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SEC Advisory Group Backs Gensler’s Crypto Efforts But Asks for Industry Guidance
12.4.2023
Exness’s march performance makes waves in the Industry
12.4.2023
Exness is a popular forex and CFD broker that offers access to trading currencies, stocks, commodities, indices, and cryptocurrencies. Traders using Exness can trade with the most reliable and stable pricing in the industry. Forex trading volumes rise again as economic uncertainties have been...
US share of global crypto developers fell 26% in 5 years — a16z
11.4.2023
In 2018, nearly 40% of all crypto developers were based in the United States, whereas in 2022, this figure had fallen to less than 30%
AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets
11.4.2023
A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into...
SinVerse Secures Strategic Partnership and Investment from DWF Labs to Drive Web-3 Gaming Industry
10.4.2023
PRESS RELEASE. SinVerse Studios, a trailblazing web-3 game studio, has secured a substantial seven digit investment deal led by DWF Labs to propel its platform’s growth and solidify its position as an industry leader. The partnership marks a significant milestone for SinVerse Studios, with...
LABEL Foundation Secures 7 Digit Investment From DWF Labs
10.4.2023
PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm....
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
9.4.2023
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla...
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
9.4.2023
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year....
Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
8.4.2023
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of...
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
7.4.2023
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange....
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...
New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto Activities – Bullish for the Industry?
6.4.2023
The idea that the closure of Signature Bank was in any way an attempt to target the crypto sector is “ludicrous,” the Superintendent of the New York Department of Financial Services (NYDFS) has said....
Read More: New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto...
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
6.4.2023
The white paper proposes more tax reform, clearer accounting standards and a DAO law
Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...
NFTs in the event and ticketing industry: How can it sustain millions of users?
5.4.2023
Here’s calling out to the entertainers and event experts — let’s bid adieu to the ticketing troubles that have plagued you and work together to get everyone tickets to the next gig
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...
FINEXPO brings fintech industry leaders and enthusiasts together at FinTech Festival Asia 2023
5.4.2023
FINEXPO, the world’s leading event organizer, announced today that it is hosting its first-ever FinTech Festival Asia (FTF Asia) on 27 and 28 September 2023 at the Royal Paragon Hall in Bangkok, Thailand. The FinTech Festival Asia 2023, held by FINEXPO, is an exciting two-day event filled...
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...
PayPal and the credit card industry are taking advantage of consumers
4.4.2023
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees
Dragonfly Capital invests $10M in Bitget amid industry recovery
4.4.2023
The exchange currently facilitates cryptocurrency derivatives trading with an open interest of $2.4 billion and has plans to expand its spot trading, launchpad and Bitget Earn products