G20 countries, consisting of the world’s twenty-biggest economies, have unveiled plans for the swift implementation of a global framework for crypto assets. This initiative, known as the Crypto-Asset Reporting Framework (CARF), is poised to revolutionize how information about crypto transactions is exchanged among nations. During a two-day summit in New Delhi, G20 leaders unanimously called […]
India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. The framework is a five-point approach that focuses on setting up advanced Know Your Customer (KYC) for crypto companies, […]
France has taken a step towards licensing financial influencers by introducing a non-obligatory Responsible Influence Certificate. The certificate, which has been in existence since 2021, requires influencers to pass a 25-question multiple-choice test with a minimum of 75% correct answers. The course covers a range of investment products, including equities, bonds, ETFs, funds, derivatives, wine, […]
Coinbase has increased the interest rate on USDC held on the exchange from 2% to 5%, a 150% increase. This reward mechanism is funded directly by Coinbase and is not subject to SEC scrutiny. The move is an attempt to increase adoption of USDC, which has lagged behind its rival Tether’s USDT in terms of […]
Bitcoin could be in for a significant year in 2024, according to a report by Capriole Investments. Charles Edwards, the author of the report, suggests that a combination of factors, such as Bitcoin’s role as an inflation hedge, the upcoming Halving event, and the possibility of ETF approvals, could lead to high returns. Edwards addresses […]
This September, the crypto market is brimming with potential, with Polygon (MATIC), Terra (LUNA), and InQubeta ($QUBE) as top contenders. Analysts are predicting a bullish run for these altcoins, suggesting investors accumulate some before they skyrocket. InQubeta ($QUBE) is a new player in the crypto space, aiming to revolutionize the AI industry by providing an […]
The leaders of the G20, the world’s 20 biggest economies, are pushing for a speedy implementation of a cross-border framework for crypto assets. The framework, known as the Crypto-Asset Reporting Framework (CARF), is set to facilitate information exchange between countries beginning in 2027. The CARF was first introduced in October 2022 by the Organization for […]
El Salvador has taken a bold step in its adoption of Bitcoin, making it a legal form of currency in the country. President Nayib Bukele had high hopes for the cryptocurrency, believing it could offer more accessible banking solutions and streamline the flow of remittances. Despite some skepticism from international organizations, Bukele has remained committed […]
Bitget, a top crypto derivatives and copy trading platform, has released its latest monthly Proof of Reserves (PoR) report, showing a total reserve ratio of 208%. This report is part of Bitget’s commitment to comprehensive transparency and to ensure that user funds are fully backed 1:1 and available on demand.Gracy Chen, Managing Director at Bitget, […]
Tom Emmer, the Majority Whip of the U.S. House of Representatives, has introduced an amendment that has drawn attention to the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry. In his statement, Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority and is negatively affecting the American people. He urges […]
