Company Name: Cake Wallet

Founders: Vik Sharma

Date Founded: October 2017

Location of Headquarters: Saint Kitts and Nevis (and staff is remote)

Number of Employees: 14

Website: https://cakewallet.com/

Public or Private? Private

When Vik Sharma isn’t serving as the CEO of Liberty Steel, he’s focused on making bitcoin and other cryptocurrencies easier and more private to use via Cake Wallet.

Sharma believes that a product must be user-friendly if it is to be adopted widely, which is why usability is at the center of the Cake Wallet mission.

“The very broad mission of Cake Wallet is to bring cryptocurrency to the masses, to enable people to easily send, receive, hold, swap, on-ramp, and…

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The UK’s Financial Conduct Authority (FCA) has announced plans to finalize comprehensive crypto regulations by 2026. This move is part of the government’s effort to align with global regulatory developments, particularly following the victory of Donald Trump in the 2024 US elections, which could reshape crypto regulations worldwide.

FCA revealed it would begin consultations on crypto regulations this quarter, focusing on areas such as trading platforms, market abuse, crypto lending, and stablecoins. Matthew Long, FCA’s Director of Payments and Digital Assets, highlighted the importance of learning from global regulatory practices.

The UK’s push to establish clearer rules comes as countries like Hong Kong, Singapore, and the UAE have already introduced crypto regulations. Meanwhile, the EU’s Market in Crypto Assets (MiCA) regulations will take effect by the end of the year. As global pressures mount, the UK is working to attract digital asset businesses with clearer, more favorable regulations, including measures on stablecoins and exemptions for certain services like staking and custodial wallets.

Fidelity Investments’ Director of Global Macro, Jurrien Timmer, continues to provide insightful frameworks for understanding Bitcoin’s valuation and growth. In a recent update, Timmer shared his take on Bitcoin’s adoption and value trajectories, illustrated by detailed charts that reflect both historical trends and hypothetical scenarios.

Timmer’s models aim to simplify Bitcoin’s complex growth dynamics, bridging the gap between network adoption and valuation. “While the supply is known, the demand is not,” he stated, emphasizing the critical role of adoption curves and macroeconomic variables such as real rates and monetary policy.

Adoption Curves: Slowing But Consistent… Read more on BitcoinMagazine

Morocco is taking a significant step toward regulating cryptocurrencies as the central bank, Bank Al Maghrib, announces a draft law on crypto assets. The governor, Abdellatif Jouahri, revealed during an international conference in Rabat that the proposed law is currently in the process of adoption. This marks a potential shift from the 2017 nationwide ban on cryptocurrencies, which failed to curb their underground usage among the Moroccan public.

The draft law aims to establish a clear framework for managing and monitoring digital assets, addressing the growing demand for cryptocurrencies while mitigating associated risks. This regulatory push aligns with Morocco’s intent to integrate emerging financial technologies responsibly. By replacing the outright ban with structured oversight, the country seeks to ensure safer participation in the global digital economy. If implemented, this legislation could position Morocco as a progressive player in the cryptocurrency space while fostering trust among local and international investors.

Reuters