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” UK’s FCA hints at why its given only 15% of crypto firms the regulatory nod “ Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking regulatory approval to date. The…
” SEC once again rejects ARK 21Shares Bitcoin ETF listing “ The SEC has once again rejected a proposal to list the ARK 21 Shares Bitcoin ETF on equities exchange Cboe BZX, according to Jan. 26 statement from the SEC. The SEC rejected a similar proposal in April, 2022. The SEC has just now once…
” Moody’s to build scoring system for stablecoins: Report “ Credit rating firm Moody’s is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on Jan. 26, citing unnamed sources. The system, which appears to be in the early stages of development, will evaluate and rate the quality…
” ISDA releases standard definitions for digital asset derivatives “ The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26. The initiative was motivated by the collapse of…
” 88x Finance partners with Axelar Network for cross-chain yield aggregator “ The crypto bear market may be lasting longer than expected, but some Web3 startups see it as the perfect opportunity to build solutions and infrastructure that will welcome users and institutions when the next wave of adoption arrives. Cross-chain yield aggregator 88x Finance…
” Porsche NFT trading volume nears $5M despite launch woes, minting halt “ German luxury car manufacturer Porsche’s nonfungible token (NFT) collection reached 2,839 Ether (ETH) ($4.5 million) in total sales volume, according to data from NFTScan at the time of writing on Jan. 26. The collection had a floor price of 2.74 ETH and a high…
” Opinion: Barry Silbert keeps quiet as Genesis goes down in flames “ Just two months after the collapse of FTX, Genesis is following suit. Against an increasingly disheartening backdrop of “Big Cryptos” going bust, Barry Silbert’s cryptocurrency lender, Genesis Global Holdco, is the latest firm to file for bankruptcy, and if things always come…
” Crypto-friendly Stripe weighs public offering: Report “ Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility. Stripe has hired Goldman Sachs and JPMorgan Chase to advise on the feasibility and timing of a public-market debut, according to a Jan. 26 report by The…
” Tether moves to combat child abuse content marketplaces “ Tether aims to increase visibility and mitigate controls of cryptocurrency payments used in child abuse content marketplaces through a collaboration with INHOPE. The stablecoin operator will work with INHOPE, a global network combating online child sexual abuse material (CSAM), to share information, collaborate with stakeholders…
” Former Polygon VP of growth shares the secrets behind major partnerships “ Ethereum scaling solution Polygon has witnessed a lot of adoption through partnerships with major brands like Starbucks and Adidas, which has increased the network’s popularity among cryptocurrency users. In the latest episode of the Hashing It Out podcast, Arjun Kalsy, Polygon’s former vice president…