Bitget, a top crypto derivatives and copy trading platform, has released its latest monthly Proof of Reserves (PoR) report, showing a total reserve ratio of 208%. This report is part of Bitget’s commitment to comprehensive transparency and to ensure that user funds are fully backed 1:1 and available on demand.Gracy Chen, Managing Director at Bitget, […]
Tom Emmer, the Majority Whip of the U.S. House of Representatives, has introduced an amendment that has drawn attention to the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry. In his statement, Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority and is negatively affecting the American people. He urges […]
Ripple, a leading enterprise crypto company, has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, to expand its position in the cryptocurrency market and bolster its regulatory credentials. The acquisition follows Ripple’s purchase of crypto custody firm Metaco, solidifying its position in the cryptocurrency market. Fortress Trust’s Nevada Trust license expands Ripple’s regulatory credentials, […]
The past week in the DeFi ecosystem was filled with highs and lows. The U.S. Commodity Futures Trading Commission (CFTC) launched an investigation into multiple DeFi protocols, while Binance CEO Changpeng Zhao predicted that DeFi would outgrow centralized finance (CeFi) in the next bull run. However, a report from the Bank for International Settlements (BIS) […]
JP Morgan, a multinational financial services firm, is exploring the potential of a new type of token that could speed up cross-border payments and settlements. The token, known as a deposit token, would act as a digital version of deposits held in customers’ accounts and could be denominated in dollars and other fiat currencies. The […]
The Commodity Futures Trading Commission (CFTC) has intensified its focus on the decentralized finance (DeFi) space, issuing simultaneous orders against Opyn, ZeroEx, and Deridex, Inc. for allegedly offering illegal digital asset derivatives trading and failing to comply with regulatory requirements. Opyn, ZeroEx, and Deridex are accused of failing to register as a swap execution facility […]
Ripple has recently acquired Fortress Trust, a Nevada-based chartered trust company, for an undisclosed sum. This acquisition will add a Nevada license to Ripple’s current holdings, such as the New York BitLicense and money transfer licenses across 30 U.S. states. The purchase will enable Ripple to leverage on Fortress Trust’s technology, licensing, and infrastructure, allowing […]
Travis Kling, founder of Ikigai Asset Management, has recently warned of a potential “implosion” at Binance, citing a timeline of “negative events” since December 2022. These events include withdrawal from certain jurisdictions, mass layoffs, and lawsuits from the US’s chief market regulators. Kling suspects Binance may have an FTX-like asset-liability mismatch, which is when exchanges […]
Station Wallet, powered by Terra Money, has announced the integration of Injective blockchain. This integration allows users to view, send, and receive tokens on Injective, with staking and governance expected soon. Station Wallet is the ultimate multichain wallet, allowing users to access decentralized applications (dApps) on various cosmos chains.Injective is set to enjoy greater adoption […]
Coinbase has announced plans to expand its operations to major financial jurisdictions around the world. CEO Brian Armstrong has expressed concerns about the lack of regulatory certainty in the U.S., so the exchange is targeting the EU, U.K., Canada, Brazil, Singapore and Australia as immediate priorities. Coinbase is in the process of selecting a location […]
