Business News
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North America’s Crypto Dominance: Unraveling Insights from Chainalysis
North America remains a powerhouse in the global cryptocurrency market, demonstrating resilience amidst regulatory uncertainties and evolving market dynamics. The…
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Bitcoin Breaches $35,000 Ceiling Amid Potential Spot ETF Approval Hype
Bitcoin, the leading cryptocurrency by market capitalization, soared dramatically, breaking past the $35,000 mark on Tuesday morning for the first…
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Blockaid Raises $33 Million to Boost Blockchain Security
On October 23, it was revealed that Blockaid secured $33 million in Series A funding to enable scaling up of…
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Worldcoin Switches Operator Rewards from USDC to its Native WLD Tokens
Worldcoin has unveiled a substantial shift in its operator reward system, a move orchestrated by OpenAI founder Sam Altman. This…
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Google Cloud and MultiversX Join Forces to Streamline Web3 Development
In a bid to transform the application of artificial intelligence (AI) and big data within the Web3 domain, Google Cloud…
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Morgan Stanley Predicts End of ‘Crypto Winter’
Morgan Stanley’s recent report hints at a possible conclusion to the “crypto winter,” a prolonged bearish phase in the cryptocurrency…
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Binance Secures New Partners for Euro Transactions After Paysafe Split
Following the termination of its partnership with Paysafe, Binance has successfully reinstated its Euro services. Yesterday, Binance announced it has…
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The UAE Launches RAK DAO, its Free Zone Dedicated to Digital Assets, Web3, and AI
The UAE is positioning itself as a leading hub for digital innovation with the official launch of Ras Al Khaimah’s…
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Tesla Holds Steady on Bitcoin While Doubling Down on AI
The profile of Tesla’s investments remains a major point of interest for many stakeholders. The electric vehicle manufacturer’s Q3 2023…
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CryptoQuant Predicts Bitcoin Spot ETF Approval to Skyrocket Crypto Market Cap by $1 Trillion
According to recent assertions by CryptoQuant, the potential approval of Bitcoin spot exchange-traded funds (ETFs) could lead to an astounding…
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Bankrupt FTX Proposes to Return 90% of Customer Funds
The troubled crypto exchange FTX, which filed for bankruptcy last November, has proposed a plan that could see over 90%…
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Ferrari Embraces Cryptocurrency in the US
Ferrari, the world-renowned luxury Italian car manufacturer, is giving a green signal to cryptocurrencies in the US, marking a pivotal…
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JPMorgan Launches Tokenization Platform, Counts BlackRock as First Client
JPMorgan has broken new ground in the digital economy with its innovative Tokenized Collateral Network (TCN). Launched on October 11,…
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Ripple CFO Kristina Campbell Departs Amidst SEC Legal Battle
Kristina Campbell, the Chief Financial Officer (CFO) for the cryptocurrency platform Ripple, has stepped down from her role with immediate…
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Ledger Cuts 12% of Workforce Amid Crypto Market Challenges
Due to the enduring downturn in the crypto industry, Ledger has made the strategic decision to cut down its workforce…
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Musk Scorches Fiat Currency, Fans Bitcoin Flames Amid Price Surge
In a world where financial landscapes are ever-evolving, Elon Musk, the audacious CEO of X (formerly known as Twitter) and…
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Coinbase Receives Prestigious Major Payment Institution License in Singapore
The Monetary Authority of Singapore (MAS), which is the country’s key financial regulator, bestowed the license upon Coinbase. This significant…
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The SEC Exposes a Case of Insider Trading Using Xbox Chat
Insider Trading: A Chain of Deception The SEC’s charges center around Anthony Viggiano, a former analyst from Goldman Sachs who…
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Insider Sources Hint at $282M Withdrawal by Gemini before Genesis’ Bankruptcy
Genesis and Gemini: A Tumultuous Crypto Journey The twin-engineered exchange, Gemini, is tentatively seeking the sum of $1.1 billion from…
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MicroStrategy Boosts Bitcoin Assets with $147M Purchase
Company’s Bitcoin Holdings Rises to Nearly 160K Bitcoins The acquisition was announced on September 25 by Michael Saylor, the executive…
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South Korea’s Busan to Become a Blockchain City with Ethereum and Cosmos
Overcoming Hurdles: Busan’s Decision for Ethereum and Cosmos The city has been exploring the capabilities of blockchain technology to offer…
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Stanford University Set to Return $5.5M Received from FTX
FTX ‘Gifts’ Given for Pandemic-Related Prevention and Research The California-based institution confirmed that it has been engaged in discussions with…
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Gemini Criticizes DCG’s Proposed Recovery Plan for Genesis
Critique on DCG’s Recovery Plan Contrived and Misleading Assertions In a filing with the U.S. Bankruptcy Court for the Southern…
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SEC Accuses Binance of Being Uncooperative
Binance’s Cooperation Leaves Much to be Desired According to the SEC, Binance US’s operator, BAM, had agreed to an expedited…
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Deutsche Bank Partners with Taurus for Crypto Custody
Partnership to Provide Crypto Custody Deutsche Bank has been developing plans over the past three years to offer cryptocurrency custody…
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Coinbase CEO Confirms Bitcoin Lightning Integration
Coinbase CEO, Brian Armstrong, Announces Lightning Network Adoption In a recent tweet, Brian Armstrong, the CEO of Coinbase, affirmed that…
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JPMorgan Pursues Blockchain-Based Deposit Tokens for Global Payments
Regulatory Hurdles and Potential Launch Timeline The bank has reportedly developed most of the needed infrastructure to run the deposit…
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Chris Larsen Challenges U.S. Regulatory Missteps
SEC vs Ripple Labs: A Recap In July, Ripple Labs scored a partial victory against the SEC as the court…
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Coinbase Launches Institutional Crypto Lending Service
Shoring up the Crypto Lending Market The crypto lending sector witnessed the bankruptcy of several major companies such as BlockFi,…
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Revolutionizing Cross-Border Payments: Visa’s Expansion of Stablecoin Capabilities with USDC on Solana Blockchain
Efficient Cross-Border Payment Settlements Visa’s adoption of USDC is aimed at improving the efficiency of cross-border settlement, significantly reducing the…
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