Nouriel Roubini oversees the development of tokenized dollar replacement

Nouriel Roubini is helping develop a tokenized financial instrument aiming to act as an alternative to the US dollar for major investors. Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation.Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray into the world of digitized financial instruments intriguing.

ECB needs 'globally coordinated regulatory action' on crypto, says official

One of Fabio Panetta’s concerns seemed to be how the ECB and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal." European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but “not swiftly enough to keep pace with the emerging challenges.” According to the ECB official, the world needs crypto regulated based on anti-money laundering and countering the financing of terrorism rules of the Financial Action Task Force, strengthening public disclosure and reporting on regulatory compliance from the industry, and setting up “strict transparency requirements” and “standards of conduct.”One of Panetta’s chief concerns seemed to be how the central bank and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal” and “very difficult to identify tax-relevant activities.” The ECB official proposed taxing cryptoassets based on Proof-of-Work at a higher rate than other financial instruments based on “negative externalities that lead to sunk costs for society, such as high pollution.”“We should bring taxation on crypto-assets into line with the taxation of other instruments and aim for alignment across jurisdictions, given the global nature of the crypto market,” said Panetta.

World of Defish – a Metafish Playground for NFT-Gaming Experience – Launched Its Mainnet

An exciting crypto fishing game with a unique set of NFT-gaming instruments – World of Defish – is excited to announce its full-scale mainnet launch.

Prime XBT Announces 24 New Crypto Trading Instruments: MANA, LUNA, ALGO and More

[PRESS RELEASE – Please Read Disclaimer] PrimeXBT has a proven track record of continuously expanding its product offering across innovative features, advanced tools, and popular trading instruments.

Avalanche-based DeFi Platform Struct Finance Raises $3.9M in Seed Funding

Struct Finance has raised a $3.9m seed round to build instruments that will enable the ecosystem to customize, compose, and invest in decentralized structured products.

Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen

BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.

Crypto mining’s cost: How has hardware availability changed the industry?

Is accessible mining possible? How easy is it to buy mining equipment, and how can this happen affordably? Cryptocurrency mining has been and remains an attractive endeavor not only for fans of alternative financial instruments but also for those serious about investing.When deciding whether to start mining, potential miners keep several well-known factors in mind: equipment and electricity costs, suitable climate and favorable legislation in the country of operation.

Bulgarian Stock Exchange Launches 8 Crypto ETNs

Bulgarians can now invest in crypto assets through their country’s stock market.

Russian central bank registers nation’s first digital asset manager

In late 2021, Bank of Russia deputy governor claimed the bank would allow crypto investment only via foreign firms. The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday.According to the announcement, the Bank of Russia has formally deemed the rules of the company’s information system and the platform’s technical implementation as being compliant with the Russian law.The registration enables Atomyze to provide its clients with an opportunity to issue digital financial assets, or DFA, on its platform as well as obtain “new types of assets in the tokenized form.” The organization will be also enabled to “independently carry out exchange operations within its platform” as the rules of DFA exchange are “built into the information system rules.”“In order to further develop the DFA, the Bank of Russia has formulated proposals for improving the regulation of such assets and their taxation, which will increase the attractiveness and applicability of digital financial instruments.

EU regulator calls for public input on DLT for trading and settlement

Distributed ledger technology is increasingly gaining attention in Europe for its applications in securities trading and settlement. The European Securities and Markets Authority (ESMA) is seeking stakeholder input on the use of distributed ledger technology for securities trading and settlements. The European Union's securities regulator recently published a “call for evidence” to invite stakeholders to share their feedback on the regulations for regulatory technical standards (RTS) on reporting and transparency on the DLT pilot expected to be implemented next year. Some of the main functions of ESMA include strengthening the protection for EU investors, enhancing financial markets, and fostering cooperation between members. With the call for evidence, the EU regulator’s objective is to see whether regulatory standards concerning trade transparency and data reporting need to be revised to apply to tokenized securities running on DLT.According to ESMA’s official website, the aim is to “ensure more efficient, secure, and cost-effective management of the data stored on DLTs while preserving its quality, usability and comparability.”Stakeholders are called to also share their views on ways to provide regulators with information pertaining to “transactions, financial instruments data, and transparency data.” After sending in the feedback, the EU regulator will determine whether amendments to the RTS are required.

5 ways derivatives could change the cryptocurrency sector in 2022

Retail and institutional investors love derivatives instruments.

