Briefly despite opposition from the SEC, more than a third of family offices intend to increase their exposure to digital assets. The UBS Global Family Office Report 2023 identifies a shift in this investor class’s strategic asset allocation. DeFi and tokenization platforms are also of interest to 27% of family offices, who plan to invest…
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Briefly MicroStrategy co-founder and self-described Bitcoin maximalist Michael Saylor believes that the value of Bitcoin will continue to rise. Saylor dismisses other cryptocurrencies, arguing that Bitcoin is the only institutional-grade investable asset in the crypto space. The tech entrepreneur also commends the SEC’s recent cryptocurrency guidance. Michael Saylor, co-founder of MicroStrategy and well-known Bitcoin maximalist,…
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As a result of marketplaces competing for a smaller pool of traders and investors, NFT liquidity has decreased. Over the past three months, daily NFT trade volume has been steadily decreasing. NFT marketplaces are increasing the incentives they offer to keep traders on their platforms to address this issue. As marketplaces compete fiercely for a…
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Briefly Hong Kong’s progress in developing a stablecoin regulatory framework suggests a shift in China’s crypto policy. Even Coinbase and other international cryptocurrency exchanges were invited to register in Hong Kong by a legislator. Central area China’s white paper on Web 3.0 development further recommends a likely lift of the Chinese prohibition on crypto. China…
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Briefly Binance and the SEC. US to haggle to stay away from resource freeze, following adjudicator Amy Jackson’s trade off encourage. Binance. Eight days into its case, the United States refuses to accept the “death penalty.” BNB cost up 7% in the midst of claims of market control by crypto industry examiners. Binance and the…
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Starting in July, U.S. users won’t be able to invest in DASH, MANA, ALGO, and MATIC. In an email that was shared with CryptoSlate on June 12, stock and cryptocurrency trading platform eToro stated that users based in the United States would not be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash…
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According to information provided by the blockchain analysis company Arkham Intelligence, on June 12, Tether’s Treasury sent Binance $750 million USDT. After a $10 test transaction, the transactions were sent in three $250 million batches. To ensure stable coin liquidity across all chains, the exchange informed users earlier today that it would directly swap 750…
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Briefly the cryptocurrency giants Binance and Coinbase are being sued by the SEC for violating regulations and acting as unregistered brokers. The actions raise concerns about Wall Street’s potential dominance and the classification of certain cryptocurrencies as securities and stoke debates in the crypto industry. The legal campaign highlights the need for a clear, up-to-date,…
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Briefly Dogecoin (DOGE) price recovered $0.072 on Tuesday after a turbulent start to the week, but negative media sentiment has sent it back toward $0.065. The rising Mean Coin Age proposes that drawn out followers in the Dogecoin people group seem to have quit offloading their coins. Twitter and other relevant crypto-focused media channels have…
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In a nutshell Crypto.com has decided to shut down its institutional service for customers in the United States. Over 80 million people use Crypto.com’s retail side, which hopes to continue functioning normally. Due to the increasingly hostile regulatory environment, a growing number of crypto firms are decreasing or ceasing operations in the United States. Today,…
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