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Chinese Bank Partially Owned by the Government Invests in Nervos STO
The Nervos Network security token offering (STO) has aimed to start on Oct. 16, to raise an undisclosed amount within two weeks via the CoinList platform.
Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?
On a forum, the Chief Development Officer of HKbitEX said that she hoped the company would issue its first security token offering (STO) project in 2021.
SEC Makes ICO Token Sales More Inclusive, Not Enough For SEC Commissioner Hester Peirce
The US SEC has modernized their definition of an 'accredited investor' to consider not just an individual’s wealth, but their education.
South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities
South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.
Has Judgement Finally Come for 2017 ICOs? Class Action Lawsuits Name Binance, BitMEX and Block.One Among Host of Crypto Defendants
Crypto Giants Binance, BitMEX, along with Executives CZ, Arthur Hayes Named Among Defendants in 11 Class Action Suits For Violating Securities Laws.
Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares
After a court ruling, a temporary restraining order has been issued against Ripple limiting its XRP sales.
Hong Kong is a Step Closer to Legalizing Retail Crypto Trading - Report
New reports show the speculations that Hong Kong might permit retail crypto trading may be true
Russia Mulling the Idea to Build a Crypto Platform on the Moscow Stock Exchange
Russian lawmakers are mulling the idea that the government could create a cryptocurrency trading platform that will be an offshoot of the Moscow Stock Exchange.
TikTok and WeChat Get Banned From United States App Stores
From Sunday, TikTok and WeChat will no longer be available for download in United States App stores.
US Judge Blocks Trump Administration’s Ban on TikTok Downloads
A federal US judge granted an injunction request against the Trump Administration’s order to ban TikTok downloads across all US app stores.
Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services
Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services.
The Bank of Russia Wants Strict Limits for Non-Professional Russian Crypto Investors
Russia has published a proposal that sets strict limits on the amounts of digital assets acquired by non-professionals investors in a year.
The Philippine Stock Exchange To Consider Launching Crypto Exchange
The Philippine Stock Exchange (PSE) will plan to launch a platform for legally trading cryptocurrencies in the country. It is currently waiting for the SEC and other regulatory agencies to issue relevant encryption trading guidelines.
German Banks Authorized for Crypto Custody and Sales in 2020
In 2020, German banks will be legislatively authorized to sell and provide custody of cryptocurrencies as reported by German newspaper Handelsblatt.
Coinbase Becomes First Custodian to Pass Two Major Security Evaluations
Coinbase Custody has become the first cryptocurrency custodian to obtain bot SOC 1 Type 2 and SOC 2 Type 2 evaluations.
U.S. Blockchain-organisation BBA Publishes Crypto Toolkit Guidelines for Regulatory Consideration
The Boston Blockchain Association (BBA) has published a toolkit that will guide Massachusetts lawmakers in their efforts to create crypto laws.
Estonia to Strengthen Supervision of Virtual Asset Service Providers
Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers.
US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers
The US Office of the Comptroller of the Currency (OCC) has announced that states and national banks and federal savings associations can provide crypto custody services to customers.
Crypto Leaders Praise United States SEC Inclusive Accredited Investor Definition, Some Think Its Not Enough
Is the SEC's new accredited investor rule inclusive enough? Crypto industry leaders debate.
US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities
The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July.
Estonia Revokes 500 Crypto Business Licenses in a Move Against Illegal Money Laundering Activities
Estonian authorities have recently revoked licenses from 500 crypto firms, and consequently tightened market regulations within the crypto sector.
Singapore’s Financial Regulator Puts Binance On Investor Alert List
The Monetary Authority of Singapore (MAS) has placed Binance exchange on investor alert list, a measure that aims to tell consumers that the exchange is not authorized to offer trading services in the country.
Russia’s Central Bank Orders Local Stock Exchanges to Avoid Listing Crypto-Related Funds
The Bank of Russia has instructed local stock exchanges not to list any cryptocurrency services to firms.
Is the Crypto Market about to Burst? Mark Cuban Compares Crypto Downtrend to Internet Stock Bubble
Shark Tank investor Mark Cuban says that the current crypto market is similar to the internet stock bubble of 1990 but that BTC and ETH will thrive regardless.
Apollo Teams Up With Anchorage to Expand its Product Offering
Apollo Global Manage and Anchorage have partnered to expand the former's crypto products
Ripple Is Planning to Go Public, Says SBI CEO
SBI Group, one of Ripple's main shareholders, revealed that Ripple is still considering going public once its lawsuit with the SEC is settled.
Japan’s Nomura Research Institute Considers Introducing a New Cryptocurrency Index
Cryptocurrency investment solution provider Intelligence Unit (IU) announced a partnership with Japanese-based consulting company Nomura Research Institute (NRI) to introduce a new cryptocurrency index, popularly known as IU/NRI Crypto-Asset Index.
SEC New Accredited Investor Definition Could Increase Access to Certain Crypto-Related Products
The United States Securities and Exchange Commission (SEC) is looking to allow more individuals and entities to participate in private capital markets.
Washington Developer Harbor Custom Development to Accept Payments in Crypto
Real estate investors in Washington will have more options by paying cryptocurrencies, as the Washington-based Harbor Custom Development Inc is launching the service by the end of January.
Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund
Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.
Mina Stones to Propel Ethical Mining in Africa via Credits Blockchain
Mina Stones, a pioneer of Handcrafted African Fine Jewelry, seeks to avert the unethical mining problem in Africa by using Credits blockchain to alter the present gemstones supply chain.
Cryptocurrencies Added to the List of Top Threats to Investors by Texas Security Board
According to the latest Texas Investors Guide, Texas regulators have added cryptocurrencies to the list of top threats to investors. In an edition of the states Securities Board's “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulatory body included cryptocurrencies to the list of investments with potential red flags. The report described cryptocurrencies as extraordinarily volatile and challenging to grasp for people who are not professional traders.
The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service
FV (Fintech Ventures) Bank, a global financial entity registered in the U.S. territory of Puerto Rico, has launched a digital-asset custody service for seamless safeguarding and interoperability of crypto and fiat.
Telegram Tells US Investors to Leave TON Blockchain Project and Take 72% Refund
Telegram now says US investors won’t get 110% refund and tells them to leave its blockchain TON project.
Institutional Investors Pump $429 Million Into Crypto as Bitcoin Steals the Show
In the past one week, institutional investors pumped a whopping $429 million into crypto funds and products, with GrayScale taking the bulk at $336.3 million.
PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry
PayPal may be looking to penetrate the market further following its recent crypto payments announcement, rumors indicate the firm may buy digital asset custodian BitGo.
Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients
With its operations based in Dublin, Ireland, Coinbase Custody launched its institutional-grade crypto asset storage service to clients in Europe. The cryptocurrency exchange launched Coinbase Custody in 2017 for institutional clients such as hedge funds and family offices. Its assets under management have over $7 billion in cryptocurrency assets, with its acquisition of Xapo’s institutional custody business in August 2019.
Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.
IKEA Permits Invoice-Payment through Ethereum Blockchain
IKEA recently permitted an invoice to be paid from Nordic Strore through the Ethereum blockchain.
US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief
Nine members of the US Congress advocated for the benefits of leveraging blockchain technology to counter the crisis brought upon by COVID-19.
Bitwise Offers Actively Managed Strategies to Institutional Investors
Crypto asset manager Bitwise designed actively managed funds to meet the needs of institutional investors, including wealth managers.
tZERO Partners With Alliance Investments to Tokenize $25M Real Estate Project in UK
tZERO has announced that it has collaborated with Alliance Investments for the sole aim of tokenising River Plaza worth around $25 million.
Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies
With the readiness of government-backed Swiss bank, bank Basler Kantonalbank (BKB) to offer crypto custodial services, the financial service sector is an inch closer to driving mainstream adoption of blockchain technology
40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody
Many German banks have filed a request to introduce a digital asset custody business. Germany’s Federal Financial Supervisory Authority, popularly identified as BaFin, has received over 40 applications from German banks interested in offering crypto custody services.
Why Crypto Exchanges Must Reinvent Themselves to Stay Relevant or Else Face Extinction
As the industry matures, crypto exchanges must face up to higher responsibilities. Crypto market is becoming to mirror that of traditional markets. Cryptocurrency exchanges, therefore, must reinvent themselves to maintain their relevance.
KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security
One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing.
New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?
Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources.
South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come
The largest bank in South Korea, KB Kookmin Bank has revealed its filing of a trademark application for KB Digital Asset Custody (KBDAC), its crypto custody service.
China is Expecting its First-Ever Blockchain Exchange-Traded Fund
Shenzhen is expecting its nation’s first exchange-traded fund (ETF) that will track blockchain-themed stocks as underlying assets.
Coinbase Censored By Apple
Some features within the Coinbase app have been restricted for IOS users, sparking further discontent about the ‘pay-to-play’ model adopted by Apple.
Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX
GMEX acquired Pyctor from ING to expand its digital assets trading offering services and to fulfil growing demands from banks, asset management firms and other institutions.
Crypto.com to bring Crypto to Formula 1 through Partnership with Aston Martin
Crypto.com is the first cryptocurrency platform to announce a partnership with an F1 team. The crypto exchange has secured a multi-year sponsorship deal with Aston Martin.
German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients
German Stock Exchange Boerse Stuttgart has made an announcement that its subsidiary Blocknox is expanding its crypto custody service to institutional players.
DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses
DAG Global, a UK financial services company, aims to set a precedent by gaining a UK banking license to close the void between banks and crypto businesses. It intends to become the nation’s first bank to support cryptocurrency businesses.
Tesla's Biggest Drop Indicates a Stock Market Downtrend—Implications for the Bitcoin and Crypto Market
Yesterday, Tesla stocks plunged dramatically, suffering their biggest loss since going public.
Worldcoin (WLD) Advances Privacy with Personal Custody for Iris-Scanned IDs
Worldcoin introduces Personal Custody, enhancing user control over biometric data generated via iris-scanning orbs for secure ID verification.
Israeli Securities Regulator Seeks Crypto Legal Framework
ISA proposes digital asset regulation. Over 150 firms operate in Israel, and more investors are exposed to digital assets. Over the years, the authority has formed many committees to control cryptocurrency supply and encourage digital markets. It also requires digital asset issuers to publish a prospectus-like document before issuance or trade. After Israel's top economist urged for a more comprehensive regulatory framework to align trading platforms and crypto issuers.
US Lawmaker Mike Collins' $65K Ethereum Investments: Navigating Ethics and Market Dynamics
Rep. Mike Collins discloses purchasing up to $65,000 in Ethereum in early 2024, amid market surges and political events. His actions, while legal under the STOCK Act, raise questions about ethical implications and the need for stricter regulations in lawmakers' digital asset investments.
Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case
Taiwanese singer Chen Lingjiu faces fraud case involving JPEX, highlighting potential pitfalls of celebrity endorsements in cryptocurrency investments and the need for robust regulatory measures.
Unstoppable Domains Partners with Fantom to Make Crypto Transactions Easier
To eliminate the pain points associated with crypto like misunderstanding, trepidation, and fear, Unstoppable Domains has collaborated with Fantom to make transactions simpler and easier.
US Crypto Holders Trust Banks and Exchanges for Custody
A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to trust intermediaries for holding crypto assets. The survey also found an increasing desire among consumers to purchase Bitcoin and other digital assets from traditional banks, presenting a significant untapped opportunity for banks to expand their offerings.
Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery
Bakkt Holdings forecasts a substantial revenue increase and a 70% decline in operating cash flow usage for FY 2024, following a robust year of strategic advancements.
Binance NFT Ceases Support for Bitcoin NFTs
Binance NFT discontinues Bitcoin NFT trades and deposits, advises withdrawals by deadline, and details distribution of Runestone NFTs and tokens.
US Fed denies Custodia Bank membership over crypto concerns
The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.
1inch Network Launches New Hardware Wallet
1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.
Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023
Effective from 2023-08-25 at 03:00 (UTC), the following spot pairs will no longer be available for trading on the platform: ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, and STORJ/BUSD.
DeStore Highlights Success with Astar(ASTR) dApp Staking Program
DeStore shares insights on Astar's dApp staking program and the future of tokenized assets.
Filecoin (FIL) Integrates with CryptoEternalAI to Enhance Decentralized AI
Filecoin (FIL) partners with CryptoEternalAI to boost decentralized AI capabilities.
NVIDIA (NVDA) Schedules Annual Stockholder Meeting for June 26, 2024
NVIDIA's 2024 Annual Stockholder Meeting will be held online on June 26, 2024.
Veronica Miller's Journey from Eritrean Refugee to NVIDIA Technical Program Manager
Veronica Miller, an Eritrean refugee, now thrives as a Technical Program Manager at NVIDIA.
BTFS V3.0 (Heisenberg) Launches with Enhanced Security and Efficiency
BTFS V3.0 (Heisenberg) introduces innovative features to improve network security, user experience, and operational efficiency, according to BitTorrent Inc.
HKMA Releases Q1 2024 Statistics on Stored Value Facilities Schemes
The Hong Kong Monetary Authority (HKMA) published its Q1 2024 statistics on Stored Value Facilities (SVF) schemes, revealing significant growth in SVF accounts and transaction values.
Copper Introduces Custody and Staking Solutions for SUI
Copper's latest move offers secure custody and staking services for SUI, targeting institutional investors.
Post-Halving Crypto Market Sentiment: Mixed Reactions Among Investors
A recent survey reveals a divided crypto market sentiment two months after the Bitcoin Halving, with nearly half of the participants remaining bullish.
Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program
Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship.
UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement
UneeQ is transforming customer interactions using AI-powered digital humans, enhancing realism and engagement with NVIDIA ACE technology.
BNB Chain Introduces Multi-Datastore Solution for BSC Geth
BNB Chain announces a multi-datastore solution for BSC Geth to improve performance and scalability of blockchain data storage.
Binance to Support Shentu (CTK) and Rootstock Infrastructure Framework (RIF) Network Upgrades
Binance announces support for Shentu (CTK) and Rootstock Infrastructure Framework (RIF) network upgrades and hard forks. Deposits and withdrawals will be temporarily suspended.
NVIDIA and DDN Collaborate to Enhance AI Infrastructure with BlueField-3 DPU Integration
NVIDIA and DDN Storage's integration of BlueField-3 DPUs promises to revolutionize AI infrastructure with improved efficiency, scalability, and security.
Shutterstock and Getty Images Enhance Creative Services with NVIDIA-Powered Generative AI
Shutterstock and Getty Images launch new AI-powered creative tools, leveraging NVIDIA's Edify architecture to boost productivity and quality.
Storacha: Revolutionizing Decentralized Hot Data Storage
Storacha introduces a cutting-edge, decentralized hot storage network, transforming web3.storage. Learn how it works and its impact on the decentralized internet.
Enhancing Customer Understanding with Speech AI: The Role of Conversation Intelligence
Discover how Speech AI models are revolutionizing customer service by providing better insights through conversation intelligence platforms.
FIL-B: New Catalyst for On-Chain Projects on Filecoin (FIL)
FIL-B introduces a public goods DX team to support builders on Filecoin (FIL), aiming to enhance the developer experience and community growth.
The Strategic Importance of Customer Success Teams in AI Product Implementation
Discover how technical customer success and support teams play a critical role in winning and retaining customers, especially in the AI industry.
