Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of the initial ... ( read original story ...)
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher Waller said on ... ( read original story ...)
Crypto scams are on the rise, draining more than $1 billion in last year
Americans have lost more than $1 billion to cryptocurrency scams since the start of last year, as criminals exploit rising popular interest in scoring quick digital riches, according to a new analysis ... ( read original story ...)
The Lummis-Gillibrand bill draft promises crypto tax wins
An early version of the bipartisan crypto regulation bill revealed that the senators appear to be listening to the industry’s main tax complaints. ( read original story ...)
A Moratorium on Crypto Mining in New York Could Lead To Environmental Wins Nationwide
On June 3, the New York Senate passed the U.S.’s first statewide moratorium on cryptocurrency mining, aimed at energy-intensive operations that use fossil fuels for power. The measure, which still ... ( read original story ...)
As the downturn hits crypto, a key startup investment source may slow
While the 2021 venture cycle was still booming, every startup sector felt hot. Every geography set records. Founders ruled supreme, venture capitalists lined up to pay steep prices for startup shares, ... ( read original story ...)
Crypto Investors Are Dumping Ethereum For Bitcoin As Risk Aversion Deepens
The ether-bitcoin ratio has breached the 1.5-year bullish trendline, indicating continued risk aversion in the crypto market. ( read original story ...)
Japan’s New Law Says Stablecoins Can Only Be Issued By Registered Financiers
It comes as holders of failed stablecoin ventures are still picking up the pieces from the most recent crypto crash. ( read original story ...)
Gemini Lays Off 10% Of Their Astronauts In A ‘Crypto Winter’ Reckoning
In response to “turbulent market conditions that are likely to persist for some time,” Gemini is downsizing 10% of their astronauts—their term for employees. In a company blog post, the twin ... ( read original story ...)
Crypto market has ‘more pain to come,’ expert warns
Head of Republic Crypto Andrew Durgee agrees with the Winklevoss twins' prediction that a "crypto winter is here" along with global markets. ( read original story ...)
The crypto-skeptics’ voices are getting louder
A growing number of tech and financial experts are worrying about cryptocurrency investments. What will their cries mean? ( read original story ...)
Japan passes bill to limit stablecoin issuance to banks and trust companies
Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On June 3, Japan’s ... ( read original story ...)
Japan to compile big extra budget for stimulus after summer election
Japan is planning to compile a supplementary budget worth more than 10 trillion yen ($77 billion) after this summer's upper house ele ... ( read original story ...)
FTX launches FSA-regulated spot and derivatives crypto trading in Japan
Headquartered in Tokyo, FTX Japan holds a licensed Japanese crypto-asset exchange services provider and Type 1 Financial Instruments Business license holder approved by the FSA. ( read original story ...)
Japan Introduces Legal Framework for Stablecoins Linked to Yen
Mitsubishi UFJ Trust and Banking Corp. have planned to issue their own stablecoin, dubbed Progmat Coin, once the regulation becomes active. ( read original story ...)
TOP NEWS SUMMARY: Slowing growth reported in Europe but Japan improves
"The Administrative Board is convinced that the chosen path of consistent digitization and platform growth is the right one," said Frank Gotthardt, company founder and chair of the Administrative ... ( read original story ...)