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The current crypto bear market also had a negative impact on SEN. Silvergate Exchange Network (SEN) volumes were lower than the industry average. The stock price of Silvergate Capital Corp (NYSE: SI) has dropped 19.5% over the last five days after the cryptocurrency-focused bank announced a dismal third quarter. Silvergate
Despite CEO Jamie Dimon’s criticism of Bitcoin and other cryptocurrencies as “decentralized Ponzi schemes,” the biggest investment bank in the world, JPMorgan has hired a new head of the digital assets regulatory policy division. According to Bloomberg Law, Aaron Iovine, who formerly worked in a similar role at the insolvent
There may be a bear market going on, but it hasn’t stopped businesses from entering the crypto sector. In reality, conventional financial institutions have begun dipping their toes into the crypto industry by providing products to meet the needs of market participants. On Thursday, European digital bank N26 said it
Bitcoin will end the year at $21K, according to Finder’s experts. Finder’s panelists believe Bitcoin is currently underpriced, while 19% believe it is overpriced. Finder is a comparison website and the experts from Finder gathered once more, and this time they totaled up their forecasts for Bitcoin, the top crypto
The raid happened in Frankfurt and comprised over 100 investigators. As of today’s inquiry, Deutsche is suspected of dividend stripping. On Tuesday, Deutsche Bank said that it is cooperating with authorities investigating a tax fraud case that dates back at least ten years. The biggest German bank is only one
The overall assets of Societe Generale make it the third-biggest French bank. Earlier this year in June, Societe Generale-Forge formed a partnership with Metaco. Societe Generale-Forge, the digital assets division of Societe General Group, has officially registered with the French financial authority, the Autorité des marchés financiers (AMF). The overall
The EU decided against a prohibition on proof-of-work crypto mining in March 2022. Some market players will be required to disclose their impact on the environment. EU officials have said that they want to create a standard for rating blockchains’ efficiency in terms of energy consumption. The environmental labelling system
Rules imposed on the market would have to be included in the international framework. She also noted that many distinct parties were vying for the same market. It has been reported that Mairead McGuinness, the EU’s financial services commissioner, has issued a warning concerning digital assets, citing danger to financial
India is planning to discuss crypto regulation during its G20 presidency members. Finance minister Nirmala Sitharaman revealed on Saturday that the Indian government hopes to arrive at the framework or Standard operating procedures (SOP). Finance Minister Discuss About the Regulatory Framework She also told a group of Indian reporters that
As a major existing issue, an anonymous miner is creating “Empty Blocks” on the Bitcoin SV network. So the Bitcoin Association is taking action on this prevailing issue, contacting all crypto exchanges and miners to freeze the empty blocks of the BSV miner. Proceeding, the miner will be under criminal
