Author: e_cash_top

[ad_1] Silvergate Bank Company in North America Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, based in La Jolla, California. More about Silvergate Info Twitter LinkedIn [ad_2] Source link

[ad_1] The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets. The SEC on Jan. 17 released three sets of requirements aimed at providing regulatory guidelines for digital asset providers/exchanges to establish an efficient digital wallet management system.…

[ad_1] Ethereum (ETH) Layer 2 (L2) networks spent a record-breaking 32 billion gas — a year-on-year increase of 22.8% — to validate transactions and activate bridges between Jan. 9 and Jan. 15, according to Dune Analytics data. Source: Dune Analytics Optimism (OP) contributed around 50% of the gas spent — with a seven-day moving average…

[ad_1] Binance burned 2.06 million of its BNB token — worth over $600 million — during the early hours of Jan. 17, according to a company statement. Binace said that the event was its 22nd BNB burn and the first quarterly burn of 2023. The firm added that 2.05 million tokens were burnt through its…

[ad_1] Futures open interest is the total amount of funds (USD Value) allocated in open futures contracts. At the time of writing, futures open interest is around 415k BTC, equivalent to $8.5bn. However, the instrument that is being used that is either margined in USD or USD-pegged stablecoins or crypto margin ie BTC. Crypto vs…

[ad_1] 2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%, which previously beat 2020 that saw over 10% of Bitcoin leaving exchanges. Currently 2.26m Bitcoin sit on exchanges which leaves around 11-12% of the Bitcoin supply on exchanges. Many events triggered the exodus such as Luna and FTX collapse. “Not your keys,…

[ad_1] The European Council’s Eurogroup said on Jan. 16 that any eventual digital euro cannot be programmable and must be automatically convertible to traditional assets. Digital euro must not be programmable The Eurogroup said that the digital euro “cannot be a programmable money.” Though the digital euro must be automatically convertible to the traditional euro…

[ad_1] Japanese regulators are calling for other countries to regulate cryptocurrency like banks, according to a report from Bloomberg on Jan. 16. Mamoru Yanase, Deputy Director General for the strategy bureau at Japan’s Financial Services Agency (FSA), spoke to the news company. He said: “Crypto has become this big…If you like to implement effective regulation,…

[ad_1] Investment advisory firm Monex Group expressed interest in buying FTX Japan, the Japanese subsidiary of bankrupt exchange FTX, Bloomberg News reported on Jan. 16. Monex CEO Oki Matsumoto told Bloomberg that less competition within the local market would invest a “very good thing” for the firm. Matsumoto said, “Generally speaking, we naturally are interested.”…

[ad_1] CoinFLEX could indirectly compensate its creditors with equity value resulting from the launch of the newly-unveiled GTX exchange, according to a Jan. 16 statement. The company made several statements suggesting that CoinFLEX creditors, who are currently prevented from fully withdrawing funds, could benefit from GTX. That value would come from equity. In September, CoinFLEX’s…