How the Crypto Industry Seesaws Between Assets and Infrastructure

Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage. The adoption of digital assets in traditional legacy systems is moving fast. In the middle of the year, the digital asset custody industry saw welcome developments when the Office of the Comptroller of the Currency officially announced that all nationally chartered banks in the United States can provide custody services for cryptocurrencies.The move, while positive for the ecosystem, is yet to be accompanied by a rigorous assessment of its....

NFT Tech, an upcoming infrastructure provider for the non-fungible token industry, has recently announced it is forming a strategic collaboration with DigiCol,  a one-click NFT marketplace, to engineer the next generation of NFT infrastructure. Both platforms have established a name in the industry for providing a streamlined experience for artists, collectors, and the crypto-curious. The […]

With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions over the invasion of Ukraine, Russia has been turning its attention to cryptocurrencies while concerns in the West are growing that the country may use them to circumvent financial restrictions. The....

Recently, there’s been much regulatory activity around crypto; anyone whose business deals with digital assets will need to pay attention. The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and Exchange Commission is seeking new authorities to regulate digital assets as securities; and the Senate-passed infrastructure bill includes $28 billion in tax revenues from crypto transactions.This last....

Assuming a fix for its troublesome language, the bill might eventually prove a boon — another sign “digital assets are here to stay.” Back in August, there were some dire warnings about what the Biden Administration’s proposed infrastructure bill might do to the cryptocurrency and blockchain sector by driving crypto miners out of the United States, crippling America's leadership role, etc. In response, the crypto industry mobilized a full-court-lobbying press on lawmakers. However, it was too late to excise the troubling digital-asset language, and, in November, the infrastructure bill was....