Singapore authorities are doubling down on efforts to unveil a set of guidelines for banks on vetting crypto clients. As such, the banks in the city-state have been working with the authorities for the last six months to establish uniform standards for screening potential customers from the crypto industry. According to a Bloomberg report, the...Read More
Poor cybersecurity practices within the decentralized finance (DeFi) industry present a threat to crypto, consumers, and national security, according to a new report from the United States Treasury Department. The first-of-its-kind document argues that DeFi’s peer-to-peer nature presents new illicit finance risks that require extra legal supervision to address. The Risks of DeFi Released on...Read More
A copy of the original Bitcoin white paper written by Satoshi Nakamoto has been found in every modern version of Apple’s Mac computers. Several Apple users have disclosed that they stumbled on the file while using their devices for unrelated operations. They found the file in different Mac versions, from Mojave (10.14.0), launched in 2018,...Read More
After the much pompous launch of the long-awaited Arbitrum token – ARB – rumors and sell-offs dominated the ecosystem due to a conflict between token holders and the Arbitrum Foundation. The popular blockchain tracking platform, Lookonchain, has identified four whales “continually” buying ARB tokens, despite the ongoing drama. Mechanism Capital’s Andrew Kang is one of...Read More
BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month. The sale $114 billion sale will include $27 billion worth of securities from Signature Bank, and $87 billion from Silicon Valley Bank (SVB). Securities...Read More
The crypto market is excited as Ethereum, the second-largest cryptocurrency by market cap, gears up for its highly anticipated Shanghai upgrade. However, as the date for the upgrade approaches, some investors are concerned that the Ethereum price may experience a “sell the news” event. As the hype around the upgrade builds, many investors are buying...Read More
Famous gold bug and bitcoin critic Peter Schiff has once again blasted the leading cryptocurrency for not making it to ChatGPT’s recommended recession-proof assets list. In his latest jab against Bitcoin, the American stockbroker and CEO of asset management company Euro Pacific Capital said the artificial intelligence (AI) chatbot is smart for recommending gold and...Read More
Alibaba Cloud – the arm of Chinese tech conglomerate Alibaba Group – is doubling down its efforts to accelerate the growth of a more inclusive and secure modern internet powered by blockchain technology. To that extent, the cloud giant announced a partnership with a layer one blockchain protocol – Elastos – to build and deploy...Read More
DigiToads, the new meme coin that aims to become the number one P2E token on the planet, has blitzed past the $600k raised mark during its presale. With a unique web3 gaming experience and next-level NFT staking capabilities, many investors are considering it to be the best coin to invest in for 2023. In this...Read More
Adrienne A. Harris – Superintendent of the New York State Department of Financial Services (NYDFS) – said the premise that the bank’s ties to crypto-related businesses were behind its closure is “ludicrous.” The financial institution revealed severe operational difficulties last month and was shut down by American regulators to prevent further issues. Crypto Was not...Read More
As Decentralized Finance (DeFi) continues to grow, there is a need for new crypto projects to offer more products that will bolster the ecosystem. However, over the last 12 months, several crypto projects have collapsed. This has reduced investors’ confidence and trust in the crypto market, which has affected how crypto projects receive funding to...Read More
Binance has announced closing the Binance Australia Derivatives business citing the recent engagement with the Australian Securities and Investments Commission (ASIC). The agency, on the other hand, maintained that the cancellation does not affect the requirement for Binance to continue as a member of the Australian Financial Complaints Authority until the end of April 8,...Read More
[PRESS RELEASE – Victoria, Seychelles, April 6th, 2023] On-demand institutional liquidity network offers futures spreads, options strategies and spot OTC Rapid growth underpins OKX’s emphasis on product development specifically for institutional clients OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that its Liquid Marketplace, an on-demand liquidity...Read More
According to on-chain analytics provider Glassnode, there are almost a million addresses holding more than one Bitcoin. Furthermore, the number of “wholecoiner” addresses has doubled since around mid-2016. It plateaued at just over 800,000 addresses during the last cycle peak but has increased during the cycle bottom of late 2022 and into 2023 as investors...Read More
The crypto world woke up one day to meme coins characterized by their humorous or satirical origins and popularized by Elon Musk and other influencers. Dogecoin is a prominent example of a meme coin that rode on the wave of its viral success. However, meme coins’ lack of intrinsic value and overreliance on hype makes...Read More
