Bitcoin’s price has increased by nearly 14% this month due to asset managers like BlackRock filing for a spot bitcoin ETF. The focus now shifts to the U.S. Securities and Exchange Commission’s response and the potential impact of these funds on the broader…
The Nevada Financial Institutions Division has filed a petition for receivership over crypto custodian Prime Trust. The regulator claims that Prime Trust is operating in an unsafe and unsound manner and is insolvent, as stated in a Cease-and-Desist Order issued on June 21,…
New Zealand-based travel company, We Are Bamboo, has suffered significant financial losses due to cryptocurrency trading. The company used customer funds intended for prepaid trips to engage in active trading across multiple platforms. Director Colin Salisbury invested over $2 million using customer funds,…
Cryptocurrency exchange Huobi has announced that it will delist ten trading pairs, primarily those involving Justin Sun’s USDD coin. The exchange claims that this move is aimed at providing users with a better trading experience, but many speculate that Sun’s public accusations against…
UK-based neobank Revolut is reducing some of its fees for cryptocurrency trading in response to customer feedback. The company aims to provide competitive rates in the cryptocurrency market. In an email to customers, Revolut announced the update to its fee structure, stating that…
Federal Reserve governor Michelle W. Bowman has expressed concern about the lack of clear regulations regarding crypto assets, stating that this poses a risk to financial institutions. Speaking in Austria, she highlighted a supervisory gap in how regulators oversee new banking ventures, including…
HyperCycle, a blockchain infrastructure designed for high-speed AI-driven micro transactions, has partnered with Penguin Group to release HyperPG, a software for accessing high-performance computing (HPC) for the AI economy. This partnership will allow individuals and organizations to leverage their hardware and generate revenue,…
Crypto exchange OKX has launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace. The feature allows traders to make complex basis trades with one-click execution. Basis trading involves trading the difference between an asset’s price on two separate markets and can…
Bitfinex, a renowned digital asset exchange, has recently announced the launch of a peer-to-peer trading platform as part of its strategy to offer accessibility to digital asset financial services in Latin America. This move aims to cater to the growing demand for cryptocurrencies…
