While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager.

At the recent Cardano Summit in Dubai, Kriss Baird, the principal figure of Project Catalyst — a community-driven governance and grants and funds mechanism through voting within the Cardano ecosystem — spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development.

Speaking about the opportunities and challenges of decentralized platforms for raising capital…

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The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation.

Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoin backed by a currency that is fully redeemable at par to investors. The official proposal by EBA noted that the stablecoin liquidity guidelines will act as a liquidity stress test for stablecoin issuers.

EBA believes the stress test will highlight any shortcomings and lack of liquidity for the stablecoin, which can help EBA to only approve fully backed stablecoins with enough liquidity buffer.

“The… Read more on Cointelegraph

The Commodity Futures Trading Commission (CFTC) has unveiled its enforcement outcomes for Fiscal Year (FY) 2023. It highlights a historic surge in digital asset cases, actions to enforce regulatory obligations for registrants, manipulation and spoofing cases, and groundbreaking court decisions in intricate legal disputes.

The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto. During FY 2023, the CFTC’s Division of Enforcement (DOE) initiated 96 enforcement proceedings, alleging fraud, manipulation, and various substantial infringements across various markets, encompassing digital assets and swaps markets. These actions led…

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Central banks have a responsibility not only to keep pace with the digital age but to lead innovation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), believes. 

In his opening remarks at the conference in Basel on Nov. 8, Carstens called the central bank digital currencies (CBDCs) the “central element” of this leadership and elaborated on the potential threats and challenges in implementing them.

One particular challenge is the variety of technological infrastructures different countries intend to develop for their CBDC projects. Carstens also mentioned cyber risks and new possibilities for “criminal activities by unscrupulous actors.”

Related:…

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Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.

Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved in projects leveraging blockchain technology to work towards meeting sustainable development goals (SDGs) around the world.

The Smith School of Enterprise and the Environment defines a regenerative economy as a movement “away…

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Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, SEBA received the license on 3rd Nov.

SEBA SFC license details. Source: SFC

The license makes way for SEBA in dealing and distribution of all securities, including virtual assets-related products such as over-the-counter (OTC) derivatives. The license marks SEBA’s first footprint in the Asia Pacific region.

SEBA first launched an office in Hong Kong…

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Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7.

The commission-free trading app made this announcement as it revealed its third-quarter results, indicating a revenue miss. Robinhood attributed the decline in its transaction-based revenue to reduced cryptocurrency trading volumes on the platform.

The firm reported a net revenue of $467 million, slightly below the average analyst estimate of $478.9 million. Nevertheless, this marked a 29% growth compared to the same period last year. Transaction-based revenues…

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