The cryptocurrency industry is constantly evolving and innovating, with new projects, platforms, regulations, and trends emerging every day. Here are some of the latest crypto news headlines from around the world:
- Bitget, a crypto exchange based in Singapore, has introduced a new crypto lending service that allows users to deposit specific coins and receive a corresponding asset as a reward. The service aims to provide users with more flexibility and liquidity in their crypto investments, as well as to support the development of the DeFi ecosystem. Bitget claims to be the first exchange to offer such a service in the industry.
- BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US Commodity Futures Trading Commission (CFTC). The subcommittee will advise the CFTC on various issues related to the regulation and oversight of digital assets, such as stablecoins, CBDCs, NFTs, and DeFi. The subcommittee will also explore the potential benefits and risks of digital assets for the financial system and the economy.
- Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the cryptocurrency market and protect investors from potential losses. The trust requirement will oblige crypto exchanges to segregate customer assets from their own assets and to comply with anti-money laundering and counter-terrorism financing rules. The trust requirement will also apply to other intermediaries that facilitate crypto transactions, such as custodians, brokers, and payment service providers.
- Scientists in South Korea have achieved a breakthrough in nuclear fusion research, which could have implications for the future of energy production and consumption. The Korea Superconducting Tokamak Advanced Research (KSTAR) facility has managed to sustain a nuclear fusion reaction running at temperatures in excess of 100 million°C for 30 seconds for the first time. The experiment also demonstrated a net energy gain when carrying out a nuclear fusion reaction, which means that more energy was produced than consumed. Nuclear fusion is considered to be a clean, safe, and abundant source of energy that could potentially power the world without emitting greenhouse gases or radioactive waste.
These are some of the latest crypto news stories that reflect the diversity and dynamism of the cryptocurrency industry. Stay tuned for more updates and insights on CoinMarketCap.com.
