Bollywood actor of India Govinda is under investigation for his participation in a bogus crypto scheme by the Economic Offences Wing (EOW) of the Odisha police. In July, Govinda was in Goa for a promotional event for Solar Techno Alliance (STA-Token), a cryptocurrency-looking MLM scam. To further understand Govinda’s involvement
September 15, 2023 1 min read
In order to provide a comprehensive custody solution for institutional customers interested in the safeguarding of their cryptocurrencies and tokenized assets, the prestigious Deutsche Bank has formed a strategic relationship with the Swiss crypto firm Taurus. This is a huge step forward in connecting the established banking system with the
September 14, 2023 2 mins read
Building on its newly established presence in Brazil, Ramp, a financial technology firm creating payment rails linking cryptocurrencies to the world’s financial system, has added the Pix payment system of the Brazilian Central Bank as a mode of payment for crypto purchases made in Brazilian Real. By integrating Pix, Ramp has
September 14, 2023 3 mins read
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
September 14, 2023 1 min read
In a contentious marketing effort for its 10th anniversary, crypto exchange Huobi is changing its name from “Huobi” to “HTX.” The name change was announced by Huobi on September 13. The “H” stands for Huobi, the “T” for Justin Sun’s Tron blockchain project, and the “X” stands for the exchange
September 13, 2023 1 min read
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
September 13, 2023 1 min read
Two sources acquainted with the situation have reportedly confirmed that HSBC, one of the world’s major banks, is collaborating with the crypto custody technology business Fireblocks. Even before this agreement, Fireblocks had experience dealing with major institutions because of their expertise in crypto custody technologies like multi-party computation (MPC). Fireblocks
September 13, 2023 1 min read
One of the biggest investing firms in the world, Franklin Templeton, has applied to the U.S. SEC for a spot Bitcoin ETF. Named the “Franklin Bitcoin ETF,” this innovative investment instrument has the potential to usher in the next phase of institutional involvement in the cryptocurrency market. Franklin Templeton’s selection
September 12, 2023 2 mins read
France is moving toward outright licensing so-called “finfluencers,” who advocate financial goods on their websites. A Responsible Influence Certificate has been established but is voluntary. The French financial markets regulator, the Autorité des Marchés Financiers, and the professional advertising authority, the Autorité de Régulation Professionnelle de la Publicité (ARPP), have
September 12, 2023 1 min read
Animoca Brands, a Web3 and gaming firm, recently announced the successful completion of a fundraising round to hasten the creation of its Mocaverse platform. To boost its mission of making the Mocaverse project the identification and point system for Web3 games, culture, and entertainment, Animoca raised $20 million. Animoca Brands’
September 11, 2023 2 mins read