According to ARK Invest CEO Cathie Wood, Bitcoin’s (BTC) ascent might be attributed to its status as a “flight to safety” from depreciating fiat currencies. In an interview that was made public on April 3 by CNBC, Wood characterized BTC as an investment that has both upside and downside risks.
April 4, 2024 1 min read
Deribit, a global leader in cryptocurrency options and futures, is moving its operations to Dubai after a fresh green light from the region’s regulators. The Deribit group’s Dubai subsidiary, Deribit FZE, was declared by Deribit on April 2 as having obtained a VASP license from the Virtual Asset Regulatory Authority
April 3, 2024 1 min read
Leading generative digital media developer droppGroup is thrilled to announce an extension of its current partnership with UC Berkeley, which is housed under the latter’s Launchpad organization. Through the collaboration, a benchmarking framework for droppGroup’s cutting-edge generative media intelligence (GMI) system—which creates multimedia content created by artificial intelligence (AI)—including 3D
April 2, 2024 3 mins read
Richard Teng, the exchange’s new chief executive officer after Changpeng Zhao’s resignation, is one of seven members of Binance’s board, according to a Bloomberg article. Binance executives Lilai Wang, Jinkai He, and Heina Chen all have equal board representation. Gabriel Abed, a former ambassador of Barbados to the UAE, Arnaud
April 2, 2024 1 min read
The first Japanese stablecoin backed by bank deposits was introduced by Hokkoku, a provincial bank in Japan. This move caused quite a stir. Concerned Japanese crypto aficionados are weighing the benefits and drawbacks of the new development. Furthermore, the stablecoin’s functionality is under scrutiny. The success of their Tochituka app,
April 1, 2024 2 mins read
Craig Wright, who has claimed to be Satoshi Nakamoto, the creator of the Bitcoin network, has had £6 million ($7.6 million) in assets frozen by a court in the United Kingdom in order to prevent him from avoiding court expenditures related to this matter. After a court ruling disproved Wright’s
March 31, 2024 2 mins read
The U.S SEC has reached a settlement in a lawsuit that requested the disclosure of information pertaining to any conflicts of interest in the SEC’s enforcement actions regarding crypto. The head of the government watchdog group Empower Oversight explained the reasoning for the decision to settle the case with the
March 30, 2024 2 mins read
With open interest (OI) for bitcoin futures hitting a new high on centralized exchanges, trading activity surrounding Bitcoin has been on the rise. Friday saw a record-breaking amount of aggregated open interest for bitcoin futures, reaching $38 billion, according to CoinGlass. The daily open interest in bitcoin futures has climbed
March 30, 2024 1 min read
Since the introduction of spot exchange-traded funds (ETFs) in the U.S, approximately $10 billion worth of Bitcoin has deserted cryptocurrency exchanges. Glassnode, an on-chain monitoring company, reports that exchanges have witnessed outflows of more than 136,000 BTC since January 11th. Due to large withdrawals from exchanges this quarter, the supply
March 29, 2024 1 min read
One of the top three cryptocurrency exchanges in the world by volume, Bybit, unveiled its Unified Trading Account (UTA) in 2023. This all-inclusive trading platform unites futures, options, perpetual, spot trading, and margin trading under a single account structure, improving trading flexibility and capital efficiency. With UTA being used by
March 28, 2024 1 min read