Dogecoin (DOGE), the popular meme cryptocurrency, has made significant gains recently, surpassing the $15 billion valuation mark. This surge has pushed Dogecoin ahead of Cardano (ADA), another prominent altcoin in the market. Over the past week, Dogecoin’s price performance has…
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BNY gains SEC support for digital asset custody beyond ETF
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…
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…
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.…
Polymarket faces new competitor after $1B in election wagers
Blockchain technology has made a significant impact across various sectors, from finance to entertainment, and now it’s making waves in prediction markets. Polymarket, a well-known blockchain-powered platform, has gained attention for allowing users to wager on the outcomes of real-world…
Rhodium Secures Uncommon Bitcoin Loan in Bankruptcy Plan
The recent developments surrounding Rhodium Encore LLC have highlighted a unique intersection between traditional bankruptcy proceedings and the evolving world of cryptocurrency. With Rhodium’s Chapter 11 bankruptcy, the firm has navigated an innovative path by incorporating digital assets into its…