Crypto

genesis

Genesis is experimenting with end-of-day pricing for institutional crypto futures products

Genesis Global Capital, a cryptocurrency brokerage firm, has announced the completion of a first-of-its-kind trade. That will pave the way for new institutional crypto futures products. Genesis has completed the first-ever OTC block trade of a Basis Trade at Index Close (BTIC) transaction using Bitcoin futures contracts issued by the Chicago Mercantile Exchange (CME). According […]

California named as the “most crypto-ready” state in the US

California named as the “most crypto-ready” state in the US

According to new industry research from the review site Crypto Head. California has emerged as the most crypto-ready jurisdiction in the United States. Thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state’s population. California won the crypto-ready index with a score of 5.72 out of ten, beating out […]

Insiders say the majority of Korean crypto exchanges will close this month

Insiders say the majority of Korean crypto exchanges will close this month

The deadline for South Korean crypto exchanges to meet new compliance requirements is fast approaching. All operators expected to submit requests for official licenses to the Financial Services Commission (FSC) by September 24. For much of the past year, industry actors. And representatives for smaller exchanges have fought the new requirements but without success. According […]

Russian central bank
Source: Adobe/999xy

Russian Central Bank has told domestic banks to block crypto exchange transactions

The Russian central bank has told domestic commercial banks to block the crypto exchange-related card and e-pay transactions for their customers. The Bank of Russia stated in an official statement that internet-based “shadow economy”-related businesses must be eliminated. It urged domestic banks and e-payment providers to identify all accounts. And e-wallets associated with “illegal business […]

cryptocurrency industry

Senator Elizabeth Warren refers to cryptocurrency industry as a “new shadow bank”

Senator Elizabeth Warren of Massachusetts, one of the most outspoken cryptocurrency critics in Congress, has dubbed the cryptocurrency industry the “new shadow bank.” Warren told the New York Times on Sunday that the cryptocurrency industry provides “many of the same services” as shadow banks. But that it still lacks “consumer protections or financial stability that […]

xtoken-askrypto_banner

xToken, a beleaguered DeFi project, hacked for the second time since May

Hackers discovered a vulnerability in the smart contracts for xToken’s xSNX product over the weekend. Exposing the decentralized finance project to yet another attack. The xToken team announced on Aug. 29 that the attack had drained roughly $4.5 million from the company’s xSNX product. This allows users to gain exposure to Synthetix-based assets without having […]

crypto, Chile's opposition leader owns Ethereum, But he is a skeptic of the crypto

Chile’s opposition leader owns Ethereum, But he is a skeptic of the crypto

Although he calls himself a crypto “skeptic,” a Chilean opposition party leader has called for crypto to be recognized. As an asset class and claimed to have ethereum (ETH) holdings. According to a report from DF Mas, Giorgio Jackson, the founder of the Democratic Revolution political party. Which has ten seats in the lower chamber […]

Israel’s national intelligence agency, Mossad

Israeli intelligence agency Mossad is looking for a crypto expert

Mossad, Israel’s national intelligence agency, has advertised a position for a cryptocurrency expert with at least three years of experience in the fintech industry. Moreover, according to the job description, the candidate must have “in-depth technological understanding. And expertise in the worlds of fintech, e-commerce, DEF, and digital currencies.” The job description simply states that […]

Alchemy Pay

Alchemy Pay to introduce virtual crypto cards with Visa and Mastercard support

Alchemy Pay, a hybrid crypto-fiat platform, announced on Monday, that it will launch virtual crypto-linked cards accepting more than 40 cryptocurrencies such as Bitcoin (BTC). The new cards can link to Google Pay and PayPal digital wallets. And they can make payments across the Mastercard and Visa networks. As well as popular e-commerce platforms such […]

crypto

On Tuesday, lawmakers will vote on an unaltered crypto tax bill

The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation. And any crypto firm deemed to be a “broker” will be subject to broad third-party reporting requirements. On Monday, Jake Chervinsky, Compound Labs’ general counsel, tweeted. That the US Senate had voted 68 in favor to 29 against ending the […]