A new bill looking to establish a reporting regime for cryptocurrency exchanges is now formally before Congress. On April 28, Glenn “GT” Thompson (R-PA) introduced Digital Commodity Exchange Act. The DCEA would set up a reporting regime for crypto exchanges with the Commodity Futures Trading Commission. Thompson’s announcement of the bill said “The DCEA builds …
April 25, 2022, 12:29PM EDT • 28 min read Quick Take Galaxy Digital provides a wide range of digital asset financial services for institutions and direct clients; the company currently has five business lines: asset management, principal investments, trading, investment banking and mining Raising $500 million in convertible debt last December, Galaxy Digital has been …
The European Commission has received about 10,000 public comments so far on its call for evidence regarding a digital euro, which is to run from April 5 to June 14 and is aimed at getting feedback for the possible establishment and regulation of a digital currency as a new form of central bank money. A …
advertisement Binance received in-principle approval from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer in digital assets, Bloomberg reported on Sunday. The world’s biggest cryptocurrency exchange by trading volume must now complete the application process, according to Richard Teng, Binance’s head for the Middle East and North Africa and a former ADGM executive. …
Binance approved in principle by Abu Dhabi as digital asset broker-dealer Read More »
For an income-focused strategy, Motus sees a “mismatch” between funding digital assets versus traditional finance. “Global banks have so much cash they pay zero or less for deposits. Meanwhile, the stablecoin market cap has quintupled since 2021, and investors still command high-single to double-digit returns for dollars or dollar-pegged assets.” Thus, an opportunity presents itself, …
Former Citi Digital Asset Execs Launch Crypto-Focused Fund Read More »
Have you ever heard of a crypto derivatives trading platform that has achieved global success in just a few years? Over 2 million active and satisfied users, innovative and unique trading products, ex Have you ever heard of a crypto derivatives trading platform that has achieved global success in just a few years? Over 2 …
Bitget – Meet The World’s Leading Digital Asset Trading Platform Read More »
Kyro’s founder, Samir Arora, worked at Apple for nearly a decade, where he developed platforms for distributed applications, a precursor to layers 0 and 1 of blockchain technology. Arora was also the CEO of NetObjects, one of the first companies to offer a website editor, from 1995 to 2002. Source link
Through the comment process, FASB received a significant response of 522 comment letters. Of these 522 responses, 445 (85% of the respondents) commented solely and exclusively on accounting standards for digital assets, providing feedback on the pervasive impact of digital assets and the need to prioritize standards setting. More than 50% of the respondents indicated …
Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets Read More »
Grayscale Investments, which manages the Grayscale DeFi Fund and Grayscale Digital Large Cap Fund, has added 25 digital assets, including tokens for a number of high-profile DeFi and metaverse protocols, to a list it keeps of potential investments, the company said in a Monday blog posting. Source link
The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.” “It invites comment from the public and is the first step in a …
Federal Reserve publishes long-awaited central bank digital currency report Read More »