Industry Talk Archives - Cryptominded

Industry Talk

TrueCoin & TrustToken SEC Settlement: Implications and Overview

The United States Securities and Exchange Commission (SEC), TrueCoin, and TrustToken have reached a settlement on claims of fraudulent and unregistered sales of investment contracts connected to the TrueUSD stablecoin. This is a significant regulatory step. This action demonstrates the SEC’s continued dedication to upholding stringent regulations in the quickly developing cryptocurrency sector, emphasising the […]

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Postponement of Crypto Taxation in South Korea

The South Korean government has once again postponed the implementation of cryptocurrency taxation, pushing the commencement date to January 2028. This decision underscores persistent concerns about market stability and investor dissatisfaction as authorities develop a tax structure that balances legal requirements and the vitality of the cryptocurrency sector. The postponement is a response to market […]

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Robinhood’s SEC Challenge Over Crypto Trading

The US Securities and Exchange Commission (SEC) recently issued a procedural “Wells notice” to Robinhood Markets, indicating that the company may face enforcement action for its cryptocurrency trading activity. This notification, sent on May 4, does not imply any misconduct by Robinhood but indicates the SEC’s willingness to pursue legal action potentially. This incident adds […]

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Potential Expansion of Hong Kong’s Bitcoin ETFs

Recent remarks by Richard Byworth, Managing Partner at SyzCapital, have ignited social media discussions concerning the prospective accessibility of Bitcoin ETFs, now listed in Hong Kong, to mainland Chinese investors. Byworth’s tweet alluded to discussions on including these ETFs in the Stock Connect system, which may significantly expand investment opportunities for mainland Chinese capital into […]

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Tether Achieves Major Security Milestone with SOC 2 Type 1 Audit

The well-known stablecoin issuer Tether has reached a significant milestone in its dedication to security and dependability by successfully completing the System Organisation Control (SOC) 2 Audit Type 1. The American Institute of Certified Public Accountants (AICPA) audit provides evidence of Tether’s robust IT control procedures and commitment to system security. Tether is reaffirming its […]

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Arbitrum DAO’s Withdrawal from Tornado Cash Legal Defense Funding

Leading participant in the decentralised finance (DeFi) space, Arbitrum DAO, has withdrawn its offer to support Roman Storm and Alexey Pertsev, the developers of Tornado Cash, in their legal defence. The original plan called for setting aside about $1.3 million in ARB tokens from the community wallet to pay for the creators of the cryptocurrency […]

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Kraken’s Strategic Move to Institutional Services

Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

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The Mysterious Shutdown of BitForex

Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

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Zimbabwe plans to issue a digital currency backed by gold

The Reserve Bank of Zimbabwe plans to issue a digital currency, that is backed by gold. This move shows Zimbabwe’s commitment to the adoption of crypto and its potential to improve financial access and stability. Here are some key points: The Reserve Bank of Zimbabwe (RBZ) intends to introduce a digital currency backed by gold. […]

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Updated Guide: How to Hedge Against Inflation in 2023

One of the best ways to protect yourself from inflation is to invest in assets that have a better chance of keeping up with or outpacing rising prices. These include stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Stocks are especially important because they tend to increase in value as companies expand their operations and […]

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Recent Report: NASDAQ launches crypto custody services

Nasdaq plans to launch its cryptocurrency custody services by the end of the second quarter of this year. According to a recent report by Bloomberg, the services will be made available to customers on a global basis. The service is expected to provide investors with secure storage and trading of digital assets, as well as […]

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HSBC Prepares To Finally Launch Into The Crypto Market

After a long period of speculation, HSBC has finally taken steps to enter the cryptocurrency space. HSBC plans to launch its tokenization platform and will be able to offer more products and services related to cryptocurrencies. Some few key points: HSBC is actively exploring ways to tokenize assets, encouraging the efficient and secure transfer of […]

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