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The Industry Talk section swap features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. New presale project RobotEra has now smashed past the landmark figure of $150,000 in 10 days as investors rush to buy its native TARO token despite the chaos in the wider crypto market. The project combines play-to-earn gaming, NFT ownership and metaverse world-building to allow players to generate active and passive income in various ways. TARO tokens remain in stage 1 of the presale and are currently available to buy for $0.02 each - making it a top pick for the best cryptos to buy now. Visit RobotEra Presale Now What is RobotEra? RobotEra is a new LBank Labs GameFi project that will allow players to generate rewards in a number of ways. Players are tasked with rebuilding the planet Taro, which was destroyed after a cataclysmic event - players mint Robot NFTs and buy metaverse plots of land to achieve this. RobotEra players can earn by going on q...

Exchange staked fund providers are busy working towards submitting applications to launch retail-oriented crypto futures ETFs after the local regulator announced it would open the door to such products. Being among the first to list a retail crypto futures ETF on the local bourse will be particularly critical to the success of the product, given the narrow range of permissible underlying assets outlined in a Securities and Futures Commission circular, experts said. The announcement created “a lot of interest, a lot of noise”, according to Rocky Mui, Hong Kong-based partner at legal firm Clifford Chance who has worked closely with issuers in the ETF industry. Richard Douglas, Hong Kong chief executive of Saxo Markets, said his company had a wide range of third-party crypto exchange traded products available to professional investors and it hoped to be able to offer a number of these to Hong Kong retail investors. This article was previously published by Ignites Asia, a title owned ...

Genesis Trading has launchpad halted withdrawals at its lending unit as the crypto financial services group blamed the “unprecedented market turmoil” sparked by the collapse of Sam Bankman-Fried’s FTX. Genesis, which plays a key role in digital asset fixed income markets, said its decision to suspend redemptions and new loan originations followed “abnormal withdrawal requests which have exceeded our current liquidity”. The troubles at Genesis are the latest sign that the failure of Bankman-Fried’s FTX crypto exchange and Alameda Research, his trading firm, is sending shockwaves across the crypto industry. On Wednesday, the US House of Representatives financial services committee announced a hearing into the collapse of FTX and its impact on the crypto market. New York-based Genesis allows clients to lend out their coins in exchange for yields of as much as 10 per cent, while also providing similar services for groups including exchanges operator Gemini, which is run by twins ...

 Please use the crypto sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. Following the spectacular failure of crypto exchange FTX International, crypto there have been renewed calls for crypto legislation (including from the industry itself). But many of the proposals so far would be worse than the status quo — at least for the general public. Crypto firms such as FTX were involved in drafting many of the mooted US bills. The exchange’s implosion should not become a pretext for rushing these into law. It is unfortunately true that many of FTX’s users have suffered mightily. The good news, though, is that the broader economy hasn’t suffered as a result of its failure (the economic fallout fro...

    The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules Mairead McGuinness, the European Commission’s commissioner for financial services, talked about cryptocurrency regulation in an interview with the Financial Times, published Tuesday. Referencing the Markets in Crypto -Assets (MiCA) bill that will provide a regulatory framework for crypto across countries in the European Union, she stressed that any regulation imposed on the crypto industry would need to be global in order to work. The commissioner elaborated: We do need to see other players also legislating … perhaps differently, but with the same objective . . . We need to look at global regulation of crypto. McGuinness urged U....

   PRESS RELEASE.  The global leader in providing liquidity and technology for a wide variety of financial markets, B2Broker, is pleased to announce updated pricing policies for its three flagship products –  B2Core ,   MarksMan ,   and   B2Trader . All package prices have been lowered to give more businesses access to the best products on the market. This step represents the company’s commitment to providing only the best services and products that can satisfy the greatest needs of traders and brokerage firms. Thank you for being with us! Changes in Fees B2Trader, MarksMan, and B2Core customers are no longer subject to setup fees as any set-up fees for these three products crypto have been removed. Customers will be able to save significant amounts of money by switching to B2Trader and MarksMan since they will not have to pay $25,000 and $2000, respectively, for installation. Aside from that, the elimination of setup fees will facilitate customers’ a...