The largest bank in Germany in terms of total assets – Deutsche Bank – has reportedly sought regulatory permission to start operating as a crypto custodian. DZ Bank – another leading financial institution in the country – has already progressed in that field, partnering with Metaco and Harmonize to offer digital asset custody to institutional...Read More
The latest Bitcoin upswing has induced massive confidence among investors as well as bullish momentum among other tokens. The trend is expected to continue for some more time, assisting the price to mark beyond the interim resistance at $28,000 and further at $30,000. Further, the trend of the price rising above the 2023 highs and...Read More
Following through on its promise in May, crypto exchange giant Binance confirmed on Tuesday that it has begun running multiple nodes on Bitcoin’s lightning network. The exchange plans to leverage the layer-2 scaling solution to enable cheaper Bitcoin (BTC) deposits and withdrawals on its platform. Binance resolved to integrate lightning after an explosion in memecoin...Read More
After making off with $35 million worth of ill-gotten crypto, the hackers who targeted Atomic Wallet earlier this month have covered their on-chain tracks using the cross-chain liquidity protocol THORChain. According to the crypto tracking platform MistTrack, the hacker’s address transferred 503 Ether (ETH) to THORChain over the past two days. Those funds were then...Read More
Ethereum has navigated a turbulent path in recent weeks, with its price exhibiting considerable volatility. ETH has seen its value both skyrocket to unprecedented levels and plummet in reaction to market dynamics and investor mood. With Bitcoin currently stealing the spotlight by surpassing the $27K mark, it’s prompting ETH holders to seize the opportunity to...Read More
The hawkish approach of the US Securities and Exchange Commission (SEC) has caused many prominent cryptocurrency companies to look abroad. Gemini is amongst them. Gemini, the cryptocurrency exchange led by Tyler and Cameron Winklevoss, has announced plans to expand its headcount in Singapore. The company revealed in a blog post that it plans to increase...Read More
The world’s leading cryptocurrency exchange has been under fire recently, and it appears that the shots are coming from multiple directions. The US Securities and Exchange Commission is suing the company on 13 different counts, including for violating the country’s securities laws. Most recently, though, reports are starting to emerge of supposedly fake companies operating...Read More
Ripple’s XRP is one of the most popular cryptocurrencies, and the legal battle with the United States Securities and Exchange Commission has put it under the spotlight even more, if that’s possible. The case in point was brought up a few years ago, when the SEC alleged that Ripple conducted an unregistered sale of securities,...Read More
Ripple’s Chief Legal Officer has put out some public comments via his Twitter account days after a judge officially unsealed the sought-after Hinman Speech to the public. Stuart Alderoty, the Chief Legal Officer of Ripple, has put out some comments which seem related to the case between the SEC and Ripple on his Twitter account....Read More
The UK’s Financial Services and Markets Bill (a proposed legislation that touches upon traditional monetary services and cryptocurrencies) has moved forward after the Parliament’s upper chamber – the House of Lords – gave its nod. It will now enter into final reading, where the House of Commons is authorized to make amendments. The legislation can...Read More
Major digital asset funds have seen capital outflows for the ninth week in a row, according to asset manager CoinShares. On June 19, CoinShares released its weekly asset flows report, and the news is still grim from an institutional investment standpoint. This ninth week of outflows adds to the run, which now totals $423 million....Read More
The world of cryptocurrencies is vibrant and eclectic, with a host of digital assets ranging from Bitcoin and Ethereum to a more recent and viral addition: meme coins. These digital tokens have been garnering attention, becoming a form of cultural currency that speaks to internet culture’s power. Some meme coins like Dogecoin and Shiba Inu...Read More
The International Monetary Fund (IMF) is working on a global platform to make the Central Bank Digital Currencies (CBDCs) launched by numerous world governments more interoperable, reported Reuters on Monday. The agency believes widespread agreement on such a platform may be necessary to ensure that private market cryptocurrencies don’t fill its functional vacuum. Preparing for...Read More
