Circle, a stablecoin-issuer company, has been closely monitoring regulatory developments in Hong Kong. Recently, the authorities in Hong Kong allowed investors to trade cryptocurrency under a new regime that emphasizes “fundamental value.” Jeremy Allaire, the co-founder and CEO of Circle, sees Hong Kong’s…
During a period of unrest and potential civil war in Russia, many Russians turned to cryptocurrency as a safe haven. On Saturday, as the revolt by the Wagner private army unfolded, trading between the Russian fiat and tether (USDT) surged to almost $15…
Real Vision CEO Raoul Pal predicts that cryptocurrencies will be the top-performing asset class due to a rise in global liquidity. He believes that crypto will outperform both Exponential Age stocks and tech company equities. Pal also highlights the US Investor Intelligence Sentiment…
Liquidators of the bankrupt hedge fund Three Arrows Capital are seeking to recover $1.3 billion from co-founders Su Zhu and Kyle Davies. The fund, which managed over $2 billion in assets, was ordered into liquidation in 2021. Liquidators claim that Zhu and Davies…
The popular crypto tipping app Damus is under scrutiny and may be removed from the Apple App Store. Apple has claimed that the app violates review guidelines, specifically taking issue with its in-app tipping function. In response, Damus updated its user agreement to…
In a podcast interview, Tom Mutton, the head of the Bank of England’s CBDC project, discusses the transparency and privacy concerns surrounding electronic payments. Mutton explains that while cash offers anonymity, electronic payments create a data footprint that raises questions about data ownership…
The inclusion of Japan in Project Guardian signifies a significant global shift towards encouraging the responsible advancement of digital assets and blockchain technologies. This move acknowledges the growing importance of these technologies in various sectors and highlights the need for their development to…
A federal judge has rejected the motions presented by former FTX CEO Sam Bankman-Fried’s legal team to dismiss all but three of the criminal charges against him. As a result, Bankman-Fried will face a total of 13 criminal counts across two separate trials…
Fidelity, a major player in the financial market, is reportedly preparing to file for a Bitcoin exchange-traded fund (ETF). This move follows BlackRock’s recent ETF proposal and has sparked interest among other asset managers. Fidelity had previously submitted a proposal for a Bitcoin…