On Monday, the Securities and Exchange Commission filed a regulatory action against Ian Ballina. The computer engineer and data scientist has appeared prominently on investment programs such as CNBC, Forbes, Business Insider, and Entrepreneur Magazine. SEC Hammers Sparkster Coin for Improper Disclosures The SEC filed the civil complaint in Austin, Texas, over the initial coin...Read More
Uniswap Foundation, the organization that oversees the development of the largest DEX in the world, has stated that its first wave of grants sums up to almost $1.8 million total. According to the official announcement, the grants vary in size and scope and are spread across three areas – protocol growth, community growth, and governance...Read More
Russia’s central bank and Ministry of Finance have agreed on legislation to enable cross-border payments using cryptocurrency, according to a report from the Russian outlet Kommersant on Wednesday. The policy change is reportedly intended to let Russian nationals access digital wallets. Taking Advantage of Blockchain According to Russian Deputy Finance Minister Alexei Moiseev, the bill...Read More
In a world where social, political, and economic instability is rife, the best way to hedge is to make more money and profitable trades. Established layer 1 smart contract platforms Ethereum (ETH) and Solana (SOL) have given their early investors tons of profit – but what about those who bought their bags before the crypto market...Read More
The California-based cryptocurrency exchange – Coinbase – reportedly appointed at least four Wall Street traders and established a group to use the company’s own funds to trade cryptocurrencies. Undisclosed members of the platform described the activity as “proprietary” trading. On another note, the company received regulatory approval from the Dutch Central Bank to start providing...Read More
With the recent hike in the FED rates, the crypto markets have been impacted slightly as the DXY index witnessed a slight drop but continues to hover within the crucial zones. With this, the Bitcoin price underwent a notable drop below $19,000. But the raising market sentiments around the upcoming Cardano’s Vasil Hard Fork could...Read More
[PRESS RELEASE – New Jersey, USA, 21st September 2022] Oraichain Labs US (OLUS), a new FinTech startup founded in the United States, is launching with the goal of modernizing and broadening access to capital markets by establishing itself as a leader in asset fractionalization. OLUS will develop a secure, scalable, and compliance-focused infrastructure, with the...Read More
[PRESS RELEASE – Majuro, Marshall Islands, 21st September 2022] What’s better than low fees? No fees. Gate.io is excited to announce ZERO trading fees on most spot and contract market trading pairs. The no-fee structure was launched in two phases, first on September 16 (UTC) and then on September 20 (UTC), for spot and other...Read More
Attempting to fight the raging inflation, the Bank of England raised the interest rates by 50 basis points today. BTC’s price remained stable, without any significant volatility, unlike what happened yesterday when the Fed did the same. The inflation rates in many countries skyrocketed in the past several months, and the UK is no exception....Read More
[PRESS RELEASE – Please Read Disclaimer] Utopia is an anonymous and private ecosystem offering online privacy and data security to users, and its internal privacy coin, Crypton (CRP), has been integrated into more than 1,800 online stores. Now the online community can make online payments using Crypton quickly, safely, and without unnecessary hassles. Utopia P2P...Read More
Tl:dr Earlier today, the Wall Street Journal published an article highlighting client-driven activities, which they seem to confuse with proprietary trading. Unlike many of our competitors, Coinbase does not operate a proprietary trading business or act as a market maker. In fact, one of the competitive strengths of our Institutional Prime platform is our agency...Read More
Beleaguered cryptocurrency exchange CoinFLEX has released a restructuring plan more than a month after filing for the same at a Seychelles court. It was one of the several firms to have gone into restructuring following the crypto crash earlier this year. Per the latest blog post, creditors of CoinFLEX will own 65% of the company,...Read More
While crypto winter drags on, I feel compelled to address a handful of recent events in the crypto space. Usually, I would use Twitter to get my ideas out on these slightly less meaty topics, but because of the short-form nature of Twitter threads, I think they often do an injustice both to the original...Read More
Jesse Powell, the chief executive officer (CEO) and co-founder of major cryptocurrency exchange Kraken, will step down from his position after leading affairs at the company for more than a decade. This is yet another leadership change in crypto-related companies in the past several months. According to a press release on Wednesday (August 21, 2022),...Read More
Cryptocurrency exchange FTX could be in talks with several investors, seeking to raise $1 billion, increasing the company’s valuation to nearly $32 billion. According to a CNBC report, this billion-dollar raise would be the second of 2022. Some of the capital raised will be used to fuel other deals, such as buying other cryptocurrency exchanges...Read More
The most popular altcoins, Cardano & Ripple, are trading with a huge bullish momentum since the pre-trading session and are aiming to close the day’s trade on a bullish note. Both the altcoins have been stagnant for a prolonged period and due to this, the investors also lost their focus on the assets. However, now...Read More
C Capital – a company established by Hong Kong billionaire Adrian Cheng – reportedly intends to raise $500 million to invest in digital currencies, credit, and private equity over the next year and a half. The firm thinks the cryptocurrency market has already bottomed, meaning that delving into it now is the perfect timing. ‘When...Read More
