UBS Asset Management, a global leader in fund management, has embarked on a groundbreaking journey by launching its first “live pilot” for a tokenized money market fund on the Ethereum blockchain. In-House Expertise with UBS Tokenize In a significant move,…
Google Cloud Holds a 10,000-Token Stake in this Blockchain Network
The Google cloud industry has wielded a substantial $7 billion share in its market and has recently taken a direct plunge into the burgeoning realm of cryptocurrency networks. Google Cloud as Polygon Validator Google’s cloud computing division has assumed the…
Celsius Lawyer Says Revival Plans Include $450M in Seed Funding
Cryptocurrency lending firm Celsius which is currently facing bankruptcy, has recently revealed a strategic blueprint for its anticipated relaunch, as reported by Bloomberg on October 2. Navigating Bankruptcy: Celsius’ Legal Landscape In the intricate dance of financial resurrection, Christopher S.…
SBF, Riding High on FTX, Wanted to Buy off Trump to Cancel a Presidential Re-Run
On Tuesday, all eyes will be fixed on the Manhattan Federal Court as the trial of Sam Bankman-Fried unfolds. The disgraced cryptocurrency entrepreneur stands accused of orchestrating “one of the biggest financial frauds in American history” — the multibillion-dollar collapse…
Jack Dorsey’s Block Survey – Bitcoin Optimism Rising in Developing World Despite Price Declines
The dynamic landscape of global finance is undergoing a profound transformation, and at the forefront of this revolution stands Bitcoin, the pioneering decentralized cryptocurrency. Its undeniable global popularity is coupled with a striking trend in a recent block survey by…
Gemini to Quit the Dutch Market by Mid-November, Cites Compliance Issues
Gemini, a New York-based cryptocurrency exchange, has recently announced its decision to suspend cryptocurrency services in the Netherlands. This move stems from the exchange’s inability to meet the stringent regulatory requirements set forth by the Dutch central bank, De Nederlandsche…
Is a Tokenized Pokémon Card a Security? SEC Chair Gary Gensler Responds—Kinda
U.S. Representative Ritchie Torres raised questions for SEC Chair Gary Gensler during a House Financial Services Committee meeting, employing Pokémon cards as an illustrative example. Gensler acknowledged that, in his interpretation of U.S. law, a Pokémon card doesn’t qualify as…
Fugitive founder of crypto hedge fund that lost $10 billion arrested in Singapore while attempting to flee
The recent arrest of Su Zhu, a crypto fugitive and co-founder of the now-defunct digital asset hedge fund Three Arrows Capital, has sent shockwaves through the cryptocurrency industry. Zhu was apprehended while attempting to flee Singapore, as disclosed by the…
XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle
The cryptocurrency sector, with a focus on Ripple Labs, finds itself trapped in a landscape of apprehension and unpredictability subsequent to a heated exchange between Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), and the House Financial…
Marathon Digital Mines Invalid Bitcoin Block Amid Heightened BTC Volatility
MARA Pool, a prominent Bitcoin mining pool operated under the umbrella of the publicly traded Marathon Digital Holdings, found itself entangled in a transactional quagmire on September 27th. User-Detected Anomaly: 0xB10C Sounds the Alarm This hiccup occurred subsequent to the…