Genesis Global Trading – a crypto prime brokerage firm – reportedly credited the now insolvent Three Arrows Capital (3AC) with $2.36 billion in under collateralized loans. As reported by The Block, details on 3AC’s loans were gleaned from a 1,159-page document uploaded by the advisory firm Teneo on Monday. However, the link to that filing...Read More
Jed McCaleb, the co-founder of Ripple, completed his last transfer of 1.1 million XRP (worth over $394k) on July 17. The former exec has been dumping his XRP holdings for almost eight years. The execution of his last transfer marked the end of a billion-dollar dumping spree that began in 2014 after he left Ripple...Read More
The futures of digital finance and investments have experienced a transformation since the advent of cryptocurrencies. Starting out as a replacement for fiat currencies and a means of remittance. Despite this breakthrough, viability remained a huge challenge. How guaranteed is ROI? Is every coin or token worth investing in? What are the pillars that facilitate...Read More
After several months of gradual declines, the number of Ethereum wallets containing between 1,000 and 100,000 ETH jumped to a local peak. At the same time, smaller ETH addresses have also been on the rise, perhaps stacking for the upcoming Merge. ETH Whales Increase The data provided by Santiment revealed that the so-called whales (holding...Read More
Leading American cryptocurrency exchange Coinbase said it had received regulatory approval from the Organismo Agenti e Mediatori (OAM) to operate as a crypto asset provider in Italy. The license allows the exchange to continue to offer its services to customers in the country. One of the First Announcing the development today, Coinbase said it had...Read More
Bitcoin is garnering interest from the oil and gas industry and is spiking concern for using renewable energy for operations. Sad State Of BTC Mining The “cost to mine Bitcoin” in the United States has recently caused a movement in the BTC price that has attracted interest from the crypto world, particularly because BTC miners...Read More
The Dutch central bank (DNB) has revealed imposing the world’s largest cryptocurrency exchange – Binance – an administrative fine of 3.3 million euros ($3.35 million) for offering services in the Netherlands without proper registration. DNB Fines Binance According to the report by Reuters, the fine was imposed in April 2022. Prior to this, the central...Read More
Coinbase secures Crypto Asset Service Provider approval in Italy 🇮🇹 Tl;Dr: By meeting the regulatory requirements, Coinbase will continue to offer crypto services in Italy, and has a clear path to bring new products and features to market in the country. By Nana Murugesan, Vice President, International and Business Development As discussed in our recent...Read More
