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UK FCA grants registration to crypto startup Crypterium
British cryptocurrency services provider Crypterium is the latest crypto firm to secure registration from the United Kingdom’s Financial Conduct Authority (FCA). Crypterium officially announced on Oct. 25 that it has recently been registered by the FCA to provide cryptocurrency services to local citizens and companies, becoming one of few companies to have passed the registration process. According to data on the FCA’s official website, Crypterium has been registered to operate “certain crypto asset activities” in compliance with the country’s Anti-Money Laundering (AML) regulations since Oct. 11. The registration officially authorized Crypterium to continue providing its crypto wallet services, including crypto trading and payment services, to “practically everybody” in the United Ki...
Dubai regulator announces new regulations for investment tokens
The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players’ demands and requirements. The DFSA is an independent regulatory body in Dubai that is in charge of monitoring and regulating financial services companies wanting to operate there. It also licenses and regulates their products and services. According to a report by Emirates news agency WAM, the DFSA’s regulatory framework defines investment tokens as either “a Security Token or Derivative Token.” The report notes that the creation of a new regulatory structure is the first step in DFSA’s Digital Assets Regime, which reflects the sugges...
South Korean pension fund to invest in Bitcoin ETF: Report
South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF). KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily reported Monday. According to the report, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management firm Mirae Asset Global Investments. The company launched two ETFs tracking the value of Bitcoin futures via its Canadian subsidiary Horizons ETFs in April 2021. “As there are some well-made cryptocurrency-linked ETF products by asset managers such as Korea’s Mirae A...
Elton John and Duran Duran Battle For U.K. Albums Chart Crown
Close behind is Duran Duran, whose 15th studio album Future Past (BMG) opens at No. 2. With Future Past, the alternative rock veterans could nab their highest-charting record in 38 years, since 1983’s Seven And The Ragged Tiger led the chart. Duran Duran’s most recent album, 2015’s Paper Gods, debuted and peaked at No. 5 in the U.K. Meanwhile, Lana Del Rey’s Blue Banisters (Polydor) starts at No. 3 on the chart blast. It’s the U.S. alt-pop artist’s eighth record and second release of 2021. Scottish rock favorites Biffy Clyro start at No. 4 on the midweek chart with The Myth Of The Happily Ever After (Warner Records). As the chart race enters its second stage, it’s all to play for. According to the Official Charts Company, just 4,500 chart sales currently separate the all-new Top 4. C...
Adele Sets Homecoming 2022 Concerts
Adele’s comeback track “Easy On Me” blasted to No. 1 on the Official U.K. Chart last Friday, setting records along the way. The song is roaring up the charts around the planet, as it starts at No. 1 on the Billboard Hot 100 and Global Charts, Australia’s national survey and elsewhere. “Easy On Me” is the first track lifted from Adele’s 30, her forthcoming fourth album due out Nov. 19. It’s the followup to 2015’s 25, an album so popular, Adele was crowned IFPI Global Recording Artist of the Year for the year, an award which recognizes the top artist across physical sales, downloads and streaming. Her global tour in support of that album was pure box office dynamite. When it wrapped, Adele stepped away from the public glare for five-long years, until “Easy On Me” dropped in full earlier this...
Litecoin price analysis: LTC targets the $200 resistance point
The cryptocurrency market has performed well over the past few hours, with the prices of most coins up by more than 1%. The broader cryptocurrency market recorded gains over the past few hours, with BTC and others all rallying. BTC didn’t perform excellently as it is only up by 0.76% in the last 24 hours. Bitcoin continues to struggle below the $62k level. Ether had found it hard to break past the $4,300 psychological level. ETH surged by 1.84% in the last 24 hours and is trading around $4,200 per coin when writing the report. Binance Coin (BNB), Cardano (ADA), Solana (SOL), Polkadot (DOT), XRP and Dogecoin (DOGE) are all trading in the green zone at the moment. Litecoin isn’t left behind despite losing its market position to other cryptocurrencies in recent months. LTC is up by 0.94...