Cybercrime on the Rise: 2024 Mid-Year Crypto Crime Report Highlights
Chainalysis reports a 20% drop in overall crypto crime in 2024, but stolen funds and ransomware incidents are surging.
a16z Crypto Leads $80M Series B for Story Protocol to Protect Creator Rights
a16z crypto announces an $80M Series B funding for Story Protocol, a blockchain solution to protect creator rights in the AI era.
Sui Implements Shared Custody Model for Enhanced Decentralized Finance
Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications.
Filecoin (FIL) and Storacha Enhance Decentralized Hot Storage Solutions
Storacha partners with Filecoin (FIL) to revolutionize decentralized hot storage using Proof of Data Possession (PDP), ensuring secure, accessible data with top-tier availability and durability.
BNB Chain and SingularityNET (AGIX) Forge Alliance to Transform Decentralized Data Economy
BNB Chain and SingularityNET (AGIX) Foundation announce a strategic partnership to enhance decentralized storage and AI integration.
Christopher Wilson Delivers Keynote at GIR Live Asia-Pacific Investigations Summit 2024
Christopher Wilson addresses critical issues in financial investigations at the GIR Live: Asia-Pacific Investigations Summit 2024.
AI Revolutionizes Customer Service Across Multiple Industries
AI-powered customer service tools are transforming industries by enhancing agent productivity, automating interactions, and improving customer satisfaction.
Canaan Inc. to Join 4th Annual Needham Virtual Crypto Conference
Canaan Inc. (NASDAQ: CAN) will participate in the 4th Annual Needham Virtual Crypto Conference on September 5, 2024, featuring a presentation and investor meetings.
Filecoin (FIL) Surpasses 4 Million Blocks and Introduces Fast Finality
Filecoin (FIL) reaches over 4 million blocks, introduces Fast Finality, and collaborates with Storacha for enhanced decentralized storage.
Render Network Integrates Dropbox and AWS S3 for Enhanced Cloud Storage
Render Network announces new integrations with Dropbox and AWS S3, streamlining workflows for artists and studios.
SFC Restricts Kingston Securities to Freeze Client Account Amid Corporate Misconduct Probe
The SFC has issued a restriction notice to Kingston Securities Limited to freeze a client account over suspected corporate misconduct.
SFC Facilitates Distribution of Research Reports for Eligible ETFs under Stock Connect
The SFC announced new arrangements to ease the distribution of research reports for eligible ETFs under the Stock Connect program.
BTFS Protocol V3.1.0 Beta Released with Enhanced Security Features
BitTorrent Inc. launches BTFS Protocol V3.1.0 Beta, featuring improved security and streamlined user experience.
Filecoin (FIL) Surpasses 4 Million Blocks and Announces Major Developments
Filecoin (FIL) reaches new milestones with over 4 million blocks, introduces DeStor S3 Cloud Solutions, and announces upcoming events and partnerships.
NVIDIA Introduces Digital Human Interface Blueprint for AI Applications
NVIDIA unveils the NIM Agent Blueprint, enabling the development of digital human interfaces for AI applications, enhancing customer service with human-like interactions.
Destor Expands Decentralized Cloud With S3 Solutions and Strategic Partnerships
Destor introduces S3 Cloud Solutions powered by Filecoin (FIL), partnering with DCENT, Future Tech Holdings, Akave, and Seal Storage to revolutionize decentralized storage.
Filecoin (FIL) Expands Horizons with New Collaborations and Initiatives
Filecoin (FIL) announces a series of strategic partnerships and initiatives, including decentralized storage solutions and hackathons, signaling significant growth in its ecosystem.
Robinhood Schedules Inaugural Investor Day for December 2024
Robinhood plans its first Investor Day on December 4, 2024, in New York City, aiming to share its future vision and engage with investors.
Leveraging NVIDIA NIM Agent Blueprint for AI Virtual Assistants in Customer Service
Explore how NVIDIA's NIM Agent Blueprint is transforming AI virtual assistants in customer service, enhancing efficiency, accuracy, and personalization across industries.
BNB Chronicle: Enhancing Data Storage on BNB Chain
Discover how BNB Chronicle, built on BNB Greenfield, addresses data storage challenges on the BNB Chain by ensuring long-term data availability in a decentralized manner.
Filecoin (FIL) Advances with New L2 Solutions and Strategic Integrations
Filecoin (FIL) is expanding its ecosystem with new L2 solutions like Akave and Storacha, securing major funding and launching innovative networks to enhance decentralized data storage.
Hex Trust Enhances Custody and Trading Services for Injective (INJ)
Hex Trust expands its custody, staking, and trading services to the Injective (INJ)ecosystem, strengthening its role as a validator and supporting institutional investors.
Analyzing Stablecoins: Insights from Banking History
Explore the evolution and challenges of stablecoins through the lens of banking history. Understand their design, risks, and future in the financial ecosystem.
Hong Kong's Investment Summit Concludes with Global Insights
The Global Financial Leaders’ Investment Summit in Hong Kong, organized by HKMA, SFC, and AoF, concluded with valuable insights from over 20 global investors on investment strategies and market trends.
Revolutionizing Customer Service: AI Agents Enhance Efficiency and Personalization
Discover how AI agents are transforming customer service by automating routine tasks, allowing human agents to focus on complex issues, and boosting customer satisfaction.
Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge
As crypto ETFs gain SEC approval, Coinbase Custody emerges as the trusted custodian for digital assets, leveraging advanced security and regulatory compliance.
Norwegian Block Exchange to Set Stage for Landmark Cryptocurrency Listing on Euronext Stock Exchange
Norwegian Block Exchange (NBX) announced on December 3 that it applied for listing shares on the pan-European stock exchange, Euronext N.V.
Swiss Retail Bank to Offer Cryptocurrency Services
PostFinance has partnered with Sygnum to offer customers cryptocurrency trading and storage services, including Bitcoin and Ether.
Investors Rally to Support Silicon Valley Bank Amidst Possible Closure
Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in an effort to cushion the impact of the bank's possible closure and limit the fallout on tech companies that rely on SVB for funding and banking services.
Former CEO of Overstock Patrick Byrne Charged for Security Fraud
Former CEO of overstock.com, Patrick Byrne and former CFO Greg Iverson have been charged for securities fraud regarding the payout of dividends.
Ark Invest continues to buy Coinbase shares
Ark Invest has invested roughly $30 million on Coinbase stock in 2023 while selling Grayscale Bitcoin Trust.
Sushi Launches on Filecoin, Expanding Decentralized Exchange Services
Sushi, a prominent decentralized exchange, is now integrated on Filecoin, enhancing its cross-chain capabilities and launching a special NFT to commemorate the collaboration.
US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval
US Bitcoin Corp has secured court approval for its merger with Hut 8 Mining Corp, marking a significant step towards managing its assets and listing on Nasdaq and the Toronto Stock Exchange.
Silvergate Capital Corp. is the second-most-shorted stock
Silvergate Capital Corp., a crypto bank, has seen its shares fall 87% in the last year, but speculators believe it has further downside.
SEC in Advanced Talks with Asset Managers for Spot Bitcoin ETF: BlackRock in the Spotlight
The U.S. SEC is in advanced discussions with BlackRock on a spot Bitcoin ETF, marking a significant moment in cryptocurrency's mainstream adoption.
Singapore Regulators and Banks Develop Crypto Customer Screening Standards
Singapore's monetary authority and police forces are collaborating with traditional banks to optimize their procedures for opening accounts for digital asset service providers. After six months, results and conclusions for risk management and due diligence will be published. The guidelines will cover stablecoins, NFTs, and transferable gaming or streaming credits, with banks reserving the right to make decisions based on their own risk assessment.
GameStop Sacks CFO, Lays Off Multiple Employees in A Fresh Turnaround Plan
GameStop has laid off several employees in the middle of a turnaround plan aimed to help the firm to cut down on costs and grow profit.
Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals
Trust Wallet has partnered with Ramp and MoonPay to offer seamless crypto-to-fiat withdrawals for its users. The feature allows Trust Wallet users to convert crypto to fiat directly within the app, eliminating the need for transferring funds to a centralized wallet. This development comes at a time when centralized exchanges and P2P platforms are shutting down.
VP Bank Partners with Metaco for Digital Asset Custody Services
VP Bank has teamed up with Metaco to enhance its digital asset custody and tokenization operations. The partnership will allow VP Bank to leverage Metaco's Harmonize platform for asset minting, burning, and storage.
CITD and XBE Pioneer Innovation with Launch of World's First DOT Standard 3+2 STO and NSTO
China Information Technology Development Limited (CITD) and Xtreme Business Enterprises (XBE) have announced the successful launch of the world's first Digital Ownership Token (DOT) Standard 3+2 Security Token Offering (STO) and Non-Security Token Offering (NSTO).
Vitalik Buterin Announces Ethereum's Upcoming Milestones: Verkle Trees and History Expiry
Ethereum's network takes a major leap in scalability with the completion of the "Basic rollup scaling" milestone, paving the way for verkle trees and history expiry.
46% of American Crypto Investors Says it Has Done More Worse than Good - Report
Investing in the digital currency ecosystem has earned many of the early comers a fortune but the narrative is changing for those embracing the nascent industry now. According to a recent survey from the Pew Research Center, as many as 16% of US adults have invested in cryptocurrencies, particularly the top two coins, Bitcoin (BTC) and Ethereum (ETH)
No Plans to Launch Crypto Platform Yet: Nasdaq
Nasdaq plans to wait for further clarity in terms of crypto adoption globally, the company’s executive vice president and head of North American markets said.
SEC Commissioner Hester Peirce Speaks Up on Controversial Penny Stock Bars
SEC Commissioner Hester Peirce has expressed her dissenting stance on the Commission's latest decision to impose permanent penny stock bars on four respondents involved in adjudication matters. This sentiment was publicized in her tweet on June 28, along with a link to an official statement explaining her position.
Report: TON and Telegram Forge Alliance in Q3 2023
The TON Ecosystem saw substantial growth and strategic alliances in Q3 2023. Notable highlights include a collaborative venture with Telegram, set to roll out the self-custodial wallet, TON Space, to Telegram's 800 million users, and a steady increase in TON accounts and on-chain active wallets. Various community initiatives and developer-centric events further illustrated TON's commitment to fostering a robust ecosystem, setting a solid foundation for its expansive vision in the crypto landscape.
Fidelity Set to Hire 100 Employees to Strengthen its Crypto Firm
Fidelity Digital Assets, the asset management Behemoth Fidelity's cryptocurrency division, has disclosed its plans to hire 100 new employees in the next six months to strengthen its workforce
US Regulator Crypto Custody Proposal Opposed
The US SEC's proposal to amend its custody rule has faced opposition from the Blockchain Association and Andreessen Horowitz, who have filed letters criticising the rule's impact on investment advisers and its potential to curtail investment in digital assets. The SEC's proposal would apply more stringent rules on investment advisers in the custody of assets, including crypto.
Binance's New Blockchain Platform Aims to Build Web3 Infrastructure
BNB Chain stores storage metadata, while third-party storage providers store data.
Robinhood to Roll Out New Features for Dogecoin and Other Cryptocurrencies as GameStop Hearing Looms
Robinhood announced its intention to implement cryptocurrency deposits and withdrawals.
Grayscale's Court Victory Influences SEC's Landmark Approval of Bitcoin ETFs
The U.S. SEC, under Chair Gary Gensler, has approved several spot Bitcoin ETFs, a significant regulatory shift influenced by a court victory by Grayscale. This decision marks a new era in cryptocurrency regulation, signaling greater acceptance and potential mainstream adoption of digital assets.
Portland Trail Blazers Pairs with StormX as the First NBA Crypto Jersey Patch Partner
Cryptocurrency platform StormX announced that the company will conduct a jersey patch advertising transaction with Portland Trail Blazers.
DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens
Since regulators consider crypto coins to be ill-suited for retail consumers, DBS bank said that it will not offer such products to retail-banking clients any time soon.
Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem
Zodia Custody has partnered with Parity Technologies to enhance institutional access to the Polkadot ecosystem, a pioneering blockspace network. The partnership will provide custody services, staking DOT, and bridging the gap between traditional finance and digital assets. Zodia Custody will also support the ecosystem's sustained evolution through research and development, promoting global initiatives associated with Parity and Polkadot.
Argo Blockchain regains stock listing compliance with Nasdaq
Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovered.
Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End
Ripple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.
Getty Images Introduce Generative AI iStock to Revolutionize Visual Content Creation
Getty Images' new tool, Generative AI by iStock, powered by NVIDIA Picasso, revolutionizes visual content creation for marketing, offering legally safe, affordable, and versatile AI-generated visuals.
U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum
The Houston Firefighters' Relief and Retirement Fund, which manages nearly $5.5 billion in assets, announced that it has invested in cryptocurrencies.
Silvergate Bank Suspends Dividend Payments to Preserve Liquidity
Silvergate's board "shall re-evaluate the payment of quarterly dividends as market circumstances change."
US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.
Superstate Gains $14m in Series A Led by Distributed Global and CoinFund
Superstate, an innovative asset management firm, has secured a $14 million Series A financing round, aiming to expand its team and launch private funds for institutional investors.
SPAC CFO Sentenced to Prison for Embezzling $5M
Cooper Morgenthau, former CFO of African Gold Acquisition Corporation, was sentenced to three years in prison for embezzling $5 million from three different SPACs. Morgenthau used the embezzled funds to trade cryptocurrencies and meme stocks, losing almost all of the money. He then provided falsified documents to the company’s accountants and raised $4.7 million from private investors based on fraudulent claims. Morgenthau has been ordered to forfeit $5.1 million and pay restitution of the same amount.
German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme
Horst Jicha, founder of USI Tech, has been charged with defrauding investors of $150 million in a fraudulent crypto scheme, marking a significant development in regulatory action against crypto-related crimes.
Defi Wallet Unstoppable Finance Raises $12.8M in Series A Fund
Berlin-based Unstoppable Finance has announced a €12.5 million ($12.8 million) Series A round led by Lightspeed Venture Partners.
OKX Joins Forces with Solana Mobile
OKX has partnered with Solana Mobile to integrate its Web3 solutions into the dApp store on the Solana Saga smartphone. This partnership aims to enhance mobile access to Web3 and broaden everyday accessibility to decentralized applications and services.
Bitcoin Rebounds, Despite Bearish Confidence among Institutional Investors
Bitcoin’s price rebounded slightly, which has increased by 24.15% over the past week. However, the institutional sentiment remains bearish.
Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations
Singapore's MAS has blacklisted ImToken, a crypto wallet provider, for lack of a financial license, citing its role as a decentralized, self-custodial wallet for investor protection and market stability.
InfStones aims to simplify ETH staking through Shappella upgrade
InfStones is offering a new Ethereum validator service that allows users to launch validator nodes for staking with just a few clicks. The platform is targeting both users and institutional investors by providing a simpler way to stake their tokens, with the added benefit of being able to stake less than 32 ETH after the Shappella upgrade. However, there has been a slight decline in Ethereum staking deposits due to regulatory pressure and the upcoming upgrade.
Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.
LSE Set to Launch Bitcoin and Ethereum ETNs
LSE readies for Bitcoin & Ethereum ETN listings in Q2 2024, aligning with FCA's updated crypto stance, signaling a landmark for regulated crypto investments.
