Mário Centeno, Governor of Banco de Portugal, has called for international cooperation to create a “robust framework” for regulating and supervising crypto assets and decentralized finance (DeFi). He believes that regulating these global risks and international players at the national level is not enough. He expressed his disbelief in the democratizing potential of digital assets […]
The United States Securities and Exchange Commission (SEC) is expected to reach a final verdict on the seven firms in question by mid-March. Eric Balchunas, an ETF analyst at Bloomberg, has adjusted the probability of a spot Bitcoin ETF gaining approval by the close of 2023 to 75%, and further increased those odds to 95% […]
A class-action lawsuit has been brought against Binance.US and its CEO, Changpeng Zhao, accusing them of attempting to monopolize the cryptocurrency market and negatively impacting competitor FTX. The lawsuit claims that Zhao used social media, particularly Twitter, to spread information and manipulate the market value of FTX’s utility token FTT. It is alleged that Zhao […]
On October 2, nine Ethereum futures ETFs were launched in the US, but initial trading volumes were low according to industry experts. Eric Balchunas, a Bloomberg ETF analyst, said that the volume was “pretty meh” and less than $2 million had been traded by midday. This was compared to the first Bitcoin futures ETF, BITO, […]
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, has been granted a license to offer crypto brokerage services to accredited investors and institutions in Singapore. The Major Payment Institution Licence (MPIL) was granted by the Monetary Authority of Singapore (MAS). Sygnum Singapore also plans to expand its regulated offering to the Asia–Pacific (APAC) markets, […]
TYRION, a trailblazer in decentralized advertising, has announced its strategic move to build its advertising platform on Coinbase’s Base Chain. This move is intended to revolutionize and decentralize the $377 Billion digital advertising landscape.Base Chain is renowned for its robust scalability, security, and efficiency, and aligns seamlessly with TYRION’s mission to offer unparalleled advertising solutions, […]
Chainalysis, a blockchain sleuth company valued at $8.6 billion last year, has announced a layoff of approximately 150 of its 900 staff members. This follows a smaller layoff of 4.8% of staff back in February. CEO Michael Gronager has stated that the layoffs are a necessary part of the firm’s pivot towards clients in the […]
Silvergate Bank, a crypto-friendly institution, collapsed this year due to its over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to the Federal Reserve’s Office of Inspector General. In 2013, the bank changed its strategy to focus on customers engaged in crypto activities, leading to rapid growth from $1 billion to […]
Bitcoin’s price has surged above the $28,400 level, triggering $110 million in liquidations across the cryptocurrency futures market. The asset’s value has shot up since yesterday, reaching as high as $28,500. Other top assets in the sector have also seen rallies of their own.The crypto sector has seen many liquidations in the past day, with […]
JPMorgan CEO Jamie Dimon believes that artificial intelligence (AI) could be applied to every single process of the firm’s operations and may even replace humans in certain roles. In an interview with Bloomberg, Dimon said he expects to see “all different types of models” and tools and technology for AI in the future. He added […]
