Day: September 28, 2023

Coinbase Gains Regulatory Nod for Perpetual Futures Trading

Coinbase, the leading US-based cryptocurrency exchange, announced on Thursday that it has secured regulatory approval from the Bermuda Monetary Authority (BMA) to extend its perpetual futures trading services to non-US retail customers. The announcement came via a blog post, revealing that the service will be available to eligible customers on Coinbase Advanced in the coming […]

Genslers Ineptitude Slated by US Congress

U.S. SEC Chair, Gary Gensler, found himself under intense scrutiny during a recent congressional hearing, facing accusations and probing questions regarding his agency’s regulatory stance on various matters, including Bitcoin and Pokemon trading cards. Here are five notable moments from his evasive testimony: I cross-examined @SECGov Chair Gary Gensler about the term 'investment contract', which […]

UK Politicians Embrace Metaverse to Unveil Web3 Vision

  In a groundbreaking move, a cohort of UK politicians, including eight British Lords, embraced the metaverse to share the United Kingdom’s roadmap for blockchain and Web3 industries with global leaders from 51 nations on September 20. The metaverse assembly highlighted the transformative potential of Web3 technology and the challenges it brings. A Paradigm Shift […]

HSBC Embraces Cryptocurrency: Accepts XRP, SHIB, and More for Mortgage Settlement

  In a groundbreaking move, HSBC, one of the world’s leading traditional banks, has embraced blockchain technology, allowing customers to settle mortgage payments using various cryptocurrencies. This integration is facilitated by FCF Pay, a blockchain-centric payment processor, enabling HSBC clients to use Bitcoin ($BTC), Shiba Inu ($SHIB), Dogecoin ($DOGE), Ripple ($XRP), and Binance Coin ($BNB) […]

Revolutionizing the Financial Market in Latin America

  The financial landscape is undergoing a radical transformation, driven by the rise of financial technologies (fintech) and insurance technologies (insurtech). In Latin America, these innovations are democratizing access to financial and insurance services, offering more inclusive, competitive solutions adapted to the needs of the region. Democratization of Financial Services Fintech is allowing millions of […]

España Aprueba Tres Exchanges de Bitcoin en 72 Horas: Un Vistazo a las Implicaciones

  En un lapso de 72 horas, España ha dado luz verde a tres exchanges de bitcoin, evidenciando un paso significativo en la adopción y regulación de criptomonedas en el país. Coinbase, Kraken y Ripio han recibido autorización del Banco de España para operar, ampliando así las opciones para los usuarios de criptomonedas en el […]

Tokenized Pokémon Cards: A Security or Not? SEC Chair Gary Gensler Weighs In

  In a recent meeting with the House Financial Services Committee (HFSC), SEC Chair Gary Gensler found himself in a discussion about whether a tokenized Pokémon card could be classified as a security under United States law. The conversation, initiated by New York Representative Ritchie Torres, delved into the nuances of tokenization and its implications […]

Federal Reserve and the Tokenization Wave: A Glimpse into the Future of Finance

The Federal Reserve, the central banking system of the United States, has recently delved into the intricate world of tokenization, exploring its potential implications and benefits in a comprehensive paper. This exploration is a testament to the growing recognition of blockchain technology and its transformative capabilities in intertwining the realms of digital assets with traditional […]