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Billionaire Stan Druckenmiller Predicts Bright Future For Cryptos Amid Recession Forecasts
29.9.2022
U.S. billionaire investor Stanley Druckenmiller believes that the crypto markets could experience a “renaissance” if central banks lose the trust of the public amid gloomy forecasts for the global economy.
Speaking at CNBC’s Delivering Alpha Investor Summit in New York City, the businessman...
Circle’s Cross-Chain Transfer Protocol to Support USDC Interoperability
29.9.2022
Circle recently treated the USDC community with a massive announcement. The all-new cross-chain transfer protocol by Circle will support USDC interoperability. It will allow general users and developers to access the USDC functionality on the platform. Circle first announced on the ConvergeSF22...
Polkadot DOT Unveils New Roadmap – Here's Everything You Need to Know
28.9.2022
The developers of the Polkadot blockchain have released a new roadmap which paves the way for a number of major changes to its operations in the coming months.
Rob Habermeier, Polkadot’s co-founder, said in a statement that Parity Technologies, the entity behind the blockchain, has developed...
Celsius CEO Machinsky Resigns Amid Ongoing Bankruptcy Proceedings
28.9.2022
Alex Mashinksy has resigned from his role as the CEO of Celsius Network amid ongoing bankruptcy proceedings at the crypto lending company.
In a press release, Mashinksy who founded Celsius stated that his continued role as CEO has become an increasing distraction for the embattled company hence...
FTX US President Steps Down Joining a Growing List of Departing Crypto Leaders
28.9.2022
Brett Harrison, the president of FTX US, has joined a growing list of crypto leaders who are leaving their executive roles in the industry.
Brett announced his resignation from the role on the micro-blogging platform Twitter, stating that he expects to transfer his responsibilities and move into...
Digital Asset Exchange FTX Wins the Battle for Voyager's Assets
27.9.2022
FTX.US, the U.S. arm of global crypto exchange FTX, has emerged as the highest and best bidder to buy the assets of crypto lender Voyager Digital out of bankruptcy. ...
Read More: Digital Asset Exchange FTX Wins the Battle for Voyager's Assets
Crypto Lender NEXO Faces Cease-and-Desist Order From California
27.9.2022
All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.
The desist-and-refrain order which was filed by California's Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold "unqualified securities"...
VeChain and TruTrace Announce Partnership
27.9.2022
VeChain and TruTrace recently announced a partnership to integrate their complementary technologies. The collaboration will help the apparel, pharmaceutical, food, and legal cannabis industries on the blockchain platform. This announcement will help customers learn more about the upcoming changes....
Why Russia’s Plans to Use Digital Ruble in Trade with China is Positive for all Crypto
27.9.2022
In the aftermath of its aggression against Ukraine, Russia is intensifying plans to use its central bank digital currency (CBDC), the digital ruble, in the country’s trade with China. The development could encourage other nations across the world to use CBDCs in mutual settlements with foreign...
U.S. CFTC Shakes Crypto Industry After Action Against DAO - Who’s Next?
26.9.2022
The U.S. Commodity Futures Trading Commission (CFTC) has rattled the crypto community with an enforcement action it brought against Ooki DAO, leaving market participants fuming and unsure of which protocol could be targeted next by regulators.
In the September 22 press release, the CFTC revealed...
Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management
26.9.2022
The Financial Services Agency (FSA), Japan's crypto market regulator, has issued a renewed warning to the Japan Virtual Currency Exchange Association (JVCEA), the country's crypto exchanges self-regulatory body, about the October full-scale implementation of FATF travel rules for crypto. ...
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Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?
26.9.2022
With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry,...
Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry
25.9.2022
The crypto industry has scored a win with California Governor Gavin Newsom vetoing a bill that would establish a licensing and regulatory framework for digital assets....
Read More: Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry
IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling
24.9.2022
The Internal Revenue Service (IRS) has received authorization from a U.S. district judge to sniff out individuals who attempt to sidestep taxes on their cryptocurrency transactions. The order comes at a time when digital asset adoption is seeing a surge, and the number of crypto tax evaders...
Who Are Binance’s Magnificent 11 and Why Are They So Important for its Global Success?
23.9.2022
Binance, the world's largest cryptocurrency exchange by trading volume, has announced the creation of an eleven-person all-star team of experts in public policy, government, finance, economics, and corporate governance to spearhead its global success. ...
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FTX Crypto Exchange VC Investors Value it at $32 Billion - Are They Mad or Savvy?
23.9.2022
Major crypto exchange FTX is holding discussions with potential investors regarding a funding round worth up to $1 billion. This is to allow the firm’s January 2022 valuation of about $32 billion to stay in line with previous financing from earlier this year. ...
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Want a $1 Million Job in Crypto? How About Chief Metaverse Officer - They Are all the Rage
23.9.2022
Metaverse technology has continued to be the rage among big-name brands that are now dolling out million-dollar paychecks to so-called "chief metaverse officers" to think up their metaverse adoption strategy.
According to a Bloomberg report, brands such as Disney, Proctor and Gamble (P&G), LVMH...
Opera Crypto Browser Declares Its Plans to Integrate Elrond
23.9.2022
Opera Crypto Browser is the absolute pioneer of introducing the Web3-focused browser to the world, which was created with the indigenous help for decentralized applications (dApps). It was also equipped with a non-custodial wallet. It has declared that, as an integral part of its overall plans,...
Cardano Foundation Releases Its Long-Awaited Vasil Hard Fork
23.9.2022
Cardano Foundation treated users by releasing its long-awaited Vasil hard fork. As per the network, the upgrade will lead to an improvement in its network capacity. At the same time, Vasil will also help Cardano cut down its transaction costs. Besides this, Cardano aims to elevate its smart...
This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets
23.9.2022
U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED. The bank received major backing earlier this week after seven...