The U.S. Federal Reserve published a fresh statement on Thursday. Alerting banks of the dangers associated with trading in cryptocurrency and similar assets. Continuing its intensified scrutiny of the cryptocurrency sector. The statement warned that banks face greater risks of running dry of cash. Because of the volatility of deposits
Developed in Collaboration with The Huichol People of Northern Mexico HUNTINGTON BEACH, Calif.–(BUSINESS WIRE)–Kimo Sabe Mezcal, a rising star in the booming mezcal market, announced the official launch of Kimo Sabe Mezcal Sacred Heritage Collection NFT Tuesday. Available through a limited edition non-fungible token (NFT) offering, the endeavor represents a
Yandex, the most popular search engine in Russia, now offers its users data on more than 140 of the most widely used cryptocurrencies in addition to information on the currencies of dozens of other nations. The newest update to the business’s currency converter now includes cryptocurrency rates, the company said.
The cryptocurrency market is going through an “Alameda gap,” where several projects are delaying their token releases. It is because of the lack of liquidity despite rising bitcoin (BTC) and ether (ETH) prices. The number of new coin applications decreased during 2022, from 10,264 in the first quarter to 6,350
The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its founder, Do Kwon, for misleading investors in what the commission called a “multibillion-dollar fraud”. SEC claimed in its court filing in the Southern District of New York that, since beginning in April 2018, Kwon sold a range
TORONTO–(BUSINESS WIRE)–$ETHC–Ether Capital Corporation (“Ether Capital” or “the Company”) (NEO: ETHC) is pleased to announce it has committed 8,000 Ether (C$18.1 million equivalent) to Ethereum Staking, which is in addition to the 7,488 Ether the Company Staked in January 2023. In total, Ether Capital has Staked 36,000 Ether (C$81.4 million
Bitcoin trading on DBS Digital Exchange (DDEx), the cryptocurrency exchange arm of Singapore’s DBS Group Holdings, increased exponentially in 2022 despite the winter’s wipeout of billions of dollars in market value. Bloomberg claims that Bitcoin trading volume on the exchange increased by 80% year over year. Bitcoins held in DDEx’s
Joseph J. DePaolo Plans Transition into Senior Advisor Position and Eric R. Howell to Assume the Role of President; Howell first joined Signature Bank at the time of its opening in 2001 NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial Bank announced today Co-founder, President and Chief
The U.S. Securities and Exchange Commission (SEC) intends to file a suit against Paxos, the firm that developed the Binance USD (BUSD) and Pax Dollar (USDP) tokens, over the latter stablecoin. The SEC allegedly wrote to Paxos. The regulator alerted Paxos to “possible enforcement action” in the letter. BUSD is
Bloomberg reports that due to regulatory worries in the sector, PayPal has halted the development of its upcoming stablecoin. In light of yesterday’s announcement of an inquiry into Paxos. The payment platform is suspending the development of its own stablecoin. PayPal remained bullish on the release of its stablecoin initiative.