Bakkt partners with Mastercard to roll out cryptocurrency tools
Payment companies are increasing their presence within the cryptocurrency space as the industry continues to grow. Crypto trading platform Bakkt has partnered with card giant Mastercard to broaden the cryptocurrency services they offer to their partners. The partnership will see the duo roll out a series of cryptocurrency tools aimed at financial institutions. According to The Wall Street Journal report yesterday, the initiative is to offer quick access to cryptocurrency features. The companies said the partnership is designed to make it easier for banks, fintech firms and other merchants to offer and accept cryptocurrency payment. Banks and other financial institutions that issue Mastercard cards can also issue cryptocurrency debit or credit cards, allowing people to make payments and ear...
Facebook Plans to Spend $10 Billion USD on Developing Tech For Its Metaverse Expansion
Facebook on Monday disclosed plans to spend about $10 billion USD investing in its branch that is working to develop the metaverse. In its third-quarter earnings report, Facebook said that it would be separating the financial results of the Facebook Reality Labs (FRL) — its virtual and augmented reality research and development arm — starting in Q4. Under the new structure, Facebook will release the revenue and operating profit of its apps, including Facebook, Instagram, Messenger and WhatsApp, in one report and updates on FRL in a second report. “We are dedicating significant resources toward our augmented and virtual reality products and services, which are an important part of our work to develop the next generation of online social experiences,” Facebook said. “The new segment disclosu...
3 reasons why Harmony (ONE) rallied to a new all-time high
Ecosystem development funds have become one of the latest market-moving trends in the crypto sector and protocols with large treasuries have discovered that reward and incentive programs are one of the best ways to attract new users and protocols to a project. One protocol that has recently seen its token price rally following the release of an ecosystem development grant is Harmony (ONE), a blockchain protocol focused on improving scalability between networks. The project uses cross-sharded contracts and a cross-chain infrastructure between multiple blockchains including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT) and the Binance Smart Chain (BSC). Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low near $0.095 on Aug. 30, the price of ONE has ...
Telsa hints it may soon resume support for crypto payments
Tesla, the majo electric vehicle manufacturer headed by Dogecoin proselytizer Elon Musk, has hinted that it may soon look to restore support for crypto payments. In a September quarterly filing with the U.S. Securities and Exchanges Commission (SEC), the firm stated it “may in the future restart the practice of transacting in cryptocurrencies,” suggesting Tesla is eying resuming support purchases made using digital assets. The company also expressed its long-term belief in crypto assets as a store of value and means of payment, stating: “We believe in the long term potential of digital assets both as an investment and also as a liquid alternative to cash.” Tesla previously accepted Bitcoin as payment for electric vehicle purchases between January and March of this year. The move came...
SEC expected to head U.S. stablecoin regulation and enforcement
U.S. regulatory bodies have reportedly agreed that the Securities and Exchange Commission (SEC) will lead the United States’ efforts to regulate the stablecoin sector. According to an Oct. 26 Bloomberg report citing anonymous sources “familiar with the matter,” the SEC has reached an agreement with other U.S. agencies to take the reins on proposing legislation and overseeing the stablecoin industry. The sources add that the SEC’s newfound “significant authority” over the sector will be formally announced in the Treasury Department’s forthcoming stablecoin report that is scheduled to be published this week. The report will also clarify the regulatory jurisdiction of the Commodity Futures Trading Commission (CFTC) and Treasury Department with regard to stable tokens. The Treasury’s report wa...
Bakkt shares skyrocket after partnering with Mastercard and Fiserv
The share price of the Intercontinental Exchange-backed crypto services company Bakkt ($BKKT) has surged as it unveiled two partnerships with major global payments firms. On Monday 25 Oct., Mastercard announced it would be working with digital asset platform Bakkt to allow its customers based in the United States to buy, sell and hold digital assets through custodial wallets. On the same day, global payment provider Fiserv also announced a strategic collaboration with Bakkt to offer merchant-facing digital asset services. The news drove a bullish day of trading for BKKT, with the stock rallying by more than 50% outside of regular trading hours from Friday Oct. 22’s closing price of $9.15, before surging a further 120% to close out Monday Oct. 25 at $30.60. While Bakkt’s debut on the New Yo...
