Speculations surround the US Federal Reserve’s possible pause of interest rate hikes in June 2023, with a 73% likelihood. While many view it as a market stabilizer, some experts argue the strong economy may warrant resumed rate hikes. Investors prepare for the crypto market’s reaction to upcoming Federal Reserve decisions.
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European Crypto Collaboration: Enhancing Institutional Trading, Custody and Challenges
A strategic collaboration between LMAX Digital, Zodia Custody, and CoinShares aims to enhance institutional-grade trading and custody offerings for digital assets. The partnership will leverage LMAX’s trading capabilities and Zodia’s Interchange product to provide institutions with trading infrastructure, security, and governance in the digital asset industry.
Zodia Custody Joins Tech Zero Taskforce: A Leap Towards a Greener Crypto Industry
Zodia Custody, a London-based crypto storage platform, has joined Tech Zero, a task force aiming for net-zero carbon emissions by 2030. As a member, Zodia will report its emissions annually and implement a carbon offsetting strategy, promoting a climate-conscious digital asset industry.
Bullish Bitcoin Bounces Back: 4 Months of Gains Defy Banking Crisis and Crypto-Friendly Closures
Bitcoin has enjoyed its fourth consecutive month of gains, with its performance in April defying […]
Belgian Crypto Marker Keyrock Wins Approval from Swiss Regulator: A Leap or a Slip in Crypto’s Decentralized Vision?
“Belgian-based crypto market maker Keyrock achieved regulatory clearance from the Swiss Financial Services Standards Association after a thorough inspection confirmed compliance with antimoney laundering requirements. This endorsement, alongside expansion plans and a secured $72 million in funding, indicates Keyrock’s commitment to transparency, regulatory compliance, and the evolution of the crypto landscape.”
South Korean Crypto Scandal: A Tale of Ethics, Regulations and Unknown Territories
“South Korean lawmaker, Kim Nam-kuk, retains his seat despite being involved in a $4.5 million crypto scandal. The event raises questions about ethics and integrity in the crypto industry against South Korea’s attempts to form a transparent and accountable crypto trading environment.”
Institutional Crypto Exchange EDX Partners with Anchorage Digital: A New Trend or Threat to Coinbase?
“Institutional crypto exchange, EDX Markets, announces its partnership with Anchorage Digital, a renowned regulated crypto platform. EDX will leverage Anchorage’s financial services and infrastructure solutions for its upcoming venture EDX Clearing, aiming to integrate traditional finance structures into the digital asset landscape.”
Bridging Crypto and Traditional Finance: EDX Markets Teams Up with Anchorage Digital
EDX Markets, a major institutional crypto exchange, is partnering with regulated platform Anchorage Digital. The goal of this collaboration is to bridge traditional finance and the digital asset landscape with the launch of EDX Clearinghouse. This initiative aims to enhance security, governance, risk, and compliance solutions in cryptocurrency.
Crypto Market Maturation: Adapting to Regulations and Catering to Institutional Investors
The cryptocurrency market is evolving towards maturity and adapting to regulatory mandates, with traditional finance standards becoming the norm to accommodate institutional investor demand. Lincoln Bartlett, Head of Trading at Anchorage Digital, notes that safer environments, increased regulatory scrutiny, and advanced trading platforms are essential for crypto’s broader adoption.
Custodia’s Battle with Federal Reserve: A Turning Point for Crypto Banks?
Crypto bank Custodia’s lawsuit against the Federal Reserve for allegedly delaying its master account application gains momentum following a Wyoming Judge’s refusal to dismiss the case. The outcome could significantly impact the future of crypto banks and traditional financial institutions, highlighting the importance of balancing innovation and regulatory oversight.
Overstepping Boundaries? SEC’s RIA Rule Impact on Crypto, Banks, and Non-Traditional Assets
The U.S. House Financial Services Committee and crypto community criticize the SEC’s proposed advisory clients custody rule, arguing it oversteps authority and affects the banking and digital asset industries negatively. The rule could impose burdensome regulations on banks and hinder digital assets’ growth and innovation, necessitating a reconsideration of the proposal.