The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange. BSTX was launched jointly by BOX and Overstock’s blockchain arm tZERO, originally seeking approval for launching publicly-traded registered … [Read more...] about SEC approves BSTX for blockchain settlements on traditional markets
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EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report
Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA).Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times."The solution is to ban proof-of-work," he said. … [Read more...] about EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report
What the Highest Inflation in 4 Decades Means for Markets
Markets have been nervous since last week’s FOMC meeting minutes revealed the Fed was considering early “balance sheet normalization” or quantitative tightening. At yesterday’s confirmation hearings, Fed Chair Jerome Powell tried to soften the Fed’s stance on QT, saying nothing had been decided. Today, December inflation numbers came in at a 39-year high of 7%. Find out why … [Read more...] about What the Highest Inflation in 4 Decades Means for Markets
The Macro Battle That Will Shape Crypto Markets This Year
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeLast week, the December FOMC meeting minutes revealed that not only was the Fed expecting at least 3 rate hikes in 2022, they were actively considering “balance sheet normalization” (read: quantitative tightening). In today’s episode, NLW looks at how the markets are internalizing this new information, and … [Read more...] about The Macro Battle That Will Shape Crypto Markets This Year
Avalanche, Polygon See Slight Gains as Crypto Markets Remain Flat
Major cryptocurrencies held support levels after last week’s drop to post slight gains on Monday morning after a largely flat weekend.Bitcoin (BTC) held on to its $41,000 support level after last week’s sell-off, which was led by the release of the minutes of the U.S. Federal Reserve’s December 2021 meeting. The minutes of the meeting suggested that the Fed will end its record … [Read more...] about Avalanche, Polygon See Slight Gains as Crypto Markets Remain Flat