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What is Chapter 11 bankruptcy? Understand the basics
18.8.2023
Understand how companies reorganize amid financial challenges to ensure business continuity via Chapter 11 bankruptcy
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
18.8.2023
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will...
What is Feedzai, and how is it used to detect financial fraud?
18.8.2023
Feedzai is an advanced, AI-powered risk operations platform that helps detect fraud at an institutional level
Crypto firm Helio Lending gets bond sentence over false license claims
18.8.2023
Melbourne-based crypto lender Helio Lending had previously pleaded guilty to falsely claiming it had an Australian credit license
How Is Tokenization Impacting Investing?
17.8.2023
Decentral Park’s Kelly Ye provides an overview of what tokenization is and how will it affect the investment landscape
Trump’s Crypto Wallet Makes $2.8 Million in Income, FEC Filing Shows
17.8.2023
Former U.S. President Donald Trump has provided new data about his crypto income and holdings in a financial disclosure to the Federal Election Commission (FEC). The submission contains information about the balance of an ethereum wallet, which collects proceeds from the sales of Trump-branded...
Scam Money Is Laundered via Crypto Exchanges — Australian Regulator
17.8.2023
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange...
Coinbase Financial Markets to now offer crypto futures to US customers
17.8.2023
The National Futures Association has granted approval to Coinbase for operating the regulated FCM, which is Future Commission Merchant. The offering will be available to the residents of the US based on their eligibility. The approval has been granted to Coinbase Financial Markets, making this...
Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum
17.8.2023
U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
16.8.2023
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free...
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
16.8.2023
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation...
Donald Trump’s Ethereum wallet holds $2.8M, new statement shows
16.8.2023
The recent disclosure ups the figure disclosed in earlier records which said Trump held between $250,000 to $500,000 in an Ethereum wallet
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
15.8.2023
Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto
Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq
15.8.2023
In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100...
From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
WPAY: Revolutionizing P2P Payments Through Cryptographic Proof
14.8.2023
PRESS RELEASE. The global financial system has undergone multiple changes throughout its lifetime. First, with the introduction of the gold standard, then with advancements in banking communications, digitized international trade and investment, and remittances. All of these inventions have made...
Tron’s cross-border payments: Unlocking financial inclusion
14.8.2023
In blockchain technology, Tron stands out as a prominent platform renowned for its remarkable speed and scalability. This has earned it widespread recognition in diverse industries, including the ever-thriving online gambling sector. Among the various applications that Tron has offered,...
Going Crypto Makes Sense for Elon Musk’s X
14.8.2023
While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon...
Amid Gold’s Recent Slide, Experts Predict a Shining Future with Potential Highs Beyond $2,500 by 2024
13.8.2023
In recent times, gold and silver have faced a downtrend, with gold losing over 2% of its value in the past month and silver tumbling more than 5% against the U.S. dollar. Even amid gold’s rather uninspiring performance this last month, David Neuhauser, the founder of the investment company...
Idle No More: $11.4 Million in ‘Sleeping Bitcoins’ Wake up After Years of Dormancy
13.8.2023
Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another...