The California state-chartered bank, Silvergate, is eyeing to secure $461.3 million as per the latest filing with the US Securities and Exchange Commission (SEC) through the sale of 3.31 million of common stock. The proposed maximum offering price per share is $145. Silvergate’s Public Offering The official document revealed that the financial institution had granted...Read More
The central bank of Thailand reportedly urged local financial institutions to stay away from cryptocurrencies citing risks coming from their enhanced volatility. It added that the broad employment of bitcoin and the altcoins could also impact the Bank of Thailand’s ability to monitor the national economy. BoT Against Crypto Trading According to a coverage by...Read More
Today, a major hearing took place on Capitol Hill titled “Digital Assets and the Future of Finance: Understanding Innovation in the United States.” It featured top crypto industry CEOs, including Jeremy Allaire, Sam Bankman-Fried, Brian Brooks, and more. Here’s what some of them told financial regulators about the ideal regulatory landscape. North Carolina Rep Patrick...Read More
After last weekend’s crypto market correction, prices have been mostly trading sideways as Bitcoin continues to see strong support at $50,000. While the big cryptos are trading sideways, quite a few coins managed to see double-digit percent gains today. Tezos, in particular, gained over 33% in price in the past 24 hours, setting it as...Read More
[PRESS RELEASE – Singapore, Singapore, 7th December 2021] 3Space Art is thrilled to announce the official launch of its groundbreaking NFT platform that facilitates widespread use of digital art in the real world by placing it in physical spaces. It gives artists and collectors the opportunity to showcase their collections not just online but also...Read More
[PRESS RELEASE – Please Read Disclaimer] The decentralized nature of bitcoin, which was later inherited by most cryptocurrency protocols, has propelled industry insiders to continuously think about how they can further allow users to have greater power on making decisions and participating in networks’ development. This trend has gone from monetary systems to smart contract...Read More
Binance Asia Service (a.k.a Binance.sg), the Singaporean arm of the world’s leading cryptocurrency trading venue, has invested in the private securities exchange – HG Exchange (HGX) – on December 8th. Binance’s Strategic Stake According to the official press release, BAS revealed an 18% post-money stake in HGX. Richard Teng, the CEO of Binance Singapore stated...Read More
The CVI platform, the first decentralized Crypto Volatility Index for the digital asset market, has recently announced the addition of two new volatility tokens to its growing list of products. CVI Launches ETHVOL and CVOL In a Tuesday press release seen by CryptoPotato, the firm noted that the new volatility tokens – ETHVOL and CVOL...Read More
Around $400 million worth of Ether (ETH) was transferred from cryptocurrency exchanges FTX, Binance, and Coinbase to the wallets belonging to hedge fund Three Arrows Capital (3AC). This was enough to spark off rumors about a potential security breach. The Chinese crypto-journalist Colin Wu revealed the transfer of 91,477 ETH in two days to the...Read More
The payments processor giant, Visa, seems to be increasing its involvement in the field of cryptocurrencies. The company now plans to launch an advisory practice in hopes of helping its clients to properly understand the world of crypto. CryptoPotato recently reported that Visa announced a Layer-2 payments channel for stablecoins and central bank digital currencies. Not...Read More
The U.S. Senate’s Banking, Housing, and Urban Affairs Committee will hold a hearing on Dec. 14 to discuss stablecoins. The meeting titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” will be streamed live from the committee website. The witnesses have been confirmed as Ms. Alexis Goldstein, Director of...Read More
Heavy correction on Friday dumped hard the majority of the cryptocurrencies. Post the extended downfall until Monday, virtual currencies commenced their Tuesday run with stout retracement. Notably, Bitcoin, Ethereum, Solana, and many other tokens quickly ventured to reclaim their Friday price levels. However, Bitcoin turns choppy as probable retrace momentum ebbs, a popular analyst Micheal...Read More
