Just months after its U.S subsidiary was shuttered, crypto exchange Bittrex Global is reportedly closing down operations. Following Bittrex US’s bankruptcy filing in Delaware in May, the duo were sued by the U.S SEC for running a securities exchange without proper authorizations. This ultimately led to the closure. After “all
November 21, 2023 2 mins read
Financial services giant Mastercard has announced a new cooperation with AI startup Feedzai. Mastercard said the association intends to increase its capacity to recognize and avoid fraud channeled via cryptocurrency exchanges. The report claims that Feedzai will soon be directly connected with Mastercard’s CipherTrace Armada platform, a banking tool that
November 20, 2023 2 mins read
dYdX, a decentralized cryptocurrency exchange, burned up $9 million of its insurance fund on November 17 to cover customer losses, prompting the exchange to announce additional procedures to reduce trading-related risks. The exchange has raised margin requirements for several tokens trading in “less liquid markets,” according to a post on
November 19, 2023 1 min read
In a recent video, Ripple’s vice president of central bank engagements and CBDCs, James Wallis, discussed the importance of CBDCs in expanding access to financial services throughout the world. Wallis explains that the goal of financial integration is to make banking services available to all people, particularly those who are
November 19, 2023 2 mins read
Cardano’s (ADA) recent drop in value reflects the overall crypto market’s decline and puts investors’ fortitude to the test. Profit-taking by investors reassessing their holdings in light of the market’s downturn is likely contributing to the current selling pressure. The Cardano Ballot, announced by Cardano co-founder Charles Hoskinson, will be
November 17, 2023 2 mins read
In an open letter published on Twitter, Nick Johnson, the founder and principal developer of Ethereum Name Service (ENS), urges blockchain domains firm Unstoppable Domains to relinquish a newly obtained patent or face legal action. Unstoppable Domains was issued its first patent (US11558344) in January, for a technology that leverages
November 17, 2023 2 mins read
The National Pension Service (NPS) of South Korea, the third biggest pension fund in the world, has put $19.9 million into Coinbase. For a pension fund that oversees over $755 billion, this transaction represents a substantial venture into the crypto sector. With this purchase, NPS takes its first tentative steps
November 16, 2023 1 min read
It was recently revealed that Henson Orser will be leaving his post as CEO of Dubai’s Virtual Asset Regulatory Authority (VARA). Meanwhile, VARA consultant and PwC partner Mathew White will be taking over as CEO. In a statement, VARA reportedly confirmed Henson Orser’s departure and stated their selection of Matthew
November 16, 2023 2 mins read
With the launch of a Reputation Score, blockchain for data firm Flare has announced a new collaboration with blockchain technology firm Bloxico to add community trust measures to the Flare network. Through the collaboration, a new platform will be created that combines objective on-chain data with subjective community-based metrics to
November 16, 2023 2 mins read
Commerzbank, a German bank, said on November 15 that it has received a cryptocurrency custody license from German authorities. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank, stated that getting the license is an “important milestone.” Moreover, Commerzbank claims to be the first “full-service” German bank to get such
November 15, 2023 1 min read
