Tag: Crypto

Turkey moves to expand Masak’s powers to combat illicit crypto activity

admin

Key Takeaways Turkey is expanding the powers of its Financial Crimes Investigation Board (Masak) to combat illicit crypto activities, including illegal gambling. Masak could gain the authority to restrict mobile and internet banking operations suspected of facilitating financial crimes connected to cryptocurrencies. Share this article Turkey is moving to strengthen its Financial Crimes Investigation Board (Masak) with expanded powers to combat illicit crypto activity, according to Bloomberg. The proposed measures target misuse of bank and crypto accounts in schemes such as illegal gambling and fraud. The proposed regulation would grant…

Bitcoin No Longer First Choice as Crypto Onboarding Evolves

admin

A recent survey from data aggregator CoinGecko found that only 55% of new crypto owners started with Bitcoin in their portfolio, which analysts say is a sign of a maturing market.  A survey released on Monday of 2,549 crypto participants from data aggregator CoinGecko also found that 10% of respondents have never even bought Bitcoin (BTC). “In other words, Bitcoin has become less likely to be the onboarding mechanism over time, as other narratives and altcoin communities have emerged and gained traction,” CoinGecko research analyst Yuqian Lim said. Only 55%…

Don’t blindly Cheer for a Bitcoin Strategic Reserve — Crypto Exec

admin

Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto the market, thereby disrupting the core proposition of BTC as neutral, decentralized money.  He asked: “What happens in a few years if a new administration decides this was a bad idea?” Rafique added: “Despite recent…

Bombay Stock Exchange rejects company listing for crypto investments

admin

Key Takeaways Bombay Stock Exchange (BSE) denied Jetking Infotrain’s listing because the company planned to invest 60% of raised funds in virtual digital assets, mainly Bitcoin. Indian regulatory framework allows companies to use profits for crypto purchases but not public fundraising for such investments. Share this article The Bombay Stock Exchange denied Jetking Infotrain’s listing application after the IT training company disclosed plans to allocate around 60% of raised funds to virtual digital assets as a treasury strategy. Jetking, which planned to raise over ₹6 crore through share sales, intended…

Crypto Treasury Narrative Bears Striking Similarly to Dotcom-Era Thinking

admin

The crypto treasury narrative, which has become a major feature of the current market cycle, parallels investor sentiment from the dotcom era of the late 1990s and early 2000s, which caused the stock market to sink by about 80%, according to Ray Youssef, founder of peer-to-peer lending platform NoOnes app. The same overzealous investor psychology that led to over-investment in early internet and tech companies during the dotcom crash has not disappeared due to the presence of financial institutions in crypto, Youssef told Cointelegraph. He said: “Dotcoms were an innovative…

Brazil’s Nubank appoints former Coinbase director as crypto lead

admin

Key Takeaways Nubank, Brazil’s largest digital bank, named Michael Rihani, ex-Coinbase director, as Head of Crypto. Rihani oversaw non-trading products and helped launch nearly $1 billion in Bitcoin-backed loans at Coinbase. Share this article Brazil’s Nubank, a digital financial services platform with over 123 million customers, appointed Michael Rihani as Head of Crypto today. Rihani recently left his role at Coinbase, the US-based cryptocurrency exchange, where he led non-trading products. Rihani will report to Nubank’s executive director of crypto and digital assets, focusing on advancing the Nubank Crypto platform for…

Vanguard explores crypto ETF access for US brokerage clients: Report

admin

Key Takeaways Vanguard is considering allowing US brokerage clients to access crypto ETFs, a change from their previous restrictive policy. This move comes as other major firms, like Morgan Stanley and E*Trade, open access to direct crypto trading for clients. Share this article Vanguard, the major asset management firm, is exploring allowing its US brokerage clients to access crypto ETFs, according to Crypto In America. The potential move would mark a shift for Vanguard, which previously restricted client access to cryptocurrency investment products. Other major firms have been expanding crypto…

OpenAI Launches ChatGPT Pulse Which Can Offer Crypto Tips

admin

OpenAI has launched a new feature for ChatGPT called “Pulse” — a personal assistant-style feature that “works for you overnight” to deliver daily personalized updates based on user interests.  It comes as retail traders are increasingly turning to AI to help them with stock picks and even crypto trading.  “Since ChatGPT launched, that’s always meant coming to ask a question. There’s magic in being able to simply ask and get answers to help you learn, create or solve problems,” the AI firm wrote on Thursday.  “However, that’s limited by what…

VanEck consults SEC Crypto Task Force on tokenization of ETFs

admin

Key Takeaways VanEck is actively engaging with the SEC Crypto Task Force regarding the tokenization of ETFs, focusing on the role of underlying issuers. The SEC Crypto Task Force is examining how DeFi, smart contracts, and new compliance frameworks relate to the future of tokenized financial products. Share this article VanEck, an asset manager actively filing for spot crypto ETFs, today consulted with the SEC Crypto Task Force on tokenizing ETFs. The discussions focused on the role of underlying issuers in tokenized ETF structures. The SEC Crypto Task Force recently…

Blockchain Analytics Neets AI: Making Crypto Data Accessible

admin

The blockchain industry has always prided itself on transparency. Every transaction on a public blockchain is permanently recorded, visible to anyone with an internet connection.  Still, with billions of transactions and hundreds of millions of wallet addresses, the sheer scale of that transparency can be paralyzing. Without the right tools, it’s less a crystal-clear ledger and more a haystack hiding countless needles. That is where blockchain analytics comes in.  The latest episode of The Clear Crypto Podcast discusses how blockchain’s radical openness has created both opportunities and challenges, and now,…