Alpaca Debuts Private Equity Real Estate
Alpaca, a New York-based alternative investment firm, has launched a private equity real estate platform, Alpaca Real Estate (ARE), led by Daniel Carr and Peter Weiss. The platform, with significant backing from GCM Grosvenor, aims to leverage technology and operational strategies to enhance real estate investment returns amid current market dislocations.
UAE Crypto Insights: 72% Investors Lean Towards Bitcoin
The UAE's crypto investors, according to a survey by KuCoin, are overwhelmingly in favor of Bitcoin, highlighting the need for trust, security, and crypto education, as well as a keen interest in blockchain and AI integration, indicating the country's potential as a crypto hub.
Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations
Blockstream has officially launched Greenlight, a Lightning-as-a-Service (LaaS) solution, aimed at alleviating the operational challenges of managing Lightning network nodes while enhancing security. The service, revealed in June and launched on October 12, 2023, allows developers to retain key control, reducing risks and freeing up essential resources for core business operations. Greenlight offers a blend of convenience and self-custody, making it a noteworthy advancement in the blockchain and Lightning network domain.
Ex-CFTC Boss Christopher Giancarlo Joins CoinFund as Advisor
Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC) has joined CoinFund as a strategic advisor.
Uniswap's Front-End Fees Surpass $1 Million
Uniswap's front-end fees exceed $1 million in 24 days, contributing 17.4% to its total fees, with an estimated annual revenue of $15.2 million.
GameStop's NFT Marketplace is Out in Beta
GameStop's NFT marketplace is out in beta and integrated with the Ethereum Layer 2 zkRollup protocol, Loopring (LRC).
ARK Invest Buys Record Amount of Coinbase Stock, Despite Market Volatility
Despite recent market volatility, Cathie Wood’s investment manager ARK Invest has made a record purchase of Coinbase stock, along with significant investments in Robinhood. The move confirms ARK’s bullish sentiment towards the cryptocurrency industry and Bitcoin.
Taiwan's Financial Regulator Cautions Investors Amidst Crypto Volatility
Taiwan's FSC urges public caution with virtual asset trading due to extreme price volatility, highlighting the speculative nature and risks involved.
GameStop Phases Out NFT Platform in Response to Regulatory Challenges
GameStop has announced the closure of its NFT marketplace, citing regulatory uncertainty. Effective from February 2, 2024, the platform will cease operations but assures that NFTs remain accessible on the blockchain.
Wallet of Satoshi Withdraws from the U.S. Market Amid Regulatory Challenges
Wallet of Satoshi withdraws from U.S. market, highlighting regulatory challenges faced by crypto service providers like GameStop and Binance, reflecting evolving U.S. cryptocurrency regulation landscape.
Low-Risk Appetite Continues to Play Out in Bitcoin Market Based on Diminishing Institutional Activity
Institutional activity remains sluggish as Bitcoin hovers around the lower $20K level, depicting a low-risk appetite.
Standard Chartered’s Zodia Custody Gets FCA Approval to Offer Cryptocurrency Services
Zodia Custody has been given greenlight to provide cryptocurrency services to institutions.
Unchained Capital Raises $60M in Bitcoin Funding
Financial services provider Unchained Capital has raised $60 million in a Series B funding round led by Valor Equity Partners. The company uses multi-signature technology to provide a more secure way to hold Bitcoin, allowing clients to share control of their funds between private keys they hold themselves and those held by Unchained or other financial services companies. The funding will be used to expand Unchained's reach and suite of services.
Kraken Introduces Simple, Secure, and Powerful Kraken Wallet
Kraken has launched Kraken Wallet, a self-custodial wallet that offers simplicity, security, and power to users. The wallet allows seamless interaction with popular blockchains, comprehensive portfolio tracking, and WalletConnect integration. With a focus on privacy and backed by Kraken's industry-leading security measures, Kraken Wallet aims to accelerate crypto adoption and empower users in the decentralized world.
ARK Invest Intensifies Investment in Robinhood
ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.
XRP is not a Security: Former CFTC Chair Chris Giancarlo Says
Christopher Giancarlo said he believes XRP does not qualify as security as the SEC is alleging, a claim made based on earlier research he has done as the chairman of the CFTC.
Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone
Coinbase's role in the newly approved Bitcoin spot ETFs by the SEC marks a crucial advancement in cryptocurrency's integration into mainstream finance, bringing regulatory clarity and institutional investment opportunities.
Mask Network (MASK) Bonfire Union Achieves $100 Million Milestone
Mask Network launches $100 million fund under Bonfire Union, supporting decentralized social networks and infrastructure, driving Web3 innovation, and contributing to Mastodon and Web3 education through $10 million builder initiative.
Former Banker Charged with Crypto Investment Fraud
Rashawn Russell, a former investment banker and registered broker, has been charged in federal court for defrauding investors with fake cryptocurrency investments and misappropriating funds to finance his lifestyle.
Binance Survey: Institutional Investors Bullish on Crypto's Long-Term Prospects
Binance Research, in collaboration with Binance VIP & Institutional, has recently unveiled the results of their Institutional Crypto Outlook Survey. The study reveals a strong positive sentiment towards cryptocurrencies among institutional investors, with 63.5% expressing optimism for the next year and a striking 88% displaying a positive outlook for the next decade.
Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills
Maple Finance opens Cash Management to U.S. Accredited Investors, offering yield backed by U.S. Treasury bills.
Michael Saylor: Selling MicroStrategy Shares to Boost Bitcoin Holdings
MicroStrategy's Michael Saylor is selling $216M in company shares to invest in Bitcoin, reflecting his confidence in the cryptocurrency's future and the company's ongoing commitment to it.
Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.
Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle
Harvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.
NBA's Rockets Team up with NYDIG, to be Paid in Bitcoin
NBA team Houston Rockets announced that it will collaborate with the New York Digital Investment Group (NYDIG), a top player in the bitcoin arena.
Binance Stops Trading Of Stock Tokens amid increasing Global Regulatory Scrutiny
Binance has announced that it will suspend providing digital versions of stocks such as Coinbase, Apple, and Tesla, a time when the exchange faces rising pressure from regulators across the globe.
Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges
Tornado Cash's co-founder, Roman Storm, has filed a dismissal motion for charges related to money laundering and violating the IEEPA.
MyAlgo warns users of ongoing wallet exploit
MyAlgo, a wallet provider for the Algorand network, has warned users to withdraw funds from wallets created with a seed phrase due to an ongoing exploit. The company is uncertain about the cause of recent wallet hacks and advises everyone to take precautionary measures. The exploit is suspected to have stolen over $9.2 million worth of funds, with around 25 accounts affected.
Coin Cloud Customer Data and Source Code Allegedly Stolen
Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.
NYDFS Introduces Stricter Crypto Listing and Delisting Rules
NYDFS has implemented stricter regulations for cryptocurrency businesses, enhancing investor protection through detailed risk assessments and governance, highlighting New York's proactive regulatory approach.
Web3 Revolutionizes Startup and Investor Landscape
Professionals at Paris Blockchain Week 2023 discuss how Web3 disrupts traditional business models and offers new opportunities for startups and investors. Different cultures in Web3 and Web2 startups were analyzed, with emphasis on the role of investors in Web3 and the challenges faced by startups.
Binance Enhances VIP Investor Program with Flexible Earn Products and ETH Staking
Binance, a leading cryptocurrency exchange, has upgraded its VIP Investor Program to include Simple Earn Flexible Products and ETH Staking, providing users with more opportunities to qualify for VIP tiers and unlock additional rewards.
Bittrex Faces Potential Legal Action from US SEC
Bittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its local operations.
Debiex Accused of $2.3M Romance Scam by CFTC
The CFTC has charged Debiex and Zhāng Chéng Yáng with conducting a romance scam, misleading customers to invest $2.3 million in a fraudulent scheme.
Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award
OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.
CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams
The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.
Crypto Service Tap Global Gets First 2023 UK Stock Market Listing.
Tap Global, a UK crypto software that offers fiat banking, crypto swaps, staking, and DeFi protocols, was the first 2023 Aquis Stock Exchange (AQSE) listing. Quetzal Capital reverse-takeovered the listing.
Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market
Ripple, the global provider of blockchain-based payment systems, has announced its acquisition of Metaco, a Swiss provider of digital asset custody and tokenization technology.
Taiwan Regulates Crypto Exchanges, Bans Unregistered Foreign Operators
Taiwan's FSC has released new guidelines for regulating Virtual Asset Service Providers (VASPs) in the country. The guidelines, effective from September 26, 2023, prohibit foreign VASPs from operating in Taiwan without proper registration and encourage self-regulation within the industry.
Polygon Launches Web3 .polygon Domains with Unstoppable Domains
Polygon and Unstoppable Domains have partnered to offer the ability to create Web3 .polygon domain names, enabling users to log into Web3 applications, use human-readable wallet addresses, and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of Polygon to mint decentralized domains with zero gas fees. Users will be able to use .polygon domains to create digital identities that are compatible across 750 applications, games and metaverse platforms, as well as to login to web apps, act as cryptocurrency wallet addresses, and create decentralized websites.
Russian Investors File Class Action Against Atomic Wallet Following $100 Million Heist
Russian and CIS investors have filed a class action lawsuit against Atomic Wallet, claiming losses of around $12 million following a security breach in June. The lawsuit, coordinated by German lawyer Max Gutbrod and Moscow's Destra Legal, highlights concerns about the platform's security measures and the growing reliance on cryptocurrencies in Russia.
Congress May Restrict Stock Trading In The Next Session
The 118th Congress may prevent members from investing in stocks or cryptocurrency. 77 politicians violated disclosure obligations after the 2012 STOCK Act. Many see a conflict of interest in elected officials trading and holding assets. In 2022, Congress and Fed officials breached crypto trading and holding restrictions. These infractions included delayed reporting of legal transactions, yet members were allowed to influence legislation with their investments. Last year's crypto issues included U.S. legislators and business executives' financial relationships.
Fidelity Reiterates Bitcoin's Unique Value as a Primary Investment Choice
Fidelity Digital Assets revisits Bitcoin's unmatched value proposition in a recent study, emphasizing its secure, decentralized nature. Shared by MicroStrategy's Michael Saylor, the study advocates for Bitcoin's primary consideration by investors venturing into the digital asset sphere.
SEC Accuses Kraken of Operating Without Registration, Alleges Mixing of Funds
The SEC has accused Kraken of operating as an unregistered securities exchange, broker, dealer, and clearing agency, accusing it of commingling customer and company funds and deficient internal controls.
Unstoppable Domains Partners With Multiple Firms to Support Women of Web3.0
Unstoppable Domains has launched Women of Web3.0, an initiative that seeks to recognize and empower women and other marginalized groups in the growing world of Web3.0.
OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors
OpenTrade collaborates with WOO X to unveil access to tokenized T-Bills for Asian investors. This partnership, leveraging Circle Research’s Perimeter Protocol, is a response to the escalating demand for tokenized T-Bills over DeFi yields. Concurrently, WOO X advances its strategic footprint in South Korea, aligning with CODE compliance solutions to broaden its product accessibility in the region.
Class Action Filed Against Fenwick & West, LLP, Former Law Firm of FTX, in Connection with Largest Financial Fraud in U.S. History
Class action filed against Fenwick & West, LLP, former law firm of FTX, alleging involvement in schemes leading to FTX's collapse, the largest financial fraud in U.S. history.
Court Approves Voyager Digital's Acquisition by Binance.US
The US District Court rejected the government's appeal to halt Binance.US's acquisition of bankrupt brokerage company Voyager Digital. The court confirmed its prior approval of Voyager Digital's Chapter 11 bankruptcy plan, which involves selling assets to Binance.US to repay customers. The court also allowed Binance.US to issue repayment tokens to impacted Voyager customers, despite objections by the US Securities and Exchange Commission.
Mining Valuations in Focus: Bitdeer and Sphere 3D Lead November's Stock Insights
The November valuation analysis of Bitcoin mining stocks reveals significant disparities, with Bitdeer undervalued and Marathon overvalued, while Sphere 3D offers a bargain despite limited growth prospects.
SEC Extends Deliberation on Proposed Rule Change Amidst Heated Debates
The SEC extends its deliberation on a proposed rule change, amid congressional debates over its climate disclosure rule. The decision reflects the complex interplay between financial regulation, environmental concerns, and political ideologies.
FDIC Says Deposits and Cryptos at Non-Bank Entities Are Uninsured
The FDIC said that the public should be aware that deposit insurance does not cover non-bank entities and non-deposit products, including speculative acts such as stocks and cryptocurrencies.
Commissioners Dissent on SEC's NFT Enforcement Action on Stoner Cats 2, LLC
The Securities and Exchange Commission (SEC) has dissented on its enforcement action against Stoner Cats 2, LLC's non-fungible token (NFT) settlement. The Commissioners argue that the Howey investment contract analysis lacks a limiting principle and could stifle artists' creativity due to legal uncertainties. They call for clear guidelines for artists and creators using NFTs to support their creative endeavors and engage with fan communities.
FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines
The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.
State Street Partners with Copper.co to Offer Crypto Custody Services to Customers
The partnership will continue to help State Street bank to provide digital and crypto asset services for its clients.
PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.
Federal Reserve's 2024 Interest Rate Pause: A Boost for Cryptocurrencies and Stocks
The US Federal Reserve's decision to pause interest rates in 2024 signals a positive shift for cryptocurrencies and stocks, with significant gains in the market and a rally in the S&P 500.
SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong
Swiss cryptocurrency bank SEBA Bank has been granted a Hong Kong Securities and Futures Commission license to offer trading, distribution, advisory, and asset management services in the Asia Pacific region.
Examiner: Celsius' accounting and operational controls were 'insufficient'
The independent examiner in Celsius' bankruptcy case has alleged that the company failed to set up "sufficient" accounting and operational controls in its handling of customer funds. The interim report shed light on what ultimately forced the lending platform to halt withdrawals on June 12. Celsius, founded in 2017 by Alex Mashinsky and Daniel Leon, didn't start tracking its balance sheet until after confrontation with regulators in May.
SEC Charges Stoner Cats Over NFT Offerings
The U.S. Securities and Exchange Commission (SEC) has accused Stoner Cats 2 LLC of conducting an unregistered crypto asset securities offering, involving non-fungible tokens (NFTs) to raise funds for an animated web series. SC2 successfully raised $8 million, with the SEC finding SC2 had set up a 2.5 percent royalty strategy and encouraged trading.
Kraken Fights IRS Over Customer Information
Kraken is contesting the United States Internal Revenue Service's demand for critical exchange user information, citing it as an "unjustified treasure hunt." Kraken has requested federal court intervention, pointing out that the IRS has gone "far beyond" its intrusive summons. The fight against IRS is Kraken's response to the agency's February summons, which demanded additional user information to identify Kraken accounts that did at least $20,000 of cryptocurrency trading in any single year between 2016 and 2020.
Ex-FTX Execs Launch New Crypto Exchange Backpack
Former FTX executives, Can Sun, are launching Backpack Exchange in Dubai, aiming to raise $100 million for customer fund security and advanced technology.
Coin98 Debuts Decentralized App Store on NEAR's Blockchain Operating System
Coin98 has launched a decentralized app store on NEAR's Blockchain Operating System, providing seamless access to top L2 and DeFi protocols for over 7 million users.
FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances
The recent updates to the FTX Customer Claims Portal aim to provide more clarity on derivative positions for customers. While these changes may affect the displayed USD balance, they do not impact the overall value of the claims. The valuation of derivative positions is based on FTX exchange pricing as of specific dates and times, with the final USD valuation to be determined later.
PolySign Acquires Digital Fund Administrator MG Stover
With its acquisition of fund administration firm MG Stover, PolySign plans to add cryptocurrency capabilities to its existing platform as part of efforts to enable its institutional investors to trade cryptocurrency and digital assets.
ProShares Unveils World's First Short Ether-Linked ETF
ProShares introduces ProShares Short Ether Strategy ETF (SETH), the world's first short ether-linked ETF, aiming to profit investors during ether price downtrends, reaffirming the firm's innovative approach.
Twitter to Add Cryptocurrency Trading
Twitter is partnering with fintech firm eToro to offer a new feature allowing users to trade cryptocurrencies and stocks. The feature will be accessed via a "view on eToro" tab, taking users to eToro's trading platform. This is the first major deal for Twitter since Elon Musk took over as CEO.
Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody
The Bank Policy Institute, American Bankers Association, Financial Services Forum, and SIFMA have requested modifications to Staff Accounting Bulletin No. 121 to address challenges in digital asset custody for US banking organizations. The aim is to align provisions with recent policy developments and practical experience.
Signature Bank Team Joins Customers Bank, Part of $21B Customers Bancorp
Customers Bank, a subsidiary of Customers Bancorp (NYSE:CUBI), has announced the successful onboarding of nearly 30 team members formerly employed by Signature Bank, once known for its crypto-friendly stance.
Estonia Shuts Down Crypto Firms
Nearly 400 virtual asset service providers (VASPs) have shut down in Estonia due to enhanced Anti-Money Laundering laws. The Financial Intelligence Unit (FIU) revoked the authorizations of almost 190 firms for non-compliance. The remaining 100 active crypto firms had issues with misleading company information, including falsified professional backgrounds and copied business plans.
Aston Martin & Alfa Romeo Launches Fan Tokens as the First F1 Teams
Formula One (F1) racing teams Aston Martin and Alfa Romeo reportedly become the first F1 teams to issue fans tokens of crypto on the Socios.com platform.
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.
WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal
WeStreet Credit Union has introduced a Crypto Portal, offering a secure platform for buying, selling, and holding cryptocurrencies. Initially a members-only feature since August 2023, it opened to the public in October. Partnering with a Qualified Crypto Custodian, WeStreet provides a regulated, audited platform for cryptocurrency transactions, bridging the gap between traditional banking and the digital currency sphere.
Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case
The US FTC has awarded Voyager Digital a $1.65 billion settlement for misleading statements about customer fund safety, marking a significant regulatory action in the crypto market.
HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect
Hong Kong Exchanges and Clearing Limited (HKEX) announces the launch of HKEX Synapse, a settlement acceleration platform designed to improve market efficiency and transparency for Northbound Stock Connect participants. The platform, set to launch on October 9, 2023, will employ DAML smart contracts to streamline post-trade operations. The move aims to enhance real-time data synchronization and scalability for asset managers, brokers, and other market participants.
South Korea Intensifies Measures Against Unlicensed Crypto Exchanges
South Korea's financial regulators are urging public disclosure of unlicensed crypto exchanges, as part of their efforts to regulate the digital asset market and safeguard investors.
Kucoin Report: Turkey's Crypto Investor Base Grows by 12%
KuCoin's 15th report on cryptocurrencies shows a 12% increase in Turkish adults investing in cryptocurrencies over the past 18 months, despite market conditions and a depreciating Turkish lira.
Robinhood Receives Investigative Subpoena from SEC Over Crypto Business
Robinhood disclosed in a recent 10-K filing that it received an investigative subpoena from the SEC in December 2022 regarding its supported cryptocurrencies, custody of cryptocurrencies, and platform operations. The subpoena was in response to the bankruptcies of several major cryptocurrency trading venues and lending platforms earlier in the year, including FTX, Three Arrows Capital, Voyager Digital Holdings, and Celsius Network. This follows previous subpoenas from the California Attorney General's Office and scrutiny from the Massachusetts Securities Division. Robinhood's crypto division was also fined $30 million by the New York District of Financial Services in August 2021 for failing to invest the proper resources and attention to develop and maintain a culture of compliance.
Appetite for Crypto Amongst Institutional Buyers in Hong Kong is Low: New Report
According to a report from the South China Morning Post (SCMP), riding on an earlier report from Bitstamp, which surveyed 253 Hong Kong institutional investors, as many as 9% said they will reduce their exposure to the nascent asset class or stop investing in it altogether.
Institutional Investors Seek Tokenization Solutions
Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has already tokenized part of its $824 billion assets under management, and JPMorgan, which executed its first cross-border DeFi transaction on the Polygon network.
SEC Chair Gensler Open to Lawful Revival of FTX
SEC Chair Gary Gensler emphasizes regulatory standards as FTX considers legal and compliant return, following founder Sam Bankman-Fried's conviction, marking a pivotal moment in crypto regulation.
Fidelity to Offer Crypto Trading to Retail Customers
The potential launch would come after Fidelity enabled its corporate clients in April to add the world's largest cryptocurrency to their managed 401(k) retirement plans.
Ripple Expands Digital Asset Custody with Acquisition of Standard Custody & Trust Company
Ripple acquires Standard Custody & Trust Company, strengthening its position in institutional digital asset custody market, enhancing regulatory portfolio and service offerings.
Titan Unveils Actively Managed Crypto Investment Products for US Investors
Titan has entered into the crypto landscape, thus joining the likes of PayPal, Robinhood, and others in efforts to get involved in the crypto sector.
Nvidia's Soaring Data Center Revenue Signals Strong AI and GPU Market Position
Nvidia's Q3 fiscal 2024 results show a 279% increase in data center revenue and a 206% overall revenue increase to $18.12 billion, highlighting its success in AI and GPU markets. Analysts predict further growth in 2024.
Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network
Unchained and Bakkt have partnered to enhance their Collaborative Custody Network, enhancing their capacity to secure over $3 billion in bitcoin assets.
HSBC to Initiate Institutional Digital Assets Custody Service in 2024
HSBC plans to launch a digital assets custody service for institutional clients in 2024, partnering with Metaco to expand its digital offerings to include tokenised securities.
Mastercard Amplifies Artist Exposure with Season 2 of Accelerator and Live Tour
Mastercard's Artist Accelerator enters its second season, collaborating with OnesToWatch to empower emerging artists with live tours and Web3 tech mentorship.
SEC Delays Decision on Invesco and Galaxy Digital's Ether ETF
The SEC extends the review period for the Invesco and Galaxy Digital's Ether ETF until February 6, 2024, signaling continued caution in cryptocurrency product approvals.
Grayscale CEO Calls on SEC to Protect Investors
Grayscale Investments’ CEO Michael Sonnenshein has called on the United States Securities and Exchange Commission (SEC) to protect Grayscale investors by returning the true asset value to them. Sonnenshein stated in a recent interview that the SEC acted arbitrarily by denying approval for the Grayscale Bitcoin Trust (GBTC) to be a spot Bitcoin exchange-traded fund (ETF) in June 2022, while approving Bitcoin Futures ETFs. He explained that the SEC violated the administrative procedures act, and that Grayscale is suing the SEC over the denial of its initial application. Grayscale has over a million investor accounts, and Sonnenshein called on the SEC to protect investors and return the value to them.
Baidu's Stock Tumbles Amid Military Testing Rumors of AI Chatbot Ernie
Reports of Baidu’s AI chatbot Ernie Bot undergoing military testing led to an 11.5% drop in its stock, reflecting investor concerns over potential U.S. sanctions and the intricate challenges facing Chinese AI companies in the global tech landscape.
7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing
7RCC has submitted a spot Bitcoin ETF with a composition of 80% Bitcoin and 20% carbon credit futures, providing a unique, carbon-neutral investment option in the crypto market.
Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies
Euler Finance, an Ethereum-based noncustodial lending protocol, suffered a flash loan attack on March 13, resulting in the loss of millions in Dai, USD Coin, staked Ether, and wrapped Bitcoin. The attacker stole nearly $196 million in multiple transactions, making it the largest hack of 2023. On-chain data indicates that the attack is related to a deflation attack that occurred one month ago, and the attacker used a multichain bridge to transfer funds from the Binance Smart Chain to Ethereum.
BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub
Don't worry—BlueWallet is just another step toward self-custody and lightning nodes.
Binance.US Distances Itself from Binance.com; CZ Steps Down as Chairman
Binance.US declares operational independence from Binance.com, reassures customers, and remains compliant with U.S. regulations, following a $4.3 billion settlement. Chairman Changpeng Zhao steps down.
South Korea's Stance on Virtual Currency Investment and ETFs in 2024
South Korea reaffirms its prohibition of local financial institutions from owning, buying, or investing in cryptocurrencies and businesses offering crypto, including a strict ban on cryptocurrency exchange-traded funds (ETFs).
Ether.Fi Launches Non-Custodial Liquid Restaking Protocol on Ethereum
Ether.Fi launches a non-custodial liquid restaking protocol on Ethereum, allowing users to maintain control of their keys while increasing staking yields through integration with Eigenlayer.
India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store
India's FIU removes apps of major crypto exchanges, including Binance and Kraken, from the App Store, enforcing compliance with anti-money laundering laws amid new crypto tax policies.
Fraudulent Ledger Live App in Microsoft Store Linked to $768K Cryptocurrency Theft
A fake Ledger Live app on Microsoft's App Store stole nearly $768K from the crypto community, involving Bitcoin and Ethereum transactions, raising concerns over app verification processes.
Standard Chartered Bank Partners with Enterprise Ethereum Alliance to Improve Customer Experience
Standard Chartered Bank joins the Enterprise Ethereum Alliance – an open-source blockchain community. But why?
Former US CFTC Chairman Christopher Giancarlo Quits BlockFi’s Board of Directors
Christopher Giancarlo has reassigned from the board of crypto lending firm BlockFi just after four months. He was appointed as an independent director on BlockFi’s five-person board in April this year.
Hong Kong to introduce comprehensive stablecoin regulation, focusing on innovation and investor protection.
Hong Kong is launching a public consultation to establish comprehensive stablecoin regulations, aiming to balance innovation with investor protection, marking a significant step in cryptocurrency governance.
Stone Ridge Shutting down Bitcoin Futures Fund, Returning Money to Investors
Stone Ridge’s Bitcoin Futures Fund suffers losses triggered by market downturn and competition.
Partnership to Tokenize Artifacts Recovered from the Titanic
To support Titanic study, recovery, and preservation, artifacts will be tokenized as NFTs.
Long-Term Bond Slump Mirrors Historic Stock Market Crashes, Stirs Investor Concerns
The historic slump in long-term bonds, closely mirroring past notorious stock market crashes, has stirred concerns among investors and financial analysts. The discourse on social media, led by notable figures like Genevieve Roch-Decter, CFA, emphasizes the gravity of the situation, with particular implications for retirees and other bond-dependent investors.
FTX's Bankruptcy Plan Leaves Customers Struggling Amid Crypto Market Revival
The contrast between FTX's ongoing bankruptcy proceedings and the broader crypto market's revival underscores the volatility and risks in the cryptocurrency industry.
Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors
Nomura's Laser Digital has launched an Ethereum Adoption Fund, focusing on institutional investors, with a strategy involving staking and regulated custody, aiming to increase institutional engagement in Ethereum investments.
Nasdaq to Launch Digital Asset Custody Services
Nasdaq is preparing to launch its custody services for digital assets by the end of Q2 2022, starting with Bitcoin and Ether. The exchange has applied for a limited-purpose trust company charter from the New York Department of Financial Services to oversee the new business and aims to eventually build a broad suite of services for its digital assets division. Its entry into the crypto market could potentially boost institutional investor confidence and pave the way for more traditional financial institutions to offer similar services.
Bitfinex Tackles Phishing Incident: No Customer Funds Affected
Bitfinex has resolved a phishing incident causing partial customer information exposure, confirming no loss of funds or sensitive data compromise, and ensuring ongoing security measures.
Why Multicoin Capital Invested $5.7M in Squads Labs
Multicoin Capital discloses a $5.7 million investment in Squads Labs, bolstering the multisig standard on Solana. The funding accelerates Squads' blockchain-native custody infrastructure, spotlighting major upgrades like SquadsX and Squads (v4), which are set to redefine self-custody and on-chain capital coordination.
Bakkt Joins Unchained's Network for Enhanced Crypto Custody Solutions
Bakkt Holdings, Inc. has joined Unchained’s collaborative custody network, offering increased security and regulated custody for bitcoin assets.
GSR Secures Major Payment Institution Licence from Singapore's MAS
GSR, a global cryptocurrency trading firm, has received In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore (MAS). The approval allows GSR's Singapore subsidiary, GSR Markets Pte. Ltd., to better serve the cryptocurrency community. The news comes a day after Coinbase Singapore announced its full licence, highlighting the competitive yet regulated crypto landscape in Singapore.
DOJ Plans to Call Former FTX Consumers, Investors, and Employees as Witnesses in Upcoming Samuel Bankman-Fried Trial
The DOJ is set to call former customers, investors, and employees of FTX as witnesses in the upcoming trial against Samuel Bankman-Fried, with a letter motion on September 30 revealing the scope of testimonies. A witness from Ukraine presents a challenge due to travel constraints amidst local unrest, with video conferencing proposed as a solution. The trial, attracting attention due to its proximity, is poised to kick off following jury selection on October 3.
Bittrex Global to End Trading on Dec 4, 2023
Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.
Roger Stone Denies Alleged Murder Plot Against Nadler and Swalwell, Claims AI Manipulation of Tapes
Roger Stone is accused of discussing a plot to assassinate Congressmen Jerry Nadler and Eric Swalwell in a recording. He denies the allegations, claiming AI manipulation of the tapes.
Coinbase International Exchange Launches Non-US Spot Markets
Coinbase launches non-US spot markets for institutional clients, addressing regulatory concerns and expanding globally.
GameStop Announces Partnership with FTX US
GameStop, the world's largest video game retailer headquartered in Texas State, announced that it has signed a partnership with FTX US ("FTX") to become FTX's preferred retail partner in the United States.
Citi Joins BondbloX Bond Exchange as First Digital Custodian
Citi Securities Services has become the first digital custodian participant on the BondbloX Bond Exchange (BBX), the world's first fractional bond exchange. The partnership allows Citi clients to become BBX participants, facilitating the trading of both fractionalized and full-sized bonds. Citi will oversee settlement and custody services. The partnership aims to enhance digital financial market infrastructure, provide transparency, electronic operations, and universal accessibility in the bond market.
Fidelity Launches a New Commission-Free Crypto Trading Product
Fidelity Investments has launched trading support for Bitcoin and Ethereum at zero commission
Andreessen Horowitz Backed Story Protocol Secures $54M in Funding
Story Protocol, a San Francisco-based startup, raised $54 million in a funding round led by Andreessen Horowitz's a16z crypto. The company aims to redefine the IP landscape with an open infrastructure layer optimized for the internet era.
Kraken Unveils "Kraken Institutional" to Enhance Crypto Services
Kraken launches Kraken Institutional, consolidating several core services to provide a comprehensive crypto solution tailored for institutions and high net-worth individuals.
