BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance […]
Grayscale has submitted an updated filing for its Bitcoin ETF to the SEC, potentially bringing it closer to approval. The filing is an amended S-3 prospectus, indicating that Grayscale has made changes to their offering documents based on feedback from the SEC. Bloomberg ETF analyst James Seyffart noted that while there were not significant changes, […]
Binance, one of the largest cryptocurrency exchanges, has recently pleaded guilty to violating US money laundering laws. The US Department of Treasury has accused the exchange of negligence in reporting illicit transactions that took place on its platform. As a result, Binance has agreed to settle charges amounting to $4.3 billion.The charges against Binance include […]
Grayscale Investments is making progress in its efforts to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). The company recently met with the Securities and Exchange Commission (SEC) to discuss NYSE Arca’s proposed rule change regarding the listing and trading of shares of the Grayscale Bitcoin Trust. The SEC memo revealed […]
HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three hot wallets, leading to the swapping of user and exchange assets for Ether. The stolen funds were then distributed […]
The trustee of bankrupt Mt. Gox, one of the pioneer exchanges in the crypto industry, is set to begin repaying the firm’s creditors in cash. This comes nearly a decade after the exchange suffered a catastrophic hack that resulted in the loss of 850,000 Bitcoin. The repayment process will start within the 2023 calendar year […]
Nvidia, a leading technology company known for its high-performance chips, has reported strong financial results. However, the market was disappointed, and Nvidia’s stocks declined in after-hours trading. Despite this, Nvidia’s CEO, Jensen Huang, remains optimistic about the company’s future. He believes that the strong growth reflects a transition into a new era of computing, driven […]
Binance, the world’s largest cryptocurrency exchange, is undergoing significant changes following a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Binance CEO Changpeng Zhao has resigned and pleaded guilty to charges related to violating the Bank Secrecy Act. The penalty for these charges amounts to a staggering $4.3 billion, […]
Nvidia, a leading technology company known for its high-performance chips, has reported strong financial results. However, the market was disappointed, and Nvidia’s stocks declined in after-hours trading. Despite this, Nvidia’s CEO, Jensen Huang, remains optimistic about the company’s future. He believes that the strong growth reflects a transition into a new era of computing, driven […]
Amidst speculation and uncertainty surrounding the departure of Changpeng “CZ” Zhao as CEO of Binance, the new CEO Richard Teng has taken to social media to reassure investors. Following CZ’s announcement, critics of Binance expressed concerns about the source of funds for legal proceedings totaling over $4 billion and discrepancies in the exchange’s proof of […]
