Author: coinfeeds
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To solve the blockchain modularity issue, Celestia raises $55 million.
The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding round, which brought in $55 million. Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others, participated in the round, which was led by Bain Capital Crypto and…
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Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.
Securities and Futures Commission (SFC) of Hong Kong’s director of licensing and head of the fintech division both confirmed that the regulator is taking into consideration allowing retail investors to invest directly in crypto assets. “We’ve been regulating this industry for four years… We believe that now might be a good time to seriously consider…
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A Societe Generale subsidiary in France, the third-largest bank, has been registered as a provider of digital asset services.
The third-largest bank in France’s subsidiary, Societe Generale-Forge, has been registered as a provider of digital asset services with the Autorité des marchés financiers (AMF), the country’s financial markets watchdog. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The French financial regulator, the Autorité des marchés financiers, has now registered Societe Generale-Forge, Societe…
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EU Commissioner: “We Need to Look at Global Regulation of Crypto,” Urging the US to Develop New Crypto Rules
According to reports, the financial services commissioner of the European Commission urged American legislators to create new regulations for the cryptocurrency sector. We do require other parties to enact legislation. We must consider international crypto regulation, the commissioner said. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules In an interview with the…
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Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes
Shark Tank participant Kevin O’Leary, also known as Mr. Wonderful, predicts that bitcoin will increase in value once the Stablecoin Transparency Act is enacted, which could happen soon after the November midterm elections. Crypto cannot be stopped, O’Leary emphasized, adding: “You either join the wave or get lost.” ‘Regulations Come, Bitcoin Goes Up’ On…
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Report: A bill to make digital currencies legal tender is being discussed in Macau
According to a report, Macau, one of China’s special administrative regions, recently finished debating a bill that would make digital currencies legal tender. A fine of between $123 and $1,230 may be imposed on those who refuse to accept legal tender, according to the report. Improving Macau’s Legal System An executive council of Macau, a…
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According to EU regulations, Localbitcoins, Crypto.com, and other providers suspend services for Russians.
Well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have begun to limit or terminate services for Russian accounts in compliance with the most recent EU sanctions aimed at Russia. The actions come after new European sanctions were adopted in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services…
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Younger People Are 7.5 Times More Likely to Have Cryptocurrencies in Their Portfolios, According to a Bank of America Survey of Wealthy Americans
Younger, wealthy Americans are 7.5 times more likely than investors 43 and older to have cryptocurrency in their portfolios, according to research from Bank of America. Where do the newest generation of investors see opportunities for investment growth if they lack confidence in stocks? Cryptocurrencies, which are their top option, are alternatives, the bank wrote.…