Bank of England urges greater crypto regulation after crash to prevent financial stability risks July 5, 2022 The Bank of England called for a strong regulatory regime for crypto after the recent crash to prevent financial stability risks in the UK. In its Financial Stability Report today, the Bank said the “extreme volatility” in crypto recently exposed several vulnerabilities in crypto markets and was similar to past volatility in traditional financial systems. [...]
After EU passes crypto rules, lawyers ask whether the UK will follow suit July 4, 2022 The EU’s landmark Markets in Crypto-Assets (MiCA) regulation, decided last week, will be the world’s first regulatory framework for crypto and could serve as a “benchmark” for the UK’s own legislation, according to legal experts. The MiCA regulation, which will come into force at the end of 2023, will apply to crypto-asset issuers and service [...]
Crypto lender Vauld suspends trading and eyes potential restructuring amidst crypto rout July 4, 2022 Crypto lending platform Vauld has suspended all trading, withdrawals, and deposits on its platform as it explores potential restructuring. The Singapore-based lender attributed this to “financial challenges” resulting from “a combination of circumstances such as volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate.” “We have [...]
From Paris Hilton to Snoop Dogg: here are the most crypto-obsessed celebrities July 4, 2022 Mark Cuban is officially the most crypto-obsessed celebrity, new research has revealed. American entrepreneur and TV personality Mark Cuban is the celebrity that talks about cryptocurrency and blockchain the most on Twitter, with a total of 124 crypto, blockchain and NFT related tweets. It’s NFTs that he shouts about the most, with 49 out of 124 tweets [...]
Army’s YouTube and Twitter accounts hacked by ‘Elon Musk Bitcoin scammers’ July 4, 2022 The British Army has confirmed some of its social media channels were compromised over the weekend by crypto scammers.
Vasil – the most significant Cardano update since smart contracts – is successfully launched July 4, 2022 Blockchain platform Cardano has successfully completed the first stage in its highly significant Vasil update.
Charles Hoskinson: ‘We’re focused on transaction volume – and it’s looking incredibly positive’ July 1, 2022 Speaking to the Crypto AM magazine, Cardano’s creator discusses growth, expectation and fulfilling long-term potential
Cryptoqueen victims welcome FBI Most Wanted listing July 1, 2022 Victims of the OneCoin crypto scam have welcomed the FBI's decision to place its mastermind - Ruja Ignatova - on its 'Most Wanted' list.
EU decides on ground-breaking regulation for crypto assets July 1, 2022 The European Union agreed on landmark regulation for cryptocurrencies in what could be the world’s first regulatory framework for crypto. EU lawmakers, member states, and the European Commission reached a historic deal on crypto rules Thursday that will apply to crypto-assets, crypto-assets issuers and crypto-asset service providers. The pioneering law, known as Markets in Crypto-Assets, [...]
FATF tells countries to quickly implement its Travel Rule to detect suspicious crypto activity June 30, 2022 The Financial Action Task Force told countries to speed up with implementing its Travel Rule for crypto, a key requirement to comply with sanctions obligations and to detect suspicious transactions. The global watchdog found that most jurisdictions have not applied its anti-money laundering and counter-terrorist financing standards to virtual assets and virtual asset service providers. [...]