Japanese flag and cryptocurrencies

Japan Approves Venture Capital Investment in Cryptocurrency Projects

Japan’s Ministry of Economy, Trade and Industry has approved a proposal allowing investment business limited liability partnerships (LPS) to include cryptocurrency assets in their acquired and held assets. This significant shift enables Japanese venture capital (VC) firms to invest directly in projects issuing only cryptocurrencies, reducing barriers for Web3 startups. The amendment, expected to be submitted to parliament, signals a progressive approach to fostering innovation and investment in the cryptocurrency space.

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Honduras flag with the word "Banned" stamped on the background of image

Honduras Bans Financial System from Trading Cryptocurrency, Citing Illicit Activities

Honduras’ CNBS regulator has banned the financial system from trading in cryptocurrency and similar virtual assets, citing risks of fraud and money laundering. The resolution, which takes immediate effect, prohibits institutions under CNBS supervision from engaging in activities involving cryptocurrencies, tokens, or any unauthorized virtual assets. This move underscores regulatory concerns in a country where crypto assets are not currently regulated by law.

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Bitcoin Staking Arrives on Cosmos Hub: Transforming Security and Utility

Hold onto your crypto hats! Bitcoin staking is setting foot on Cosmos Hub, marking a groundbreaking collaboration with Informal Systems. This powerful pairing aims to revolutionize the Cosmos Hub into a multi-asset security powerhouse, fueled by ATOM, BTC, and a constellation of ecosystem tokens. Buckle up for enhanced security, exciting new revenue streams, and a potential regulatory game-changer for the crypto landscape.

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Bitcoin ETF and chart

Gabor Gurbacs Sees Leverage Potential in Bitcoin ETFs, Fueling Institutional Adoption

Bitcoin ETFs allow holders to use Bitcoin as a collateral and gain access to credit and leverage in the traditional markets. The few billion dollars of liquidity that’s coming in today will be nothing compared to what’s coming when more institutions begin to understand this.

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New Zealand Central Bank Governor Warns About Stablecoins

New Zealand Central Bank Governor Adrian Orr issued a strong warning against cryptocurrencies, particularly stablecoins, calling them the ‘biggest misnomer’ and emphasizing that their value depends entirely on the assets and liabilities of their issuer, raising concerns about their stability and suitability as a form of currency.

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A laboratory equipment stamped ERC-404 crash

Experimental ERC-404 Sector Plummets 29% in 24 Hours

The fledgling ERC-404 sector faces a harsh reality check as its market capitalization drops a staggering 29% in the last 24 hours,” according to data from Coingecko. Leading projects within the experimental Ethereum standard bear the brunt of the sell-off, with notable falls including PANDORA (down over 15%), DEFROGS (down over 22%), and RUG (down over 38%).

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South Korean flag and cryptocurrencies

South Korea Unveils Tough New Crypto Law to Curb Crimes and Protect Users

South Korea takes a strong stance against crypto crime with the “Virtual Asset User Protection Act,” imposing harsh penalties for market manipulation, illegal transactions, and information misuse. This move signifies a commitment to fostering a safe and secure environment for digital asset users.

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Ethereum logo writtern DELAYED and ETF

SEC Postpones Decision on Ethereum ETF, May 23rd Looms Large

The SEC’s postponement of the Invesco Galaxy Ethereum ETF decision reflects ongoing regulatory scrutiny, while May 23rd retains importance for VanEck’s application. More delays for other Ethereum spot ETFs are expected in the coming months.

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The SEC banner and gavel

SEC Adopts New Rule to Regulate Crypto Market Participants

The SEC’s new rule tightens its grip on the crypto market by requiring significant market makers, including those dealing with cryptocurrencies, to comply with federal securities laws. This move has implications for transparency, investor protection, and the evolving DeFi landscape.

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Janet Yellen

Yellen Warns of Crypto Dangers, FSOC Prioritizes Regulation

Treasury Secretary Yellen warns Congress of looming crypto dangers like stablecoin runs, platform vulnerabilities, and price volatility, urging collaborative efforts with Congress to establish robust regulations for consumer protection, financial stability, and responsible innovation in the crypto space.

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