Investor interest in digital assets has changed in the past year as crypto prices declined, Morgan Stanley (MS) said in a research report Wednesday. Retail interest in prices levels and volatility has eased while demand for regulated products for traditional financial clients has increased, it said.Following this month’s demise of FTX and sister company Alameda Research, the “market is reassessing the value of all the project tokens issued” and “whether they have been used as assets for leverage,” the note said. Discussions at the bank’s second annual Cryptocurrency vs Traditional Finance even

Upcoming European Union rules known as the Markets in Crypto Assets regulation (MiCA) would have stopped FTX-style mismanagement, officials said on Wednesday – despite lawmaker skepticism over whether the new rules are effective.The crypto exchange’s collapse has led to calls to toughen or bring forward the rules, which require crypto companies to register with the authorities and meet governance standards common in other kinds of regulated financial firms.But the European Commission, which proposes EU legislation, said that the rules – which still won’t take effect for a few years – would hav

Non-fungible token (NFT) and gaming investor Animoca Brands plans to set up a fund worth as much as $2 billion to invest in metaverse businesses, the firm's co-founder Yat Siu said in an interview, Nikkei Asia reported on Wednesday.Siu said that Animoca Brands will unveil the new fund called Animoca Capital with plans to make its first investment next year. The fund's focus "will be everything on digital property rights," he added.The metaverse is a broad term for a conceptualized world where the internet exists as an immersive virtual space that can be used for work, play, socializing, experi

London's High Court has ordered six cryptocurrency exchanges, which includes Binance, Coinbase, Luno and Kraken, to disclose client information to help trace $10.7 million that was stolen from a U.K.-based exchange in 2020, according to a court judgement shared with CoinDesk. The exchange, which remains anonymous as it continues to track stolen funds, managed to trace $1.7 million of the ill-gotten gains after it was hacked in late 2020. The $1.7 million was dispersed across 26 accounts on six off-shore crypto exchanges, all of which are now required to hand over documents under a new UK rul

“FTX is not the first cryptocurrency platform to collapse, nor will it be the last,” said Singapore’s Deputy Prime Minister Lawrence Wong while answering lawmakers' questions about the crypto giant’s rapid failure in early November.The country's parliament put financial regulators and the Ministry of Finance in the hot seat on Wednesday with a series of questions about crypto regulation and the potential impact of FTX’s demise on the broader economy.Since the collapse, the Monetary Authority of Singapore (MAS), which was one of the first in the world to set up a rigorous regulatory regime for

Binance has bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country's Financial Services Agency (FSA), for an undisclosed sum, according to a blog post Wednesday.With the acquisition, the world's largest crypto exchange by trading volume enters the Japanese market, adding it to the now substantial list of countries in which it has some degree of regulatory authorization.Most recently, Binance received authorization as a crypto asset service provider in Cyprus, having previously won similar licenses in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai and Kazakh

GMX appears to be benefitting from the shift away from centralized exchanges to perpetuals-focused decentralized platforms. (Source: Delphi Digital, Token Terminal)Decentralized exchange GMX has evolved as a serious competitor to established industry players like Uniswap in the wake of FTX's collapse.On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap's $1.06 million for the first time on record, according to data tracked by Delphi Digital.The decentralized exchange, which allows users to trade perpetuals or futures with no expiry without an intermediary using smart contrac

The Fantom Foundation revealed via Twitter on Tuesday that it has integrated with Ledger Live. Thanks to this latest development, users can now send, receive and view their FTM directly through the Ledger Live app. In addition to Fantom, Ledger Live has added support for a few other tokens, including Cronos (CRO), Moonbeam (GLMR), and Songbird (SGB). Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger.

The Polygon team announced via a blog post on Tuesday that Phantom, a leading non-custodial crypto wallet, is adding browser, iOS, and Android support for the Polygon network. The team added that Phantom is now launching on Polygon and Ethereum to provide a broad swath of users across Web3 with a simple, secure, and seamless wallet experience for interacting with NFTs and decentralized applications. The private multi-chain beta is set to go live in the coming weeks, with a public launch soon after, Polygon added. Polygon (previously Matic Network) is the first well-structured, easy-to-use plat

The Celer Network announced via Twitter on Tuesday that it had entered a strategic partnership with Nym. Nym is a privacy project building infrastructure on the network level to prevent data leakage. The partnership is to support the bridging of NYM tokens between Ethereum and BNBCHAIN. Celer Network is an interoperability platform that supports cross-chain fund transfers and generic message passing.