Officially announcing the acquisition of Diem Group, a Facebook-affiliated firm, and its intellectual property and other technology assets essential to run the blockchain-based payment system, Silvergate made the deal public in February of last year. In 2021, Facebook stopped working on its digital currency project because of intense scrutiny from
Financial services company Cowen’s analysts lowered their rating on cryptocurrency exchange Coinbase on Thursday. Following FTX’s demise and the general fall in trading volumes in the cryptocurrency market. Crypto firms are under closer scrutiny than ever. The price of COIN dropped by 8.89% at the time of writing, and it
The National Cyber Crime Unit (NCCU) Crypto Cell is a new unit of the UK’s National Crime Agency (NCA) tasked with proactively investigating cryptocurrency-related crime. The NCA has announced that the inaugural squad would consist of five officers working out of the NCCU. While the NCA’s interest in combating crypto
While FTX was in bankruptcy proceedings in Delaware, the U.S. Department of Justice announced that it had seized $450 million worth of Robinhood stock. To acquire ownership in the publicly listed Robinhood platform. Former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang launched a holding company named Emergent in
AAG, a provider of web3 infrastructure, has formally introduced the MetaOne® Wallet, its flagship offering. The MetaOne Wallet eliminates the need for users to remember or securely store their private keys and seed phrases, making it simpler and easier to onboard new users into the Metaverse economy. Additional user-friendly features
Shiba Inu Much-awaited layer 2 upgrade “Shibarium” governance toke ‘Bone ShibaSwap’ ($BONE) price has climbed by more than 35% over the last week and by over 14.5% in the last 24 hours. According to CoinGecko, the $BONE market cap surged around 12% to $240 million from the previous day. Shibarium
An agreement has been reached between the New York State Department of Financial Services and Coinbase, a publicly listed cryptocurrency exchange based in the United States, for the payment of a fine of $50 million. The exchange was found to be in breach of anti-money-laundering laws. When it was discovered
On Wednesday, Blockchain Protocol Algorand (ALGO) went up around 5% in the last 24 hours as per CMC, as the layer 1 technology was in the headlines for all the right reasons. Other than the news that it will be used to power Italy’s digital assurances platform last month. There
A recent allegation claims that Huobi Exchange is pressuring its staff to take compensation in USDT/USDC rather than traditional fiat currencies. Further, they are threatened with termination if they object to the proposed manner of payment. Human resources are talking to workers about the same thing. Workers are angry about
After the commodities agency hands over cryptocurrency assets to the Financial Services Authority (FSA) in 2023, Indonesia plans to launch a cryptocurrency exchange. Bappebti, the Commodity Futures Trading Regulatory Agency, monitors the cryptocurrency and commodity contract exchanges in Indonesia. Didid Noordiatmoko, the interim chairman of Bappebti, has said that the
