Industry News
Gold predicted to hit $2,600 per ounce as demand surge
Recent Market Trends and Analysis: A Comparative Study of Bitcoin (BTC) and Gold In the realm of financial markets, two assets have garnered significant attention in recent weeks: Bitcoin (BTC) and gold. Each asset has exhibited unique trends, captivating investors and analysts with distinct characteristics and potential opportunities. Let’s delve deeper into the current market…
BlackRock Pioneers Digital Finance with Tokenized Fund
BlackRock, the world’s largest asset manager, has announced the establishment of a new institutional-grade digital liquidity fund named BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to filings with the U.S. Securities and Exchange Commission (SEC), this fund will operate on the Ethereum blockchain and consist of tokenized assets. The inception of BUIDL marks a…
OKX halts USDT trading pairs in EU amid regulatory uncertainty
The cryptocurrency exchange OKX, which is based in the Seychelles, has recently announced that it will no longer support Tether (USDT) trading pairs within the contact Economic Area (EEA). This decision was communicated to users through a social media post by MartyParty, who reported that customer support confirmed the discontinuation of USDT trading pairs due…
FTX founder faces sentencing amidst victim impact statements
Amidst the tense anticipation surrounding the impending sentencing of Sam Bankman-Fried, founder of the now-defunct cryptocurrency exchange FTX, a multitude of victim impact statements have surfaced, illuminating the ripple effects of the exchange’s collapse in late 2022. The Department of Justice (DOJ) has compiled numerous statements from FTX creditors, revealing the financial and emotional toll…
Innovative stablecoin launches with unique regulatory strategy
Mehen Finance, the innovative financial entity behind the USDM stablecoin on the Cardano blockchain, is preparing for a public retail rollout in April. This significant milestone comes after the stablecoin’s successful debut on the network on March 17, which is currently accessible only to institutional investors. In a recent interview with Cointelegraph, Matthew Plomin, founding…
Crypto market liquidity recovers to pre-FTX levels
The Rebound of Crypto Market Liquidity: Bitcoin Rally and Improving Conditions, But Challenges Persist The crypto market has witnessed a significant rebound in liquidity levels according to the latest findings from the reputable research firm Kaiko. The data gathered by this crypto intelligence company reveals that the infamous “Alameda Gap,” which was the result of…
Everything to know about CZ’s new project
Changpeng Zhao’s Latest Venture: Giggle Academy, Bridging the Educational Divide Changpeng Zhao, popularly known as CZ, the mastermind behind Binance, the leading crypto exchange, has recently ventured into the educational sector with an innovative project, Giggle Academy. This move signifies CZ’s determination to expand his influence beyond crypto and contribute towards solving global challenges through…
Bakkt announces leadership shake-up ahead of financial release
Bakkt’s Leadership Transition: Andy Main Takes the Helm Amidst Financial Stability and Market Uncertainty Bakkt, a prominent crypto custody service and exchange, recently announced a significant leadership transition. The upcoming change, set to take effect later next week, involves the departure of CEO Gavin Michael, who will be succeeded by board member Andy Main. Michael…
London-based asset trading firm entangled in legal dispute over crypto windfall
London-based Distressed Asset Trading Firm, Attestor, Finds Itself in a Legal Dispute Over a Substantial Windfall from Crypto Investments: A Complex Saga Unfolds Amidst Market Turmoil and Intertwined Legal Entanglements Background: Attestor’s Remarkable Success Story Takes a Turn The London-based distressed asset trading firm, Attestor, has found itself embroiled in a legal dispute over its…
Centrifuge Introduces New Platform for Streamlined On-Chain Fund Management
Centrifuge, the trailblazing blockchain technology company, has recently announced an innovative on-chain fund management platform. This groundbreaking solution is designed to revolutionize the way credit funds operate on public blockchains by consolidating a fund’s investment positions, transactions, and operational data, both on-chain and off-chain, into a secure, unified environment. The goal is to significantly enhance…
