Search
Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes
20.1.2023
According to the deputy governor of the Somalian central bank, Ali Yasin Wardheere, the institution plans to fight inflation and currency counterfeiters with newly issued shilling banknotes. The bank reportedly said it hopes to complete the process of replacing old and high-value shilling bills...
Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
20.1.2023
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation...
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...
Will Solana (SOL) hit the $50 mark in 2023 beginning?
20.1.2023
Solana is a leading cryptocurrency in the industry, and it will regain the pre-FTX level within a few months. At the time of writing this post, SOL was trading around $21.55, forming a short correction on the upper Bollinger Bands that may come to the level of $17. It would be an ideal time...
Binance to Increase Presence in Poland in Compliance With Local Regulations
20.1.2023
Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves...
BTC, ETH Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In
20.1.2023
The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays
Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy
20.1.2023
The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan
Genesis Owes Over $3.5B to Top 50 Creditors
20.1.2023
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...
Blockchain Life 2023 will take place on February 27-28 in Dubai
20.1.2023
About The 10th Global Forum on blockchain, digital assets, and mining Blockchain Life 2023 takes place on February 27 – 28 in Dubai. Having started its history in 2017, the forum quickly entered the TOP-3 world events in the digital assets industry. The forum is attended by key industry...
Genesis' Crypto Lending Businesses Files for Bankruptcy Protection
20.1.2023
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital
First Mover Asia: Bitcoin Returns to Its Winning Ways
20.1.2023
ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo's initiative to introduce separate custodian, clearing and settlement services to crypto; Bitcoin's price rises back past $21K
Ripple CEO ‘Optimistic’ About SEC Lawsuit Over XRP — Says ‘I Feel Very Good About Where We Are’
20.1.2023
Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year. “I feel very good about where...
Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?
20.1.2023
SOL’s price has surged 114% so far this year, slowly recovering from losses from early November. Crypto traders and analysts are navigating the prospects for the Solana community
NYU Professor ‘Dr. Doom’ Says 99% of Crypto Is a Scam — Tells Investors to ‘Absolutely Stay Away’
20.1.2023
NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space...
CPCoin (CPC) Is Now Available for Trading on LBank Exchange
20.1.2023
PRESS RELEASE. INTERNET CITY, DUBAI, Jan 19, 2023 – LBank Exchange, a global digital asset trading platform, has listed CPCoin (CPC) on January 19, 2023. For all users of LBank Exchange, the CPC/USDT trading pair is now officially available for trading. CryptoPerformance is disrupting...
Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform
20.1.2023
The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global...
Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin
20.1.2023
The proposal by Paxos is part of MakerDAO’s effort to generate income on its $7 billion digital asset reserve
World Economic Forum Wraps Up Davos 2023 With Sparks
19.1.2023
The World Economic Forum's annual meeting wrapped up with a fiery panel on the role of regulators in crypto, plus more from Davos, Switzerland
Tech Veteran-Backed Web3 Social Platform Plai Labs Raises $32M in Seed Round
19.1.2023
The company, founded by former executives of gaming company Jam City and social platform Myspace, aims to combine Web3 and AI to create a unique digital social experience