Singapore-based Oversea-Chinese Banking Corp.(OCBC) is mulling over setting up a crypto-exchange, as per a report by Bloomberg. The multinational bank can join the likes of DBS Vickers, the venture arm of DBS Bank, which was granted a crypto-license from the Monetary Authority of Singapore (MAS). In a recent interview, Chief Executive Officer Helen Wong commented,Continue reading “Singapore-based OCBC looking to set up crypto exchange, to address customer needs”

2021 has seen crypto adoption skyrocket like never before. But, many might still not engage in the asset class due to several reasons including volatility and environmental concerns. The rest are still learning about the evolving technology. To be or not to be Some reports point out that just like investors, wealth managers are alsoContinue reading “Opting out of crypto offerings can come at a cost for wealth managers”

The U.S Joint Economic Committee (JEC) held a hearing titled “Demystifying Crypto: Digital Assets and the Role of Government” on 17 November. The agenda? Exploring the “regulatory, policy and economic concerns posed by digital assets.” Crypto-risks and stablecoin framework In his opening statement, JEC Chair Don Beyer commented, “Increased crypto-market volatility or a digital bank-runContinue reading “What does the U.S Congress JEC think about Tether and Co.”

As the regulatory landscape in India is expected to slowly gain clarity on the crypto front, officials appeared bullish on an Indian CBDC next year. As per local reports, a senior central bank officer confirmed, “I think somewhere it was said that at least by the first quarter of next year a pilot could beContinue reading “India: RBI clamps down on illegal digital lending before CBDC pilot next year”

Binance.US has announced that it will now list Avalanche (AVAX) and soon allow deposits for trading. Open trading on AVAX/USD and AVAX/USDT pairs is set to commence on 18 November, as per a notice released by the exchange. This development comes after Binance.com listed AVAX last year. And, just last month, the exchange had announcedContinue reading “Binance.US to list Avalanche after yet another recent ATH”

“I think there’ll be a really cool experiment to kind of explore and build.” While investors are considering the metaverse to be the next big opportunity, the Government of Barbados has gone ahead to create the world’s first Metaverse Embassy. With rapid development ongoing in the space, IOHK’s Charles Hoskinson also has his own viewsContinue reading “Mapping Cardano founder’s idea of a future Metaverse”

Recently, Brazilian congressman Luizão Goulart proposed allowing crypto-payments for employees in the country. At the time, he had argued it can be used to harness the benefits of the technology and bring in the advantages of decentralization. In fact, the central bank’s figures revealed that Brazilians bought crypto worth $ 4.27 billion between January andContinue reading “Can this Brazilian neo-bank’s crypto-solution help its adoption”

U.S lawmakers are divided after President Biden signed the controversial Infrastructure bill a day back. The legislation, one that contains crypto-tax provisions, will “stifle innovation” in the industry, according to Senator Ted Cruz. Meanwhile, industry players like Coinbase and Ripple have been introducing proposals as suggestions for some regulatory clarity. Three-rule solution In this context,Continue reading “Cardano: Here’s Hoskinson’s 3-rule solution for crypto-clarity in regulations”

The year-to-date inflows are at a record high of US$8.9 billion as per CoinShares’ weekly fund flows until 5 November. The numbers have broken last year’s record of US$6.7 billion in inflows. Massive inflows The report also noted that this marks the twelfth consecutive week of positive flows in digital investment products totaling US$174b justContinue reading “Galaxy Digital exec compares crypto funds to ‘hedge-fund space in early 2000s’”

Metaverse has become a hot topic, especially after Mark Zuckerberg’s announcement around Facebook rebranding some time back. Soon after, Morgan Stanley came out to call it the next big investment vertical. Currently, there are a number of metaverse tokens in the market that include names like Axie Infinity (AXS), Decentraland (MANA), Enjin Coin (ENJ), andContinue reading “When it comes to metaverse, it ‘really comes down to learning.’ Here’s why”

Global crypto adoption has taken off lately with an 880% increase over the last year. However, the growth is uneven, with industry voices opining that the UK is lagging behind the United States. At a recent event, host Peter McCormack and BCB Group CEO Oliver von Landsberg-Sadie discussed the very topic. Landsberg-Sadie commented that USA’sContinue reading “Looking into reasons why U.S. may be better placed than the UK in the crypto race”

Over the past few days, India has maintained a spotlight on the crypto-market. In fact, the government also concluded its first stakeholders meeting yesterday with more regulatory clarity expected in the coming days. During the meeting, there was a ‘consensus‘ that “cryptocurrency can’t be stopped, but it must be regulated.” Jayant Sinha, Chair of theContinue reading “India: Why regulations might have to wait until a formal ‘understanding’ of crypto”