchain Europe Tokens European Union Digital Asset Securitize issues tokenized assets in Spain, plans September trading start

Digital asset trading platform Securitize has begun tokenizing equity in the Spanish real estate investment trust Mancipi Partners, it announced on June 27. The firm expects to launch secondary trading on the Avalanche blockchain in September.

26.07 / 14:35

Blockchain Adoption Digital Asset South Korea strengthens crypto regulation with LEI adoption and crime unit

South Korea has established an interagency investigation unit to combat cryptocurrency crimes, aiming to address the rise in illicit activities in the market and the need for investor protection, according to a July 26 report.

12.07 / 19:05

regulation Digital Asset MICA European regulator releases consultative paper on MiCA standards for crypto asset service providers

The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released a consultative paper on Markets in Crypto-Assets (MiCA) mandates on July 12. It was the first of three consultative packages the agency expects to publish and concerns technical specifications for crypto asset service providers (CASPs).

06.07 / 12:39

Law Adoption Africa Digital Asset Bitcoin Namibia passes bill to regulate crypto and digital assets

Namibia has joined other African nations in embracing cryptocurrencies and digital assets by approving a bill in the National Assembly. The bill, which passed Namibia’s lower house of parliament on June 22, aims to regulate digital assets, cryptocurrencies and virtual asset service providers (VASPs) in the country.

29.06 / 20:35

markets Blockchain CME Digital Asset Bitcoin CME Group set to introduce ETH to BTC Ratio futures

On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review.

29.06 / 00:51

business Tokens Assets Digital Asset stock exchange Australian Australian stock exchange may consider listing tokenized real-world assets

The Australian Securities Exchange (ASX) is unlikely to directly list a cryptocurrency on its exchange but could consider an “appropriately-backed” tokenized real-world asset such as gold.

28.06 / 18:49

business Digital Currency CFTC Fraud Digital Asset Bitcoin CFTC issues $54M default judgment against trader in crypto fraud scheme

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.

26.06 / 18:53

Adoption Digital Asset DLT reports network Singapore central bank reports on tokenized asset network models after trials

As asset tokenization continues at a rapid pace, the Monetary Authority of Singapore (MAS) and 11 financial institutions examined infrastructure models to facilitate tokenized asset trading. The key to unlocking the full benefits of the technology is open and interoperable digital asset networks, the MAS said in its Project Guardian report released June 26.

23.06 / 06:09

business Blockchain Digital Asset stock exchange Stock Investment chess Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans.

22.06 / 23:09

business Law Digital Asset Bankruptcy Prime Trust's financials 'considerably deteriorated,' says Nevada regulator

Prime Trust's financial condition is "critically deficient" and the crypto custodian is unable to honor customer withdrawals according to a cease and desist from Nevada's business regulator.

22.06 / 16:47

business Blockchain Technology Investments Web3 Digital Asset BitGo terminates acquisition of Prime Trust

On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:

21.06 / 15:13

business Adoption Digital Currency regulation Digital Asset Singapore MAS proposes digital money standards with major industry players

The Monetary Authority of Singapore (MAS) released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies.

20.06 / 19:07

CBDC Adoption IMF Digital Asset DLT Ledger BIS Cross-border BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

The Bank for International Settlements (BIS) has released a chapter of its annual report early. That chapter, on the future of the monetary system, discusses “a new type of financial market infrastructure — a unified ledger.” The chapter was published June 20, one day after the International Monetary Fund (IMF) released a paper describing its “single ledger” cross-border payments concept.

19.06 / 18:35

markets Digital Currency Investments Altcoin Digital Asset Bitcoin Crypto Investment Products week Crypto investment products experience outflows for 9th consecutive week

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, resulting in a cumulative total of $423 million.

19.06 / 01:49

Blockchain Ethereum NFT Assets Digital Asset Watch out Ordinals, 30,000 ‘Ethscriptions’ land on Ethereum

Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol.

17.06 / 09:17

Blockchain Binance regulation SEC Digital Asset SEC and Binance.US strike a temporary agreement on asset access

Binance, Binance.US, and the United States Securities and Exchange Commission (SEC) reportedly agreed on Friday, June 16, to temporarily limit access to customer funds exclusively to Binance.US employees.

16.06 / 04:45

Blockchain defi Payments Digital Asset Digital Asset Management FinTech Deal Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

The payments subsidiary of crypto custodian Prime Trust, Banq, filed for bankruptcy protection in the United States on June 13, court documents show..

12.06 / 19:27

markets business Investments Trading Digital Asset Bitcoin Crypto fund outflows reach $417M over 8 weeks as investor caution persists

On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend to monetary policy considerations, as interest rate hikes show no signs of slowing down, prompting investors to remain cautious.

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