Hong Kong issues dual-track policy for AI adoption in finance
Hong Kong’s FSTB has unveiled a balanced AI policy approach for finance while the SFC preps new crypto OTC regulations.
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Circle Executed $24 Billion in OTC Trades in 2018
The over-the-counter (OTC) trading desk at cryptocurrency finance firm Circle had a notional volume of $24 billion in 2018, according to an official Medium blog post on Jan. 3. Per the statement, Circle executed 10,000 OTC trades with 600 different counterparties, at $24 billion in volume. As such, the company claims to have become a…

Circle announces Solana programmable wallets, gas station
Circle is adding support to the Solana blockchain, enabling integration across its Web3 features in two phases.

SEC is waiting for a chair before setting crypto agenda — Hester Peirce
Donald Trump nominated Paul Atkins as an SEC commissioner following the departure of Gary Gensler and Jaime Lizárraga.

Congress and IRS Virus Relief Allow Loss Carrybacks, Tax Refund Claims
Many investments these days seem volatile, but there are few asset classes that have been as volatile as crypto. If you have losses, you might have trouble claiming them, offsetting gains or reducing your income. In fact, asking if you have tax losses or even expecting some sounds like a silly question. How losses are…

Uber stock jumps, Tesla stumbles after Elon Musk’s Cybercab reveal
Tesla’s failure to demonstrate progress in the field of autonomous vehicles appears to be making investors skittish.

Russian prime minister proposes legal steps to bring order to crypto market
Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code. Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order…

Blockchain Genomics Firm, Global Pharma Giant Merck Sign Anonymized Data Sharing Agreement
Blockchain firm Nebula Genomics has announced a collaboration with EMD Serono, the North American biopharmaceutical business of Merck KGaA — the world’s oldest operating pharmaceutical firm. The news was announced in a press release shared with Cointelegraph on June 11.As previously reported, Nebula is a blockchain-powered platform for genome-sequencing data, co-founded in 2017 by renowned…

Bitcoin Price Criss-Crosses $9K as Peter Schiff Warns of ‘Collapse’
The battle to secure $9,000 as support grinds on as an ever-critical Schiff claims that the “collapse” of Bitcoin is not far away. Bitcoin (BTC) rose to take $9,000 yet again on May 6 as the mission to create new support levels continued.Cryptocurrency market daily overview. Source: Coin360Analyst: BTC “doing well” even with $6K dipData…