On Monday, Judge Sean Lane granted the Securities and Exchange Commission (SEC) approval for its settlement with Genesis Global Capital LLC in a significant development for the ongoing legal proceedings concerning the bankrupt crypto lender. The agreed-upon terms, which came without opposition during the court hearing, may require Genesis to pay up to $21 million,…
Visualize this: The global economy is making an arduous attempt to recover from the economic malaise inflicted by the pandemic. Amidst this challenging landscape, the United States, with a spring in its step and a sense of unspoken advantage, continues to forge ahead. In contrast, Europe and other advanced economies seem to be wrestling with…
Nigeria’s Monumental Shift: From Fuel Subsidies to Market Dynamics The global spotlight has been shining bright on Nigeria, but unfortunately, not for reasons that would inspire a dance. After decades of enjoying some of the lowest petrol prices in the world due to substantial fuel subsidies, my beloved country decided to take a drastic step….
Lord Jacob Rothschild, a towering figure in the financial world and an esteemed member of the renowned Rothschild banking dynasty, passed away at the age of 87. Born into a lineage that has left an indelible mark on the global banking landscape, Rothschild’s illustrious career encompassed various sectors, including investment banking, the arts, and philanthropy….
The Central Bank Digital Currency (CBDC) debate has taken center stage in the political arena, with a coalition of Senate Republicans led by Sen. Ted Cruz taking a firm stance against the expansive powers of the Federal Reserve in its potential launch of a digital currency. This issue is of paramount importance as it sets…
Title: The Controversial Decision of OpenSea to Delist NFT Passes for OpenSeason: Navigating Regulatory Compliance and Decentralization in the Web3 Space OpenSea, the leading player in the NFT marketplace scene, has faced criticism recently following its decision to delist NFT passes for OpenSeason, a Web3 keyboards developed by Fractional Uprising Studios. This move has sparked…
bitcoin (btc), the pioneering cryptocurrency, presents a captivating narrative on its daily chart with potential for a significant surge towards the coveted $60,000 milestone. This bullish outlook stems from a technical formation known as a megaphone pattern, identified by esteemed crypto analyst Ali Martinez. The megaphone pattern, a renowned chart pattern in the financial markets,…
The BRICS alliance, comprised of Brazil, Russia, India, China, and South Africa, is reportedly delving into the potential development of an alternative currency to challenge the dominance of the US Dollar in international trade. This groundbreaking initiative seeks to promote the use of local currencies amongst BRICS members, thereby reducing their collective dependency on the…
Recent Findings from NYDIG Report: Trading Volume in bitcoin ETFs May Not Reflect Strong Investor Interest Unraveling the Misconceptions Surrounding Trading Volume in bitcoin ETFs In a recent report, NYDIG, a prominent financial services firm specializing in bitcoin, questioned the widely accepted notion that substantial trading volume in newly launched bitcoin Exchange-Traded Funds (ETFs) equates…
Recent Developments in the Crypto World: The United States Court of Appeals Upholds the Conviction of Randall Crater, Founder of My Big Coin Upholding a Controversial Conviction In an important decision that could set a significant legal precedent in the crypto industry, the United States Court of Appeals for the First Circuit recently upheld the…
Institutional Investment in Crypto Remains Robust: A Weekly Analysis The world of institutional investment in cryptocurrencies continues to show remarkable resilience, with the latest report by digital asset manager CoinShares revealing a fourth consecutive week of substantial inflows. According to the Digital Asset Fund Flows Weekly Report, institutional investors collectively infused an impressive $598 million…
Amidst the rapidly evolving digital landscape, the Financial Stability Board (FSB) is taking proactive measures to address the challenges posed by crypto assets. In a recent letter to G20 finance ministers and central bankers, FSB Chair Klaas Knot outlined the agency’s plans to focus on asset tokenization as part of its support for the G20…
The Saudi Arabian Ministry of Culture has embarked on a groundbreaking digital journey to showcase the country’s vast cultural heritage through the launch of a metaverse platform named “Cultural Universe.” This pioneering initiative was unveiled on Saudi Arabia’s founding day, marking a significant milestone in the fusion of technology and history. A virtual journey through…
Recent Unprecedented Growth of Arbitrum in the Non-Fungible token (NFT) Market In an unexpected turn of events within the non-fungible token (NFT) market, Arbitrum has recently emerged as a leading contender. This blockchain network has reported an astonishing 111% increase in NFT sales within the last 24 hours, surpassing both ethereum and solana. This impressive…
As the clock ticks down towards the crypto-etf/” target=”_blank” rel=”noopener”>regulatory deadline for crypto exchanges in Hong Kong to secure the necessary licensing from the Securities & Futures Commission (SFC), there has been an increasing level of scrutiny on the industry, following a string of scandals and regulatory actions. The Pressing Importance of the Licensing Deadline…
The recent surge in anticipation for a potential approval of an ethereum exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) has led to a significant increase in ethereum futures open interest, reaching an impressive $10.6 billion. This development comes as Ether (eth) prices continue to rise, having jumped by 38.5% over…
In an exciting development for the crypto industry, OANDA, a prominent US-based cryptocurrency brokerage firm, has announced its entry into the United Kingdom market. The expansion comes through OANDA Crypto, the firm’s newly launched subsidiary, following its acquisition of a majority stake in Coinpass – an FCA-registered company, which paved the way for this development…
Shrapnel: Eliminating Unfair Advantage in its Innovative Blockchain-Based Extraction Shooter Game Addressing Unfair Advantage: A Crucial Step Towards Fair Play in Shrapnel Shrapnel, the groundbreaking blockchain-based extraction shooter keyboards, has taken significant strides to ensure a level playing field for all its players. The platform recently identified instances of unscrupulous users employing illegal tactics like…
In an unexpected turn of events, the crypto world was abuzz with an unconventional showdown between two prominent figures: renowned crypto influencer Ben “BitBoy” Armstrong and the enigmatic memecoin developer, More Light. Their face-off, which took place at a crypto influencer “fight night” hosted by Karate Combat in Mexico on February 24, 2023, captured the…
SK Telecom Announces Groundbreaking Partnership with Perplexity ai to Introduce Innovative ai-Based Search Engine South Korea’s leading telecommunications company, SK Telecom, has recently announced an exciting new partnership with the U.S.-based artificial intelligence (ai) startup, Perplexity ai. This collaboration aims to revolutionize the search engine market by introducing a new and innovative ai-based search engine…
