News list for " asset industry"
A vote by U.S. senators to renominate SEC Commissioner Caroline Crenshaw for re-election is currently pending due to the digital asset industry's opposition to her anti-cryptocurrency stance. A person familiar with Crenshaw's nomination process said the outcome of the vote was "to be determined". The vote was originally scheduled for Wednesday as part of a hearing before the U.S. Senate Banking Committee. According to a statement released late Wednesday, the committee chair, Sen. Sher, D-Ohio...
On November 22nd, according to multiple digital asset industry executives, Ripple, Kraken, and Circle, among other crypto companies, are vying for seats on the cryptocurrency advisory council promised by President-elect Trump, seeking to have a say in his planned U.S. policy reforms. A source said that venture capital giant Andreessen Horowitz's crypto division, a16z, is expected to get a seat, and an a16z spokesperson declined to comment on the matter.
According to blockchain security firm Immunefi, the digital asset industry recorded its lowest monthly losses of the year in August, with losses from hacking and fraud amounting to just $15.10 million. This development shows a significant 38% drop in losses compared to August 2023, when losses were around $24.60 million, and a staggering 94.5% drop compared to July 2024. The report said the hacks all occurred in the DeFi space, but most of the losses stemmed from a high-profile incident, the Ron...
A research report by Canaccord states that the crypto-asset industry has recovered from the consolidation phase following the collapse of the FTX exchange and returned to growth mode in the past year. The report mentions that the launch of Bitcoin and Ethereum spot ETFs in the US this year has been a positive driver for the crypto market, driving wider adoption of digital assets by institutions. Canaccord expects that the allocation of cryptocurrencies in institutional portfolios will continue t...
Democratic Congressman Ro Khanna has been reaching out to top figures in the digital asset industry, as well as Democratic lawmakers and White House officials, to invite them to an exclusive Bitcoin roundtable in the nation's capital next week. The meeting, scheduled for Wednesday, July 17, is expected to be attended by more than 20 people, including at least one White House representative and billionaire entrepreneur Mark Cuban, a cryptocurrency investor and advocate. Previously, the meeting wi...
After the U.S. House of Representatives passed FIT21, former U.S. House Speaker Nancy Pelosi said that the Republican-led bill, which aims to establish legal rules for the broader digital asset industry, is the first step towards responsible innovation and must be improved. The bill would give the Commodity Futures Trading Commission more power and money to regulate crypto assets under the "digital goods" category. Gensler, chairperson of the Securities Exchange Commission, publicly criticized t...
It is reported that the "virtual currency to ETF" mechanism in Hong Kong has aroused money laundering concerns. The industry says that KYT (Know Your Token) and other reviews are very difficult. People with mainland backgrounds are trying small-amount "virtual currency to ETF" transactions, taking this opportunity to "whitewash" their holdings of ether and bitcoin through head accounts and other forms, and have deployed some virtual coins to virtual currency exchanges in Hong Kong.
According to Chainanalysis, a blockchain (distributed ledger) analysis company in the United States, Japan ranked 18th in 2023, a significant leap from 82nd two years ago, in a survey of countries' adaptability to encrypted assets. Michael Gronagar, CEO of the company, pointed out that the gaming industry will be the key to further development of Japan's encrypted asset industry.
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