Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules
The U.K. opened its plans for regulating the crypto sector for public comment back in February.
Analysis
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.
UK Crypto Tax Advisors Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade
Their thinking is contrary to other market observers, who believe a mass-sell-off following the “hard fork” will send prices downward.
Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto Traders
Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.
The UK Has Created Crypto Banking Problems
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?
Coinbase’s former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.
Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too
Internet-era bank runs don’t look anything like this. (National Archives via Wikipedia, modified by CoinDesk)
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round.