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10 months, 1 week agoCelsius Network to Unstake Ethereum Holdings for Creditor Distribution
Celsius Network, a cryptocurrency lender, has announced plans to unstake its Ethereum (ETH) holdings in order to distribute assets to creditors. The company will carry out a significant unstaking event in the…
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bob wrote a new post
10 months, 1 week agoCelsius Begins Asset Recall and Rebalancing to Repay Creditors
The bankrupt crypto lender, Celsius, has announced that it will be recalling and rebalancing its assets as part of its restructuring process. This includes unstaking nearly $470 million worth of Ether (ETH) in…
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bob wrote a new post
10 months, 1 week agoUBS Bolsters Middle East Presence with New Management Team and Expansion Plans
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its…
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bob wrote a new post
10 months, 1 week agoUBS Bolsters Middle East Presence with New Management Team and Expansion Plans
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its…
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bob wrote a new post
10 months, 1 week agoSEC Files Motion for Summary Judgment in Case Against Binance
The United States Securities and Exchange Commission (SEC) has filed a motion in federal court requesting a summary judgment ruling in its case against cryptocurrency exchange Binance. The SEC argues that a recent…
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10 months, 1 week agoFinancial Experts Pessimistic About Approval of Bitcoin ETF in the US
A recent survey conducted by ETF issuer Bitwise reveals that only 39% of U.S.-based financial advisers believe that a spot Bitcoin exchange-traded fund (ETF) will be approved this year. The survey, which included…
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10 months, 1 week agoBitcoin ETF Approval Speculation Reaches Fever Pitch on Social Media
Speculation is running high on social media that the U.S. Securities and Exchange Commission (SEC) is on the verge of approving a spot Bitcoin exchange-traded fund (ETF). This speculation has been fueled by a tweet…
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bob wrote a new post
10 months, 1 week agoCelsius Begins Asset Recall and Rebalancing in Preparation for Creditor Distributions
Embattled crypto lending platform Celsius has announced that it is recalling and rebalancing its crypto assets, including Ether (ETH), in preparation for distributing funds to creditors. The company, which has been…
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bob wrote a new post
10 months, 1 week agoNigerian Banks and Fintech Operators Launch cNGN Stablecoin to Bridge Gap Between Naira and Digital Currencies
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian…
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bob wrote a new post
10 months, 1 week agoBanks Generate More Revenue from Financing Green Projects than Fossil Fuels for Second Consecutive Year
For the second consecutive year, banks worldwide have generated more revenue from financing environmentally friendly projects than from traditional fossil fuel businesses. In 2023, the largest banks globally saw…
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bob wrote a new post
10 months, 1 week agoVenture Capital Fundraising Hits Six-Year Low, Puts Start-ups Under Pressure
The fundraising of US venture capital firms has fallen to its lowest level in six years, putting pressure on start-ups. American venture capital firms raised $67 billion last year, the lowest annual value since…
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bob wrote a new post
10 months, 1 week agoJapan Introduces Tax Exemption for Token Issuers, Boosting Crypto Ecosystem
Japan has announced a groundbreaking tax exemption for token issuers, signaling its commitment to fostering innovation and attracting investment in the digital asset space. The National Tax Agency of Japan has…
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bob wrote a new post
10 months, 1 week agoCelsius Initiates Asset Shift to Facilitate Creditor Distributions and Ethereum Unstake
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11…
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10 months, 1 week agoGamma Strategies Faces Security Exploit, Raises Concerns Among DeFi Investors
The decentralized finance (DeFi) sector has been hit by a potential security exploit, raising concerns among investors. Gamma Strategies, an Ethereum-based asset management protocol, has experienced an anomaly that…
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10 months, 1 week agoUpcoming Hearing to Address Cryptocurrency Regulation and Investor Protection
A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns…
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10 months, 1 week agoAsset Managers File Notices to Register Bitcoin ETFs with SEC
Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges.…
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bob wrote a new post
10 months, 1 week agoSouth Korea Proposes Ban on Credit Card Purchases of Cryptocurrency
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money l…
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bob wrote a new post
10 months, 1 week agoSouth Korea Proposes Ban on Credit Card Purchases of Cryptocurrency
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money l…
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bob wrote a new post
10 months, 1 week agoRiema Labs Secures Funding to Launch Groundbreaking Bitcoin Data Availability Layer
Riema Labs, a leading player in the Bitcoin ecosystem, has successfully concluded its angel investment round, securing crucial funding for the launch of its groundbreaking product. This product, called Nubit,…
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bob wrote a new post
10 months, 1 week agoTuttle Capital Files for Six Leveraged Bitcoin ETFs, Aiming to Magnify Returns
Investment firm Tuttle Capital has made a bold move in the crypto space by filing for six leveraged Bitcoin Exchange-Traded Funds (ETFs) with the SEC. These ETFs aim to provide users with magnified returns, seeking…
