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Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
14.5.2023
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points on May 3. As the battle against inflation in...
'Significant risk' of US Treasury running 'out of funds' soon: Report
14.5.2023
The United States Congressional Budget Office (CBO) has predicted that the U.S government's annual deficits will “nearly double over the next decade.”
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
14.5.2023
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department...
Former Paxful CEO Says He Cannot ‘Vouch for Anything Happening There Now’ — Platform Tells Users It Is Back Online
13.5.2023
The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that he is no longer in control and therefore cannot vouch for “anything that is happening there now.” Youssef also told a user who claimed to have been scammed on the platform that he too...
Binance to Withdraw From Canadian Market Due to Regulatory Climate
13.5.2023
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance...
10T Private Equity Firm Seeks $200 Million for New Crypto Startup Investment Fund
12.5.2023
Crypto-focused investment firm 10T Holdings is launching a new digital-asset startup investment fund seeking to raise $200 million from investors.
The new venture, dubbed TenSquared Capital, or 10SQ, aims to back digital asset startups at various stages of growth, Bloomberg reported, citing people...
Grayscale Investments applies for the registration of Grayscale Funds Trust
11.5.2023
In major news to the Grayscale community, it has been announced today that the venture has filed for the registration of Grayscale Funds Trust with the US Securities & Exchange Commission. Once registered, the Trust will enable the powers of Grayscale to independently manage its 1940...
Franklin Templeton to List Blockchain Fund Targeting Institutional Investors
11.5.2023
The Blockchain Fund II is a private equity fund and will carry a minimum investment sum of $100,000
Bankrupt QuadrigaCX Exchange to Commence 'Interim Distribution' of Funds
10.5.2023
The bankrupt Canadian crypto exchange QuadrigaCX is set to commence an “interim distribution” of funds to creditors, despite only a fraction of the missing funds being recovered.
“In the coming weeks, the Trustee intends to post a Notice to Affected Users providing details about the manner...
ParaSpace team clashes with CEO over alleged whereabouts of protocol funds
10.5.2023
Protocol developers demand that CEO and CTO Yubo Ruan step down, while Ruan has accused the development team of an "illegal takeover."
Grayscale Investments Files for 3 New Exchange Traded Funds
10.5.2023
On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs...
Grayscale expands ETF business, puts forward 3 new crypto funds
10.5.2023
The new funds would invest in a wide range of different crypto-related assets including Bitcoin miners and privacy tech
Bankrupt crypto exchange QuadrigaCX to start 'interim distribution' of funds
9.5.2023
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
9.5.2023
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging...
Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’
7.5.2023
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden...
US-Based Bitcoin Focused Startup Fedi Raises $17 Million in Series A Funding Round
6.5.2023
Fedi, the U.S.-based fintech which is led by the Nigerian bitcoin advocate Obi Nwosu, said on May 3 that it recently raised $17 million in a Series A funding round. The company said it will use the funds to help it launch what it called the “world’s first federated operating system.”...
Blockchain security firm freezes $160K stolen in Merlin DEX 'rugpull'
5.5.2023
CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators
Voyager creditors could start seeing funds in the ‘next few weeks’
5.5.2023
The bankrupt crypto brokerage has entered the final stages of liquidation procedures after Binance abandoned its acquisition deal last week
SEC steps back from defining digital assets in new hedge fund rules
4.5.2023
The SEC and its staff are “continuing to consider” the term “digital assets” despite proposing a definition of the term around nine months ago
Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase
4.5.2023
Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold experienced a surge in value against the U.S. dollar, with gains ranging from 0.87% to 1.18%. Gold, in particular, has been on an upward trajectory, having risen...