French Rapper Naps Collaborates With KuCoin in Viral Music Video Highlighting Crypto’s Influence in Pop Culture
June 21 (Cointime) - French rapper Naps and cryptocurrency exchange KuCoin have teamed up to showcase the growing influence of crypto in pop culture, particularly in France. Naps' latest music video featuring KuCoin's brand placement has gone viral, amassing over 7.5 million views and sparking a new cultural phenomenon.
Asset Protection Lawyer Blake Harris Stated That Digital Assets Need To Be Protected Like Other Financial and Physical Assets
June 21 (Cointime) - Blake Harris Law's founder, Blake Harris, stresses the importance of safeguarding digital assets, which are both attractive and valuable to investors. However, investing in crypto can be risky due to security concerns and the solvency of the facilitating firm. Digital assets are also subject to the same risks from litigation and creditors as physical assets.
Survey Finds 96% of Professional Investors Keen to Invest in Crypto, with Positive Outlook on Bitcoin and Ethereum
June 20 (Cointime) - A survey conducted by Laser Digital, a digital asset business backed by Nomura, found that 96% of professional investors are interested in investing in crypto.
Gemini to Expand Singapore Office and Hire Over 100 Employees to Target Asia Market
June 20 (Cointime) - Gemini is planning to expand its team in Singapore to over 100 employees within the next year, as the company targets the Asia market. The Singapore office will serve as the hub for Gemini's APAC operations, which the company believes will drive the next wave of growth for crypto.
BitMEX Co-Founder Arthur Hayes Bullish on Bitcoin Rally Despite US Treasury Dept's TGA Refill
June 20 (Cointime) - According to BitMEX co-founder Arthur Hayes, the impact of the US Treasury Dept issuing treasury bills on the crypto and stock markets is not as significant as expected. He believes that risk assets like Bitcoin will soon start to rally. Hayes has created a custom US dollar liquidity index to track how the TGA refill will affect the US dollar liquidity.
U.K. Parliament Approves Bill to Regulate Crypto as a Financial Activity
June 19 (Cointime) - The UK's upper chamber of Parliament, the House of Lords, has approved the Financial Services and Markets Bill (FSMB), which could recognize crypto as a regulated activity in the country.
Skytopia: Weekly Update (June 15th, 2023)
It's a weekly update that summarizes community activities of Sklytopia.
Binance CEO Praises Netherlands’ Progressive Stance on Crypto Despite Failed Registration
June 19 (Cointime) - Despite Binance's failed registration as a virtual asset service provider (VASP) in the Netherlands, CEO Changpeng Zhao has stated that the country's stance towards crypto remains "pretty progressive." The Dutch Central Bank, De Nederlandsche Bank (DNB), has been criticized for refusing to grant foreign entities licenses to operate in the country, but Zhao urged not to read too much into it.
35% of Family Offices in America Plan to Increase Crypto Investing Despite SEC Hostility
Despite increasing hostility from the Securities and Exchange Commission, family offices and institutions in America plan to continue investing in digital assets, with more than a third of family offices planning to increase their exposure to crypto, according to recent research from UBS. The UBS Global Family Office Report 2023 noted that this investor class was seeing "the biggest shift in strategic asset allocation for several years."
Institutional Investors Want Backing from Traditional Financial Institutions Before Investing in Crypto: Nomura Survey
According to a survey by Nomura's digital asset arm, professional investors are interested in crypto but want to see support from large traditional financial institutions before investing. Regulatory uncertainty in the United States has caused institutional investor interest in crypto to stall.
