Finance

The UK Financial Conduct Authority has issued final guidance outlining when crypto activities may require authorization under the country’s incoming regulatory regime. The guidance covers activities such as issuing qualifying stablecoins, operating crypto trading platforms, dealing and arranging transactions, safeguarding cryptoassets and arranging crypto staking. It is intended to help firms determine whether their activities fall within the regulatory … Read more

Peter Schiff says the bond market didn’t break recently, it broke in 2020, and everything since has been a slow unwind. Across this conversation with Grace Remington and Sean Hagan, he connects rising Treasury yields, the Fed’s expected rate decision, the dollar’s loss of purchasing power, and the central bank rush into gold. He argues … Read more

Morgan Creek Capital CEO Mark Yusko has said that bitcoin’s fair value is $105,000 based on Metcalfe’s Law.  Speaking on Bitcoin Magazine TV on Wednesday, the investment management firm said that now was the best time to buy the leading cryptocurrency as it is “on sale.”  Metcalfe’s Law, an observation by Internet entrepreneur Robert Metcalfe, … Read more

Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday. Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost … Read more

Germany’s largest bank, Deutsche Bank, is awaiting regulatory approval to launch digital asset custody solutions for institutional clients and corporations in Europe.  Deutsche Bank plans to go live with the offering for its first clients this year, subject to completion of the applicable regulatory timeline, the bank announced on Wednesday. The bank plans to offer … Read more

Phemex CEO Federico Variola says AI has been a ‘net negative’ for crypto, despite the crypto exchange announcing an AI-focused transformation earlier this year.  Speaking on Cointelegraph’s Chain Reaction, Variola said AI has diverted capital away from the industry, while empowering attackers and driving up cybersecurity costs for smaller teams — pressures that risk pushing … Read more

What happens when the Fed and Treasury finally step in to suppress long-end rates? Matt Cole says the dollar becomes the release valve and scarce assets rip. In this interview with Grace Remington and Sean Hagan, the Strive CEO lays out his three-part macro thesis on the dollar, long-end treasury rates, and Bitcoin reclaiming its … Read more

Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after the Senate on Tuesday failed to advance a major crypto bill establishing a regulatory framework for digital assets. The Senate voted 49-50 on a motion to invoke cloture and advance the CLARITY Act, short of the 60 votes needed. Industry … Read more

Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act.  The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after dropping as low as $75,038 at one point on Tuesday.  Lawmakers blocked the landmark digital asset market structure bill in a … Read more

Bitcoin wallet manufacturer BitBox is putting Lightning in users’ pockets.  Owners of any BitBox hardware wallet can create a Lightning hot wallet inside the mobile BitBoxApp, fund it directly from their on-chain balance and pay invoices without bouncing between apps, wallets or third-party services, the company announced Tuesday.  And users don’t need a new recovery … Read more