Key Insights: IMF and DCMA launched a CBDC called UMU to improve cross-border transactions. UMU uses SPOT protocol, AI-powered monetary policy framework, and global localization architecture. UMU aims to provide a solution for central banks while mitigating currency depreciation. During the IMF…
Key Insights: FTX, a cryptocurrency exchange, announced the recovery of $7.3 billion and may consider reopening its exchange in the second quarter of 2024. The FTT market has experienced a significant decline in investor confidence and market activity, leading to a drop…
Key Insights: After FTX’s possible reopening, FTT tokens rose 102.7%, but cryptocurrency analyst Michael Van de Poppe recommended against buying them. FTX is exploring reopening as one of many options, but a decision has yet to be made, and significant funding is…
Key Insights: According to a recent estimate, just 4.5 percent of the world’s population has invested in cryptocurrencies. According to Binance’s CEO, investors only spend 10 percent of their net worth in cryptocurrency. On the bright side, Bitcoin has surpassed $30k for…
Key Insights: Twitter.Inc has merged with X Corp Solutions and is now located in Nevada instead of Delaware. Musk bought Twitter for $44 billion and created X Holding I, II, and III. He wants to turn Twitter into an “everything app” and…
Key Insights: Paxful suspends its marketplace due to a lack of trust in cryptocurrencies in the US. CEO Ray Youssef predicts regulatory obstacles will persist for peer-to-peer markets. Customers are advised to consider self-custody or explore other service providers while Paxful resolves…
According to recent news, Bill Morgan, a lawyer and supporter of Ripple (XRP) discloses a circumstance that could have significant implications for XRP vs. SEC dispute. The SEC’s expert has acknowledged that the fluctuations of Bitcoin and Ethereum have considerably influenced the…
Key Insights: ASIC targeted Binance Australia and terminated its derivatives license. Binance Australia’s spot exchange will continue despite the cancellation. This license revocation adds to the regulatory scrutiny of Binance and its founder. Changpeng Zhao, the CEO of Binance, used Twitter to…
Although the year 2023 has recently started, the crypto industry has seen several developments in the respective short period. Particularly, in the case of exploits, the industry has been hit with a loss of up to $119 million up till now this…
Telegram, a prominent giant in messaging apps, has recently incorporated support for the well-known USDT stablecoin on the wallet bot thereof, as per the reports. The respective integration will enable the consumers to sell and purchase USDT tokens straightly within the platform’s…
Bitcoin, the primary crypto token, has recently surprised the industry as it did not follow the direction of the ongoing banking crisis. The top crypto’s upsurge against the collapsing banking market has been cited by Cathie Wood (the CEO of ARK Invest)….
BlackRock, a well-known asset management company, is contemplating initiating stock tokenization. Larry Fink, the chief executive officer of BlackRock, has recently issued a letter for the investors. In the letter, the executive brought to the front the remarkable developments that the company…
Bitcoin NFTs (non-fungible tokens) have grabbed the attention of many crypto fans in recent weeks. They have also created new opportunities on the largest and oldest blockchain. For many years, Ethereum has been known to be the major host of most NFTs,…
Circle’s vice president of European policy, Teana Baker-Taylor, has argued that the recent moves by United Kingdom banks to limit access to cryptocurrencies are absolutely wrong. She also claims these banks are now unbanking both companies and individual customers. Further, Baker-Taylor alleges…
Last week’s biggest news was the CFTC’s (Commodity Futures Trading Commission) lawsuit against crypto exchange Binance. The agency accused the company of unregistered derivatives trading. The accusations don’t end there; CFTC also claims that Binance failed to adopt effective know-your-customer and anti-money…
Vitalik Buterin is enthusiastic about implementing zero-knowledge EVMs on Ethereum’s primary layer, enhancing the underlying blockchain’s verification process. Buterin stated in a post on March 31st that it is feasible to incorporate a zk-EVM on the base layer without compromising safety and…
The total market capitalization is down 0.3% to $1.21 trillion following net outflows worth $13 billion in the past 24 hours. Bitcoin’s valuation dropped to $542.5 billion from $545.1 billion during this period, while Ethereum’s increased to $216.8 million from $216.49 million….
Popular YouTubers Graham Stephan and Bitboy_Crypto face another billion-dollar lawsuit for allegedly promoting Binance, a cryptocurrency exchange, on their social media platforms. The lawsuit seeks $1 billion in damages and names NBA star Jimmy Butler and Binance CEO Changpeng Zhao as co-defendants….
Historically, April has been a favorable month for high-risk assets, and this year is no different, as both US stocks and Bitcoin are anticipated to flourish. Matrixport, a cryptocurrency services provider, reported that Bitcoin had a positive April in six of the…
In the wake of numerous major bank failures, the global financial system has been left reeling, prompting management across the sector to implement drastic measures. Plans to reduce staff by 20-30% at UBS have been unveiled as financial institutions seek to stabilize…
