Web3 venture firm Hashed Emergent and policy advisory group Black Dot have released a model crypto law aimed at clarifying India’s regulatory framework around digital assets. Announced Monday, the Crypto-systems Oversight, Innovation and Strategy (COINS) Act offers a legislative blueprint to support a clearer, industry-led policy environment for crypto in India. The model law is…
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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time last Monday. Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new…
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Chinese blockchain Conflux announced the third version of its public network and introduced a new stablecoin backed by the offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference held over the weekend. At the event, Conflux unveiled a partnership with fintech firm…
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Blockchain-based investment products and compliance tools are poised to become more than 10 times faster and cheaper than traditional finance (TradFi) offerings, spurring increased digital asset adoption among financial institutions. Traditional financial compliance products are often fragmented and expensive due to complex manual processes, resulting in billions of dollars in costs for institutions. “Compliance is…
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The US Securities and Exchange Commission (SEC) met with industry players to discuss a token standard to support the compliant issuance and transfer of tokenized securities. The SEC’s Crypto Task Force met with Ethereum-aligned organizations on Thursday, including the ERC-3643 Association, Chainlink Labs, the Enterprise Ethereum Alliance and Linux Foundation (LF) Decentralized Trust. During the…
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Cryptocurrency investment products posted record-breaking inflows last week as they recorded gains for a 14th consecutive week. Global crypto exchange-traded products (ETPs) recorded $4.4 billion of inflows for the trading week that ended Friday, CoinShares reported on Monday. The inflows came amid Bitcoin (BTC) surging past $122,000 for the first time on July 14, then…
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Bitcoin (BTC) starts the last full week of July in “wait and see” mode as altcoins steal the spotlight. BTC price action continues to consolidate after $123,000 all-time highs, and liquidation levels are making some traders nervous. Price targets, even those held for many months, coalesce around $150,000 for the cycle top. Fed Chair Jerome…
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US banking groups have urged the country’s banking watchdog to postpone its decision on crypto companies’ bank licenses until more details about their plans are public, claiming that allowing the bids would be “a fundamental departure” from current policy. The American Bankers Association and other bank and credit union trade groups said in a letter…
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Robert Kiyosaki took a contrarian view to most crypto analysts on Monday, with a bearish prediction that the Bitcoin “bubble” could soon burst, along with gold and silver. “Bubbles are about to start busting,” the “Rich Dad Poor Dad” author said on Monday, adding that when these bubbles bust, “odds are gold, silver, and Bitcoin…
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The UK is reportedly eyeing the sale of over 5 billion British pounds ($6.7 billion) worth of seized Bitcoin to help fill a deficit in the country’s budget. The Home Office and the head of the country’s Treasury, Rachel Reeves, are working with law enforcement to sell off its stockpile of seized Bitcoin (BTC) and…
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