Breaking: Bybit Receives Unlicensed Operation Warning from HK SFC
Hong Kong's SFC has issued a public warning against the unlicensed virtual asset trading platform Bybit, advising caution for potential investors.
JPMorgan Chase Upgrades Dell Technologies Rating, Eyes AI-Driven Growth
JPMorgan Chase & Co. upgrades Dell Technologies to Overweight, setting a new target price of $90, buoyed by its favorable position in the AI-driven compute investment cycle. Dell's strong market performance and anticipated benefit from the growing AI and ML focus in IT sectors signal promising growth prospects.
A Guide to Minimizing Risk in Crypto Trading
Risk management in crypto trading, shaped by market volatility, involves setting stop-losses, proper position sizing, using take-profit orders, and diversifying assets. Continuous learning is vital.
BC Technology Group Halts Trading Amid Notifiable Transaction
BC Technology Group Limited halted trading on Hong Kong Stock Exchange due to pending announcement about potential sale of crypto platform OSL, valued at $128 million.
Media Outlets Object to Withholding Identities in FTX Bankruptcy Proceedings
Major media outlets have objected to the withholding of non-US customer identities during FTX's bankruptcy proceedings, citing the public's right to access bankruptcy filings. FTX and its customers have failed to justify the need for such secrecy, according to the media outlets.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
Euler Finance Hacker Returns Majority of Stolen Funds
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, including 51,000 ETH and 7,737 ETH, worth a total of over $101 million at the time of writing. The hacker still controls some of the stolen assets, and the hack is considered the largest DeFi hack of 2023.
FTX Exchange Announces Customer Claims Portal and Deadline for Filing Claims
FTX Exchange has launched a Customer Claims Portal for filing proof of claims. The deadline for submission is September 29, 2023, at 4 pm ET.
Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders
The filing from Celsius comes a few days after a group of customers claiming about $25 million in custody holdings petitioned the court for payback of their funds.
TZERO Shut Down Crypto Exchange
Customers may "orderly remove" assets on March 6.
Standard Custody and GSR Form Alliance for Secure Digital Asset Settlement
Standard Custody & Trust Company and GSR Markets Limited have partnered to enhance digital asset transactions security and efficiency through an innovative escrow solution.
Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
Q1 2021 Tesla spent $1.5 billion on Bitcoin.
Tornado Cash Founders Face Legal Action Over Money Laundering and Sanctions Violations
Tornado Cash co-founders Roman Storm and Roman Semenov have been indicted for money laundering, sanctions violations, and operating an unlicensed money transmitting business. The US Treasury added Semenov to its list, preventing US residents from using the platform.
Tenstorrent Secures $100 Million Led by Hyundai and Samsung
AI chip developer Tenstorrent has closed a $100M round led by Hyundai and Samsung. The funds will accelerate product development and AI chiplet design.
Apple's App Store Policies Probed: U.S. Lawmakers Investigate Impact on Blockchain and NFTs
U.S. Representatives probe Apple's App Store policies, raising concerns over potential impact on blockchain and NFTs, and questioning the balance between security and innovation.
Bill Miller Touts Bitcoin and Coinbase Stocks as Good Investments while Issuing a Warning to Altcoins
Renowned Wall Street investor Bill Miller is once again advising investors to capitalize not only on Bitcoin but also Coinbase stocks and issues warn on altcoins.
Standard Chartered raises $36m for crypto custody platform
Standard Chartered's crypto custody subsidiary, Zodia Custody, has raised $36 million in a series A funding round led by SBI Holdings. Standard Chartered remains the majority shareholder in the firm.
ANZ Bank Pushes Customers Towards Digital, Faces Criticism
ANZ Bank is facing criticism as it discontinues withdrawals and deposits from a number of Australian branches to encourage customers to use digital transactions. Critics suggest this could impact older customers and increase vulnerability to technical issues. This decision highlights the gradual shift towards a cashless society in Australia, with cash payments falling from 59% in 2007 to 27% in 2019.
Hong Kong Sets 50% Insurance Mandate for Crypto Exchanges
Hong Kong's SFC mandates 50% insurance coverage for licensed crypto exchanges, with OSL and HashKey Exchange leading compliance by securing extensive insurance policies for customer asset protection.
Fidelity Institution's President Advocates Room for Consumers to Acquire More Crypto
Fidelity Institutional boss, Michael Durbin is advocating more crypto allocations for consumers
DBS Bank Issues $15M Digital Bonds through DBS Digital Exchange
Singapore-based DBS Bank announced the issuance of digital bonds worth 15 million SGD (US$11.3 million) in its first security token offering (STO).
Houston Texans Partnered with BitWallet, Becoming First NFL Team to Sell Game Suite with Crypto
Houston Texans of the National Football League (NFL) have selected cryptocurrency platform bitWallet as their exclusive official crypto wallet provider and said the partnership will go into effect.
Google's Authenticator Update Raises Security Concerns
Google has released an update to its Authenticator app that allows users to store a one-time code in cloud storage. While this may help users who lose their authenticator app, it also makes them more vulnerable to hackers, who can gain access to the user's Google password and subsequently obtain full access to their authenticator-linked apps. Cybersecurity experts have also warned of complications that come with Google's cloud storage-based solution to two-factor authentication (2FA), raising concerns about security.
UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards
The UK is intensifying regulatory standards for crypto exchanges under the Financial Services and Markets Act, aiming for parity with traditional financial services. Exchanges must comply with stringent risk assessments and finance tests, impacting both domestic and offshore entities.
1inch Network Launches Hardware Wallet Amid Rise of Self-Cust
1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.
Coinbase Legal Chief Requests Revisions to SEC Rulemaking
Coinbase's legal chief has urged the U.S. Securities and Exchange Commission (SEC) to revise its proposed rulemaking on registered investment advisers' responsibilities to store client assets with qualified custodians. Coinbase has criticized the SEC's proposed custody rule, claiming that it unfairly targets crypto assets and fails to safeguard them properly.
Fidelity Launches Cryptocurrency Custody Business
In a rare interview with Fidelity Investments CEO Abigaile Johnson, the Financial Times revealed that the Boston-based asset management giant is “now engaged in a full rollout” of its cryptocurrency custody and trading service.
Parents Demand Action Against AI-Influencers on TikTok
ParentsTogether, a notable non-profit organization, has issued an open letter to TikTok CEO Shou Zi Chew, urging for explicit labeling of AI-generated influencers. The letter, representing over 12,000 parents, voices concerns over the impact of these digital personas on youth's perception of beauty standards.
The Resilience of the US Dollar in Global Finance: Insights from Fed Governor Waller
Federal Reserve Governor Christopher J. Waller defended the US dollar's global economic dominance, emphasizing its role as a physical currency, financial asset, and preferred unit of account.
Jul 24 Trading Analysis: What Bloodbath?
Despite stonk's bloodbath, BTC managed to close higher on the day with some short squeeze liquidation through $9600 level. I am actually surprised that we are still trading at current levels, would only be a matter of time that we see us retracing back some of its gains, which was why I said yesterday, we need to continue to monitor the momentum of capital into BTC.
Bitcoin Price Breaks $10,000 Flirting with High Resistance of Supply – Understanding the Stock to Flow Model
Bitcoin has taken off this week, moving to $10,000 and firing up the market in euphoria. With only one week from halving, The Bitcoin price has now deleted all its coronavirus crash losses, up practically 40% since January 1st—and putting it on target to be one of the year's best performing resources.
ANKR/CRV/STORJ Price Analysis – March 24,2021
ANKR, CRV, and STORJ are included in the Coinbase Pro list and have increased by 42.57%, 23.73% and 102.00% respectively within the last 24 hours.
US Stocks, Oil, and Bitcoin Price Plunge, Hinting Second Wave of Coronavirus Cases
Stocks, oil, and Bitcoin price have been plunging, as the market has been concerned about a possible second wave of coronavirus cases as lockdowns have been easing in certain states in the US.
Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook
There's a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively.
Interview with Noble Gold Investments CEO: Gold as Hedge Tool against Inflation?
Exclusive: Blockchain.News recently had a conversation with Collin Plume, the President and CEO of Noble Gold Investments, regarding whether gold could be a safe haven investment that investors should rely on during turmoil times.
Kaspersky’s Expert Take on KYC and AML: Stock vs Crypto Exchanges
In Part 2 of our interview, Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky shared how Kaspersky provides cybersecurity solutions for stock and crypto exchanges to address KYC and AML concerns. He also walked us through the Kaspersky Application Security Assessment and explained its significance in safeguarding assets in crypto exchanges.
Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?
While wall street giant Fidelity tapped into the crypto custodian space, can Onchain Custodian survive under the fierce competition? Alexandre Kech, CEO of Onchain Custodian believes that they can fill Fidelity's gap in the crypto custodial market. He also explains how the surging demand in BTC futures and crypto collateral can present huge business opportunities for crypto custodians.
Exclusive: Why are Independent Third Party Crypto Custodians so Important?
Alexandre Kech, CEO of Onchain Custodian shares with us the importance of independent third party custodian solutions. He identified three grey areas for assets under custody by the exchange and how Onchain Custodian identifies the custodial needs for crypto players and traditional financial giants!
Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.
Exclusive: Fidelity Digital Assets Explains the Core Concerns Traditional Institutions Still Have Towards Cryptocurrencies
Blockchain.News spoke with Christine Sandler, the Head of Sales and Marketing at Fidelity Digital Assets to understand more about the concerns institutional investors may have and the barriers to entry to the cryptocurrency market.
Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody
Alessio Quaglini, the Managing Partner of a custody solution blockchain start-up HEX, see the growing importance and emerging trends for custody in the age of digital assets. “We strongly believe that blockchain technologies will be the underlying infrastructure for future financial instruments, assets, contracts and currencies.” Say Alessio. He believe that his firm can offer the value of flexibility, accessibility, and security through partner up with traditional financial institution with their unique ZeroKey technology solution.
Huawei Files Patent For Blockchain Ledger Storage and Device
Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems.
Samsung Facilitates Blockchain Use on Galaxy Devices
Samsung issued an official announcement to inform users that they will now be able to manage and trade cryptocurrencies from third-party wallets directly on Samsung Galaxy smartphones.
Ethereum's Vitalik Buterin Considers Creating App Store After Google Demands 30% Cut
Ethereum founder, Vitalik Buterin considers competing with Google Play and Apple's App stores dominance.
Australia and Singapore Authorities Completes Trial for Blockchain-based Cross-Border Document Verification
Australian and Singaporean authorities have conducted a blockchain trial for cross-border digital trade document verification.
Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain
Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).
Crypto Alert: Revolutionary DGT Token Community Presale
Tallinn, Estonia, 8 January 2021 DGBLabs OÜ, announces it Community Presale of the DataGrid Token (DGT) for 22nd- 26th January offering a 5% bonus, which is reduced 1% a each day during the sale, on a minimum of one quarter ETH at the price of $.005. Higher Bonus levels available for purchases over 80 ETH. Participants will be required to complete WhiteListing on Blockpass prior to the sale date.
CryptoWallet.com Among Minority of Successful Companies to Renew Coveted Estonian License
Estonia-based crypto startup CryptoWallet.com has become one of the first crypto companies to receive a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). CryptoWallet.com renewed its crypto license despite strict regulatory measures introduced last year to maintain compliance and transparency within the crypto space.
Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women
The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse
StormGain Launches Free Bitcoin Cloud Mining Service!
StormGain launches a free crypto cloud mining service that allows you to become a cloud miner for free!
Blockchain in healthcare symposium Abu Dhabi 2020
Blockchain in Healthcare Symposium Event Overview
GlobalSTOX’s Wholly-Owned Subsidiary Has Successfully Obtained a TCSP License
GlobalSTOX Limited (“GSL”) is pleased to announce that its wholly-owned subsidiary, HKSTOX Finance Limited, has successfully obtained a Trust or Company Service Provider License (“TCSP License”) on 29 April 2020. The TCSP license number is TC007109.
Analysts Suggest Crypto Price plunge Could be Start of New Market Trend
Analysts have indicated that the plunge in cryptocurrency prices could be the beginning of a new market trend, as Bitcoin's valuation has fallen to its lowest level since November 2021.
Silvergate Bank Unaffected by Crypto Market Fall: Growth QTD Report
Silvergate Bank, a division of Silvergate Capital Corp, which provides financial services to entities in the digital currency ecosystem, has come off as one of the most impressive crypto-linked stocks in the Quarter-to-Date (QTD) period.
Top Coins to Watch This Week: BTC, ADA and LRC
The trend set by digital currencies has given a new leap to many cryptos and here are those picked out to watch this week.
Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish
US Federal Reserve has once again raised key interest rates by 75 basis points in an effort to normalize its monetary policies. Crypto markets have reacted following the announcements.
AMD Purchases Xilinx in All-Stock Transaction to Develop Mining Devices
A month and a half after Nvidia purchased Arm, AMD also announced its $35b acquisition of Xilinx. Will it alter the ecosystem of crypto mining?
Investors Enjoy Growing Enthusiasm & Popularity of Bitcoin: Grayscale's Study
A recent survey conducted by Grayscale Investments, a Digital Currency Group (DCG) owned crypto asset manager has revealed the growing enthusiasm and popularity of Bitcoin as an investable asset class.
Crypto Investors’ Realized Gains Increased by 400% to Hit $162.7m in 2021, Study Shows
With 2021 emerging as a strong year for cryptocurrencies, global investors made $162.7 million in realized gains, according to blockchain analytic firm Chainalysis.
75% Investors Joins Crypto Space due to GameFi, Survey Shows
Despite the recent market crash might discourage investors. A survey shows that 75% of investors join the crypto space due to GameFi.=
Investors Remain Optimistic about Crypto Market’s Future Despite Meltdown: CoinLoan
A study undertaken by crypto business CoinLoan shows that most investors are still bullish about the cryptocurrency market's future despite the challenges witnessed.
Coinbase Sees a Significant Uptick in Institutional Demand in Cryptocurrencies in H1 2020
Coinbase recently said that there was a significant uptick in institutional demand in cryptocurrencies in H1 2020. The world’s first and largest digital asset, Bitcoin continued to grow in HQ, and the cryptocurrency appreciated 27.3 percent in the first half of the year.
15% Indians Set Foot in the Crypto Space, KuCoin Study Shows
As of June 2022, the number of crypto investors in India had clocked 115 million, representing 15% of the nation’s population aged 18 to 60 years, according to a survey by crypto exchange KuCoin.
Why is the Bitcoin Price Correlation with the Stock Market Currently High?
Unlimited Quantitative Easing has had the most significant impact on the stock and crypto market, meaning both markets have a strong correlation with monetary policy.
67% of Retail Investors See Crypto as a Trustworthy Investment, Study Shows
As a show of belief in the crypto space, 67% of retail or investors deem cryptocurrencies as trustworthy investments, wile only 11% seeing them as untrustworthy, a study shows.
PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months
PayPal has revealed a brief timeline, indicating the expansion of its crypto business to the UK market in a few months’ time.
Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF
As a change of tune, the IMF alludes to the fact that crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution.
Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody
Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with crypto trading firm Cumberland Korea and blockchain venture fund Hashed.
69 % Female Crypto Investors in U.S. Adopt Holding Strategy, Survey Shows
Real Talk survey BlockFi suggests that female crypto investors on American soil had a long-term outlook because they had adopted the buy-and-hold strategy.
