According to reports, Binance has been notified that BaFin, the German financial regulatory organization responsible for monitoring banks, financial services institutions, insurance companies, and stock exchanges, would not be issuing a crypto custody license to the exchange. On Thursday, the local media outlet Finance Forward published the news, citing persons
June 30, 2023 1 min read
HyperCycle, a ground-breaking Layer 0++ blockchain infrastructure designed for quick and affordable AI-driven micro-transactions, has teamed up with Penguin Group to launch HyperPG, a cutting-edge program for accessing HPC for the rapidly expanding AI economy. Through the cooperation, the HyperPG platform will be made accessible to both businesses and individuals,
June 27, 2023 5 mins read
By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood
June 24, 2023 1 min read
For the time being, Insolvent crypto lender BlockFi will be able to put off paying a $30 million penalty to the U.S. Securities and Exchange Commission. A $50 million settlement with the regulator was reached in February of 2022, and this is the remaining balance. Court documents filed on June
June 24, 2023 1 min read
In an effort to acquire blockchain expertise for the agency, Germany’s Federal Intelligence Service has launched around one thousand Non-fungible tokens (NFTs) on Ethereum. The Bundesnachrichtendienst (BND), Germany’s foreign intelligence service, has established a dog-themed non-fungible token (NFT) collection with an on-chain hunt for treasure to attract qualified cyber specialists.
June 22, 2023 2 mins read
Radius, a cutting-edge blockchain firm that pioneered the trustless shared sequencing layer, has announced that it has secured $1.7 million in pre-seed funding. Hashed took the lead in the fundraising round, while Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com also took part. Due to its scalability, rollups are a growing number
June 22, 2023 2 mins read
On Tuesday, it was announced that the Third Circuit Court of Appeals will continue to hear the case brought by Coinbase and others to clarify Securities and Exchange Commission (SEC) restrictions on digital currencies. The petition for a Writ of Mandamus was noted in the ruling, and the commission was
June 21, 2023 2 mins read
Increased trading volume for the Grayscale Bitcoin Trust (GBTC) has been seen since the biggest asset manager in the world, BlackRock, submitted an application for a Bitcoin exchange-traded fund (ETF) last week to the U.S. SEC. Grayscale Bitcoin Trust (NASDAQ: GBTC) rose by an astounding 11.40% on Tuesday, June 20,
June 21, 2023 2 mins read
Etherscan, a well-known Ethereum block explorer, has added ChatGPT to its arsenal of Ethereum blockchain analysis tools. Code Reader, Etherscan’s beta app that incorporates the ChatGPT API into its analytics platform, was released on Monday. Etherscan stated: “The Code Reader is a tool that leverages the power of AI to
June 20, 2023 2 mins read
The House of Lords, the upper house of Parliament in the United Kingdom, has given its approval to a measure that will regulate stablecoins and cryptocurrencies and provide oversight for the marketing of cryptocurrencies. After passing the House of Commons, the Financial Services and Markets Bill (FSMB) will go through
June 20, 2023 2 mins read
