The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…
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Stablecoin Issuer Paxos in a Pickle by SEC
Paxos, a New York-based technology and financial company, is in a pickle after the Security and Exchange Commission (SEC) stated that it plans to sue the company for regulatory violations over its issuance of a stablecoin. This seems to be…
Can Bitcoin Make You Rich?
The use of objects with perceived value as a medium of exchange dates back to ancient times. It is believed that our ancestors traded using the barter system before money was used. We are now in the digital assets and…
Bitcoin is an Insurance Policy to Protect Purchasing Power and Wealth – Cathie Wood
People listen when a veteran investor who has $60 billion under management makes a prediction. Cathie Wood, founder and CEO of Ark Invest, remains bullish on Bitcoin (BTC). She even went further and described the number one cryptocurrency as an…
Mr. Wonderful Says Binance and FTX Were at War
Kevin O’Leary, a popular Canadian businessman, said that Binance is at fault for the collapse of FTX. This was part of Kevin’s statement when he appeared to testify at a Dec 14 US Senate Committee hearing about FTX’s implosion. Below…
BNY Mellon Offers New Crypto Asset Custody Platform
BNY Mellon, the world’s largest custodian bank, announced that it is now accepting select clients’ Bitcoin (BTC)and Ethereum (ETH) deposits. The bank got approval from New York’s financial regulator to offer cryptocurrency custodial services this fall. BNY’s CEO of Asset…
4th largest Crypto firm by market value is considering moving to London due to US regulations
Ripple is the 4th largest traded coin is working to help companies move money across the world seamlessly with clients from all over the world. The firm value is estimated to be around 10million and even had plans to go…
Overstock.com is venturing into the tokenized securities space
With the advent of blockchain, tokenized securities are now a reality. Overstock.com, an American online retailer has now made its moves in this space.
A prominent economist and Wall Street veteran recommends Bitcoin hedge as a strategy against a global economic slowdown
Raoul Pal, a prominent economist and Wall Street veteran who was with Goldman Sachs earlier has recommend Bitcoin hedge as a strategy against the impending global economic slowdown.
Former Goldman Sachs engineers raise $3 million to tackle crypto-related manipulation
A US-based trade surveillance startup has raised approximately $3 million in seed funding to help combat crypto manipulation and its related effect in the space. While announcing the development on Wednesday, the startup dubbed Solidus Labs said it intends to…