INX announces a new wallet designed for institutions, incorporating compliance features in partnership with BitGo. This wallet uses advanced multi-party computation (MPC) technology and meets cybersecurity/ custody standards within the financial sector for holding INX securities tokens.
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₿trust Acquisition of Qala: A Turning Point for Bitcoin Development in Africa or Cause for Concern?
₿trust, a non-profit backed by Twitter co-founder Jack Dorsey, recently acquired Qala, a body aiming to enhance Bitcoin and Lightning engineers’ skills in Africa. The integration aligns with ₿Trust’s mission to stimulate Bitcoin open-source developers’ learning globally, particularly in the Global South, potentially changing the region’s involvement in Bitcoin development.
Navigating Cryptos: Dissecting Asset Handling Strategies from Hodling to Active Trading
“In the uncertain cryptocurrency landscape, experts suggest understanding basics before making bold decisions about investing or trading. Some suggest self-custody for asset control, while others trust institutions like Coinbase. Diversification, focusing on long-term over short-term fluctuations, and safety tools like stop losses are also recommended. Holding on to large-cap cryptocurrencies and using hardware wallets for secure long-term storage are considered safest.”
Crypto-friendly Libertarian Candidate’s Surprise Victory in Argentina: A Shift or a Risk?
“Libertarian candidate Javier Milei, known for endorsing Bitcoin and advocating for abolition of central banks, surprisingly won the preliminary presidential election in Argentina with 30.5% of votes. His success may affect Argentina’s crypto adoption and policy-making considering prevalent economic issues like the high inflation rate.”
End of Non-Securities Crypto Trading: Legal Implications & Future Adaptions
The era of trading cryptocurrencies as non-securities may be ending, says Itai Avneri, COO at INX. With legal implications affecting exchanges, a focus on categorizing cryptocurrencies within the financial landscape is crucial for compliance with regulatory guidelines and balancing innovation with financial security.
SEC Lawsuits Against Binance & Coinbase: Impact on Crypto Regulation and Future Markets
The U.S. SEC filed lawsuits against Binance and Coinbase, which may define cryptocurrency regulation in the U.S. Both companies argue against regulation by enforcement, with the key issue being whether listed cryptocurrencies are securities. The cases demonstrate the ongoing struggle between crypto exchanges and regulatory authorities, emphasizing the need for clear guidance.
Regulatory Turmoil: SEC’s Coinbase Decision, Circle’s Singapore License & Delayed Philippine Framework
The US Court of Appeals for the Third Circuit recently ordered the SEC to clarify its position on a rulemaking petition from Coinbase, while Circle Singapore secured its MPI license for digital payment token services. The Philippines’ SEC delayed the issuance of a digital assets framework, and Ark Investment Management purchased $21.6 million in Coinbase shares after the SEC lawsuit caused prices to drop.
US Inflation Surge: Brace for Fed Hike and Its Impact on Crypto Markets
U.S. inflation and consumer spending surge, leading to increased expectations of a Federal Reserve Hike. The Personal Consumption Expenditures (PCE) Price Index rose to 4.4% in April 2023, with interest rates futures anticipating a 25 bps rate hike in June.
Canton Network: Uniting Financial Markets, Privacy, and Blockchain Future
Canton Network, a privacy-centric blockchain project by Microsoft, Goldman Sachs, and other finance giants aims to offer an interoperable system for financial institutions. Starting tests in July, it targets synchronization of isolated financial markets, streamlining global trading and enhancing data privacy.