South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
The Financial Services Commission cited concerns “about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges.”
Crypto for Advisors: Digital Assets in 2024
Are you ready to talk about crypto investing with your clients? CoinDesk’s Kim Greenberg collaborated with Adam Blumberg and DJ Windle to provide a guide to getting “Digital Asset Ready” as this year is sure to be interesting.
India’s Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) “exceeded the milestone of 1 million transactions in a day on Dec. 27, 2023.” A separate letter from one of the banks participating in the e-rupee pilot said it had been encouraged it to deposit employee funds and benefits using the CBDC, rather than use the existing fiat currency.
Protocol Village: KuCoin Invests in Solana-Based Mixed-Reality Project DeMR
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 4-10.
First Mover Americas: Explaining Bitcoin’s Sudden Drop
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bullish Bitcoin Market Sentiment at Display as ‘Buy the Dip’ Mentions Soar
Buying the dip is one of the most famous narratives in the crypto community, indicating an intention to purchase the token when the price drops.
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don’t Need Green Light From SEC
RDC’s aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.
Will 2024 Be the Year of the Bitcoin ETF?
Excitement over a spot bitcoin ETF – a regulated financial product that would give institutional and retail investors easier exposure to bitcoin’s price without requiring them to invest directly in the asset – continues to grow.
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Bitcoin ETFs Could Spark Huge BTC Trading. The Market Appears Up to the Task
Market makers, like trading firm DRW, have been preparing for months to be able to provide the necessary liquidity to ensure sufficient liquidity should the SEC approve bitcoin exchange-traded funds in the U.S.