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German Banking Giant Commerzbank Granted Crypto Custody License
15.11.2023
Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. Commerzbank believes the breakthrough positions the bank at the forefront of the burgeoning crypto market in Germany. The firm discloses that...
Gamefi Tokens’ Valuation Swells by $4.5 Billion, Eclipsing AI Crypto Sector’s Growth
11.11.2023
Over the last month, the crypto market has seen appreciable gains, reaching a valuation of $1.4 trillion. Certain areas, however, have registered more pronounced increases against the U.S. dollar. Data reveals that the top gaming tokens from the game finance (gamefi) sector have experienced...
CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growing Institutional Demand
10.11.2023
The open interest for bitcoin futures on the CME Group has outstripped that of Binance’s futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin’s value climbs to new peaks. CME Leads Bitcoin Futures Rally as Open Interest...
Failure to ‘Properly’ Regulate Crypto Has Cost Ukraine $49bn – Study
10.11.2023
Source: Vaksmanv/Adobe Ukraine’s failure to adequately regulate the crypto sector cost the nation just shy of $49 billion in the period 2016 to 2022, a study has found. The study was carried out by Ukraine Economic Outlook, in association with the crypto exchange Kuna and an industry group named...
Smart Money Is Moving into This AI Crypto – Here’s Why
8.11.2023
Launchpad XYZ’s presale of its AI crypto LPX token has raised nearly $2 million so far. Image by Pol Solé, Adobe Stock. Artificial Intelligence‘s integration into the financial sector has sparked a new wave of investment strategies, particularly within the cryptocurrency industry....
SEC’s Efforts to Hire Crypto Experts Thwarted by Own Crypto Ownership Policy
7.11.2023
SEC policies against staff owning crypto make hiring industry specialists difficult. Image by Kristina Blokhin, Adobe Stock. The U.S. Securities and Exchange Commission (SEC), known for its stringent regulatory oversight of the finance sector, is facing an ironic hurdle as its own policies...
Animoca CEO: Blockchain Game Sector Rejuvenated by Spot Bitcoin ETF Enthusiasm
7.11.2023
Animoca Brands co-founder Yat Siu. Source: Animoca Brands CEO Yat Siu. Source: Animoca Brands/Canva The hype surrounding the potential launch of a spot Bitcoin exchange-traded fund (ETF) is not only driving up the price of Bitcoin but has also reignited enthusiasm in the crypto gaming sector...
Investment Firm Proof Group Eyes Revival of Bankrupt Crypto Exchange FTX
7.11.2023
Source: AdobeStock / Rafael Henrique Proof Group is one of three bidders eyeing a potential acquisition of the fallen crypto exchange FTX according to multiple sources familiar with the matter. The investment firm is already familiar with the crypto sector. As part of the Fahrenheit Consortium,...
Smart Contract Platform Tokens Command 26% of Crypto Economy Amidst Market Gains
5.11.2023
It’s been a strong week for smart contract platform tokens, with the top ten performers all notching growth against the U.S. dollar. The rise ranged from ethereum’s (ETH) 4.2% jump to solana’s (SOL) 32.5% surge. The smart contract coin sector witnessed 32 crypto assets...
Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree
3.11.2023
Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern...
October’s NFT Market Contracts Over 21%, With Ethereum’s Share Shrinking by $35 Million
2.11.2023
October proved to be a beneficial period for the broader crypto asset landscape; however, it cast a shadow on the non-fungible token (NFT) sector, witnessing a 21.64% dip in sales. Ethereum’s NFTs took the lion’s share, amassing $171 million out of the $313 million total, despite...
Hong Kong’s HashKey Breaks Retail Ground with Trading App, HSK Token to Follow
1.11.2023
Hong Kong-based cryptocurrency exchange HashKey has ventured into the retail trading sector with the official launch of its trading app, making it the first licensed virtual asset exchange app in Hong Kong. HashKey’s Chief Operating Officer Livio Weng shared insights about the new app in...
Market Watchers Are Focusing on This Under-the-Radar AI Crypto Signals Platform – Here’s Why
30.10.2023
As AI and cryptocurrency continue to make headlines individually, a new synergy between these two technological phenomena is capturing the attention of both market analysts and a wider demographic. Recent moves by technology behemoths like Microsoft have ignited heightened interest in the fusion...
Indian Think Tank Urges WTO Members to Prioritize Crypto Discussions in E-Commerce Negotiations
30.10.2023
Indian think tank Global Trade Research Initiative (GTRI) is seeking to incorporate crypto discussions into the WTO e-commerce framework. India has asked the WHO member countries to include crypto-related issues while negotiating any agreement on the e-commerce sector. The crypto market...
Thailand’s K-Bank Acquires 97% Stake in Parent Company of Satang Crypto Exchange
30.10.2023
Thailand’s second-largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange. This strategic acquisition comes as K-Bank intensifies its efforts in the cryptocurrency sector, aiming to offer a comprehensive...
Taiwan Advances Crypto Regulation as Draft Act Passes First Reading in Parliament
27.10.2023
Taiwan parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry. Taiwan has taken a significant step toward regulating the crypto sector by proposing a special crypto law, which has passed its first reading at...
Neo Announces EVM-Compatible Sidechain to Prevent MEV Attacks
27.10.2023
Neo, the open-source blockchain platform, has revealed its plans for the development of a new Ethereum Virtual Machine (EVM)-compatible sidechain, a move aimed at expanding its capabilities in the decentralized finance (DeFi) sector. Sidechain Will Offer Interoperability With NEO N3 Mainnet In...
China Aiming for International Digital Yuan Expansion – e-CNY Going Global?
26.10.2023
There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines. Per Alpha Factory (via EastMoney), fintech firms such as MOG Digitech Holdings are making headway in the CBDC sector, and are eyeing global uses...
Grayscale Forms Strategic Alliance with FTSE Russell for Innovative Crypto Index Venture
25.10.2023
Grayscale Investments, a major US digital asset management firm, has joined forces with FTSE Russell, the index division of the London Stock Exchange-owner LSE Group. According to an announcement from the two companies, the partnership aims to introduce a new crypto index business under the name...
Grayscale Investments Partners with FTSE Russell to Roll Out Crypto Sector Index Series
24.10.2023
Today, Grayscale Investments announced a partnership with the UK-based global index provider FTSE Russell to introduce the FTSE Grayscale Crypto Sector Index Series.
The index hopes to bring clarity to the fast-growing, yet often misunderstood crypto asset market by offering a structured...