TL;DR Breakdown The IMF and Financial Stability Board under G20 leadership have released a joint policy paper outlining a coordinated approach to regulate cryptoassets, aiming to mitigate global financial risks. The paper emphasizes the need for comprehensive regulation and suggests targeted, temporary restrictions as more effective than blanket bans, particularly for emerging economies. The roadmap also addresses the risks posed by the proliferation of stablecoins and calls for clear tax treatment and application of existing laws to the crypto sector. Description The International Monetary Fund (IMF) and the G20’s Financial Stability Board (FSB) have released a joint paper outlining a coordinated approach to regulating crypto assets. However, the paper aims to mitigate the risks posed by cryptoassets to global financial stability and will be presented at the upcoming G20 summit in New Delhi. A comprehensive regulatory … Read more The International Monetary Fund (IMF) and the G20’s Financial Stability Board (FSB) have released a joint paper outlining a coordinated approach to regulating crypto assets. However, the paper aims to mitigate the risks posed by cryptoassets to global financial stability and…

TL;DR Breakdown Binance has ceased trading specific privacy coins like Monero (XMR) and MobileCoin (MOB) for its Belgian users in response to local regulations. Earlier in the year, the exchange made similar moves in France, Italy, Poland, and Spain, reflecting the broader European concerns about anonymous crypto transactions. As the European Union intensifies its stance on money laundering linked with anonymous crypto transactions, Binance proactively aligns its operations by delisting privacy coins in several European countries, including Belgium. Description The quest for privacy often clashes with regulatory scrutiny in the rapidly evolving world of cryptocurrency. Binance, the world’s largest cryptocurrency exchange, has again demonstrated its commitment to adhering to regional regulations by delisting certain privacy coins in Belgium. This move closely follows similar actions in other European countries, showcasing the growing tension between enthusiasts … Read more The quest for privacy often clashes with regulatory scrutiny in the rapidly evolving world of cryptocurrency. Binance, the world’s largest cryptocurrency exchange, has again demonstrated its commitment to adhering to regional regulations by delisting certain privacy coins in Belgium. This move closely follows…

TL;DR Breakdown Stringent U.S. regulations have curtailed San Francisco’s global crypto leader potential, leading firms to look elsewhere for growth opportunities. While Ripple Labs won its legal battle with the SEC, Larsen stresses that most U.S. crypto advancements result from legal victories rather than supportive regulation. Description Once on the cusp of becoming a leading global crypto hub, San Francisco has seen its status wane amidst a backdrop of stringent U.S. government policies and intense regulatory oversight. Chris Larsen, the co-founder of Ripple – a prominent crypto payments firm headquartered in San Francisco – voiced his concerns about the city’s diminished prominence … Read more Once on the cusp of becoming a leading global crypto hub, San Francisco has seen its status wane amidst a backdrop of stringent U.S. government policies and intense regulatory oversight. Chris Larsen, the co-founder of Ripple – a prominent crypto payments firm headquartered in San Francisco – voiced his concerns about the city’s diminished prominence in the rapidly growing world of cryptocurrencies and blockchain technology. In a report released on September 6, Larsen painted a…

TL;DR Breakdown Anoma Foundation’s Namada introduces “shielded swaps,” allowing private interactions with assets across diverse chains, initially partnering with Osmosis in the Cosmos ecosystem. The protocol employs the Comet BFT consensus mechanism, is compatible with all Cosmos-based chains, and provides a seamless two-way bridge to Ethereum. Description The Anoma Foundation, a visionary nonprofit organization in blockchain infrastructure, has unveiled its newest endeavor, the Namada protocol. This mainnet launch aims to enhance multichain privacy, positioning Namada as a revolutionary tool for users to transact with robust confidentiality. Contents hide 1 Introducing shielded swaps 2 Embracing interoperability and high-end privacy 3 The strategic launch … Read more The Anoma Foundation, a visionary nonprofit organization in blockchain infrastructure, has unveiled its newest endeavor, the Namada protocol. This mainnet launch aims to enhance multichain privacy, positioning Namada as a revolutionary tool for users to transact with robust confidentiality. Contents hide 1 Introducing shielded swaps 2 Embracing interoperability and high-end privacy 3 The strategic launch at Korea Blockchain Week 4 Conclusion Introducing shielded swaps Namada’s debut introduces the groundbreaking concept of “shielded swaps.” Awa Sun…

Description It’s undeniable: the crypto sphere is never dull. This week, we’ve seen assets frozen, bail denials, and regulatory battles. Here’s a deep dive into these game-changers in the cryptocurrency realm. The Celsius Saga Takes a New Twist Remember when the name Alex Mashinsky brought about nothing but reverence in the crypto world? Times change. Mashinsky, … Read more It’s undeniable: the crypto sphere is never dull. This week, we’ve seen assets frozen, bail denials, and regulatory battles. Here’s a deep dive into these game-changers in the cryptocurrency realm. The Celsius Saga Takes a New Twist Remember when the name Alex Mashinsky brought about nothing but reverence in the crypto world? Times change. Mashinsky, once the helm-holder of Celsius, has hit rocky waters with the US judicial system. On September 5th, in an unanticipated move, the courts ruled to freeze several bank accounts linked to Mashinsky. Diving deeper into this, the authorities have also put a hold on his Texan property. It’s a house with a history, having been listed for sale around the same period when Celsius faced financial…

