Category: Business

[ad_1] Santiago Roel Santos, founder and CEO of crypto investment company Inversion Capital, said cryptocurrencies are not subject to positive network effects, but other experts disagree. In a recent Substack post, Santos wrote that “crypto is priced for network effects it doesn’t have.” He also pointed to the network effect valuation system, Metcalfe’s Law, saying…

[ad_1] South Korea is likely to end the year without a framework for locally issued stablecoins, amid ongoing disputes over the role of banks in stablecoin issuance. The country’s central bank, the Bank of Korea (BOK), and other financial regulators have clashed over the extent of banks’ involvement in issuing Korean won-backed stablecoins, delaying a…

[ad_1] Animoca must meet capital, compliance, and operational conditions before final approval. The firm already secured in-principle approval for a crypto brokerage licence in Dubai in October. Animoca’s portfolio spans more than 600 companies in web3 gaming, infrastructure, and digital rights. Animoca Brands is taking a major step in its regulated expansion strategy as it…

[ad_1] Key Takeaways Grayscale’s XRP and Dogecoin ETFs are set to debut on NYSE Arca next Monday. Both ETFs will charge a 0.35% management fee and mark Grayscale’s expansion after Bitcoin and Ethereum ETF conversions. Share this article The NYSE Arca has certified its approval for the listing of the Grayscale XRP Trust ETF (GXRP)…

[ad_1] UK authorities have stepped up efforts to dismantle crypto-linked money laundering networks, warning that cash couriers are a vital link between illicit cash and digital assets. Cash Couriers Bridge Physical and Digital Crime United Kingdom (UK) authorities have intensified efforts to disrupt crypto-linked money laundering networks, warning that cash couriers remain a critical link…

[ad_1] Japanese investment giant Softbank, recently sold off its entire stake in Nvidia; and now Peter Thiel’s hedge fund is following suit. Nvidia’s Sell-Off: A Signal From Smart Money? A curious trade was revealed on Peter Thiel’s Macro LLC hedge fund’s 13F filing that was submitted on Friday; all of its Nvidia stock was sold…

[ad_1] KuCoin Pay has integrated with Pix, Brazil’s central bank-run instant payments network, allowing users to convert and spend cryptocurrencies at any merchant that accepts Pix QR codes.  The launch taps into one of the world’s largest crypto user bases, with roughly 26 million Brazilians, about 12% of the population, now using digital assets, according…

[ad_1] Key Takeaways CME Group and CF Benchmarks have partnered to launch new Bitcoin volatility indices. Two products were introduced: the CME CF Bitcoin Volatility Index – Real Time (BVX) and the CME CF Bitcoin Volatility Index – Settlement (BVXS). Share this article CME Group, the world’s leading derivatives marketplace, partnered with CF Benchmarks, a…

[ad_1] EMCD, the ecosystem rooted in one of the world’s largest mining pools, is set for a significant expansion. The latest product release, the EMCD Payment Cards addresses one of crypto’s most persistent gaps: the ability to easily use digital assets for everyday spending. With the new card, users can turn their crypto into real-world…

[ad_1] Bitcoin ATMs were spotted across major shopping malls in Nairobi days after Kenya implemented its first comprehensive cryptocurrency law, creating an immediate stress test for regulators who claim that no crypto provider is yet authorized to operate.  Local media outlet Capital News reported that several major malls across Nairobi had new machines branded “Bankless…