CryptoClan (ENG)

2022-02-21 10:12:01 SEC Has Received over 200 Letters On Grayscale's Bitcoin ETF

Key Takeaways The SEC has been inundated with comments from the public in regard to Grayscale's plans for a Bitcoin spot ETF. The regulator has received 198 letters on the topic since October, 184 of which arrived this month alone.

Investors Enter Dialogue with SEC. The SEC has received 198 letters on the topic of Grayscale's spot ETF since October 2021. Grayscale CEO Michael Sonnenshein told Bloomberg that "a lot of the letters have been echoing what we at Grayscale have been articulating for quite some time and continue to do so today-that investors have been patient and deserve a spot Bitcoin ETF.". Open / Comment

2022-02-20 21:11:01 EU Is Open to Cryptocurrency But With Regulation, Top Official Says

The European Union is open to cryptocurrencies including Bitcoin or a digital euro but regulations must first be strengthened to prevent fraud, EU Commissioner for Home Affairs Ylva Johansson said at the Munich Security Conference Friday. Open / Comment

2022-02-20 18:11:01 Binance Becomes First Crypto Organization to Join the Association of Banks of Russia

Crypto exchange Binance has joined the Association of Banks of Russia in order to engage in a dialogue with federal authorities, legislators, experts in the field of digital financial assets and digital currencies, the cryptocurrency company said in a press release.

The Presidium of the Council of the Association of Banks of Russia has approved Binance's entry and decided to create an Expert Center for Digital Financial Assets and Digital Currencies. Open / Comment

2022-02-20 16:31:01 UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards

The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region. Open / Comment

2022-02-20 13:31:02 Switzerland's Crypto Valley:

- 1,128 companies
- 6,002 employees
- 10 Unicorns (+$1B)
- 2 Decacorns (+$10B)
- 1 Hectocorn (+$100B)
- Combined value of $611.8B Open / Comment

2022-02-20 11:15:20 Pakistan Central Bank Governor on Cryptocurrency: 'The Potential Risks Far Outweigh the Benefits'

The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies "Far outweigh the benefits." The governor suggested that if solutions that address these potential risks emerge, the central bank "Is open to looking at them."

The governor of the State Bank of Pakistan, Reza Baqir, recently said his institution had concluded that the potential risks that are associated with cryptocurrencies "Far outweigh the benefits." According to Baqir, Pakistan, just like other jurisdictions that have banned or restricted the use of cryptocurrencies. Open / Comment

2022-02-20 10:49:29 Super Bowl ads boosted crypto app downloads by 279%, led by Coinbase. Open / Comment

2022-02-19 18:09:01 Kraken CEO Jesse Powell Still Bullish on Bitcoin, Says Use Cases for BTC Are Getting Stronger Everyday

Kraken cryptocurrency exchange CEO Jesse Powell says the prevailing global political and economic climate is demonstrating the importance of Bitcoin (BTC). Powell says in a Bloomberg interview that he is bullish on Bitcoin despite the flagship cryptocurrency failing to hit $100,000 in 2021.

“I’m still bullish on the price you know. A lot of us thought that we were going to get over $100,000 last year, but you know you can’t predict these things.”According to Powell, the prevailing geopolitical environment is presenting use case opportunities for Bitcoin as a store of and a tool for transferring value. Open / Comment

2022-02-19 15:08:01 Interchain Accounts is the biggest upgrade to Cosmos since Stargate

The Inter-Blockchain Communications protocol (IBC) enables an entire blockchain to control an account on a separate chain. It is the largest software upgrade to the Cosmos ecosystem since Stargate. To date, there are 38 projects utilizing IBC, including Terra, Crypto.org Chain and Gravity Bridge, with 8.4 million transactions in the past 38 days.

With Interchain Accounts, one blockchain can access the application features of another blockchain, such as staking, voting, swapping tokens, etc. “Enabling composability in IBC allows innovation in distinct applications to be deployed without needing to upgrade the entire Interchain. Open / Comment

2022-02-19 12:09:01 Fed to ban senior officials from trading crypto among others, after a trading scandal

Most of the restrictions will take effect on May 1, 2022, although the new rules on the advance notice and pre-clearance of transactions will take effect on July 1. Open / Comment