UK FCA Initiates Path for Institutional Investors with Crypto-Backed ETN Market
The UK's FCA indicated that it would not oppose requests from RIEs to create a listed market segment for ETNs backed by cryptocurrency assets.
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CoinCodeCap WeekInFocus: March 10, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
US Senator Cynthia Lummis Proposes Legislation to Regulate Stablecoins
US Senator Cynthia Lummis is drafting legislation on stablecoins, a kind of cryptocurrency whose value is based on real-world assets to maintain price stability.
US Appeals Do Kwon’s Extradition to South Korea
The recent verdict by the Montenegrin high court, which ordered the extradition of Do Kwon from Terraform Labs to South Korea, will be challenged by US authorities.
New York Attorney General’s Lawsuit Against DCG Dismissed
The NYAG has filed motions to dismiss the $3B fraud lawsuit against DCG and its CEO. They contend that the accusations made against them are "baseless innuendo."
Bitcoin Mining Giant Hut 8 Shutters Operations Amid Escalating Energy Expenses
The Canadian bitcoin miner Hut 8 is leaving its Drumheller, Alberta, location owing to power outages and rising energy expenses.
Terra Founder Do Kwon Triumphs in Appeal Against US Extradition
The ongoing story of Do Kwon is that a Montenegrin court has once again overturned an earlier ruling that called for the executive's extradition to the US.
Deutsche Börse Unveils Spot Cryptocurrency Trading Platform
Targeting institutional investors, the German securities market Deutsche Börse has formally introduced its own cryptocurrency trading platform.
Binance to Halt Nigerian Naira Transactions by March 8
With the announcement of the complete termination of all services in the local fiat currency, the Nigerian naira, Binance is leaving the Nigerian market.
Taiwan’s Upcoming Digital Currency Laws Expected in September: Report
The FSC has revealed that in September 2024, a new draft of digital asset legislation for Taiwan will be proposed.