Category Archives: Cryptocurrency News

FATF in updated manual Clarified the DeFi and NFT Regulations

The Financial Action Task Force on Money Laundering (FATF) has published a new version of the cryptocurrency industry regulation guide. The agency has released a revised and revised guide to cryptocurrencies clarifying who qualifies for the FATF’s recommended requirements. In the amended guideline, DeFi is equated to Virtual Asset Service Providers (VASPs) because it exchanges, stores cryptocurrencies and complies with VASP standards. This applies to blockchain-based services such as decentralized applications (DApps). Insofar as the…

LinkedIn: the number of vacancies in blockchain and cryptocurrencies increased sevenfold in a year

According to data from business social networking site LinkedIn, the number of blockchain and cryptocurrency job vacancies has grown by 615% since 2020. The Economic Graph, a research group on LinkedIn, estimates that large financial companies will add three times the number of people with digital asset experience this year compared to 2015. Already in the first half of this year, the number of cryptocurrency specialists who got a job grew by 40% compared to…

DBS Bank joined the governing board of Hedera Hashgraph

DBS Bank Joins Hedera Hashgraph Governing Council Singapore-based DBS Bank has joined the Hedera Hashgraph Governing Board to explore the possibilities of blockchain use in the banking industry. Hedera Hashgraph is developing an enterprise blockchain for building applications in a decentralized economy. Hedera’s website states that DBS was one of the first banks in Southeast Asia to join Hedera’s governing board. DBS intends to contribute to the exploration of the possibilities of blockchain and distributed…

Crypto Industry Defenders Protest Ban on Placing NFT Games on Steam

A non-profit organization of lawyers insists on lifting the ban on the placement of games using NFT and cryptocurrencies on the Steam platform. In October, the popular PC game distribution platform Steam updated its terms of use, banning any games using NFTs, cryptocurrencies, and other blockchain-based technologies. In this regard, the non-profit organization of lawyers “Fight for the Future”, which protects the digital rights of citizens, including in the field of cryptocurrencies, sent an open…

The Central Bank of Spain ordered the operators of cryptocurrency services to register

The Central Bank of Spain has published a guide to registering companies, marketplaces and banks wishing to provide cryptocurrency services to Spanish citizens. Last week, local banks asked the Bank of Spain to clarify whether they should register with the register of cryptocurrency service operators if their activities are already controlled by the regulator. The central bank dispelled their doubts by stating that any institutions and individuals wishing to provide cryptocurrency services in the country…

Janet Yellen proposed to introduce a tax on unrealized capital gains

The introduction of a tax on unrealized capital gains will force investors to pay for the growth of the rate of cryptocurrencies, even those that are passively lying in the wallet. If the proposal of the US Treasury Secretary is accepted, cryptocurrency holders will have to sell their assets or pay for their rise in price from their fiat income. This will have fatal consequences for the middle and lower classes who own cryptocurrencies. Janet…

Tribe Capital will launch a $ 75 million cryptocurrency fund to support startups

Initially, the investment fund sought to raise $ 50 million, but due to increased investor interest, this amount was increased to $ 75 million. The fund intends to direct 75% of investments to projects of North American companies and 25% to international startups. Tribe Capital, a venture capital firm with over $ 1.3 billion, has previously shown deep interest in the crypto industry. She invests about 20% of assets in cryptocurrency projects. In particular, the…

South Korean Pension Fund Prepares to Invest in Crypto ETF

The Pension Fund for Scientists and Educators of South Korea decided to invest part of the capital in ETFs on Bitcoin futures. This is the first time a Korean pension fund invests in the cryptocurrency industry. The Korean Faculty and Staff Mutual Aid Foundation plans to start investing in the first half of 2022: in a local cryptocurrency ETF, if launched, or in a similar instrument on an overseas platform. The investment will be determined…

FTX Exchange raised $ 420 million in the next round of financing

The owner of the company, Sam Bankman-Fried, believes that the bulk of investors have invested in the trading platform amid the growth of the cryptocurrency market. FTX has closed a new round of B-1 funding. 69 investors took part in the financing. Among them are BlackRock and Tiger Global, Ribbit Capital, and billionaires Alan Howard and Israel Englander, who participated in the previous round of funding. The exchange attracted investments in the amount of $…

CFTC investigates the activity of the cryptocurrency prediction market Polymarket

CFTC investigates the activity of the cryptocurrency prediction market Polymarket The activities of the Polymarket sweepstakes, which are preparing for the upcoming round of financing, have repeatedly attracted the attention of the Commodity Futures Trading Commission (CFTC). The regulator is investigating the New York cryptocurrency prediction platform for illegal offers to users of swaps and binary options. In addition, the Commission is considering whether the platform should obtain a regulatory license. The CFTC has studied…