The Bank of New York Mellon Corp. (BNY), one of the largest custodian banks in the world, has entered the digital assets market, seeking to expand its offerings beyond traditional assets like stocks and bonds. With an established reputation in…
Investors in $1 Billion Skyscraper Crypto Scheme to Recover Funds
In recent years, investors have been drawn to opportunities within the rapidly growing cryptocurrency market. However, with this surge in interest, many have found themselves involved in dubious projects that failed to deliver on their promises. A prominent case that…
Reservoir and SKALE enabling seamless NFT trading for applications
The blockchain industry continues to evolve rapidly, with digital assets and NFTs taking center stage. One of the key challenges in this domain is the trading and management of these assets. This process, often riddled with complexities, demands a streamlined…
BlackRock Expert Describes Bitcoin as Less of a Risk Asset
BlackRock Inc., has played a significant role in shaping financial markets through its strategies and insights. Its engagement with digital assets, particularly Bitcoin, offers an essential perspective for both individual and institutional investors navigating the evolving landscape of cryptocurrency. As…
State Street and Galaxy debut crypto ETF amid rising outflows
State Street Global Advisors, in collaboration with Galaxy Asset Management, has embarked on a significant venture with the launch of three cryptocurrency-focused exchange-traded funds (ETFs). These funds aim to provide investors with innovative exposure to digital assets, moving beyond the…
Turkey Drops Plans to Tax Profits from Crypto
Turkey has been a focal point in recent economic discussions due to its evolving fiscal policies, fluctuating market conditions, and efforts to stabilize an inflation-hit economy. Vice President Cevdet Yilmaz’s recent statements shed light on the current economic strategy, particularly…
Riot and Bitfarms deal allows room for possible takeover
The ongoing developments between Bitcoin mining companies Riot and Bitfarms Ltd. have captured significant attention in the crypto industry. The rivalry that once revolved around an unsolicited takeover attempt by Riot has since morphed into a delicate truce, with Riot…
Coinbase legal battle with SEC sparks debate on digital asset rules
Coinbase has become the focal point of an ongoing legal battle with the US Securities and Exchange Commission (SEC). This clash represents a broader issue faced by the crypto industry regarding regulatory uncertainty surrounding digital assets. The company has pushed…
BNY Prepares Crypto Custody as Wall Street Targets Revenue
Bank of New York Mellon Corp. (BNY) is taking strategic steps to expand its role in the cryptocurrency market. As digital assets like Bitcoin and Ether continue to gain mainstream acceptance, BNY is pushing to offer custody services for crypto…
CFTC Fines Uniswap for Leveraged Retail Crypto Trading Violations
In recent years, the decentralized finance (DeFi) space has faced growing scrutiny from regulatory bodies like the Commodity Futures Trading Commission (CFTC). One of the most notable recent cases involves Uniswap Labs, a leader in the decentralized exchange (DEX) space.…