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Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
25.2.2023
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank...
DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors
25.2.2023
A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020.
According to a court document filed on Wednesday, the “Black Thursday” lawsuit...
Shiba Inu Price Prediction as $300 Million Trading Volume Comes In – Is It Time to Buy?
25.2.2023
The world’s second most popular meme coin, Shiba Inu is slowly approaching solid support around $0.00001210. Bulls are ready for another comeback, this time backed by the launch of Shibarium’s beta launch. Shiba Inu price is in the red because of a bearish wave that has been traversing the crypto...
JPMorgan to Open Blockchain Innovation Lab in Greece
25.2.2023
Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 2020, and on digital identity solutions. JPMorgan to Push Blockchain Development...
US agencies recommend old risk management principles for crypto liquidity
25.2.2023
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations
Jump Crypto Trading Firm Strikes Back: Recovers $140 Million Stolen Crypto from Wormhole Hack – Here's What Happened
25.2.2023
Jump Crypto, the Chicago-based crypto arm of Jump Trading that helped develop DeFi project Wormhole, has managed to counter-exploit the Wormhole protocol hacker and retrieve $140 million worth of tokens.
According to a recent blog post, a coordinated effort between Jump Crypto and Oasis, which...
Bitcoin and Ethereum Price Predictions: BTC Dips to $23,000 - How Much Further Can BTC and ETH Fall?
25.2.2023
Bitcoin has been unable to break its losing streak and is poised to end the week on a bearish note as investors steer clear of riskier investments due to growing macroeconomic uncertainty exacerbated by higher-than-anticipated inflation figures.
The significant losses come in the wake of...
Solana Network’s Transaction Processing Craters After ‘Forking Event’
25.2.2023
Validators and Solana Foundation and Labs engineers are investigating the issue
Coordinated global crypto policies: G20 key financial stability priority
25.2.2023
India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms
Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon
25.2.2023
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of...
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
25.2.2023
With the Blur marketplace set for a second airdrop soon, Nansen’s Andrew Thurman theorized that this major NFT dump could be a play to reap extra BLUR token rewards while also booking some profits
IMF Board Offers Guidance for Developing Effective Crypto Policies
25.2.2023
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
25.2.2023
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type,...
Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
25.2.2023
The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack
25.2.2023
The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
25.2.2023
The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash
Sam Bankman-Fried's lawyers request extension for bail condition proposal
24.2.2023
According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
24.2.2023
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a...
Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally
24.2.2023
Reviewing Bitcoin data from the 2019 bull market offers valuable insights on BTC’s current support levels and upside price targets