TL;DR Breakdown Vitalik Buterin’s research focuses on enhancing privacy in financial transactions using zk proofs. This popular protocol enabled anonymous transactions. However, it faced legal issues due to misuse by malicious actors. Description We’re diving deep into the enigmatic world of zk proofs. And who better to guide us than the prodigious Vitalik Buterin, whose name has become synonymous with blockchain innovation? His latest paper, riddled with layers of complexity, opens up a Pandora’s box of possibilities for the blockchain realm. Let’s unmask this beast and see what … Read more We’re diving deep into the enigmatic world of zk proofs. And who better to guide us than the prodigious Vitalik Buterin, whose name has become synonymous with blockchain innovation? His latest paper, riddled with layers of complexity, opens up a Pandora’s box of possibilities for the blockchain realm. Let’s unmask this beast and see what treasures it holds. The Privacy Pool Dilemma At the heart of this debate lies Tornado Cash – a protocol celebrated for its ability to obscure transactional footprints in the world of cryptocurrency. While it…

TL;DR Breakdown In 2025, the Financial Accounting Standards Board (FASB) will introduce new accounting standards for cryptocurrency enterprises. Previously, companies had to bear crypto impairment losses on their balance sheets, even if the asset’s value recovered. The new “fair value” accounting method will reflect an asset’s current market value and other relevant factors. Description 2025 is right around the corner and with it comes a seismic shift in the U.S. accounting world. The Financial Accounting Standards Board (FASB), the pivotal body responsible for sculpting accounting standards for businesses adhering to the U.S. Generally Accepted Accounting Principles (GAAP), has decided to stir the pot a bit. These game-changing mandates set … Read more 2025 is right around the corner and with it comes a seismic shift in the U.S. accounting world. The Financial Accounting Standards Board (FASB), the pivotal body responsible for sculpting accounting standards for businesses adhering to the U.S. Generally Accepted Accounting Principles (GAAP), has decided to stir the pot a bit. These game-changing mandates set for cryptocurrency enterprises are about to redefine how crypto assets feature on the…

Description The EU has tightened the reins on the tech behemoths, pushing them into a potential legal quagmire. New regulations rolled out by the European body have effectively pulled the rug out from under companies like Apple, Google, TikTok, and WhatsApp, spotlighting them in the European quest to leash the unchecked power of big tech. Big … Read more The EU has tightened the reins on the tech behemoths, pushing them into a potential legal quagmire. New regulations rolled out by the European body have effectively pulled the rug out from under companies like Apple, Google, TikTok, and WhatsApp, spotlighting them in the European quest to leash the unchecked power of big tech. Big Tech’s New Dance with EU Rules The European juggernaut’s latest initiative, the Digital Markets Act (DMA), unfurled its list of “gatekeepers”, comprising of world-renowned tech giants: Apple, Microsoft, Google, Amazon, Meta, and ByteDance, the company behind the popular TikTok platform. And let me tell you, the lineup is both impressive and intimidating. These “gatekeepers” aren’t getting off easy. The EU demands these services become more interoperable…

Description Sometimes the investment world receives a jolt that reminds everyone just how rapidly the financial landscape is evolving. Enter the scene: Ark Invest. Teaming up with 21Shares, the duo boldly declared their intent to debut the first-ever U.S.-based Ethereum ETF that would provide direct exposure to Ether – the crypto world’s silver. The move? Undeniably … Read more Sometimes the investment world receives a jolt that reminds everyone just how rapidly the financial landscape is evolving. Enter the scene: Ark Invest. Teaming up with 21Shares, the duo boldly declared their intent to debut the first-ever U.S.-based Ethereum ETF that would provide direct exposure to Ether – the crypto world’s silver. The move? Undeniably audacious. The impact? Potentially colossal. A Direct Investment Strategy: Because Why Not? Recent rumblings in the finance sphere have whispered of Ether futures spot-ETFs. But Ark Invest, never one to tiptoe around the edges, took it up a notch. Their strategy to directly hold Ether isn’t just gutsy—it’s unprecedented. And let’s be clear; this is no mere attempt to offer yet another crypto product. This is…

TL;DR Breakdown Binance, the world’s largest cryptocurrency exchange, has experienced the departure of two senior executives, Gleb Kostarev and Vladimir Smerkis, who were overseeing operations in Eastern Europe and Russia. They join a list of other high-profile exits, adding to the challenges facing the company. The departures come amid increasing regulatory scrutiny from U.S. and other global authorities, including lawsuits from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. CEO Changpeng Zhao acknowledged the departures but did not elaborate on the reasons. Description Binance, the world’s largest cryptocurrency exchange, has seen the departure of two key executives overseeing its operations in Eastern Europe and Russia. This comes as the exchange faces increasing scrutiny from regulators in the United States and other countries. A spate of high-profile departures Gleb Kostarev, who was the regional head for Eastern Europe, the … Read more Binance, the world’s largest cryptocurrency exchange, has seen the departure of two key executives overseeing its operations in Eastern Europe and Russia. This comes as the exchange faces increasing scrutiny from regulators in the United…