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LATEST: U.S. Risks Losing Crypto Leadership, Says Franklin Templeton CEO

Post author By cryptocrunchnews
Post date 2Y

Franklin Templeton’s CEO, Jenny Johnson, voiced concerns at the Consensus conference that the U.S. may fall behind in the crypto industry if it continues with stringent regulatory measures. Highlighting the more supportive regulatory frameworks of Singapore, Hong Kong, UAE, and parts of Europe, Johnson suggested these regions are ahead in embracing blockchain technology.

Johnson emphasized the disruptive potential of digital assets on traditional business models, urging U.S. regulators to adopt a more open and proactive approach. She noted the importance of paying attention to the evolving digital asset space to stay competitive in the equity market.

Additionally, Johnson touched on Franklin Templeton’s innovative strides in the crypto space, including a tokenized money market fund and plans for tokenized ETFs. These initiatives, enhanced by blockchain technology, aim to revolutionize how investments are managed and exchanged.

Peirce proposes DLT sandbox collaboration between US and UK

Post author By Blockworks
Post date 2Y

Securities and Exchange Commissioner Hester Peirce proposed a joint digital securities sandbox between the United States and the Bank of England.

The idea would be to allow firms to use specified technologies in the toolbox, like distributed ledger technology.

“Even though I tend to be more of a beach than a sandbox type of regulator, sandboxes have proven effective in facilitating innovation in highly regulated sectors. Experience in the UK and elsewhere has shown that sandboxes can help innovators ‘try out their innovations under real-world conditions,’” Pierce wrote.

Read more: UK advancing ‘digital securities sandbox’ keying in on crypto tech

Through the sandbox,…

Implementing FIT21 could be a ‘slow, slow process’ — CFTC Commissioner

Post author By cointelegraph
Post date 2Y

Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted.

Read more on Cointelegraph

SEC Commissioner pitches safe space for digital securities experiment

Post author By cointelegraph
Post date 2Y

Hester Pierce said her “sandbox” pitch would offer opportunities for cross-border collaborations between blockchain firms without fear of regulatory threats.

Read more on Cointelegraph

Is The MEV Monster Under Bitcoin's Bed?

Post author By BitcoinMagazine
Post date 2Y

What’s MEV?

For the uninitiated, Maximal Extractable Value (MEV) involves various techniques used by market actors to capture additional value by exploiting price inefficiencies in blockchain transactions.

One naive form of MEV is called “transaction sniping.”

Most recently, manifestations of this phenomenon have begun populating your local Bitcoin memepools because of ordinals trading. Without going into too much detail, the way on-chain trading currently works is through the use of pre-signed Bitcoin transactions (PSBTs). The concept is simple: some users list pictures on a marketplace by crafting a transaction with the details and the price they would like to sell it at. You, a cat…

New York sets customer service standards for virtual currency entities

Post author By cointelegraph
Post date 2Y

The BitLicense just got a little tougher with new mandatory standards for treating customers right.

Read more on Cointelegraph

3 reasons why Ethereum is stuck below $3,900

Post author By cointelegraph
Post date 2Y

Factors include uncertainty in the spot Ethereum ETF launch, high ETF futures open interest, and stagnant Ethereum network usage.

Read more on Cointelegraph

Traders say Bitcoin price fights “last resistance” at $69K before new all-time highs

Post author By cointelegraph
Post date 2Y

The Bitcoin price remains stuck below $69,000 over the past 10 weeks, but analysts say it is a healthy price action

Read more on Cointelegraph

Crypto losses from fraud and hacks declined 12% in May — Immunefi

Post author By cointelegraph
Post date 2Y

The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.

Read more on Cointelegraph

Top Trending Crypto Coins of The Day

Post author By cryptocrunchstats
Post date 2Y

BIGCAP COINS:

Pepe: Market Cap of $6.0 Billion.
Bitcoin: Market Cap of $1.3 Trillion.
Shiba Inu: Market Cap of $15.7 Billion.

MIDCAP COINS:

Notcoin: Market Cap of $1.2 Billion.
Gorilla: Market Cap of $6.4 Million.
Jupiter: Market Cap of $1.5 Billion.

RISING COINS:

Wojak: Market Cap of $99.1 Million.
Elon: Market Cap of $23.9 Million.
GameStop: Market Cap of $4.7 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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