Abu Dhabi Women Set to Receive Free Crypto Domains to Expand Their Web3 Knowledge
To give women residing in Abu Dhabi the opportunity to expand their knowledge base and ultimately explore the Web3 world, Abu Dhabi Investment Office (ADIO) and Access Abu Dhabi have teamed up with NFT domain name provider Unstoppable Domains
Institutional Investors Turning Bullish on Crypto: Survey Suggests
A new survey has highlighted the increasing bullish stance of institutional investors in the ecosystem.
A New World of Money - Blockchain in Human History Series
In this article we take a deep dive in money issuance standard to witness the evolution of money. The evolution of money issuance standard can be summarized in four phases.
Coinbase ($COIN) Begins Trading on Nasdaq, Marking a Historic Moment for Crypto
Coinbase officially started trading its stock on the Nasdaq US Stock Exchange on Wednesday, April 14.
Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market
Malaysia’s national stock exchange, Bursa Malaysia will conduct a blockchain Proof-of-Concept (PoC) dubbed "Project Harbour" to explore the DLT management of the country’s bonds market.
Goldman Sachs Invites Investors to Conference Call on Bitcoin, Gold and Crisis Markets
Goldman Sachs is preparing to host a conference call with its top investors to discuss the impact of the current economic crisis on inflation, gold, and Bitcoin.
HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital.
Immutable launches its $500M Fund to Boost Web3.0 Gaming Adoption
Blockchain infrastructure platform Immutable has launched a new $500 million fund with which it plans to take care of emerging gaming protocols and Non-Fungible Token (NFT) startups in the Web3.0 ecosystem
Wealthfront To Enable Cryptocurrency Investments for its Clients
Wealthfront is the latest mainstream firm that plans to offer cryptocurrencies to its clients.
Wall Street Veteran Urges Investors to Add Cryptocurrencies to Their Investment Portfolios
Veteran George Ball, a renowned Wall Street Veteran, has said that the addition of crypto to investment portfolios are attractive because they increase returns.
Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand
Grayscale Investments LLC has announced plans to explore other digital assets.
Roofstock Raises $240m in Series E Financing , Expand Access to Real Estate Investing
Roofstock has facilitated over $5 billion in transaction volume, more than half of that came from last year alone.
Fidelity: 60% of Institutional Investors Believe that Digital Assets Have a Place in their Portfolio
Fidelity Digital Assets surveyed 774 institutional investors across the United States and Europe, and 80 percent of those who were surveyed found something appealing about digital assets. The research was conducted from November 2019 to early March 2020 and is the second consecutive year that Fidelity Digital Assets has conducted this survey for US institutional investors and the first for European investors.
New York Stock Exchange to Release NFTs For Six Stocks
The New York Stock Exchange has revealed that it will launch NFTs to celebrate the debut of six stocks recently listed on its platform - Roblox, DoorDash, Unity, Snowflake, Spotify, and Coupang.
Digital Asset Firm Hashdex to Launch Web3 ETF on the Brazilian Stock Exchange
The Web 3 ETF (WEB311) will track Web 3 firms that are expected to benefit from technology infrastructure.
Unstoppable Domains Raises $65m in Series A Funding Led by Pantera Capital
The new funding for Unstoppable Domains, which builds digital identity markers as NFTs, now has a valuation of $1 billion.
"Bitcoin Is Risky," Says BIS Chief as Crypto and Unconventional Stocks like GameStop Gain Support
The Bank for International Settlements remains skeptical of Bitcoin, echoing the sentiments of many traditional banking institutions.
Federal Reserve Bank of Boston Partners with MIT to Research How Crypto Can Co-exist with the Dollar
The Federal Reserve Bank of Boston has partnered with the Massachusetts Institute of Technology (MIT) to research the feasibility of cryptocurrencies co-existing with fiat currencies
Crypto Market Crash Leaves Investors Counting Losses
Price crashes are a normal part of cryptocurrency investing. It is important to be ready and understand how to minimize losses during a declining market.
Top Three Advantages of the Forex Trading Profession
There are also many other foreign exchange markets where you can start trading but the Forex market has many advantages. If you know and understand the Forex market then you won’t be able to quit trading in the market. Most people choose the Forex market as it gives higher chances to make a profit than in the other foreign exchange markets. In this article, you will be able to discover the advantages of Forex trading so make sure you read the full article.
How To Start Trading Cryptocurrency?
The cryptocurrency market is full of pitfalls. It's possible to lose money by storing Bitcoin, buying and selling it, and making transactions on and off the exchange. How to get acquainted with this new type of assets, how to avoid losses and develop your trading skills?
3 Good Reasons Why Investors Should be Optimistic About the Future of Crypto
Amidst the ups and downs the market has experienced in recent times, here are the top three reasons to stay positive as the market journeys onto more maturity.
Institutional Investors Regain Confidence towards Crypto while Retail Investors Remain Hesitant: Analysis
Analysis suggests institutional investors have an increasingly optimistic stance on the cryptocurrency ecosystem, and then retail investors are still hesitant to return to the market.
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
DLA Piper: Security Tokenization in Hong Kong
Security tokenization is the representation of fractional interests in an asset using blockchain. A security token derives its value from an underlying asset, such as a work of art. This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.
EDX Markets: Pioneering Digital Asset Trading with Institutional Focus
EDX Markets is a cutting-edge digital asset marketplace designed to cater to the needs of both crypto-native firms and large financial institutions, offering a safer, faster, and more efficient trading experience.
Fiat Money
What is fiat money; the history of fiat money and its influence on monetary policy and the global economy.
New Money Theory: Understanding the Fundamental Internal and External Factors of Money
Money has always had a fundamental influence on the development of the world and society's values. Money is a major incentive for our economic society. Everybody knows the importance of money, but how money is created and achieves its value still remains a mystery for most people.
Almost $98 Billion Evaporated in the Crypto Space Triggered by a Big Sell-Off in the Global Stock Market
About $98 billion has been evaporated in the crypto market as Bitcoin sinks below $30K for the second time since mid-May.
Ethereum’s Perpetual Swaps Open Interest Hit a Two-Month High
The latest surge in the crypto market has made Ethereum’s perpetual swaps open interest to hit a record-high.
Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia
Reasons why Hong Kong will a leading digital asset trading centre in Asia.
Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI
Ethereum's price drop hasn’t dampened its spirits to offer an impressive return on investment (ROI) so far this year compared to tech stocks like Microsoft, Facebook, and Apple.
C10: An All-Weather Approach to Investing In Cryptocurrencies
The future of cryptocurrencies looks bright as an increasing number of investors are looking for alternative investment opportunities, but many remain hesitant because of the market's extreme volatility.
Schwab Q3 Survey: 44% Bullish on U.S. Stock Market and 66% See AI as a Significant Market Impact
The Charles Schwab Trader Sentiment Survey for Q3 indicates a shift in investor sentiment towards optimism, with 44% of traders optimistic about the U.S. stock market, despite concerns about recession, Federal Reserve interest rate hikes, political instability, inflation, and market corrections. Older traders are more optimistic.
KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report
The PlusToken Ponzi scheme operators are using regulated KYC compliant exchanges to dump their cryptocurrency according to an updated report by investigative firm OXT Research.
Are Institutional Investments Fueling Correlation Between Crypto and Stock Markets?
With macroeconomic factors like interest rate hikes affecting both stocks and crypto, this begs the question: are institutional investments propelling the correlation between the two markets?
Bitcoin September Curse? Predicting BTC Price Using Comprehensive Historical Data
Bitcoin's September performance has been bearish over the past eight years, with an average decline of approximately 9.03%. The amplitude of Bitcoin's price fluctuations has been significant, with an average amplitude of 24.91%. Market analysts predict potential low points for Bitcoin by September, with a -3.09% decline in 2022 and an average decline of -9.22%. If this year's performance aligns, Bitcoin's valuation could decrease to $23,240. However, it has the potential to close above $25,927, similar to 2015 and 2016 as well.
Once Upon a Time in Blockchain: The Reinvention of Storytelling
Storytelling is a timeless craft. From early human art in caves around the world, to the complexity of Egyptian hieroglyphics, people have been crafting and telling stories for millennia. Now, blockchain has emerged as the next platform to create and tell stories on.
Why Young Investors are Increasingly Investing in Crypto and Cannabis
Crypto and cannabis markets seem to be attracting a rising number of young investors. Why is this so?
Is Bitcoin’s True Power Being Revealed as COVID-19 Market Crisis Sends Oil Futures Price Below Zero?
As WTI crude oil futures plummeted into negative territory, the pioneer cryptocurrency Bitcoin hardly seemed to notice, recording only a minor correction and dipping under 7k.
IPFS: The Decentralization of the Web and the Future of Blockchain
This is one of the weaknesses of the current centralized web. Blocking a site simply requires finding the server on which it is located and asking the operator to turn it off or telephone operators to block the connection to the specific IP address of the server. In the case of a site to which a large number of users contribute you will need to block all those computers, greatly increasing the resistance against censorship. The IPFS takes advantage of blockchain technology and the peer-to-peer Torrent protocol, creating a permanent web and distributing "bits" of portals and websites among all Internet users who decide to install the client program associated with the project on their computers.
US Institutional Bitcoin Demand Has Dried Up, says On-Chain Analyst
On-chain analyst William Clemente III noted that Bitcoin demand by US institutional investors had slowed down.
Estonia's Central Bank Launches Research Project into CBDC
Estonia’s Central Bank also known as Eesti Pank has launched a multi-year research project into central bank digital currencies.
Road to a US CBDC? Ex-CFTC Chairman Released Written Remarks on Digital Dollar in Davos 2020
Davos 2020 to host ex CFTC Chairman, J. Christopher Giancarlo, and his insights on the possibility of CBDC and its many advantages!
Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar
As the US dollar keeps plummeting, Max Keiser revealed that Warren Buffett has moved his assets out of the US market, setting Bitcoin for its next surge.
Billionaire Investor Mike Novogratz Refuses to Lose Faith in Bitcoin
Mike Novogratz, the CEO and founder of Galaxy Digital asset management company, explains why he still loves cryptocurrencies.
Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager
The president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC.
How Bitcoin’s Narrative Has Significantly Changed in 2020, According to CoinShares Chairman
Former JP Morgan commodities trader Danny Masters discussed how the Bitcoin narrative has shifted for the better since its inception.
Goldman Sachs Says Customer Demands for Bitcoin Are Increasing
Goldman Sachs President and COO John Waldron has revealed that the bank is experiencing a rising demand for Bitcoin from its customers.
Is Bitcoin's Price at $10K Stable? Here are Some Factors that Could Influence BTC
Bitcoin's (BTC) price dropped below $10,000 on the weekend, which ended BTC's two-month streak of staying above $10K.
How Likely Will Bitcoin's Price Decouple from the Stock Market?
In times of economic uncertainty, Bitcoin has strongly correlated with the stock market.
Bitcoin’s Bullish Rally Comes to an End as Bond Yields Surge and Risk Assets Experience Global Sell-Off
After hitting a high of $58,300 over the weekend, things have turned for the worse as Bitcoin (BTC) has plunged by more than 20% this week.
Walls Street's GameStop Battle With Reddit Page r/wallstreetbet Highlights Need for Decentralized Bitcoin
As the duel between institutional Wall Street short-sellers and members of Reddit group r/WSB rages on, many are noticing the censorship-free nature of Bitcoin and crypto.
Barstool Sports Founder Dave Portnoy to Dump Bitcoin and Chainlink (LINK) After $25,000 Loss
Dave Portnoy announced that he is done with cryptocurrency and Bitcoin after undergoing a loss of $25,000 due to market crash.
Dave Portnoy Offers to be The Savior of Bitcoin and Chainlink (LINK), Angering Crypto Twitter
After declaring that he may be quitting crypto trading altogether, Dave Portnoy is now hinting that he will “save Bitcoin and crypto.”
Institutional Bitcoin Adoption Continues as MicroStrategy, Square, and Tesla Ramp Up Crypto Interest
The institutional flow of funds into Bitcoin is a tool to help guarantee market stability and attract improved regulations for the crypto industry.
Bitcoin Inches Closer to a Market Value of $1 Trillion
Bitcoin is making notable strides because its current bull run has resulted in its market value being a stone’s throw away from the $1 trillion mark.
Bitcoin’s Price Finally Showing Signs of Macro Decoupling from the Stock Market
Bitcoin has finally decoupled with the stock market, as the crypto's price has been able to maintain its strength while the stock market has been tumbling.
Bitcoin Crosses $61K as Bull Run Continues
Bitcoin (BTC) has soared to new heights by hitting an all-time high of more than $61,000 not seen in its twelve-year history.
Bitcoin Price Fights For Balance as Number of BTC Holders With 0.1 Coins Reaches New ATH
The number of BTC retail holders are increasing, spurring bullish sentiment that may prompt the market to recover from overnight dips experienced by Bitcoin.
Billionaire Investor Howard Marks Changes His Mind on Bitcoin as Demand for Crypto Rises
Billionaire Howard Marks has acknowledged that the growing demand of Bitcoin has shifted his perspective.
Bitcoin Price Surges Over the $10,000 Mark—Traders Expect it to Edge Higher
Bitcoin price crossed the $10,000 mark on July 26, reaching its highest level in almost two months. Bitcoin (BTC) is trading around the $10,248 level at press time. The last time Bitcoin was at the $10K level was on June 10.
Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth
Tom Jessop, President of Fidelity Investments digital assets arm said his firm still uses the word “potential” when describing volatile Bitcoin’s ability to act as a store of value
Bitcoin and the Crypto Market Could Go Down Again—Market Recap and Price Analysis
Both the stock and crypto market could go down, the bitcoin price appears ready to drop.
Fidelity Files for Bitcoin Fund After Validating Model Predicting BTC Price at $1 Million
Peter Jubber, the president and director of digital funds at Fidelity filed for a new fund dedicated to Bitcoin with the US SEC.
Institutional Investors Own 16% of Bitcoin’s Realized Market Capitalization
16% of BTC's realized market cap is now owned by institutional investors, according to the CEO of CryptoQuant.com.
Most Americans Plan to Use $1,400 Stimulus Checks to Invest in Bitcoin and Stocks - Mizuho Survey
Mizuho has released a new survey showing that with the third round of $1,400 stimulus payments already hitting Americans’ bank accounts, most recipients are planning to use their stimulus checks to buy Bitcoin and stocks. Interestingly, the survey found that Bitcoin was a more popular choice among stimulus recipients than stocks.
$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset
Stone Ridge Asset Management, home to $13 billion in assets under management (AUM) has recently purchased $115 million in Bitcoin.
Singaporean DBS Bank to Expand Bitcoin Offerings to Retail Traders
Singapore-based bank and financial operator DBS is on track to expand its Bitcoin trading services to its retail customers.
Guggenheim’s Scott Minerd Says Bitcoin Price Should Rise to $400,000
Scott Minerd, Global Chief Investment Officer at Guggenheim Investments, believes that the price of Bitcoin will hit highs of around $400,000 based on its fundamental value.
Positive Gold Forecast Could Ignite Bitcoin Bull Run, US Stock Futures Rally on Stimulus Hopes
Gold has been trading sideways in the past few weeks, but according to this CEO, the price action is forming a bottom. Holmes predicts that gold will reach $4K.
