Solidus Labs, a crypto-native trade surveillance and risk monitoring firm, has released a report that reveals wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. The report found that wash traders manipulated 67% of the 30,000 DEX liquidity pools analyzed, accounting for 16% of the total […]
The decentralized finance (DeFi) ecosystem has seen a decline in on-chain economic activity in August, according to an analysis from investment manager firm VanEck. Exchange volume dropped to $52.8 billion, 15.5% lower than in July.The findings are based on VanEck’s MarketVector Decentralized Finance Leaders Index (MVDFLE), which tracks the performance of the largest and most […]
PayPal’s venture into the digital currency market has the potential to initiate groundbreaking innovations in crypto services, from hosting crypto wallets to providing advanced trading tools. As PayPal navigates through the complex terrain of regulatory compliance, it paves the path for other fintech companies to follow suit, promoting widespread acceptance of digital currencies in everyday […]
The largest bank in Germany, Deutsche Bank, is making a deeper foray into the crypto industry. This week, the bank signed a partnership agreement with Geneva-based crypto infrastructure provider Taurus to offer customers secure crypto custody and tokenization of assets. This follows an investment in the Swiss startup in February and the subsequent application for […]
German financial giant Deutsche Bank has announced a global partnership with Swiss startup Taurus to provide digital asset custody and tokenization services for its clients. The bank, which has total assets of over $1.4 trillion, will use Taurus’ technology to manage cryptocurrencies, tokenized assets, and digital currencies. Taurus co-founder Lamine Brahimi said the partnership is […]
The Japanese government has recently announced a noteworthy relaxation of regulations about startup funding, allowing startups to accept digital assets as an alternative to traditional stocks. This regulatory shift aims to foster a more supportive and inclusive environment for startups by diversifying their financing options and aligning Japan with international standards in handling digital currencies.Under […]
Sam Bankman-Fried, the former CEO of FTX, is facing multiple criminal charges related to alleged misuse of user funds. Documents provided by crypto influencer Tiffany Fong revealed details about Bankman-Fried’s life while under house arrest and his thoughts on the legal team handling FTX’s bankruptcy case. Bankman-Fried reportedly drafted a 15,000-word Twitter thread but never […]
BitGo and Swan Bitcoin have announced plans to create a Bitcoin-only trust company in the United States, pending regulatory approval. The company will offer Bitcoin custody, administration and management services to institutional investors, such as asset managers, pension plans, and family offices, as well as governments and company treasuries. It will also provide cold storage, […]
The Japanese government is set to adjust regulatory frameworks, allowing startups to raise funds by issuing digital assets to investors. This decision is part of Japan’s ongoing efforts to diversify capital-raising platforms for its domestic startups, aligning itself with the global trend of embracing digital assets. Prime Minister Fumio Kishida has emphasized his government’s commitment […]
Binance.US, the American arm of the leading crypto exchange Binance, has recently lost two key executives amid increased scrutiny from regulators. Krishna Juvvadi, the head of legal, and Sidney Majalya, the chief risk officer, are the latest in a series of high-level departures from the exchange. Juvvadi was reportedly one of Binance.US’s main points of […]
