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What is institutional DeFi and how can banks benefit?
5.1.2023
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies
Hackers Hit Romanian Hospital, Demand Bitcoin Ransom
5.1.2023
A hospital in Romania has been targeted in a ransomware attack with the perpetrators seeking payment in cryptocurrency to decrypt its database. The hack prevents the medical institution from reporting to the country’s health insurance fund in order to receive due funding. Botoşani...
Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys
5.1.2023
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader...
Don’t miss out on the most incredible crypto investment opportunity of the century: HedgeUp and Zilliqa
5.1.2023
As cryptocurrency adoption reaches record highs, crypto users are now looking for new ways to leverage these blockchain-based assets. The surge in interest in cryptocurrencies and related applications stems from benefits like a high degree of security, enhanced data privacy, and the lack of...
Get gains with HedgeUp: The Ethereum-based investment token
5.1.2023
The trend of investing and securing passive income sources is rising. People try to convert their savings into assets as often as possible. However, many of these assets do not bear fruit or are just not exploited well. Primarily due to a need for more knowledge about investing techniques. In such...
Ethereum and Solana reflect resilience, while Orbeon Protocol explodes in Presale
5.1.2023
While the cryptocurrency market as a whole has had a tough season, some tokens, such as Ethereum, Solana, and Orbeon Protocol, have remained relatively stable. Solana, which is tightly related to FTX, has maintained a high trading volume despite the market’s general disinterest following...
The Twitter feud between Ripple’s CTO and Craig Wright continues
5.1.2023
The argument between Ripple CTO David Schwartz and Craig Wright continues over Twitter. The self-proclaimed Bitcoin creator recently questioned XRP’s performance and utility in a string of tweets. It all started with David Schwartz questioning Craig’s claims regarding Bitcoin’s utility...
Coinbase & NYDFS to settle compliance investigation
5.1.2023
The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
5.1.2023
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
5.1.2023
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still...
Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments
5.1.2023
A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With...
US Regulators and the Fed Jointly Issue Crypto Warnings
5.1.2023
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
4.1.2023
Traders are piling into BONK, boosting its price by triple-digits in the last 24-hours and possibly hinting at a trend reversal in Solana price
Cake DeFi publishes Merkle tree-based Proof of Reserves
4.1.2023
According to Cake DeFi, users can now verify both assets and liabilities through their website
Digital assets inflows reached $433M in 2022: Report
4.1.2023
Bitcoin and multi-asset investment products saw inflows amounting to $287 million and $209 million last year, according to a report from Coinshares
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
Coinbase reaches $100M settlement with NY regulators
4.1.2023
Regulators stated that the company had a backlog of 100,000 alerts about potential suspicious customer transactions
Sam Bankman-Fried Pleads Not Guilty to Criminal Charges in ‘Epic’ FTX Cryptocurrency Exchange Fraud – This is All You Need to Know
4.1.2023
FTX founder Sam Bankman-Fried pleaded not guilty in a New York court on Tuesday, where the judge scheduled the trial against the former crypto mogul to begin in the fall.
US District Judge Lewis Kaplan decided during Tuesday’s hearing that Bankman-Fried’s trial will begin on October 2 this year....
MEXC launches a $20 million fund to support key Sei projects
4.1.2023
MEXC has announced the launch of a $20 million ecosystem fund to support the Sei Network adoption. MEXC is a reputed crypto trading platform, featuring in the top 3 crypto platforms in Asia and 10 across the globe. It was founded in April 2018, and according to our MEXC exchange review, the venture...
Federal Bank agencies alert Banks & issue crypto-asset risk highlights
4.1.2023
Through an official joint statement, the Federal bank regulatory agencies happened to have cautioned the banking institutions against the key areas involving high-risk factors where the crypto assets are concerned. The entire focus has been on the baking institutions actively involved in crypto...