Norwegian gov’t agency opens metaverse office in collaboration with EY

The Brønnøysund Register Center, a Norwegian governmental agency, partnered with Big Four accounting firm Ernst & Young (EY) to step into the metaverse with a new virtual office location.  The center is responsible for managing numerous public registers for Norway, along with systems for the government’s digital exchange of information. According to the announcement, the …

How to Acquire a Cryptocurrency License in Lithuania

Registering a company and obtaining a crypto license in Lithuania can be rather complex and not every business is qualified. How to Register and Manage a Local Legal Entity The process of registering a company, obtaining a Lithuania crypto license, and successfully running a profitable business can be rather complex and not every business is …

MAS Invites Feedback On Crypto Leverage Ban And Stablecoin Policy In Singapore

Summary: The Monetary Authority of Singapore (MAS) published two consultation papers with proposed cryptocurrency regulations geared toward mitigating trading risks and providing efficient oversight for locally issued stablecoins. Singapore’s central bank wants the public to provide feedback on the measures up until December 21, 2022. Wednesday’s announcement comes as the latest effort from authorities to …

The Reason Behind Ethereum Massive Rally In Price In the Last 24 Hours

Ether’s price has spiked by about 15% in 24 hours, with the crypto now hovering at around $1,532. Ether had been under $1,500 for over a month. CFTC Chairman Rostin Behnam recently said that he didn’t think Ether was a security. This could have contributed to the price bump. Ether bulls also appear to be …

Next Bitcoin rally to start in Q2 2023 — Mark Yusko explains why

The anticipation of the next Bitcoin (BTC) halving will be the main catalyst that sparks a new crypto rally as soon as the second quarter of 2023, according to hedge fund manager Mark Yusko. The halving mechanism, which reduces Bitcoin’s block rewards by half every four years, has historically been a major catalyst for crypto …

Crypto Whales Are Rapidly Accumulating Two Ethereum-Based Altcoins, According to Analytics Firm Santiment

A leading analytics firm says that deep-pocketed crypto investors are rapidly loading up on two tokens issued on the Ethereum (ETH) blockchain. Santiment says that crypto whales are gobbling up Kyber Network (KNC), a blockchain-based exchange that aims to aggregate liquidity and facilitate instant swaps between ERC-20 tokens, all without the involvement of any middlemen. …

The UK has a new name for stablecoins and a new bill to regulate crypto

The United Kingdom moved forward on the Financial Services and Markets Bill on Oct. 25, hardening its vision for Bitcoin (BTC) cryptocurrency and “digital settlement assets” in the country. The Bill, proposed on Oct. 18, suggested would propose “A range of measures to maintain and enhance the U.K.’s position as a global leader in financial …

Singapore MAS proposes to ban cryptocurrency credits

The Monetary Authority of Singapore (MAS) is introducing proposals to better regulate the cryptocurrency industry in the aftermath of the bankruptcy of the Singaporean crypto hedge fund Three Arrows Capital (3AC). The central bank of Singapore has issued two consultation papers on proposals for regulating the operations of digital payment token service providers (DPTSP)​​ and …

Bitcoin liquidates over $1 billion as BTC price hits 6-week highs

Bitcoin (BTC) saw its highest levels since mid-September on Oct. 26 as BTC/USD approached the pivotal $21,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bears lose big as Bitcoin climbs Data from Cointelegraph Markets Pro and TradingView showed the pair tackling $20,700 at the time of writing, up over 7% in 24 hours. What …

Is MATIC price about to double? Polygon’s Reddit hype pushes exchange balance to 9-month lows

A sharp rebound in the Polygon (MATIC) market in the last four months has increased its price by 200% when measured from its June 2022 bottom of $0.31. And now, the token is showing signs of undergoing another major market rally. MATIC exchange balance hits nine-month low Notably, the MATIC supply held by all crypto …

XPLUS Announces DEX Listing & Public Beta Launch of First SocialFi App 

XPLUS, the first SocialFi gateway empowers users to earn $XPT tokens by monetizing social activities and building communities.  With its public beta launch, the XPLUS functionality will open to the public with no additional requirements.  By connecting through Telegram, XPLUS beta users enter the metaverse where they earn $XPT through all social media activities like …

Is China about to catalyze the crypto bull market through Hong Kong?

Former BitMEX CEO Arthur Hayes posted an extensive Medium article titled “Comeback.” It went into depth on the complicated relationship between China and Hong Kong and how he is hopeful that the latter can restore its crypto hub standing. If so, what might this mean for the broader crypto market? China’s anti-crypto stance China’s crypto …

Crypto bank SEBA to offer storage for blue-chip NFTs

SEBA said the custody solution will help clients protect their valuable NFTs without the hassle of managing the private keys. 1 min read Updated: October 26, 2022 at 10:56 am Cover art/illustration via CryptoSlate Switzerland-based bank SEBA has extended its crypto custody solution to cover storage for blue-chip NFTs. SEBA announced on Oct. 26 that …

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