Bim Afolami, who became U.K. Economic Secretary in November, will be available to speak to the Crypto and Digital Assets All-Party Parliamentary Group. Jeremy Hunt, who serves as chancellor of the exchequer for the United Kingdom, said Economic Secretary Bim Afolami would be “more than happy to meet” and discuss issues related to digital assets...Continue Reading

The regulators’ forum looked at the effective implementation of basic principles in a series of interrelated reports. The International Organization of Securities Commissions (IOSCO) released nine policy recommendations on Dec. 19. The organization is seeking to encourage greater consistency of regulatory oversight within and across jurisdictions. The recommendations are the end result of a process...Continue Reading

The Web3 game publisher launched a new login method for five games and apps that does not require users to store seed words. Web3 game publisher Immutable has launched its new wallet infrastructure, called “Immutable Passport,” according to a Dec. 19 announcement. The new login method allows users to create and recover their wallet using...Continue Reading

Commissioners wonder if the CFTC is ready for vertical integration, and if digital assets pose extra risks. The United States Commodity Futures Trading Commission (CFTC) granted digital asset derivative exchange Bitnomial a clearinghouse license on Dec. 13. Bitnomial already had derivatives exchange and brokerage (futures commission merchant — FCM) licenses. Bitnomial thus became a regulated...Continue Reading

According to the Massachusetts senator, many government officials could be laying the groundwork while in public service to “audition” for positions in the crypto industry. Massachusetts Senator Elizabeth Warren, an outspoken opponent of digital assets in the United States Congress, has called on crypto advocacy groups to answer questions regarding the industry’s use of former...Continue Reading

The developer is offering up to $100,000 to any white hat hacker who can discover a wallet-draining vulnerability. The developer of Atomic Wallet has launched a $1 million bug bounty to find security flaws in its wallet software, according to a Dec. 18 announcement. The launch comes amid an ongoing class action lawsuit against the...Continue Reading

The potential for an extensive ‘altseason’ remains uncertain, but various industry sectors, previously inactive during the bear market, are beginning to exhibit early signs of revival. Bitcoin marked its third consecutive month of gains at the close of November, prompting a renewed interest in alternative cryptocurrencies (altcoins) that had initially picked up in October. Consequently,...Continue Reading

The partnership allows Alchemy Pay users to access Worldpay’s Visa and Mastercard payment rails. Singaporean fintech Alchemy Pay has secured a partnership with United Kingdom-based payment processor Worldpay. According to the Dec. 19 announcement, the partnership will grant Alchemy Pay users access to Worldpay’s Visa and Mastercard payment rails for purchasing cryptocurrencies with their credit...Continue Reading

Solana’s price uptrend lacks the underlying momentum required to continue its bull run, indicating a selloff ahead. Solana’s SOL (SOL) price risks losing nearly half its value in the coming weeks as a classic technical setup puts a potential 40% crash into play. As of Dec. 19, SOL is trading at around $76.35, up around...Continue Reading

The proposed settlement is still subject to approval by U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas. Debtors for defunct cryptocurrency exchange FTX have announced a global settlement with the Joint Official Liquidators for the firm’s Bahamian arm as part of bankruptcy proceedings. In a Dec. 19 announcement,...Continue Reading