Block CEO Jack Dorsey is putting Apple CEO Tim Cook on blast for seemingly not supporting Bitcoin payments, per the app store’s policies. His comments follow Apple’s recent confirmation that it would be pulling the Bitcoin-based social app, Damus, from its marketplace. Apple’s Crackdown On Bitcoin Damus is a decentralized social media app for interacting...Read More
The company behind the world’s largest Bitcoin fund has a 70% chance of overcoming the U.S. Securities and Exchange Commission (SEC) in a major crypto industry lawsuit, according to Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein. Given the circumstances, the firm’s analysts assign a 50% likelihood to a Bitcoin spot ETF being approved in...Read More
During the Point Zero Forum banking conference held in Zurich yesterday, the upcoming launch of a Swiss CHF-based CBDC was announced by Thomas Jordan, the chairman of the Swiss Nation Bank (SNB). Although no exact date has been put forth by the bank, the chairman of the SNB announced that the CBDC would be released...Read More
Soon after the beginning of the American trade, the crypto space geared up and rose. With the Bitcoin price rising above the narrow consolidation and heading towards the crucial resistance of $30,800, the market cap is also heading to seal levels above $2 trillion. The market cap of the crypto space, which has been crawling...Read More
Crypto infrastructure giant Fireblocks has announced that it has started offering support for cloud service providers Amazon Web Services (AWS), Google Cloud Platform (GCP), Alibaba Cloud, Thales, and Securosus by expanding its MPC-CMP wallet and key management technology. The latest move is expected to help banks and financial institutions to leverage Fireblocks’ security and technology...Read More
[Press Release – North Miami Beach, United States, June 27th, 2023] Developers now have safe and seamless access to Forta scan nodes via QuickNode’s high-performance infrastructure. Forta Network, a leading provider in machine learning-powered threat detection, has entered into a new partnership with QuickNode, the leading end-to-end development platform for web3 innovation. This partnership will...Read More
The case between Ripple and the United States Securities and Exchange Commission rages on. We’ve recently explored how the lawsuit could affect the entire crypto industry, talking to legal experts with interesting commentary on the matter. With that said, let’s have a look at some of the most recent developments as of today – June...Read More
Robinhood, the popular trading platform, has announced its third round of layoffs, reducing approximately 150 staff members. This move is a response to a slowdown in customer trading activity since Q2 2021. The company aims to align its team structures and adjust to volumes. In 2022 alone, Robinhood has cut its headcount by 30%. Critics...Read More
John J. Ray III – CEO and Chief Restructuring Officer of FTX and its affiliated debtors – maintained that the once-prominent cryptocurrency exchange commingled customer deposits from its get-go. He said the entity owed clients approximately $8.7 billion when it filed for bankruptcy protection in November last year. The new management, though, has made “substantial...Read More
Bybit is on a roll with its global expansion efforts. The crypto exchange’s subsidiary – Bybit FinTech FZE – was granted the Minimum Viable Product (MVP) Preparatory License by Dubai’s Virtual Assets Regulatory Authority (VARA) a little over a year after it received the Provisional License. While the new license does not yet allow Bybit...Read More
[Press Release – Schwarzenbach, Switzerland, June 26th, 2023] Concordex, the first dedicated DEX built on the Concordium blockchain, has officially launched on mainnet. The platform aims to bring institutional-grade DeFi trading tools to the Concordium ecosystem and has recently completed its testnet, which saw 867 users open 3,695 liquidity positions and completing 15,212 transactions. Concordex,...Read More
On June 26, Robinhood Markets said it was cutting about 7% or 150 of its full-time employees. The move comes as the firm struggles with reduced customer engagement. It stated: “We’re ensuring operational excellence in how we work together on an ongoing basis. In some cases, this may mean teams make changes based on volume,...Read More
Bitcoin started off the week on a solid note, above $30,000 after rapid gains. The market participants catalyzing this trend are taking their BTCs off centralized exchanges as investor confidence in this platform continued to diminish. Bitcoin held on exchange addresses has been in a perpetual decline following the COVID-19 crisis. as per Glassnode’s latest...Read More
Prominent lawyer and advocate for XRP, John Deaton, recently shared his thoughts on the latest developments in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). Deaton expressed his experience of receiving an email related to the case, which initially sparked anticipation but turned out to be the withdrawal of a...Read More
