ORE System

Crypto scams are down while hacks and stolen funds are up: Chainalysis midyear report

Chainalysis’s mid-year report indicates that cryptocurrency scams have decreased while hacks and stolen funds have increased. Chainalysis, one of the leading analytics firms in the crypto space, has published its midyear report. The midyear report highlighted some of the trends... Read More

Aussie asset manager to offer crypto ETF using unique license variation

Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF).  Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as... Read More

Aussie asset manager to offer crypto ETF using unique license variation

Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF).  Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as... Read More

CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB

The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth continuation” of the current monetary system.  The comments were made... Read More

Ontario crypto exchanges impose $30K annual limit on altcoin buys

Canada-based crypto exchanges Bitbuy and Newton are enforcing a $30,000 (CAD) annual “buy limit” for “restricted coins” for their users based in Ontario in order to “protect consumers” amid tightened regulations. Newton, a Toronto-based crypto exchange announced the new changes come after... Read More

Korean police seize crypto for unpaid traffic fines in trial

A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines. Gunpo, a city of about 275,000 in the northwestern Gyeonggi province... Read More

Senator asks FDIC about allegations it discourages bank relations with crypto companies

Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whistleblower concerning FDIC activities. The senator... Read More

European Central Bank addresses guidance on licensing of digital assets

The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe. In a Wednesday statement, the ECB’s banking supervision division said it would be taking steps... Read More

Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities

The United States Federal Reserve Board issued a letter Tuesday to its supervisory officers, staff and the banks they supervise regarding activities with crypto assets. The letter covers the preliminary steps a bank must go through before engaging in activities... Read More

3 strategies investors might use to trade the upcoming Ethereum Merge

The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies.  Let’s take... Read More