The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to “secure” FTX’s digital assets. The Securities Commission of The Bahamas says the continued âhacking attemptsâ on FTXâs digital assets prove they made the right call to take control of the exchangeâs assets on Nov. 12. In… More
Binance CEO Changpeng Zhao said self-custody is a âfundamental human right,â while Michael Saylor said self-custody is necessary to prevent powerful actors from accumulating and abusing power. Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX. In a Nov. 13… More
The company said this acquisition is expected to diversify and bolster Bakktâs revenue as it scales its offerings. Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its… More
The five-year plan includes tokenizing various classes of digital assets and smart contracts. The Tel Aviv Stock Exchange (TASE) disclosed on Oct. 24 the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of a new strategic plan for 2023 to 2027. Regarding its venture into crypto… More
The El Salvador official noted that the government is looking to attract more investments to its Bitcoin City with special incentives for businesses investing early. El Salvador, the first nation to make Bitcoin (BTC) a legal tender in September last year, is currently focused on building a Bitcoin City. There have been several delays and… More
Binance revealed it has more than 150 employees to cover its operations in Brazil and appears to be in good standing with the local government and regulatory agencies. Changpeng âCZâ Zhao-led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the countryâs emerging crypto market, with reportedly more… More
A bill based on the proposed framework banning crypto investments could help to “restore the public’s faith and trust in their public officials,” according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should… More
The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) disclosed on Tuesday a partnership with fintech company Symbiont to provide more accurate data for financial firms through blockchain technology. Vanguard, Citigroup, American Century Investments, and Northern… More
The kingdom in the Persian Gulf is taking its latest step in transforming its economy away from oil with the Bitcoin and Lightning Network infrastructure providerâs trial. Bitcoin infrastructure provider OpenNode will test a Bitcoin payment processing and payouts solution in the Central Bank of Bahrainâs (CBB) regulatory sandbox, the company announced Sept. 13. This… More
The service provider also announced the launch of a new system upgrade to increase yield efficiency. RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore. The company said the decision to move countries and launch… More
The firm said it will use the money from the raise to further enhance its intellectual property. On Tuesday, nonfungible tokens (NFTs) collection Doodles announced that it had raised $54 million at a $704 million valuation in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital and FTX Ventures.… More
The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation. The Uruguayan government has introduced legislation to the parliament that accelerates the regulation of the crypto space in the country and establishes the central bank as the regulatory authority.Introduced on Sept 5, the bill strives to clarify the country’s regulatory framework for… More
BTC, ETH, altcoins and stock prices crumbled in the face of a hotter than expected CPI report. Is there room for a short-term recovery? Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month-over-month.Even with gas prices falling… More
Residents would not be violating sanctions by visiting Tornado Cash’s website, copying the mixerâs open-source code, nor making the code available online or in print. The United States Department of the Treasury said âinteractingâ with cryptocurrency mixer Tornado Cashâs open-source code, with certain provisions, would not be in violation of sanctions imposed by the Office… More
Some of the biggest names in finance are joining together to create the EDXM exchange, citing a pent-up demand for crypto assets and the need for compliance and security. Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide… More
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