The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment. Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions. According to a Thursday report...Continue Reading

Brainard says if crypto remains unregulated as it is integrated into the larger financial system, it will bring risks of instability of the type currently being seen. Brainard spoke the most general terms throughout her speech. She highlighted performance issues that have been seen in cryptocurrency recently, such as volatility, correlation with risky equities, liability...Continue Reading

Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week. Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the...Continue Reading

Bitcoin and select major altcoins have risen from their recent lows, signaling an increase in volatility in the near term. Bitcoin (BTC) rallied to the 200-week moving average on July 8, a level that could act as a battleground between the bulls and the bears. Several analysts are watching this level because a break and...Continue Reading

Crypto bear markets are rough, but there are five moonshot events that could turn the ship around. Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed.  As the popular topic of conversation now centers...Continue Reading

Jason Fung said he hopes to solve interoperability problems with Metaverse development through his new company Meta0. Cointelegraph had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in store...Continue Reading

As the search for an elusive Bitcoin bottom continues, at least one United States miner was forced to liquidate a portion of its holdings in June. Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our...Continue Reading

The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves. Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender. In a statement issued Friday, Tether explained...Continue Reading

The subscription-based unique NFT is capped at 10,000 and buyers would receive a digital debit card along with the NFT to pay for their subscription. On Friday, Web3 subscription and ticketing solution provider Revuto announced a novel subscription model for Netflix and Spotify, using a nonfungible token (NFT) solution. Revuto said it would offer a...Continue Reading

Ashley Alder said the FCA would help “chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition.” Ashley Alder, the chief executive officer of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority. In a Friday announcement, the U.K....Continue Reading