Gemini selects Ireland as its European headquarters, while Copper partners with Bitget for off-exchange settlement solution. Coinmint sues Katena Computing and DX Corr, and China’s Zhengzhou drafts a policy for metaverse industry development. Regulations and adoption updates also feature.
Search Results for: Copper
Bitget and Copper Collaboration: Boosting Security for Institutional Crypto Clients
Crypto exchange Bitget collaborates with custody firm Copper to offer heightened security and seamless trading experiences for institutional clients through ClearLoop integration, allowing secure storage of digital assets and streamlined trading on the exchange. Partnership aims to bolster confidence among institutional crypto investors.
Matrixport & Copper Partnership: Exploring Prime Brokerage Benefits and Potential Risks
Matrixport collaborates with crypto custodian Copper, integrating with Copper’s ClearLoop for off-exchange settlements for institutional clients. This partnership aims to create a more secure, transparent, and accessible financial market infrastructure for the digital asset industry, promoting capital efficiency and reducing counterparty risks. However, skeptics raise concerns on new risks and increased systemic risk from the integration.
Busan’s Bold Pursuit to be a ‘Blockchain City’: A Step Forward or a Step Too Far?
South Korea’s second-largest city, Busan, seeks to become a ‘Blockchain City,’ building an Ethereum-compatible mainnet for its various blockchain services. The city has allotted a budget of 100 billion won ($75 million) under the Blockchain Innovation Fund (BIF) with hopes to stimulate a seamless transition into blockchain implementation, by enhancing private services’ quality and interconnection.
Declining Bitcoin Presence on Exchanges: Indication of Changing Trade Dynamics or Signal of Caution?
“Bitcoin (BTC) holdings on centralized exchanges have decreased by 4%, reflecting a growing trend of traders using private wallets. This shift may mitigate massive sell-offs, but also raises concerns for new users dependent on exchanges. Recent security breaches have foregrounded the need for self-custody measures, as the crypto market undergoes a key metamorphosis.”
Dwindling Exchange Balances Foreshadow a Maturing Cryptocurrency Market
“The shrinking balance of Bitcoin on centralized exchanges, now at its lowest in half a decade, could signal a new phase in the crypto market. This decreasing reserve signifies growing investor confidence in long-term prospects of cryptocurrencies and a trend towards self-custody. The changing paradigm necessitates exchanges to reevaluate their business models for maintaining profitability.”
Striking a Balance: UK’s Rigorous Crypto Regulation Process and its Potential Backlash
The Financial Conduct Authority’s (FCA) rigorous registration process has led to only 13% of crypto companies receiving approval, as the requirements are deemed too challenging by some firms. The FCA’s stern warning that any information deficiency will lead to application rejection, along with a proposed ban on crypto incentives, further complicates the crypto industry’s operation in the UK.
Backpedaling or Forward Leaping: Regulatory Uncertainty Puts Crypto Adoption at Crossroads
“Key U.S companies such as Nasdaq and Citigroup reconsider their stance on crypto due to regulatory uncertainty. However, others like Societe Generale and Schroders show a continued interest in crypto. Regulatory environments in the U.S and Europe contrast, with Europe taking a more embracive stance.”
Bitget’s Ambitious Expansion into the Middle East: Opportunities, Challenges, and Future Projections
“Crypto trading platform Bitget is expanding its operations into the Middle East, starting in Dubai. The company aims to hire dozens of employees, consolidate its presence with regional headquarters, and navigate regulatory complexities, following successful ventures in Turkey.”
The Crypto Rollercoaster: A Week of Breakthroughs, Setbacks and Controversy
“Bitcoin continues to attract institutional investors, while Ethereum users propose ERC 7265 to counter DeFi hacks. Solana’s liquid staking protocols see a 91% surge, hinting at mainstream market’s growing crypto acceptance. Yet, regulatory tensions, security concerns, and the rise of crypto-related cybercrimes pose significant challenges in the crypto landscape.”
Navigating the Rocky Road to CBDC Adoption: Overcoming Obstacles and Addressing Pitfalls
Crypto researcher Fadi Aboualfa casts doubt on the efficiency of Central Bank Digital Currency (CBDC) platforms as substitutes for cash, noting their failure to address vital technical parameters. He highlights interoperability issues and warns of potential consumer trust crises in the event of a bank scandal affecting branded CBDCs.
Navigating the Abyss: Banking Crises, Counterparty Risks and the Rise of Crypto Solutions
“Sombre banking crises globally reveal the fragility of traditional banking systems. Crypto presents an exciting possibility – self-custody. This enables investors to control risk factors, gain insight into asset compositions and oversight over counter-party involvement in the asset cycle, hence highlighting the dire need for alternative financial systems.”
Bloomberg Analyst’s Bearish Outlook on Bitcoin: Causes and Potential Market Impact
Bloomberg analyst Mike McGlone recently released his June Crypto Outlook report, forecasting potential downfall for Bitcoin and the entire crypto market. He points to factors such as a possible US recession, bear market for equities, and high interest rate competition as potential triggers for decline.
Revolutionizing Crypto Custody: Qredo’s Open-Source Solution Takes on Centralized Storage Giants
Qredo introduces an open-source institutional self-custody wallet solution amid concerns over centralized crypto storage. Featuring multi-party computation key sharding, enhanced team permissions, and streamlined approval, Qredo aims for a cost-effective, user-friendly, and secure model to revolutionize the crypto storage landscape.