Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law. One of the world’s most hostile countries toward Bitcoin (BTC), China has not yet banned the possession of cryptocurrencies, according to David Lesperance, founder of Lesperance & Associates law firm. Crypto holders […]

Following United States President Joe Biden’s executive order on Ensuring Responsible Development of Digital Assets, federal agencies came up with a joint fact sheet on six principal directions for the crypto regulation in the U.S. It sums up the content of nine separate reports, which have been submitted to the President to “articulate a clear framework for responsible digital asset […]

Ethereum’s milestone switch from the proof-of-work to proof-of-stake might have just put the cryptocurrency right back in the crosshairs of the U.S. Securities and Exchange Commission (SEC). On Thursday, SEC Chairman Gary Gensler stated that proof-of-stake cryptocurrencies could qualify as securities under the Howey Test. PoS Assets Could Be Subject To Securities Laws: Gensler Gary Gensler has hinted at additional […]

Transitioning the Ethereum blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for Bitcoin to follow suit.  In a Thursday notice following the Merge, the United States-based Environmental Working Group, or EWG, announced it would be starting a $1-million campaign aimed at urging Bitcoin (BTC) to go green […]

Cryptocurrency startup Portofino Technologies has officially launched its high-frequency trading platform for digital assets, securing major funding from venture capital firms in the process.  In launching its platform, Portofino disclosed that it had raised $50 million in equity funding from Valar Ventures, Global Founders Capital and Coatue. Although Portofino didn’t disclose how the funding will be used, the company has […]

The Monetary Authority of Singapore, or MAS, has granted SBI Digital Markets, a subsidiary of the digital asset arm of Japan-based financial giant SBI Holdings, a license to conduct certain regulated activities in the country. In a Thursday announcement, MAS said it had awarded SBI Digital Markets a Capital Markets Services license following the firm receiving in-principle approval in May. […]

According to the September 2022 KPMG’s “Pulse of Fintech H1 2022” report, the total global investment in blockchain and cryptocurrency was US$32.1 billion in 2021. The KPMG report noted that crypto-focused companies attracted US$14.2 billion during H1 2022.  Although the H1 2022 investment in blockchain and cryptocurrency is higher than the full-year investments for 2019 (US$5.3 billion) and 2020 (US$5.7 […]