Kraken has had a tough time with the United States regulatory agencies. Despite the difficult environment, the crypto exchange is planning to roll out its own bank. Marco Santori, Kraken’s chief legal officer, revealed Kraken Bank is very much on track to launch. Kraken Bank According to Kraken Support, the offering will initially be available...Read More
Alameda Research – sister trading firm to the now bankrupt FTX exchange – is suing the world’s largest Bitcoin fund on behalf of FTX’s debtors and affiliates. The company demands that Grayscale permit redemptions on its Bitcoin and Ethereum Trusts, which could cumulatively unlock over $9 billion for the trust’s shareholders. Grayscale’s Bitcoin Stash Per...Read More
The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated, “The poor sentiment likely represents continued investor concerns over regulatory uncertainty for the asset class.” Institutional investors are feeling the pressure as the US regulatory agency,...Read More
While many were excited when Yuga Labs announced its first ordinals NFT collection last month, the exact nature of its auction process is proving highly controversial. Casey Rodarmor – the inventor of Ordinals – called the NFT giant’s sale “degenerate” due to putting its participants’ Bitcoin holdings at risk. The Problem With Bitcoin Auctions In...Read More
Decentralised exchanges (DEXs) have rapidly risen in popularity in recent years, emerging as a serious alternative to centralised exchanges (CEXs). With their capacity to offer users greater privacy, security, and control over their assets, they hold true to the founding principles of cryptocurrency and decentralised finance. However, some significant problems remain, limiting their effectiveness and...Read More
[PRESS RELEASE – Please Read Disclaimer] The partnership will bring reliable cross-chain asset transfers and enhanced web3 experiences to users March 2, 2023 – Poly Network, a global cross-chain protocol for implementing blockchain interoperability and building Web3 infrastructure, has announced a new partnership with OKX Web3 Wallet, a leading self-custodial solution for digital assets. Through...Read More
Airdrops have undoubtedly changed the course of development for many blockchain-based projects and the companies behind them. The examples are numerous, but one team that hasn’t yet released a token and is long anticipated to do so is MetaMask. MetaMask is by far the largest self-custody cryptocurrency wallet with over 30 million users and has...Read More
The chief obstacle for bitcoin mining has shifted from solely procuring top-of-the-line mining equipment due to the closure of Chinese miners amidst regulatory restrictions, leading to a surplus of available equipment. Instead, the current dilemma is centered around resolving apprehensions related to environmental, social, and governance (ESG) issues concerning energy consumption and its impact on...Read More
Singapore’s law enforcement agencies have reportedly begun a probe against Terraform Labs – the infamous blockchain project co-founded by crypto fugitive Do Kwon. The authorities also estimated that the 31-year-old developer is not hiding in the city-state. The Latest to Point the Finger at Terraform Labs In an emailed announcement seen by Bloomberg, Singapore’s police stated,...Read More
Babel Finance co-founder Yang Zhou is banking on a new stablecoin to pull the troubled crypto lender from the financial crisis. Last June, Hong Kong-based project was one of the three prominent firms that floundered, forcing it to halt withdrawals. The company’s proprietary trading desk directed customer funds worth $766 million to risky trading activities....Read More
Leading stablecoin issuer Tether has once again slammed mainstream media, The Wall Street Journal, for publishing a report that claimed the firm and its affiliates falsified documents and shell companies to open bank accounts about four years ago. WSJ published the report on Friday, quoting emails and documents it received from Stephen Moore, one of...Read More
[PRESS RELEASE – Singapore, Singapore, 3rd March 2023] DigiFT, a Singapore-based decentralized exchange (DEX) for asset-backed tokens (STO), has completed a Pre-Series A funding round, securing US$10.5 million. The investment round was led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999. Shanda Group’s...Read More
There has been little movement in crypto over the weekend following the selloff last week. The broader market remains 65% down from its peak level in November 2021 as the bears remain in control. However, several prominent corporations have made moves into the sector recently, indicating confidence that things will turn bullish again at some...Read More
Two United States senators have asked Mark Zuckerberg, the CEO of Facebook’s parent company Meta Platforms Inc., to cease plans to release its Horizon Worlds metaverse app to teenagers. According to a report from the Wall Street Journal (WSJ), the senators sent a letter to the CEO, insisting that Meta stop the plans immediately as...Read More
