First Mover Americas: Bitcoin Tops $45K for First Time in 21 Months
The latest price moves in crypto markets in context for Jan. 2, 2024.
Firms
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock’s ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund’s approval odds.
Failure of Multi-Function Crypto Firms a Limited Threat to ‘Real Economy’: FSB
A new report by the Financial Stability Board said further assessments of possible implications are required because “significant information gaps remain.”
UK’s Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say
The government has said it won’t extend certain regulatory exemptions reserved for foreign TradFi firms to crypto, potentially making it tougher for companies to enter the market.
BitGo and Copper Combine Crypto Custody Settlement Networks
The network effect of BitGo’s cold storage settlement system and Copper’s ClearLoop comprises exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex and Bitstamp.
Upcoming UK Rules for Crypto Ad Approvers Spell Uncertainty for Industry
Those approving promos for unregistered crypto companies are already facing regulatory scrutiny – and will soon have to seek new permissions to continue.
UK Regulator Warns Crypto Firms of ‘Hard to Read’ Risk Warnings
The Financial Conduct Authority has blocked Binance’s chosen isim approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct. 8.
Nomura-Backed Komainu Joins UK Crypto Register
The firm registered with the Financial Conduct Authority just before new isim rules took effect on Sunday.
Why Some Crypto Firms Are Suspending Services in the U.K.
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect.
UK Regulator Saw ‘Poor’ Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.