Author: CryptooTimes

As the London Stock Exchange gears up to list its inaugural crypto exchange-traded products, about half of its exchange-traded fund team has reportedly left. Just as the London Stock Exchange (LSE) prepares to list its first crypto-linked products, two members of its four-person team overseeing exchange-traded funds (ETFs) departed, Bloomberg reports, citing a spokesperson for LSE. According to the report, Michael Stanley, the head of exchange-traded products, and Hetal Patel, head of business development, have left the organization, though the exact timing of their exits remains unclear. The departures come as the LSE readies itself to list its first-ever crypto-linked…

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South Korean authorities have arrested 19 members of a fraudulent social media chat group that scammed 308 investors out of nearly $19 million.  Those arrested had operated an open chat room and scammed hundreds of investors out of $18.8 million by promising quick profits if victims invested in unlisted coins. The chat room pretended to offer legitimate cryptocurrency trading tips and even delivered some profits before encouraging members to invest in unlisted coins, according to Seungwon Lee.  Unlisted coins The fraudulent unlisted coins never delivered any profits, and those arrested severed ties with investors when the investors started demanding their…

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Crypto has come a long way since the release of the Bitcoin whitepaper in 2008. From a niche community establishing a digital cash network to a major worldwide asset class coveted by banks and investment firms, the landscape has changed drastically. So what comes next for the crypto industry? Where will crypto be in 5 years? Crypto technology will become more advanced In some ways, it’s nothing short of a miracle that crypto became as big as it did from 2010 – 2020. The ICO craze of 2018 raised around $15.7 billion for crypto projects. Now seen as something of…

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The bill’s proposed bifurcated market for restricted and unrestricted digital assets ignores fungibility as a fundamental characteristic of crypto tokens. By creating categories of restricted and unrestricted assets, the bill disrupts this principle, leading to confusion and market fragmentation. This could impair liquidity, complicate transactions and risk management mechanisms such as derivatives, reduce the overall utility of the crypto tokens and ultimately stifle innovation in a nascent industry. Source link

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