DZ Bank – the second-largest German bank by assets – is all set to offer digital asset custody services. The BaFin-regulated financial institution and custody provider has joined forces with Swiss firm Metaco and orchestration platform Harmonize for its upcoming digital currencies to its institutional clients offering. According to the official press release, Harmonize is...Read More
America’s 3 federal bank regulators had a clarifying message for banking organizations on Thursday: servicing the crypto industry is neither illegal nor discouraged. That said, the institutions – including the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) – named various risks to keep in mind when...Read More
The SEC and other U.S. regulators have, in recent weeks, turned on the heat in regard to crypto exchanges – an understandable, if a somewhat brusque, response to the series of crypto bankruptcies across 2022. The latest to come under their scope is CoinEx. Selling Securities Without a License According to a press release published...Read More
Disgraced FTX founder Sam Bankman-Fried (SBF) is under yet another layer of legal pressure after a judge unsealed a superseding 12-count indictment against him on Thursday. The filing adds 4 new charges to an 8-count indictment introduced in December, and includes new details regarding illegal political donations made by SBF. Straw Donor Scheme As the...Read More
Messari – a leading provider of blockchain research and data analysis based in South Korea – added its name to the long list of crypto-focused companies that axed their workforce due to the harsh macroeconomic environment. It laid off 15% of its staff, believing this was the right step for the long run. Ryan Selkis...Read More
[PRESS RELEASE – Zurich, Switzerland, 23rd February 2023] Cookielabs, a web3 and DeFi advisory firm founded by Özcan Köme, is proud to announce its membership into the Crypto Valley Association (CVA) Switzerland. This membership represents a significant milestone for the company and its founder. Being one of the first independent Bitcoin Suisse affiliate partner back...Read More
[PRESS RELEASE – South Bend, Indiana, 23rd February 2023] SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision-based solution for authentication and traceability of...Read More
Agustin Carstens, the head of the Bank for International Settlements (BIS), declared victory in the war between cryptocurrencies and fiat currencies during an interview with Bloomberg TV on Wednesday. According to Carstens, the events of 2022, which resulted in the disappearance of more than $2 trillion in value from the crypto market, demonstrate that the...Read More
[PRESS RELEASE – London, United Kingdom, 23rd February 2023] Metacade has signed a strategic partnership agreement with MEXC, one of the world’s leading cryptocurrency exchanges. This follows the news that Metacade will list on Bitmart at the end of their presale. Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange...Read More
The United States Securities and Exchange Commission (SEC) has filed a motion objecting to the sale of Voyager Digital’s assets to crypto exchange Binance.US in a $1 billion deal. According to a Wednesday filing submitted at the United States Bankruptcy Court for the Southern District of New York, the SEC alleges that the transaction would...Read More
In a recent post, ETH core dev Tim Beiko revealed that after months of testing and an ephemeral devnet launch, the Shapella network upgrade will activate on the Sepolia network at epoch 56832, scheduled for February 28th. Shapella essentially refers to two Ethereum upgrades – “Shanghai” and “Capella.” The upgrade will enable Ethereum withdrawals on...Read More
Crypto markets are consolidating following the Fed meeting, during which a 25 basis point increase was implemented to reduce inflation rates. The decision to raise interest rates from 4.5% to 4.75% was taken during the Federal Open Market Committee (FOMC), which was announced in a press conference by Fed Chair Jerome Powell. However, the US...Read More
The company has switched to a “semi-automated” process to govern the reserves that back the tokens it issues. In late January, it was discovered that Binance stored token collateral with user funds in the same wallet. Bloomberg reported that the firm mistakenly stored collateral for almost half of its 94 Binance-peg tokens (B-tokens) in a...Read More
Get ready, as from 27 February at 04:00 UTC, traders will be able to long or short the GMX token via two new listings – GMXUSD and GMXUSDT. These new perpetual listings will give you the opportunity to trade and speculate on the price of the GMX token – which has seen great volatility recently....Read More
The first Finance Ministers and Central Bank Governors Meeting of G20 under India’s presidency, taking place from February 23 to 25 at Bengaluru, is expected to discuss cryptocurrencies, among other issues, Reuters said in a report. Indian Finance Minister Nirmala Sitharaman, who plays the host, earlier said that the group is exploring if it can...Read More
Major Australian gaming firm Immutable slashed 11% of the company’s headcount, stating that the job cut happened in order to ensure cash reserves last for a long time. This is the second time Immutable is reducing its workers after the firm axed the number of its employees in July 2022. Immutable Incurred Losses Worth $56...Read More
