Exchange industry organizations and international regulators are collaborating to limit the expansion and acceptance of tokenized equities, contending that these offerings do not represent genuine shares and pose considerable risks to investors.As reported by Reuters, the European Securities and Markets Authority (ESMA), the International Organization of Securities Commissions (IOSCO), and the World Federation of Exchanges (WFE) have addressed a letter to the US Securities and Exchange Commission’s (SEC) Crypto Task Force, advocating for more stringent regulatory scrutiny of tokenized equities.The entities assert that tokenized stocks “simulate” the shares they aim to replicate but lack the investor protections inherent in conventional…
Autore: wsjcrypto
“`html Reliable Editorial content, evaluated by prominent industry authorities and experienced editors. Ad Disclosure Bloomberg analyst James Seyffart has shared insights regarding the XRP ETF amendment submissions and their potential implications for approval. These amendments emerged after the SEC postponed its decision on these funds until October, the final cutoff date. Significance of the XRP ETF Amendment Submissions for Approval In an X post, the Bloomberg analyst indicated that the XRP ETF amendments likely resulted from feedback provided by the SEC. He asserted that this was an encouraging development, even though it was largely anticipated. The Commission is recognized for…
SHARES might persist in rising this week after accommodative remarks from the US Federal Reserve chair during the weekend, alongside expectations that the Bangko Sentral ng Pilipinas (BSP) will implement a third successive rate reduction on Thursday. On Friday, the leading Philippine Stock Exchange index (PSEi) increased by 0.05% or 3.71 points, finishing at 6,281.58, while the broader all shares index advanced by 0.06% or 2.44 points to 3,737.58. However, week on week, the PSEi fell by 0.54% or 34.35 points from its closing of 6,315.93 on August 15. The stock market remained closed on Monday in observance of National…
“`html Ethereum has again taken prominence in the cryptocurrency market after leaping to a novel all-time high exceeding the $4,900 mark on Sunday. The upward trend, which elevated ETH into unexplored territory, showcased the resilience of buyers following weeks of consistent institutional accumulation and market momentum. Nevertheless, the price did not maintain these peaks for long. Ethereum has since retraced, falling back to the $4,600 area, where buyers are now attempting to establish support before the next upward movement. Related Reading This pullback has ignited discussions among analysts. Some perceive the retracement as an indication of a possible local peak,…
“`html Hundreds of jobs in the UK are in jeopardy after TikTok confirmed its intentions to reorganize its content moderation operations and relocate work to other regions in Europe. The social media behemoth, boasting over a billion users globally, indicated that this action is part of a worldwide restructuring of its Trust and Safety division and underscores its increasing dependence on artificial intelligence (AI) for content moderation. A spokesperson for TikTok stated: “We are progressing with a reorganization that we initiated last year to enhance our global operational framework for Trust and Safety, which involves consolidating our operations in fewer…
“`html US President Donald Trump enacted an executive directive on Aug. 7, permitting cryptocurrency in 401(k) retirement plans. The crypto sector has hailed this action as a triumph for acceptance, yet investment experts caution that it carries considerable risk. The directive “Democratizing Access to Alternative Assets for 401(k) Investors” instructed US financial regulators to broaden access to cryptocurrency and private enterprises within 401(k) plans. The 401(k) employer-sponsored investment scheme is among the most favored retirement plans in the US. As of 2024, 401(k) plans possessed $8.9 trillion in assets. Consequently, this could signify a substantial source of demand for cryptocurrencies…
“`html Today in crypto, Bitcoin decreased to $112,174, with some analysts attributing it to a $2 billion Bitcoin whale divestiture. Telegram founder Pavel Durov shared an update on the legal situation, criticizing the French authorities, while Ethereum gaming network Xai asserts Elon Musk’s AI company xAI has instigated market turmoil and damage to its reputation.Bitcoin drops to $112K as community cites Bitcoin whale liquidationsBitcoin experienced a significant drop to $112,174 on Sunday, and Bitcoin enthusiasts like Willy Woo are attributing the decline and slower market movements to the oldest Bitcoin whales liquidating after maintaining the asset for years.“This variance in…
“`html The foundation of each Bitcoin Circular Economy is distinct. The aims of Bitcoin Circular Economies are varied and, as they expand, the initiatives cultivate their individual identity: education, P2P, transactions, wallets, etc. The journeys of their champions frequently influence the inception of each, with traits and requirements that characterize them. The originators, who opt to embark on this social, technical, and financial journey, embody the essence of the initiative. The Bitcoin Jungle project emerged in the depths of the Costa Rican rainforest, where a lively community of expatriates and digital nomads from around the globe strives to foster a…
“`html By Ashley Erika O. Jose, Journalist THE KONEKTADONG PINOY legislation, aimed at enhancing internet accessibility by loosening regulations and permitting more entrants into the data transmission sector, has officially become law as of Sunday. “It has officially become a law,” Department of Information and Communications Technology (DICT) Secretary Henry Rhoel R. Aguda informed BusinessWorld on Sunday. This was further verified by Presidential Communications Undersecretary Claire B. Castro via a Viber message, though details were not provided. Mr. Aguda noted that the DICT is currently developing the implementing rules and regulations (IRR) for the Konektadong Pinoy Act, also referred to…
“`html Reliable Editorial material, evaluated by prominent industry authorities and experienced editors. Advertising Disclosure After achieving a new record high of $124,500, Bitcoin is now striving to maintain the $115,000 threshold as support. The bulls, who prevailed just a few days prior, are finding it difficult to initiate a new surge, placing the market in a fragile state. While fundamental factors, like institutional adoption and high holder demand, continue to bolster the overall upward trend, capital movements indicate a new influence is emerging. Numerous analysts observe indications of capital shifting from Bitcoin to altcoins, a trend that frequently signifies changes…