NewsRoom Articles - Page 43 of 174

MondayMay 08, 2023 9:00 am

Coinbase Launches International Exchange as SEC Intensifies Crypto Crackdown

The cryptocurrency exchange Coinbase announced the launch of Coinbase International Exchange (CIE), an institutional derivatives platform, on May 2, 2023, despite the myriad regulatory difficulties the U.S. crypto sector is currently experiencing. The CIE is anticipated to begin trading next week by announcing the listing of perpetual swaps for ether and Bitcoin. All transactions on the platform will be settled in Coinbase-supported stablecoins, eliminating the need for currency on-ramps. Coinbase underlined during the launch that institutional clients in qualifying non-U.S. jurisdictions can get direct trading access on CIE via an application programming interface (API). The CIE is currently not available…

FridayMay 05, 2023 11:15 am

CoinMarketCap to Run Shark Tank-Like Show for Crypto Industry

Crypto data tracking website CoinMarketCap is preparing to premiere a reality TV series titled “Killer Whales” in conjunction with Hello Labs, a Web3 entertainment platform. The anticipated show will have the same premise as the famous investing program “Shark Tank,” where millionaires listen to startup pitches and invest in the companies they find promising. In a recent update, Hello Labs stated that “Killer Whales” would include prominent crypto founders, entrepreneurs and influencers such as Champ Medici, Altcoin Daily and the Hello Labs team. Startups in the cryptocurrency space hoping to get funding and advice for navigating the Web3 business climate…

WednesdayMay 03, 2023 11:15 am

‘Mona& Frens: Web3 Is A Joke’ to Take Aim at Lighter Side of Internet Evolution in Bitcoin Week Miami Event

The fintech industry has taken its lumps along with other sectors during the post-pandemic global market turmoil but innovators and insiders continue to build the infrastructure of a bold Web3 revolution that includes a worldwide transformation of financial transaction philosophies. In the wake of well-known banking setbacks that have been part of the ups and downs of the fintech sector’s news cycle, creative comedy minds are celebrating the lighter side of life with the industry-focused comedy roast series Mona&Frens, established by ground-breaking South Asian stand-up laugh-generator Mona Shaikh. “Mona& Frens: Web3 Is A Joke” will provide a night of entertainment…

WednesdayMay 03, 2023 10:30 am

Legal Experts Say Global Coordination Needed in Crypto Regulation

During a panel discussion at Consensus 2023, legal professionals emphasized the value of coordinating global regulatory frameworks for cryptocurrencies while also taking regional variations into account. Marianne Bechara, a senior counsel at the IMF, pointed out that it would be unwise to treat all cryptocurrencies the same without considering the context. Brian Yeoh, director of fintech at Abu Dhabi Global Markets, noted there is some coordination, but he said there is room for local jurisdictions to address their specific circumstances. For several years, regulators have been trying to figure out how to best coordinate global crypto regulations. As a result,…

MondayMay 01, 2023 12:00 pm

Healthcare Innovators Explore NFTs to Improve the Management of Health Data

The COVID-19 pandemic played a significant role in the acceleration of the implementation of digital health solutions such as telemedicine, artificital intelligence (“AI”), robotics, remote monitoring and the Internet of Medical Things (“IoMT”). The collection and flow of health data increased as a result, and this trend is predicted to continue as patients and healthcare professionals become more used to digital solutions and as the healthcare sector prepares to meet future problems with developing technologies. With such developments, a group of medical innovators predicts increasing demand for privacy-preserving solutions to enable patients to take more responsibility for their health and…

FridayApr 28, 2023 9:00 am

EU Parliament Passes Crypto Regulations for the Bloc

The world's first comprehensive set of laws to govern the cryptocurrency sector was passed by the EU Parliament on Thursday, April 20, 2023, to combat money laundering and enhance oversight, and consumer protection. The Markets in Crypto-Assets (MiCA) rules, which were approved by a vote of 529 to 29 and will begin to take effect in stages in 2024, are the most significant effort by governments throughout the world to control the expanding market for digital assets. In a statement, the European Union expressed its hope that the new legislation will serve as a benchmark for other countries. MiCA, which…

WednesdayApr 26, 2023 11:15 am

Research Says a Significant Portion of TikTok Videos on Crypto Are Misleading

A recent survey found that more than one-third of TikTok crypto influencers, the most popular social media platform among the younger demographic, have shared false information about buying Bitcoin and other cryptocurrencies. The majority of TikTok's active users are young individuals, some of whom are beginning to think about money management. An estimated 70% of users, according to estimates from earlier this year, were below 34 years of age, making them easy prey for tricks and scams because they lacked expertise. According to the DappGambl study, a lot of influencers spread unreliable information regarding cryptocurrency investments, frequently attempting to lure…

MondayApr 24, 2023 11:15 am

SEC Chairman Grilled by House Committee Over Crypto Crackdown

Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), received a torrent of criticism from Republican members of the House Financial Services Committee las week for the steps taken by his organization in pursuing cryptotrading companies. In his more than four hours of grilling before the committee, Gensler remained adamant on the need for crypto exchanges and trading platforms to adhere to stringent U.S. securities rules. The Republicans brought up many of the regulatory concerns that the cryptocurrency industry frequently raises, claiming that the SEC's disclosure requirements were created to govern traditional markets and are therefore inappropriate for…

FridayApr 21, 2023 8:45 am

Digital Assets Are Here to Stay Despite Facing Headwinds

Last year was a torrid year for crypto enthusiasts. The biggest cryptocurrency, Bitcoin, sank by 64%, while Ethereum fell by 67%. The value of Dogecoin, a joke cryptocurrency that later gained popularity among Elon Musk and his supporters, dropped by almost 60%. In addition, many of the biggest exchanges either collapsed or are still facing legal troubles. The arrest of FTX's founder, Sam Bankman-Fried, after the company's collapse in November last year has shifted authorities' attention to the industry. However, the first few months of 2023 has seen a dramatic increase in the value of cryptocurrencies, with Bitcoin surging by…

WednesdayApr 19, 2023 10:30 am

South Korean Crypto Sector Slowly Recovering from Terra Luna Collapse

The collapse of stablecoin TerraUSD in 2022 knocked out more than $60 billion from the crypto market in a single week. However, the hardest-hit market was Korea, where the fallout is still being felt today. The project had a significant impact on the homeland of founder Do Kwon, where more than 200,000 people were affected by the collapse. Some people even sold their homes to invest in Luna. To date, the Korean regulatory environment for cryptocurrencies is not particularly favorable. South Korea is one of the world's most significant marketplaces for cryptocurrencies. The nation’s currency, the Korean won, is the…