Last week, on July 7, two senators, Cynthia M. Lummis (Republican, Wyoming) and Kirsten E. Gillibrand (Democrat, New York), introduced legislation to regulate digital assets. So what? The bill can be assessed here Exiting times, more to come, stay tuned …
Why care? In March the Axie Infinity’s Ronin Bridge was hacked and $625 million stolen, supposedly by North-Korean cyber criminals. What is special of the crypto-hack this time? Its scale, one of the biggest in history, its malicious actors, a Nation-backed criminal cyber group (Lazarus), and particularly its novel means of enforcement. In this short
Virtually any real asset can be mapped on a DLT system through tokenization. According to a WEF estimate, 10% of global GDP will be stored on the blockchain in 2027, around USD 9.38 trillion. Even if these dimensions will not be reached as quickly, it is quite obvious that this and the underlying Blockchain technology
How general-purpose blockchains and other powerful smart-contract platforms are taking the market by storm. Bitcoin is blockchain, but blockchain is not Bitcoin. Today, hundreds of standalone blockchain systems exist, the most powerful besides Bitcoin is Ethereum. As the first general-purpose blockchain, it goes far beyond Bitcoin’s readiness for use as a payment system, virtually single-handedly
Crypto breaks Wall Street’s ETF barrier – Was that now the turning point the crypto market was hoping for so long? Markus Hammer in Cointelegraph alongside other industry experts such as Arca CEO Rayne Steinberg, Ben Caselin from the crypto exchange AAX, Jay Hao, CEO of cryptocurrency exchange OKEx, or academia, Campbell Harvey, professor at
Switzerland offers excellent framework conditions and ecosystems in the blockchain and crypto sector, deserves international recognition as a hub and avant-garde (see more in a previous article). One would think that everything is in place to attract crypto companies, especially startups, if it weren’t for the fact that blockchain founders simply can’t find banks within
Crypto Nation Switzerland has outstanding starting conditions for crypto and digital asset ventures, not only for fintechs, neo or non-banks. Traditional banks are also increasingly venturing into the new terrain. On the one hand, the blockchain and crypto ecosystem that has been developed around Crypto Valley for years provides the necessary basis. More essential, especially
Regulators are desperately trying to tame the “monster” Cefi and incumbent financial industry created itself back in 2008 – We remember Financial Crisis > Bitcoin > Ethereum > Smartcontracts > Defi > DAO > … After CFTC s Dan Berkovitz, SEC’s Hester Pierce and others before, this time it is SEC Chair Gensler to call
At the same time that China has launched its intense crackdown on #cryptocurrencies, in the U.S., Corporate America appears to be welcoming crypto, and liberal regulatory approaches seem to be on the rise. #cryptoregulation in the two biggest economies of the world appear more and more to be a proxy for the struggle between two
In this article of cointelegraph, the various reasons for regulators to mobilize against #Binance are explained, Binance the biggest #cryptoexchange worldwide and barely regulated / authorized. The reasons in a nutshell: Full article here Exiting times, more to come, stay tuned …
