Category: crypto

The UK plans to unveil a new crypto regulatory framework in early 2025 to address oversight challenges for stablecoins, staking, and digital asset services. The Labour government aims to streamline rules for the industry, focusing on stablecoins and staking. The initiative seeks to remain competitive and attract investment while ensuring consumer protections.

Following Donald Trump’s election, regulators are advocating for crypto market reforms, including regulatory sandboxes and allowing tokenized funds as collateral in traditional derivatives trading. SEC Commissioner Mark Uyeda supports clarifying regulations for crypto offerings falling under SEC jurisdiction and creating safe harbors for innovation. The CFTC also recommended using tokenized funds as collateral, awaiting review.

Yu Xian, founder of Slowmist, warns of AI code poisoning, injecting harmful code into AI models’ training data. A user lost $2,500 in digital assets after ChatGPT recommended a fraudulent API. Scammers manipulate AI training data to generate fraudulent outputs. Xian urges caution with large language models to prevent further financial losses and trust issues…

Newmarket Capital has introduced a unique loan model that combines real estate financing with Bitcoin collateral, as reported on CNBC’s “Squawk Box.” The loan refinances a multifamily property in Philadelphia, incorporating 20 Bitcoin into the collateral. This structure offers better security for lenders and could benefit pension funds by providing exposure to Bitcoin’s potential growth…

Binance, the world’s largest crypto exchange, has surpassed 240 million users globally, adding 70 million new users in 2023. CEO Richard Teng attributes this growth to retail and institutional adoption, with the platform holding $130 billion in user assets. Binance’s success is driven by mainstream finance integration, regulatory compliance, and innovation.

Ethereum has experienced a significant increase in supply due to the Dencun upgrade, adding over 350,000 ETH since March. The inflation rate is now 0.35%, with 120.4 million ETH in circulation. The rise in supply is attributed to changes in base fee dynamics and increased ETH staking, impacting network security and token issuance.

Bitcoin has been performing exceptionally well in the Eurozone due to the weakening of the euro. Currency fluctuations have boosted Bitcoin gains, with BTCEUR leading the way as the euro depreciates.

Galaxy Digital CEO Mike Novogratz believes Bitcoin reaching $100,000 is just the beginning. He predicts even higher prices due to factors such as President-elect Donald Trump’s pro-crypto stance. Despite optimism, Novogratz warns of potential corrections and advises investors to buy Bitcoin directly rather than through crypto-linked equities.

Charles Schwab Corp. is preparing to enter the spot crypto market, indicating a shift in strategy for the financial giant in anticipation of regulatory clarity. Incoming CEO Rick Wurster revealed the company’s plans, emphasizing readiness to capitalize on changing regulations. Competition from firms like Robinhood has prompted Schwab to reassess its approach.

A federal court has invalidated the SEC’s dealer rule in the crypto sector, ruling that it exceeds statutory authority and creates uncertainty. The decision came after a legal challenge by the Blockchain Association and CFAT, who argued the rule stifles innovation. Industry leaders hope the ruling will lead to clearer regulations.