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Policy & Regulations
Market Wrap: Ether Hits New High, Outperforms Bitcoin as Altcoins Rally
Ether, the world’s second-largest cryptocurrency by market capitalization, reached a new all-time price high of around $4,400 on Friday, topping the previous record high of $4,379 in May, according to CoinDesk data.ETH is up about 11%…
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BSN Architect Red Date to Launch NFT Infrastructure in China
Red Date Technology, the firm behind the Blockchain Services Network, will launch infrastructure to support the deployment of non-fungible tokens in China.The project, dubbed the BSN-Distributed Digital Certificate (DDC), was announced…
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FATF Crypto Guidance Looks to Bring Industry in Line With Banks
“We recognize that there are a number of areas where both countries and the private sector have wanted more guidance from the FATF level about how they can implement this in practice,” said FATF Policy Analyst Ken Menz in an interview…
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From Pancake Batter to Bitcoin Mining: Struggling Businesses Try 2017-Style Pivots
Which is harder, mining bitcoin or selling pancake batter?Nate’s Foods is about to find out.The little-known, publicly traded company, based in Huntington Beach, Calif., announced Oct. 25 that it has started mining the oldest and largest…
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Nigeria to Launch Its ENaira Digital Currency on Monday: Report
The Central Bank of Nigeria (CBN) will launch its digital currency, the eNaira, on Monday, Bloomberg reported.The eNaira, which is intended to complement the physical Naira rather than replace it, will “make financial transactions easier…
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Bitcoin Wraps the First Week of the ETF Era
This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Breakdown’s Weekly Recap,” NLW covers:The record-setting performance of the first bitcoin futures exchange-traded fund and what happens next as new ETFs…
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Pakistan High Court Grants Commission to Weigh Crypto Legality in Sindh Province
The committee is to be chaired by a deputy governor of the State Bank of Pakistan (SBP) along with officials of Ministries Of Finance, Information Technology, Pakistan Telecommunication Authority and Security and Exchange Commission of…
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Australian Senate Committee Makes 12 Recommendations for Crypto Regulation
Liberal Party Sen. Andrew Bragg, who chairs the committee and is an outspoken supporter of digital asset innovation and regulation, said Australia would be competitive with Singapore, the U.K., and the U.S. in its approach to crypto and…
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Asset Manager Pimco to Extend Crypto Involvement: Report
Investment behemoth Pimco, which has over $2.2 trillion in assets under management, has dabbled in cryptocurrencies and plans to invest further, according to Chief Investment Officer Daniel Ivascyn.Ivascyn told CNBC on Wednesday that…
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Put America’s Geeks to Work, Don’t Cage Them
As we progress into the digital age, America needs its computer geeks. Yet the U.S. government, rather than mine their ideas and talents, has thrown too many of them into prison. If we want to beat the Chinese and Russians in cyberspace,…
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