Bitcoin Price Sets 12-Day High as US Stock Futures Sees Bounce-Back Session
Bitcoin has currently surged above the $10,700 level, reaching its highest price level in 12 days.
Dave Portnoy Calls Bitcoin “A Ponzi Scheme,” but Says He Will be Back for Crypto
Dave Portnoy revealed that he had previously bought $1.25 million worth of Bitcoin, despite thinking the cryptocurrency was just a “just one big Ponzi scheme.”
Retail Investment Slips as New Bitcoin Addresses Drop
Retail investment in the Bitcoin (BTC) market seems to have dried up based on the drop in new addresses.
US Dollar Losses in 2020 Not to be Recouped in the Coming Year, Making the Case for a Bitcoin Rally
Bitcoin has been holding steadily around $10,738 at press time, as the stock market continues to recover and see gains.
Bitcoin Price and the Stock Market to Decouple Soon, says On-Chain Analyst
Bitcoin’s price action with the stock market, including the S&P 500 has been highly correlated, however, the end could be near.
Fidelity Report: Reflexivity and Investor Sentiment are Main Factors Influencing Bitcoin Price
Fidelity Digital Assets just released a report on Bitcoin's role as an alternative investment indicating almost no correlation with traditional markets. So what drives BTC's price?
S2F Creator PlanB Projects Bitcoin to Touch $100k in 2023
Stock-2-Flow (S2F) model creator, PlanB is highly optimistic that his model that projects Bitcoin’s price at $100,000 will come true latest by 2023.
Anthony Pompliano Says Bitcoin Price Correction Indicates BTC has Moved from Weak to Strong Hands
Bitcoin's current price correction has been noted by Anthony Pompliano as an indication that BTC has been moving from weak hands to strong hands.
JPMorgan Expects the S&P 500 to Rally, Will Bitcoin Follow?
JPMorgan expects that the S&P 500 would rise to between 3,500 and 3,600 by the end of 2020, and 3,750 by this time next year, a 10 percent growth.
Bitcoin Price Breaks $11K Again, but Can’t Maintain Bullish Momentum
Over the weekend, Bitcoin broke past the $11,000K mark once again but has fallen back to record an approximate price of $10,900 since then.
Bitcoin Price Surges Amid Stock Market Bull—But This Could All Collapse if China Repeats its 2015 Stock Market Bubble
Bitcoin price saw a slight surge at the start of this week, while China’s stocks soared as no new local coronavirus cases were reported. US stocks also followed and saw an upward tick as investors focused on news related to the new COVID-19 vaccine and treatments.
Will Bitcoin See a Bull Run in October?
Bitcoin price has had fewer price volatility than the stock market and has been more resistant to negative news than before. What will this
Why Early Bitcoin Investors "Were not as Lucky” - Crypto Advocate
Bitcoin advocate Pierre Rochard believes those adopting Bitcoin today are luckier than those who adopted the cryptocurrency earlier.
How Bitcoin's 2020 Record Price Run Past $18,000 Is Different From Its All-Time High in 2017
Bitcoin has once again soared to new heights, rallying above $18K and trading at $18,393.95 on CoinMarketCap at the time of writing.
Will Bitcoin Replace Gold as A 'Traditional Safe-Haven Asset?' Experts Debate
Nigel Green, CEO, and founder of financial consultancy firm deVere Group, addressed Bitcoin’s bullish traction on the crypto market and boldly stated on his Twitter platform that the cryptocurrency was potentially going to “knock gold from its long-held position” of being a safe-haven asset.
Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.
Bitcoin Price and Altcoins Spike On News of President Trump’s Recovery Against COVID-19
Bitcoin and altcoins have enjoyed a brief price surge on the back of news that President Trump could be discharged from hospital after his bout with COVID-19.
US Congress Planned Hearings on GameStop Market Conditions Shows Value of Bitcoin
The US House Financial Services and Senate Banking Committee has announced that it will hold hearings on the chaos surrounding GameStop stocks.
Bitcoin Maximalist Max Keiser says Investors Holding Assets Other than BTC and Gold are in Trouble
According to Max Keiser, due to the renewed expansion of the Federal Reserve’s balance sheet, all assets are in trouble, except gold and Bitcoin.
Bitcoin Price Conquers $12,000 But at Risk of Pull Back in the Current Stock Market Bubble Territory
While the tech sector and the Fed injections have led the US markets to rally higher, markets around the world have seen a similar trend, while the global economic recovery picks up its pace.
Bitcoin Addresses Sent to Exchanges Record a Monthly Low as BTC Hits a 17-Day High
New data by Glassnode reveals that crypto addresses sending Bitcoin to exchanges have recorded a monthly low. What does this mean?
Bitcoin Could Follow S&P 500’s Potential Fall After Slight Bullish Trend from US Employment Report
Bitcoin showed signs of a slight bullish uptick in its first session in July and maintained a short-term positive correlation with the S&5 500. Bitcoin and stocks investors are waiting for the next big decision that could drive a new rally—whether or not the Federal Reserve would expand its stimulus operation before it expires in July.
Bitcoin's Value to Increase Fivefold by 2023, Institutional Investors Swap Gold for BTC
Bitcoin’s price in 2020 has beaten stocks, gold, and many other assets in year-to-date return on investment (ROI). Even billionaire hedge fund manager Paul Tudor Jones has stated that he has just over 1 percent of his assets in Bitcoin.
Bitcoin Miners Are Not Selling But Accumulating Their Crypto Funds
Glassnode data shows that miners are not willing to sell their Bitcoins amid a market wide exchange shortage of the cryptocurrency. The shortage comes as institutions continue buying crypto assets in droves.
Why Bitcoin’s Price Is Rising Despite Selling Pressure from Crypto Whales
Bitcoin whales have been depositing their digital asset funds into exchanges recently, potentially signifying an intent to sell, according to CryptoQuant.
Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity
Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.
Open Interest in Bitcoin Futures Extends Gains, Nearing All-time High Reaching Over $5 Billion
According to data published by Bybt cryptocurrency futures and information platform, the current Open Interest in Bitcoin futures contracts has hit $5.35 billion.
Bitcoin Bulls Should Gear Up, SEBA CEO Predicts $75K ATH in 2022
Guido Buehler, the Chief Executive Officer of crypto-focused Swiss-based SEBA Bank is optimistic the digital currency will grow to a new ATH of $75,000 this year.
Bitcoin Is at a Critical Point on The Adoption Curve, Says On-Chain Analyst
Cole Garner, an on-chain analyst, has disclosed that BTC is at a critical inflection point in its adoption journey as institutional investors step in.
Billionaires and Bitcoin: Stan Druckenmiller’s Alarming Warning on Stocks While Paul Tudor Jones Remains Bullish on Bitcoin
Billionaire Stanley Druckenmiller said during a webcast held by The Economic Club of New York that the risk-reward calculation for equities is the worst he has ever seen in his career. The billionaire expressed his doubts about the US equities’ possibility of logging a V-shaped recovery. He added that government stimulus programs will not be enough for the economic recovery post-pandemic. Druckenmiller believes that cash liquidity required to pump assets that are considered risky will shrink shortly as the US Treasury will soon end the private economy which could overwhelm the Fed purchases through borrowing consistently.
What Pfizer's COVID-19 Vaccine Means for the Bitcoin Price Outlook
Bitcoin saw a negative correlation with the traditional stock market, as hopes of the old normal economy were to be revived again.
A Large Portion of Bitcoin Supply Stores in Cold Storage Based on the Bottoming Out of Dormant BTC Supply
Dormant Bitcoin supply for at least one year bottomed out at 54.2%, indicating that a large portion of BTC was stored in the cold storage.
Bitcoin Institutional Inflows Are Rising as Grayscale Bitcoin Portfolio Now Estimated to be Worth $23.69 Billion
Bybt crypto trading platform has disclosed that Bitcoin institutional inflows are not showing any signs of slowing.
What’s Different About Cryptocurrencies This Time Around?
Even people who haven’t been paying all that much attention to the markets over the last several months are likely aware that cryptocurrencies are one of, if not the hot investment topic.
Nassim Taleb “Black Swan” Author and Famous Investor Is Getting Rid of His Bitcoin
Nassim Nicholas Taleb, the author of “Black Swam,” has changed tune on Bitcoin. The famous investor has revealed that he is dumping his Bitcoin because of what he said that the digital currency does not store value.
Kraken CEO: Drive behind Bitcoin and Tech Stock Adoption in 2020 Linked to Risk of Holding USD
Much like other leaders in the crypto industry, Kraken CEO and co-founder Jesse Powell believes that Bitcoin is a key investment and will continue to be one.
Tesla Stock and Bitcoin Rebound with S&P 500, But Bitcoin Price and Crypto Crash Still Predicted
Tesla and Bitcoin’s price have both surged in the last 24 hours, however, chart analysis indicates that a Bitcoin price crash still looms for September.
“Bitcoin Better Investment than Gold," Winklevoss Says to Dave Portnoy Over Talks on Elon Musk’s Plans to Mine Gold in Space
In their interview with Dave Portnoy, Tyler and Cameron Winklevoss advised the "Davey Day Trader" to invest in Bitcoin rather than gold.
Bitcoin Sees Massive Pullback as Addresses With More Than 1K Coins Reach One-Month Low
Bitcoin is seeing a price correction as the number of BTC whales is reducing, but the market has nothing to fear as institutional investors are still holding down the fort.
Could Stock Market Turbulence and US Elections Send Bitcoin Crashing Down?
Bitcoin has plunged from highs of more than $11K to lows of $10,400, and analysts have looked at US stock markets to explain the cryptocurrency’s price dip.
Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism
New data indicates that institutional clients are increasingly buying Bitcoin via Grayscale Bitcoin Trust despite warning from Goldman Sachs.
Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead
JPMorgan strategists acknowledged Bitcoin's latest bullish momentum on the market but said that the asset may face "modest headwind" in the near future.
Most People Will Hold Bitcoin Instead of Investing in Stocks, Bonds or Real Estate, says Market Analyst
Pierre Rochard, a market analyst and a Bitcoin advocate, believes that most people will be more inclined to hold BTC than assets like stocks.
Bitcoin's Performance Outshines Gold and the S&P 500 Despite Recent Price Corrections
Bitcoin has outperformed gold and the S&P 500 in the past 12 months, but is the cryptocurrency's growth sustainable?
Bitcoin Set to Recover From the Coronavirus Pandemic-Triggered Global Financial Crisis?
The price of Bitcoin has seen a decline of 8 percent from the start of this year until early April, and 90% of Finder’s survey panel believe is caused by the coronavirus pandemic. Although COVID-19 made up for most of the explanation for the dip, many believe that the Plus Token scam also had an impact.
Here's How the Stock Market and the Bitcoin Price Responded as US President Donald Trump Has COVID
United States President Donald J Trump, and First Lady Melania Trump have both tested positive for COVID-19 stirring different reactions in the stock market.
Big Investors Are Fueling Bitcoin’s Record-Breaking Rally, According to PWC
Big four accounting firm PWC has acknowledged that big investors are driving the Bitcoin (BTC) price based on their overwhelming appetite for the leading cryptocurrency.
Bitcoin Whales Surge as Economic Inflation Meltdown Looms, Over 2000 Wallets Now Hold Over 1000 BTC
On-chain analytics data confirms that Bitcoin whales are forming quickly, likely as economic inflation looms.
Veteran Analyst Peter Brandt Exited Stocks and Bitcoin Portfolio, Returned To US Dollar
Veteran technical trader Peter Brandt cashed out his stock and Bitcoin portfolio just before the market crash on 3rd September.
6 Corporate Giants Hold Bitcoin Worth More Than $11.4 Billion
Blockchain insights provider BlockData has acknowledged that six corporate giants have taken the Bitcoin holding culture a notch higher as they have BTC worth more than $11.4 billion in their custody.
Goldman Sachs to Reopen Bitcoin Futures Trading after Three-Year Pause
Goldman Sachs plans to relaunch its Bitcoin futures trading after pressing pause on it in 2018 due to the crypto price fall experienced that year.
Is Bitcoin Finally Decoupling from S&P 500? BTC Soars While Stocks Plunge
Bitcoin has been displaying bullish behavior lately, gaining about 2% in the past week and bringing the crypto closer to a psychological threshold of $12,000.
Bitcoin Soars To New ATH, With the News That Morgan Stanley Set to Bet Big on BTC
Bitcoin just soared to a new ATH on the news that a Morgan Stanley unit, Counterpoint Global is considering a Bitcoin bet
Stock Market Responds Positively to President Joe Biden's Inauguration, but what about Bitcoin and Ethereum?
With the ascent of President Joe Biden into office, the stock market is bullish, but Bitcoin and Ethereum have failed to deliver as much of a gain.
Winklevoss Twins Brief David Portnoy on Bitcoin, BTC Talks Continue
American internet celebrity David Portnoy officially hosted the Winklevoss Twins at his house for a long-due conversation regarding Bitcoin (BTC) and cryptocurrencies.
Elon Musk Backs Bitcoin as His “Favourite” Crypto, Dogecoin Becomes First Altcoin to Outrank BTC in Tweet Volume
In the past 24 hours, Dogecoin has exponentially grown on the back of GameStop (GME)’s success, much to the delight of the cryptocurrency community.
It’s the Age of the Micro Investor and this is Good for Bitcoin – SkyBridge Capital Founder Scaramucci
Anthony Scaramucci believes that it is the age of retail traders, as they have triggered bull runs in stocks like GameStop and this is positive for Bitcoin.
Ethereum Shifting to Cold Wallets for DeFi-Related & Holding Activities
ETH supply on exchanges has been shrinking by being transferred to cold storage.
Ethereum—The Whole Forking History
Ethereum is the second most recognizable name in the cryptocurrency and blockchain space, next to Bitcoin. Ethereum was created to overcome the limitations of Bitcoin, which is essentially just a system for decentralized money, and push the boundaries of blockchain technology and decentralization. Like Bitcoin, it is supported by a peer-to-peer node network, meaning that it is essentially a decentralized server run by a vast number of computers with no central administrator or intermediary.
Ethereum Sustains Price Above Key Support Level as Addresses With 1+ Coins Hit ATH
Ethereum is trading above the $1,800 support level as its bull run is currently fueled by retail holders.
SEBA Bank Floats Ethereum Staking Service for Institutional Investors
Swiss-based digital bank SEBA has announced the launch of its Ethereum staking service, tailored to fit the needs of institutional investors.
Ethereum Recording Massive Retail Storm As Number of Ethereum Addresses Hit Another ATH
The total number of Ethereum addresses holding at least 0.1 ETH surges to a new high, a day after setting the milestone.
The Merge: Why Ethereum Investors Must Remain Cautious as Bellatrix Upgrade Goes Live
The Bellatrix Upgrade is set to go live on the Beacon Chain of the ETH Network today as the entire community prepares for the forthcoming merge of the current PoW chain with the PoS model.
Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector
The Shenzhen Stock Exchange, also known as the Shenzhen Stock Connect, has signed an agreement with the Guangdong Equity Exchange to jointly work on further developing the use of blockchain technology in the capital market sector.
Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department
The police department of the Haizhou district in Lianyungang, a coastal city in China published a notice on " information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme.
Why Jack Ma's Ant Group IPO was Suspended by Authorities
On Nov 3, the Shanghai Stock Exchange of China published an announcement titled "Decision on postponing the listing of Ant Technology Group Co., Ltd. on the Sci-Tech innovation board".
Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services
Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.
Is Dogecoin (DOGE) the New GameStop?
As retail Reddit and Twitter investors are being barred from trading GameStop on trading apps like Robinhood, a shift to Dogecoin is pumping the altcoin
Chainlink (LINK) to See Potential Correction as Investor Sentiment Show Concerning Signs
Chainlink (LINK) has been one of the best-performing cryptocurrencies in 2020 and has seen a 20% surge in the past 24 hours. Chainlink has set a new all-time high, the fourth time in less than two months, reaching $17.59 on Binance. Is a bear market coming?
UK Investment Firm Abrdn Acquires Online Crypto Broker Interactive Investor
The transaction will give Abrdn a platform that allows global customers to trade cryptocurrencies as well as other principal investments.
Walmart Installing Bitcoin ATMs in its Retail Stores
Some Walmart customers are now able to purchase Bitcoin in its stores. Walmart's spokesperson said serval pilot tests conducted by Coinstar started earlier this month, including 200 kiosks in Walmart stores.
GameStop Shares Surges 26% after Announcing Entry into NFT, Crypto Markets
GameStop said the company is entering the NFT market. Its shares on the Nasdaq exchange, GME, rose 26% in after-hours trading after the announcement.
French Giant Bank BNP Paribas to Launch Crypto Custody Business
BNP Paribas has partnered with Metaco to enter the cryptocurrency custody business. The bank will focus on providing institutional-grade custody for digital assets.
London Stock Exchange Acquires Cloud-based Tech Provider TORA for $325M
London Stock Exchange Group (LSEG) plans to buy U.S. cloud-based technology provider TORA for $325 million. The deal will add digital currency assets to its exchange to meet growing investor demand for diversified investment tools.
Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout
Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.
US Bank Debuts Crypto Custody Services for Fund Managers
America’s fifth-largest retail financial institution, US Bancorp, also known as US Bank, is set to provide cryptocurrency custody services.
PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv
PayPal Inc. has officially confirmed its plans to acquire the crypto startup company Curv.
Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff
Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, is set to onboard additional hands as it prepares for the growing demand in the digital assets ecosystem.
BNY Mellon Launches Crypto Custody Service - Report
Bank of New York (BNY) Mellon has announced that its digital assets custody service is now live as it seeks to deepen its foothold in the emerging cryptocurrency ecosystem.
Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves
The new partnership will mutually benefit Circle and Mellon Bank.
Green Lights to Texas State Chartered Banks to Provide Virtual Currency Custody Services
Texas state-chartered banks get the green light from the regulator in Texas of the United States for providing customer custody virtual currencies services.
Blackrock Rollouts Blockchain ETF for European Investors
The iShares Blockchain Technology UCITS ETF targets institutional and professional investors in Europe.
Paypal to Complement its Latest Crypto Drive by Launching Stock Trading for US Customer
Paypal is reportedly on track to launch a stock trading service for its US customers.
Woori Financial Group To Provide Cryptocurrency Custody Services
South Korean Woori Financial Group has announced that it will establish a digital asset custody joint venture with Korean blockchain developing company Coinplug.
Valkyrie Starts Trading Bitcoin Futures ETF on the Nasdaq Stock Exchange
Valkyrie becomes the second investment firm to begin trading its Bitcoin Futures ETF on the public market. ProShares was the first.
One-third of Staff Laid Off in Digital Investment Group NYDIG: WSJ
Wall Street Journal citing sources revealed that the New York-based digital investment group NYDIG laid off nearly a third of its workforce, about 110 people in total.
Telegram Hit With $18.5 Million SEC Fine and Set to Return $1.2 Billion to Investors as it Dissolves TON Project
Telegram will return $1.2 billion to investors and pay a fine of $18.5 million to the SEC as it dissolves TON network. But community members seek to revive the project.
FCA Warns Companies on Crypto Mergers
The crypto market in the UK received a warning from the financial watchdog following an acquisition announcement by Bitpanda.
Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application
Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.
Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement
In its lawsuit, Jason Stone, a former manager at Celsius Network, has accused the crypto lending firm of engaging in fraudulent deals, including price manipulation of Celsius's token.
Titanium Blockchain's CEO Pleas Guilty of ICO Fraud worth $21m
Michael Alan Stollery, CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS), has been convicted of involving multiple fraudulent accounts in a 2018 initial coin offering (ICO).
Bakkt And Galaxy Digital Announce New Bitcoin Service Aimed at Institutional Investors
Regulated bitcoin futures provider Bakkt and Galaxy Digital’s trading arm seek to cater to the rising institutional demand for Bitcoin. The two firms have just developed a new service targeting institutional investors looking to purchase and store Bitcoin.
Kraken Is the First Cryptocurrency Exchange to Become a US Bank
Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.
DBS Bank To Launch Its Crypto Exchange for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH)
Singaporean multinational banking and financial services firm DBS Bank Ltd. has confirmed that it will be launching its digital asset exchange next week.
Israel's Stock Exchange to Launch a New Platform for Digital Asset
The Tel Aviv Stock Exchange is planning to create a crypto platform through a project that will span for 5 years
Australian Crypto Exchange BTC Markets Accidentally Exposes 270,000 Customer Names and Emails
BTC Markets, the largest cryptocurrency exchange in Australia, has accidentally exposed customers’ data, an incident that has put users at risk of phishing attacks.
Japan’s Crypto Exchange Coincheck to List on NASDAQ Stock Market in July 2023
Coincheck wants to list its shares on the Nasdaq through a merger with a SPAC company.
Germany’s Financial Regulator Warns Binance Over Stock Token Offering
Germany's financial regulator BaFin has warned Binance that it may be violating European securities laws with the introduction of its stock token trading.
Coinbase’s Direct Listing Reference Price Set at $250 per Share by Nasdaq
The Nasdaq Stock Market has set a reference price of $250 per share for the direct listing of Coinbase Global Inc., the largest US crypto exchange that will go public on April 14.
Coinbase Reportedly Planning to Go Public This Year—Paving the Way for the Next Phase of Crypto Adoption
According to sources, Coinbase has started planning for a stock market listing this year, which would make it the first major US cryptocurrency exchange to go public.
Binance to Launch UK Crypto Exchange to Meet Client Demand
Binance, the leading cryptocurrency exchange has announced that it will launch a regulated crypto trading platform in the UK, in the coming months. Binance.UK is planning to create a trading platform to allow retail and institutional investors to sell and buy cryptocurrencies using euros and pounds.
Microstrategy Stock Sees Insider Selloffs With Bitcoin's Latest Correction
Two top executives of MicroStrategy has offloaded part of their stock holdings, a move that may trigger scepticism related to the recent BTC price slump.
ADDX Introduces Cash Management Tool ADDX Earn
ADDX has introduced a cash management tool for investors which consists of a solution that aims to withstand short-term volatility while preserving capital.
Stock Trading App Public.com Takes Aim at Rival Robinhood With New Crypto Service Launch
Public.com, an emerging stock-trading and ETF trading app, plans to make a play for unveiling its new cryptocurrency offerings, which could come as soon as the next few weeks.
Bitcoin Futures Exchange BitMEX to Block Ontario Crypto Traders
Cryptocurrency derivatives exchange BitMEX announced today that it planned on removing its trading platform services from a Canadian province.
Crypto Exchange FTX Offers Stock Trading Services to All Users in US
Cryptocurrency exchange FTX.US has opened stock trading services to all users in the US.
Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims
Ernst & Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.
Binance Launches Premier Platform for VIP Users and Institutional Investors
Binance has launched a new trading platform solution for VIP and Institutional clients to allow them to easily execute digital assets trades and capture market opportunities more effectively.
Nasdaq to Offer Institutional Crypto Custody Services
Nasdaq Global Select Market is reportedly on track to dive deeper into the digital currency ecosystem, with preliminary plans to offer custody services of Bitcoin and Ethereum for institutional clients.
Stockbroker Pello Capital Starts Accepting Fees Payment in Crypto
Pello’s institutional customers can now pay for their management fees using cryptocurrencies such as Bitcoin, Ether, USDT or Litecoin.
Unstoppable Domains Pairs with MoonPay to Optimise Crypto Payments
Unstoppable Domains is introducing an easier way for clients to buy crypto on MoonPay. Users will be able to use their customized domain names as a wallet when buying assets on the platform.
Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu
China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.
PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison
The ringleaders of the PlusToken Ponzi Scheme have been charged with 11 years of prison after they stole cryptocurrencies worth 14.8 billion yuan.
Tech Stocks to Grow this Year thanks to Crypto & Metaverse, Wall Street Analyst Says
Cyrus Mewawalla believes that tech companies whose operations extend into the metaverse and crypto will end up in gains at the end of the year, despite the massive uncertainties that might be experienced in the stock market this year.
Bitcoin Convert Jim Cramer says Wall Street Ignoring COVID-19 Cases, Biden Election Fraud Dispute and Collapse in Stimulus Talks
Bitcoin convert and CNBC analyst Jim Cramer thinks Wall Street is ignoring market risks from rising US COVID-19 cases, the 2020 election dispute, and collapse in stimulus talks.
GameStop's Blockchain Chief Matt Finestone Departs from Company
Matt Finestone, head of the blockchain team of GameStop Corp, announced his departure after working 1.5 years at the company.
Twitter Followers Advise Elon Musk to Invest 10% of Tesla Stock in Cryptocurrencies, Poll Says
Elon Musk has received responses from the majority of his Twitter followers. The renowned investor recently asked whether he should sell 10% of his Tesla stock.
Fed Governor Christopher Waller Says US CBDC Not Necessary for Dollar’s Supremacy
Waller said the Fed has not made decisions concerning CBDCs. He stated that his remarks are aimed at giving a free and open dialogue on the utility of such digital currencies.
Billionaire John Paulson Describes Crypto as “Worthless Bubble”, Will Eventually Crash to Zero
Legendary Billionaire investor, John Paulson, has trashed cryptocurrency. Paulson now calls cryptocurrencies a bubble that will eventually prove to be worthless. He instead recommends gold as a safe haven asset.
GameStop, Dogecoin and Crypto: Making Sense of The Wild Current Financial News
I have been watching the exploits of the rag-tag group of Reddit traders who have upended Wall Street's status quo. As an investor, the absurdity of both Wall Street and Reddit is apparent. I will continue to support open and decentralized platforms like Bitcoin. Here is my take on where we go from here.
Revolut CEO Breaks Silence on Russian-Ukraine War, Condemns Violence
The Chief Executive Officer of a digital banking app Revolut Nikolay Storonsky has condemned the Russian invasion of Ukraine and will donate up to £1.5 million per day to Red Cross Ukraine for the next seven days.
First Belgian Elected as European Legislator to Accept Salary in Bitcoin
Following in the footsteps of New York City Mayor Eric Adams, Brussels MP Christophe De Beukelaer intends to convert his salary to Bitcoin.
Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch
Cardano recently partnered with Coinbase Custody to allow ADA holders to stake and store their funds in a secure cold wallet. The launch is expected in Q4 of 2020, once the staking rewards on Cardano’s Shelley mainnet becomes available.
Could Current DeFi Rebound be Indicative of Broader Market Revival?
The growth of the DeFi subsector is quite unusual as the combined market cap had a 0.69% growth over the same time frame.
How DeFi Protocol Insurance Boosts Confidence Among Investors?
The role of DeFi protocol insurance has become more important that DeFi users cannot overlook.
DeFi Protocol to Enable Tokenized Stock Trading of Google, Amazon, and Tesla on Its Platform
Injective Protocol has partnered with Terra and Band Protocol to introduce stock trading on its platform.
DeFi and Crypto Community Explode as Robinhood Halts GameStop (GME) Trades
Robinhood’s decision to stop the purchases of GameStop (GME) shares, along with AMC and Blackberry (BBE), has spurred outrage from the cryptocurrency community.
Crypto User Scammed Out of $20,000 on Fake Uniswap App
A user has lost $20K after placing his private key backup phrase in a fake Uniswap mobile app available on the Google Play store.
Over 50% Crypto Investors Backup Security Keys by Paper Wallets, Threatening its Vulnerability
New research by Unstoppable Domains, Efani, and NGRAVE found that more than half of crypto investors at 54% store their security keys on a paper wallet amid intensified cyber attacks.
GameStop Launches Self Custodial Wallet for Crypto, NFTs
Video game retailer, GameStop Corp is advancing its reach into the Web3.0 ecosystem with the launch of its new digital currency wallet
GameStop Launches Public Beta Version of NFT Marketplace
Video game retailer GameStop Corp announced the launch of a public beta version of NFT marketplace to provide players with faster, cheaper, and more secure access to digital property rights.
GameStop Announces New Partnership with Immutable X
GameStop Corp has unveiled a new partnership with blockchain-based Non-Fungible Token (NFT) platform, Immutable X to extend its foothold in the NFT ecosystem.
Apple's New Guidelines Permit NFTs But There's a Caveat
Apple Says developers can now add NFT functionalities on Apps, but it leaves a wide caveat in its updated guideline
Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs
SEBA bank has expanded the reach of its crypto offerings with a new service dedicated to custody for NFTs
Apple to Permit Developers to Host NFT-Based Apps on App Store
American multinational tech giant Apple Inc is coming to terms and is billed to allow Web3.0 startups to sell their Non-Fungible Tokens (NFT) through its App Store.
GameStop to Launch NFTs Marketplace by the End of Q2
GameStop has joined other game firms like Square Enix and Ubisoft who are getting into NFTs.
NYDIG Launches Wolf an Accelerator for the Lightning Network
NYDIG's parent company, Stone Ridge has launched a new accelerator designed for the Lightning Network
The Nascent Primary Market of Security Token Offerings
Now that the ICO market bubble ebbed away security token offerings (STOs) have emerged, allowing investment in regulated securities recorded on a blockchain according to new research from the Oxford Faculty of Law
The Old World. What is going on with Digital Assets in Europe?
Europe is an enormous market of more than half a billion people. As small amounts up to 8 million euros may be raised without registration of the offering, it is a very attractive market for international projects looking to reach new investors for their security token offering.
SEC Delays Decision on Overstock-Backed Security Token Exchange
The SEC has extended the timeline for its to disapprove or approve operations by the BSTX, a security token exchanged affiliated with Overstock’s blockchain arm tZERO.
4 Reasons Why Sushi Token Price Dropped Below $1
SushiSwap token dropped below $1, here is why.
US Should Register Ripple’s XRP Token as a Security, Says Market Expert Peter Brandt
The question of whether Ripple’s XRP token should be classified as a security remains unclear and has been debated upon.
New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions
Bayride has revealed RideNode, a new transportation virtual and blockchain currency that seeks to transform the payment structures in this sector. America’s ride-hailing industry is touted to be revolutionized because RideNode will offer direct transactions between the service provider and consumers.
How Kaspersky Protects Investors During Token Sales in 7 Ways
In the exclusinve interview with Blockchain.News, Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky shares the latest trend on cybersecurity threats in crypto fundraising and how Kaspersky's solutions can protect investors in 7 ways.
Ethereum Co-Founder Buterin’s Ether Sales More Like a Security Offering than XRP, Attorney Argues
In the Securities and Exchange Commission's lawsuit against Ripple Labs, many XRP proponents have argued that the cryptocurrency bears resemblance to Ethereum (ETH) and should therefore receive a similar regulatory treatment.
With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest
BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.