As October begins, the financial world is keeping a close eye on Shiba Inu, a cryptocurrency that has historically seen significant gains in the month. Data from CryptoRank shows that the token has seen an average 422% surge in October since its debut. If the token continues on its current trajectory, it could potentially reach […]
The U.S. dollar has surged to its highest point in ten months against a range of major currencies, driven by the Federal Reserve’s unwavering commitment to raising interest rates and maintaining them at elevated levels, as well as the steady rise in benchmark 10-year Treasury yields. This surge has caused the euro to approach a […]
Space and Time, a pioneering AI-driven decentralized data warehouse, has announced its integration with Chainlink, a leading Web3 service provider. This partnership will allow Chainlink to use Space and Time’s innovative “Proof of SQL” verifier on its nodes, ensuring trustworthiness in blockchain functions. The Proof of SQL is designed to facilitate verifiable and zk-proven results, […]
The Zuger Kantonalbank is the first cantonal bank in Switzerland to offer customers direct access to Bitcoin, Ether and other crypto-assets. The bank is partnering with Sygnum to launch trading and storage of crypto-assets immediately, allowing them to take the lead among cantonal banks. Customers will have access to the crypto-world without leaving their usual […]
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions.The project leverages the concepts of Decentralized Finance (DeFi) technology […]
Chase Bank UK has recently announced that it will no longer accept payments related to crypto DeFi protocols. This decision has been met with criticism from crypto veteran investor and business magnate Brian Armstrong, who has advised UK crypto holders to close their Chase accounts. Coinbase and other top crypto exchanges have increased their global […]
This week saw a number of developments in the cryptocurrency space. Valkyrie Investment Group announced that it will start offering exposure to Ether futures in the coming days, allowing investors access to Ether and Bitcoin futures “under one wrapper”. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the […]
Georgia is taking a major step towards digital currency with the National Bank of Georgia (NBG) aiming to ensure that its central bank digital currency (CBDC), the digital lari, can interoperate with a future digital euro while maintaining the nation’s monetary independence. The NBG recently announced its plans to progress research on the digital lari […]
CoinShares, a European cryptocurrency investment firm, is optimistic about the regulatory climate in the United States as it enters the new market. On Sept. 22, CoinShares officially announced the launch of its new division, CoinShares Hedge Fund Solutions, which marks the first time the firm has offered its services to qualified U.S. investors. CoinShares’ entrance […]
The European Commission has taken the initiative to commission a study aimed at developing a comprehensive methodology to reduce the environmental impact of crypto-assets. The Commission’s call for proposals explicitly addresses the need for innovative solutions to minimize the carbon footprint of cryptocurrencies. The Commission has allocated approximately 800,000 euros for this study, which is […]
