Cryptocurrency Market

U.S. crypto exchanges have a plan for the travel rule. Now they just have to get along

U.S. crypto exchanges have a plan for the travel rule. Now they just have to get along

Quick Take A working group of 25 U.S.-based exchanges released a white paper this week outlining their platform to comply with FATF’s travel rule. The group includes some of the most prominent exchanges stateside, suggesting that the plan has legs. Now, the group has to develop a governance structure. This feature story is available to …

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CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME Group, a regulated bitcoin futures trading platform, has quietly become the second-largest player, surpassing Binance and BitMEX. Yesterday, CME recorded an open interest of $790 million as compared to $718 million by Binance and $601 million by BitMEX, according to The Block Research. Open interest in the value of outstanding derivative contracts that are …

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ECB official: digital euro is ‘necessary’ in several scenarios in Eurozone

ECB official: digital euro is ‘necessary’ in several scenarios in Eurozone

Member of the Executive Board of the European Central Bank Fabio Panetta said in a speech at the ECB conference on Thursday that a digital euro, or the Eurozone’s potential CBDC, could become necessary with evolving consumer preferences, especially if people became reluctant to use cash. In his speech that primarily addressed pan-European payments and …

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EY launches Ethereum-based procurement solution for enterprises

EY-led consortium bids to work on Korea’s central bank digital currency pilot project

A consortium led by EY Hanyoung, the “Big Four” consulting giant’s South Korean subsidiary, has reportedly bid for the country’s central bank digital currency (CBDC) pilot project. EY Hanyoung, along with Samsung SDS and Japanese tech giant LINE (owned by South Korea’s Naver Corporation), looks to work on the technical design of the CBDC project, …

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Ketsal Proposes Toolkit for Measuring 'Decentralization'

Ketsal Proposes Toolkit for Measuring ‘Decentralization’

A New York law firm is trying to test blockchain projects’ decentralization claims against their perhaps not-quite-so-distributed realities. Called the “Ketsal Open Standards” rubric, the toolkit, developed by the Ketsal law firm and revealed exclusively to CoinDesk, proposes using hard, measurable data points to either bolster or burst a blockchain’s decentralized credentials.  It’s the latest …

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OKEx is resuming peer-to-peer fiat trading for Chinese yuan

OKEx is resuming peer-to-peer fiat trading for Chinese yuan

Cryptocurrency exchange OKEx said in an announcement on Wednesday that it will resume the peer-to-peer (P2P) fiat-to-crypto trading tunnel for Chinese yuan, Vietnamese dong, and Indian rupee, starting from 20:00 Hong Kong Time on October 21. OKEx disabled the P2P fiat-to-crypto trading interface after it announced the suspension of withdrawal of crypto assets on the …

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