Lee Reiners, policy director at the Duke Financial Economics Center, recommended that banking agenices restrict the crypto industry from accessing the banking system while testifying to the Senate Banking Committee on Tuesday. The professor claimed that crypto has produced nothing of benefit during the 14 years since Bitcoin’s whitepaper was published. What to Do About...Read More
The United States Securities and Exchange Commission (SEC) plans to propose new rules that would toughen the requirements for cryptocurrency firms to become qualified custodians for institutional fund managers. Although the draft proposal will be submitted on Wednesday, the affected area remains unclear, Bloomberg reported, citing people familiar with the matter. Crypto Firms to Face...Read More
Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. According to data from blockchain data platform Dune Analytics, a total of 81,468 Ordinals have been inscribed into the Bitcoin network. This has caused an upsurge in...Read More
A new survey conducted by the world’s largest cryptocurrency exchange Binance discovered that having an interest in crypto could make people more attractive. Binance conducted the study from February 6 to 9, 2023, surveying 2,600 participants aged 18 to 46. Interest in Crypto is a “Significant Plus” The survey discovered that an active interest in...Read More
African victims are speaking up about FTX after a variety of promotional schemes lured them into putting their money into the now-defunct industry giant. One such deal was an ambassador program promising 40% commissions to members who invited their friends to join the exchange. Africans Speak Out FTX Africa promoted its ambassador program in early...Read More
Recently, during the FOMC meeting, the Federal Reserve had a soft approach towards interest rate hike as there was only 0.25% interest rate hike instead of 0.50%. Today the traders and investors had hoped that there will be a decreased inflation rate in January. This positive anticipation had resulted in a slight market recovery as...Read More
The founder and chief executive of Binance spoke in a Twitter AMA (Ask Me Anything) about different hot topics in the cryptocurrency community as of now, with one of them being expectedly the BUSD clampdown from US authorities. He suggested that the global cryptocurrency ecosystem would benefit if dollar-pegged stablecoins face rivals from other such...Read More
The United States Department of Labor outlined the inflation numbers for the first month of 2023, which were slightly different that the expectations. Bitcoin reacted with an immediate price drop that drove it from $21,900 to $21,600 in minutes. The US government announced the latest CPI numbers on February 14, indicating that the Consumer Price...Read More
The dot-com bubble, which affected tech stock prices in the late 1990s and early 2000s, was caused by media coverage of the burgeoning Internet business and investors’ expectations of dot-com profits. When interest rates soared, the dot-com crash was directly caused. The Federal Reserve raised the fed funds rate, which affects most other interest rates,...Read More
Following a spree of layoffs across the crypto industry in 2022 – a microcosm of the tech industry at large, which also saw plenty of reductions last year – Magic Eden becomes the latest company to cut its headcount. Restructuring Partly Due to Solana Evolution Magic Eden, an NFT marketplace that up until recently targeted...Read More
[PRESS RELEASE – Please Read Disclaimer] ND Labs, an international blockchain consulting and development company, has announced the launch of enterprise blockchain development services. In January 2023, the company with development offices in the United States and Poland started offering enterprise blockchain development services as blockchain-based solutions may help businesses reduce costs, generate greater profits,...Read More
[PRESS RELEASE – Abu Dhabi, Abu Dhabi, 13th February 2023] Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases. DAO Maker will...Read More
United States District Judge Kevin Castel has approved the Justice Department’s request to stay the civil lawsuits filed by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) against Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt crypto exchange FTX. According to a Reuters report, prosecutors believe delaying the...Read More
The SEC has locked horns over the entire crypto space with the recent crackdown on Paxos which is a fully regulated entity, with a license from the New York State Department of Financial Services (NYSDFS). Soon after this, huge FUD outspread within the space, and addressing the issue, the CEO of Binance, in a series...Read More
Cathie Wood, Founder and CEO of Ark Invest, continues to be bullish on Coinbase, whose share price is down by nearly 85% from its all-time high of $348.98 on November 12, 2021. Making the third investment in two months and fourth since November, Ark Invest acquired $9.2 million worth of COIN shares on Friday, media...Read More
