Tory Green has been named CEO of io.net, a pioneer in Decentralized Physical Infrastructure Networks (DePIN). Stepping up from his COO position with io.net, Tory succeeds the departing Ahmad Shadid and will now guide the firm as it grows its Internet of GPUs. Tory Green brings more than two decades
August 16, 2024 3 mins read
The SEC has given the green light to MicroStrategy tracking exchange-traded fund (ETF). The MSTX exchange-traded fund (ETF) is offered by Defiance ETFs and aims to replicate 175% of the daily stock return of MicroStrategy. A public statement states that the SEC has given its formal approval to the MicroStrategy
August 16, 2024 2 mins read
The long-running regulatory dispute between Binance and the Brazilian SEC has finally been settled, and the exchange is now making excellent progress throughout Latin America. The exchange has lately been making amends with authorities in many nations, adding to its reputation for having a wide reach in the sector. The
August 15, 2024 2 mins read
As inflation in the US consumer price index (CPI) fell to 2.9%, according to the US Bureau of Labor Statistics, the price of bitcoin gained speed and began to rise. However, the brief rally was short lived as the price came down to $59k mark at the time of writing.
August 15, 2024 2 mins read
Bitcoin (BTC) miners are showing an optimistic approach by expanding their operations, even with Bitcoin’s price volatility. This uptick in mining activity comes after a significant miner capitulation event, which signals a potential price bottom. Bitcoin mining solves complex puzzles, validates transactions, and secures the network, with new blocks added
August 14, 2024 2 mins read
Coinbase has re-entered the Hawaiian market after a seven-year interval. This move follows Hawaii’s relaxation of money transmitter licenses and cash reserves rules enabling residents to buy, sell, and manage digital assets. In 2017, Hawaii’s DFI imposed requirements that forced Coinbase to cease operations in the region. The key regulatory
August 14, 2024 2 mins read
A new cryptocurrency investment fund called MakerDAO Trust has been unveiled by digital asset manager Grayscale. The fund will invest in a single asset and will be launched via private placement. Other crypto-based trusts have also been launched in a similar vein, exposing investors to the market. As a result,
August 14, 2024 2 mins read
All users in India may now access the URL on the Binance website, since it has been completely restored. Several severe measures were implemented once the exchange encountered regulatory problems in India. But the exchange is now starting to make waves in India’s market, thanks to a slew of fine
August 13, 2024 2 mins read
DBS Bank, Singapore’s largest bank by assets, initiated a pilot project for its new “DBS Treasury Tokens” collaborating with Ant International, a global fintech of Alibaba’s Ant Group. This initiative aims to revolutionize treasury and liquidity management for multinational corporations. The DBS Treasury Tokens, which operate on DBS’s permissioned blockchain,
August 13, 2024 2 mins read
The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”
August 13, 2024 2 mins read