Libre Launches Tokenization Platform for Institutional Investors
Libre’s Launch: A Revolutionary Tokenization Platform for Institutional Alternative Asset Investors Libre, an advanced tokenization platform designed to facilitate the issuance and distribution of tokenized alternative assets, has officially commenced operations for eligible investors. This groundbreaking initiative, developed by WebN Group and Laser Digital, aims to transform the way institutional investors engage with and manage…
Grayscale Announces Fee Reduction for Bitcoin ETF Amidst $12 Billion Outflows
Grayscale’s Strategic Shift: Reducing Fees for Grayscale Bitcoin Trust ETF (GBTC) Amidst Significant Outflows Grayscale’s Response to Market Maturity and Investor Sentiment Leading digital asset management firm, Grayscale, has announced plans to reduce the fees for its flagship $26 billion Grayscale Bitcoin Trust ETF (GBTC) over time. This strategic move comes in response to the…
Dragon’s Dogma 2 Release Times and Preload Details Unveiled
Following a twelve-year wait, Capcom has officially announced the release dates for Dragon’s Dogma 2, much to the delight of RPG enthusiasts around the world. The anticipated sequel will be available to players across different time zones, ensuring a simultaneous launch for gamers everywhere. Additionally, players can take advantage of preloading options to ensure a…
Crypto lover French Hill wants to lead House Financial Services Committee
French Hill, a distinguished political figure from Arkansas and the current chair of the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, is aiming for a more significant role in the world of finance and digital assets. With Patrick McHenry announcing his decision not to run for another term as…
Pakistan-IMF talks to wrap up today, crypto taxation on the agenda
Historic Moment: Pakistan and the IMF Discuss Taxing Cryptocurrencies and Other Capital Gains A New Era for Taxation: The IMF Proposes Revamping Pakistan’s Capital Gains Tax Structure Today, Pakistan finds itself in a pivotal dialogue with the International Monetary Fund (IMF) concerning a $3 billion safety net arrangement. However, this conversation isn’t merely a routine…
Bakkt names Andy Main CEO amid financial turnaround efforts
Bakkt’s New Leadership and Strategic Initiatives: Navigating Financial Challenges and Regulatory Compliance in the Cryptocurrency Market Bakkt, a leading cryptocurrency trading platform, announced on March 26, 2024, that Andy Main would assume the role of President and CEO. The appointment came as the current CEO, Gavin Michael, stepped down to explore new opportunities but would…
Oklahoma leads US with groundbreaking Bitcoin rights bill
Revolutionary Legislation in Oklahoma: Protecting Bitcoin Users’ Rights In a groundbreaking move, the state of Oklahoma has recently passed a landmark bill that aims to safeguard the rights of Bitcoin users. This development marks Oklahoma as the 12th state in the United States to take such an initiative, representing a considerable victory for the cryptocurrency…
Ripple CLO Stuart Alderoty critiques SEC over DEBT Box case sanctions
Recent Legal Developments in Crypto Regulation: A Significant Clash Between Ripple’s Stuart Alderoty and the SEC The Chief Legal Officer of Ripple, Stuart Alderoty, has recently added his voice to a significant legal development involving the United States Securities and Exchange Commission (SEC) and DEBT Box, a Utah-based crypto startup. This case has seen a…
Ripple CTO outlines XRP role in upcoming XRPL AMM launch
Amidst the ongoing rumors and hypotheses within the XRP Ledger (XRPL) community, Ripple’s Chief Technology Officer, David Schwartz, has offered some much-needed clarifications concerning the use of XRP and other digital assets on the forthcoming XRPL Automated Market maker (AMM). With the AMM launch just around the corner, there has been a great deal of…
Ark Invest cuts stake in Block and Coinbase amid Crypto lull
In the ever-changing terrain of investment management, Cathie Wood and her team at Ark Invest have distinguished themselves by their forward-thinking approach to market fluctuations and the identification of burgeoning investment opportunities. This article delves into Ark Invest’s strategic portfolio adjustments, elucidating their reasoning and implications for investors. Ark Invest’s divestment from Coinbase shares: A…