Category: Latest news

[ad_1] The Asian crypto hub Singapore and neighboring Thailand have released new directives over the handling of digital assets in two announcements on July 3. Singapore’s six new requirements for crypto businesses The Monetary Authority of Singapore (MAS) issued six new requirements for crypto firms to protect crypto investors. In addition to the new rules,…

[ad_1] Cross-chain protocol Poly Network said its services would remain temporarily suspended after a hacker exploited 57 crypto assets on ten blockchains, including Ethereum (ETH), BNB Chain, Polygon (MATIC), Avalanche (AVAX), Metis, Optimism (OP) and others on July 2. Community debate extent of the Poly Network attack DeFi security expert Arhat stated that a smart…

[ad_1] While experiencing strong growth in its crypto industry, Portuguese natives display a relatively cautious approach to digital assets compared to the global average, according to The Portugal News, a local Portuguese media outlet. It is estimated that 268,000 individuals in Portugal are actively investing in digital currencies, making up about 2.6% of the country’s…

[ad_1] Quick Take This past Saturday, July 1, marked the year’s second-largest decline of Bitcoin from exchanges. Approximately 20,000 Bitcoin were withdrawn from exchange platforms, a substantial movement highlighting the intense activity within the crypto market. This substantial withdrawal was categorized as a ‘whale withdrawal,’ denoted by the orange color on the chart below to…

[ad_1] The U.S. Securities and Exchange Commission (SEC) reportedly denied rumors that chairman Gary Gensler resigned from his position, according to a July 3 tweet shared by Fox Business journalist Eleanor Terrett. The report was further corroborated by Fox senior correspondent Charles Gasparino, who also contacted the Commission. CryptoSlate has contacted the SEC for further…

[ad_1] The U.S. banking market recently underwent its annual stress test conducted by the Federal Reserve. This exercise, designed to evaluate the resilience of banks in the face of economic downturns, revealed a mixed bag of results that could have far-reaching implications for the cryptocurrency market, particularly Bitcoin. A stress test is a simulation used…

[ad_1] The following is a guest post from Hamilton Keats, CEO and co-founder of Krayon Digital. In an attempt to demonstrate that there’s a path forward for crypto firms within the existing regulatory framework, the SEC extended an invitation to Prometheum to the House Financial Services Committee hearing on digital assets. This firm, relatively unknown…

[ad_1] Quick Take During the weekend trading session, Bitcoin traded steadily above $30.5k, with 24-hour liquidations almost split between longs ($32.7M liquidated) and shorts ($34.2M liquidated). Last week, Bitcoin temporarily broke below $30k as WSJ reported the SEC would block spot Bitcoin ETFs again. The applications, put forward by exchanges on behalf of entities such…

[ad_1] The growing market for non-fungible tokens has wrought confusion about their relationship to copyright law. Some of this is due to inexperience and misunderstandings among people minting NFTs, but much also has to do with the limitations of current copyright law and existing licenses. One possible solution would be the creation of a special…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…