Growth Of Bitcoin ETFs & Other Instruments Doesn’t Support Supply Shock Narrative

Data shows while the Bitcoin supply present on exchanges has been trending down, growth in other investment vehicles like ETFs and WBTC has been making up for this drop.

Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance.

ADALend: Protocol Efficiency on Cardano in Handling Interest Rates

Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios.

ADALend: Protocol efficiency on Cardano in handling interest rates

In order to diversify their portfolios, crypto traders turn to fixed-income instruments like bonds and stocks.

ADALend: Protocol Efficiency ON CARDANO In Handling Interest Rates

In order to diversify their portfolios, crypto traders turn to fixed-income instruments like bonds and stocks.

Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency

Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments.

Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes

The number of crypto-based exchange-traded products in Europe continues to expand as 2022 draws nearer. Nasdaq Stockholm has announced that 21Shares has listed their first two physically backed exchange-traded notes (ETNs) on the Swedish trading platform. The two instruments listed, with Bitcoin (BTC) and Ether (ETH) as underlying assets, represent a new segment for ETNs — a type of unsecured debt security that tracks an underlying index of equities and trades on a major exchange. According to the announcement, the new ETNs will provide investors access to investment opportunities in cryptocurrencies such as Bitcoin and Ether. Helena Wedin, European head of exchange traded products at Nasdaq, says that exchange-traded notes allow one to invest in non-traditional assets while maintaining the transparency of a regulated market.

How Instrumental Finance Corrects Challenges in Liquidity Provisioning

Liquidity provisioning is arguably one of the most important developments in DeFi to date allowing innovators and end-users to explore new boundaries per financial instruments without the usual go-betweens.

Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing

The upside move in the Shiba Inu instruments also comes in the wake of broader price rebound across leading crypto assets, including Bitcoin. Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, has emerged as one of the best performers across traditional and crypto markets entering the new weekly session as its price climbed by over 30% week-to-date.SHIB’s price reached $0.00005155 Tuesday after bouncing from its technical support near $0.00003560 at the beginning of this week.

ConstitutionDAO: PEOPLE price pumps 200% as new ‘We The People’ token unveiled

Meanwhile, the trading volumes across the crypto’s main instruments dropped by nearly 100% in the same period. PEOPLE, the governance token of ConstitutionDAO, soared in value by nearly 200% in just 24 hours despite its trading volumes falling off the cliff in the same period, data on CoinMarketCap shows.The cost to purchase 1 PEOPLE token surged to $0.0321 compared to $0.0110 24 hours ago.

ECB Publishes New Oversight Framework, Set to Include Stablecoins

The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem.

Hong Kong regulator re-evaluates retail crypto ETFs laws

The Securities and Futures Commission of Hong Kong has received many requests to approve Crypto ETFs for trading. The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs.According to a report by South China Morning News on Nov.3, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 million to invest.SFC's deputy chief executive Julia Leung Fung-yee stated that the re-evaluation will be made "to see if it is still fit for purpose and whether modifications are required." Fung-yee, speaking at the 2021 Hong Kong Financial Technology Week conference, said that “virtual assets are edging toward traditional finance,” hence the need to review the laws.“More, [and] different types of virtual asset investment products are available and conventional exchanges overseas now offer cryptocurrency ETFs.”Crypto ETFs are not available for Hong Kong-based investors, even though these financial instruments can be bought from other countries.

Why Stablecoin Regulation Isn’t ‘Urgent’

A new report attempts to frame regulation of instruments like tether and USDC as an emergency.

Vitalik Buterin shares positive outlook on the establishment of crypto cities

The Ethereum co-founder sees city tokens as important instruments in promoting economic equality, social initiatives and better governance. In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens.Specifically, Buterin discussed the formation of city tokens and decentralized autonomous organizations, known as DAOs.

Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan

Digital currency trading platform Liquid Exchange has tapped the Japanese license that now qualifies it as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act.

Crypto exchange Liquid attains Japanese derivatives licence

The exchange filed the application to Japan’s financial regulatory body in Q2 of 2020. Japanese cryptocurrency exchange Liquid has announced that its subsidiary firm, Quoine Corporation, has acquired a Type I Financial Instruments Business license under the Financial Instruments and Exchange Act from the Japanese regulatory authorities.The approval will allow Liquid to commence derivatives trading on its platform, offering investment opportunities to both retail and institutional clients, although a specific date for launch was not disclosed.

Competing Bitcoin ETFs Gear Up For 'Brutal Fee War'

With more Bitcoin futures ETFs launching in the United States, fund operators’ fees for these instruments are taking center stage.

Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says

Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media.