Digital Financial News

The Financial Conduct Authority (FCA) of the United Kingdom is cracking down on unregistered cryptocurrency ATMs.

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The investment by Nomura’s Laser Digital marks a concerted advance by traditional investment banks into the institutional DeFi or 'Hybrid Finance' space.“Infinity is building critical infrastructure for DeFi, and its protocol enabling price discovery and management of risk within DeFi is transformative for institutions,” comments Olivier Dang, head of ventures at Laser Digital. “Infinity’s groundwork paves the way for institutional flows on-chain, new levels of rates and risk innovation, and we are keen to support their advances in the hybrid finance space.”Hybrid Finance is a new term coined to describe the combination of decentralised and centralised finance, tapping the scalability of on-chain transactions by using off-chain risk management and computing.

DBS believes the metrics reflect a trend by investors towards trusted and regulated platforms to access the market following the collapse of FTX and associated firms.DBS holds all custodised digital assets separately within the bank itself using institutional-grade cold wallets. The bank also conducts coin purity checks on all digital assets entering its custody, while complying with all prevailing AML and KYC rules.

Banks in the traditional finance sector are exercising caution before interacting with companies operating in the crypto space, thanks to the current sentiments of banking regulators. Recent statements from these regulators have pointed towards a not-so-friendly stance towards crypto firms. 

Crypto is at a crossroads. For months, the sector has lurched from one crisis to another.

Reckless. Speculative. Rule-skirting. Those were just some of the salvos that Senate Banking Committee Chair Sherrod Brown lobbed at the crypto industry as he rolled out a Capitol Hill hearing that featured experts who testified that digital assets need more oversight, just days after a spate of regulatory actions against cryptocurrency firms.

German engineering and technology giant Siemens has become one of the first companies in Germany to issue a digital bond on a public blockchain, worth €60 million, with a maturity of one year, in accordance with Germany’s Electronic Securities Act.

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The U.S. Securities and Exchange Commission (SEC) reportedly has a proposal in the pipeline that may affect the way that crypto firms interact with hedge funds, private equity firms, and hedge funds. 

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Market interest is gravitating on the Meta Masters Guild presale as it races to the finish line. With an eye-watering $4.4m raised this revolutionary GameFi project is set to soar.

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Founded in April 2018, Taurus provides enterprise-grade infrastructure to issue, custody and trade any digital assets: cryptocurrencies including staking, tokenized assets and digital currencies.Taurus already works with more than 25 financial institutions and corporate clients in eight countries and three continents, including systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers. Clients include Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, Vontobel.André Helfenstein, CEO, Credit Suisse Switzerland, comments: "The strategic partnership with Taurus is a cornerstone of the Swiss Bank division's digital assets strategy with the ambition to become the leading Swiss bank in that space.

The walls are closing in around crypto. Regulators hadn’t taken action against many of the industry’s biggest players, but are now cutting off access to products and services central to the digital currency business.

After dominating crypto inflows for most of the year so far, Bitcoin fell out of favor in the eyes of investors last week. That’s according to the latest weekly Digital Asset Fund Flows report produced by crypto analytics firm CoinShares, which tracks investment flows into and out of digital asset investment products. Bitcoin fell back under $22,000 last week for the first time since mid-January last Thursday, and ultimately dropped 5.0% last week.

On February 13, BTC/USD started trading at $21,796. It is now trading at $21,504, down nearly 2% over the previous 24 hours. BTC/USD has moved between a high of $21,902.00 and a low of $21,444.00 and lost 6% in value over the past week ending on February 12th

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Cointelegraph is proud to announce the launch of the Cointelegraph Markets and Research YouTube channel, a place that will hopefully become every trader’s first stop for breaking markets news, insights and alpha from Cointelegraph’s team of experts and guest analysts from the crypto industry.