Kraken’s Marco Santori points to the adversarial stance taken by some crypto firms towards regulators.
Basel draft rules make crypto too costly for banks to trade, says industry
Proposed rules would make “bank involvement in the cryptoasset market cost-prohibitive from a capital perspective,” industry associations have told regulators.
54% of Salvadorans are not familiar with Bitcoin, survey suggests
A new survey suggests that most Salvadorans still don’t have a clear understanding of Bitcoin or crypto.
MiamiCoin generated $2K every 10 minutes for the city, says mayor
Miami’s mayor believes that if city-specific cryptos succeed, it would mean residents “won’t have to pay a cent in tax.”
DCG-backed Korean exchange faces closure if it can’t find banking partner
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline it will need to shut down.
EU regulator sees crypto as sign of increased risk-taking in current climate
An ESMA report views crypto assets’ volatility in the first half of 2021 as an indication of “possible market exuberance.”
Zip eyes millennials with planned launch of crypto trading in the US next year
Aussie “buy now, pay later” fintech found that BNPL users are 67% more likely to trade crypto than non-users.
Colombia uses gamification to teach youth about crypto and stock trading
Colombia invests over $30,000 to develop a gamified app that simulates crypto and stock trading for young learners.
Major UK hedge fund Brevan Howard launches crypto division
Brevan Howard also hired former CMT Digital CEO Colleen Sullivan to lead private and venture investments in crypto.
Majority of Korean crypto exchanges to shut down this month, insiders say
Failure to meet South Korean regulators’ new requirements is expected to wipe out tens of crypto exchange operators.
Nasdaq to provide price feeds for tokenized stock trades on DeFiChain
Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network.
Trading Bitcoin’s like trading stamps, says Swedish central bank governor
In comments at a Swedish banking conference, Sveriges Riksbank Governor Stefan Ingves warned that private money “usually collapses sooner or later.”
Insiders sold MicroStrategy stock after Bitcoin’s bull run
Notorious Bitcoin bull and MicroStrategy CEO Michael Saylor himself hasn’t dumped any company stock since 2012.
One in four US teens would buy crypto if given money to invest, survey finds
The results of a new survey suggest teens are still more persuaded that the stock market is where they should invest, yet crypto is more popular than alternatives like real estate.
Report: CoinSwitch Kuber poised to become India’s second crypto unicorn
Following crypto exchange CoinDCX’s breakthrough to unicorn status this summer, CoinSwitch Kuber is rumored to be next in line – at a valuation close to twice that of its forerunner.
Regulating crypto could give it ‘halo’ of legitimacy, says UK watchdog
The chair of the United Kingdom’s Financial Conduct Authority has warned that overextending the reach of regulators could backfire in the case of some cryptocurrency tokens.
Crypto and blockchain jobs’ share grew 118% in ten months, new data shows
Not only has demand for cryptocurrency- and blockchain-related expertise increased, but new data suggests that the kinds of roles being posted have shifted over time.
Nigeria’s securities regulator establishes fintech unit to study crypto
With much of the Nigerian crypto market underground or peer-to-peer due to government restrictions, the country’s securities regulator is looking into ways to make investors safer.
US postal inspectors need ‘comprehensive crypto training,’ audit finds
An internal audit released by the United States Postal Inspection Service has recommended that the agency develop a “comprehensive crypto training program” to reduce risks during its investigations.
BitPay wallet integrates 1inch Network DEX aggregator
Decentralized exchange aggregator 1inch has been integrated into the crypto wallet app BitPay, enabling users to access its rates for their crypto swaps.