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SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.

[Jun 6, 2023 3:19 PM] Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.

Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding

[Jun 6, 2023 8:00 AM] Meanwhile's target audience is U.S. citizens with large BTC holdings, an audience from which it has "seen a lot of early demand."

Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report

[Jun 6, 2023 7:45 AM] At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.

Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs

[Jun 6, 2023 3:30 AM] The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said.

OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian

[Jun 6, 2023 2:00 AM] OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.

Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

[Jun 6, 2023 2:00 AM] The firm said it is the first bank-owned custodian to offer staking services to institutional clients.

Bank of America Predicts Milds Recession After Fed’s Tightening Action

[Jun 6, 2023 1:30 AM] Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to…

Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says

[Jun 5, 2023 3:02 PM] If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says.

Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff

[Jun 5, 2023 12:22 PM] Crypto asset manager Arca has cut 30% of its staff amid a continuing bear market and regulatory uncertainty, the company said Monday.

Virtual Reality Tokens Surge 8% as Traders Await Apple's VR Headset Release

[Jun 5, 2023 9:12 AM] Cryptocurrency's virtual reality sector has surged by almost 8% over the past 24 hours as investors anticipate Apple's VR headset reveal on Monday.

Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade

[Jun 5, 2023 8:24 AM] Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol.

El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine

[Jun 5, 2023 8:13 AM] The 241 MW site will be powered by wind and solar energy.

Binance Executive Controlled Bank Accounts Belonging to U.S. Wing in 2019-20: Reuters

[Jun 5, 2023 8:11 AM] Binance.US has always claimed to be independent from Binance, a stance that may come under scrutiny following this news.

JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg

[Jun 5, 2023 3:35 AM] The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week.

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange

[Jun 5, 2023 3:03 AM] Taking up an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”

Crypto Insurer Evertas’ Coverage Limit Increased to $420M: Reuters

[Jun 5, 2023 2:23 AM] London-based Arch Insurance International, a syndicate member of Lloyd's of London, has authorized Evertas to increase its coverage limit for a single policy for crypto custodians and exchanges.

Russia’s Rosbank Launches Crypto Payments Solution for Cross-Border Settlements

[Jun 4, 2023 10:00 PM] Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the needs of businesses working…

BRICS Nations to Encourage Use of Local Currencies in Trade

[Jun 2, 2023 7:30 PM] Countries in the BRICS bloc intend to encourage the use of local currencies in cross-border trade, their foreign ministers revealed. The top diplomats, who met in South Africa, also emphasized the importance of financial inclusion, welcoming new…

Mercado Bitcoin, Brazil's Largest Crypto Exchange, Receives License as a Payment Institution

[Jun 2, 2023 2:22 PM] The company plans to offer financial services that combine the potential of crypto with traditional financial services.

Justin Sun: Huobi Could Have Hong Kong License in 6 to 12 Months

[Jun 2, 2023 8:13 AM] Crypto exchange Huobi could receive a crypto trading license in Hong Kong as soon as the end of the year, Huobi advisor and Tron founder Justin Sun said on CoinDesk TV on Friday.

Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain

[Jun 2, 2023 7:00 AM] The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.

U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

[Jun 2, 2023 6:35 AM] Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes.

Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining's Texas Site

[Jun 2, 2023 6:04 AM] Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.

Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On

[Jun 2, 2023 2:31 AM] Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month.

Synthetix Community Approves Plan to Nudge Positions Off Soon-to-Shut Version One of Its Perpetuals Market

[Jun 1, 2023 1:07 PM] The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.

As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens

[Jun 1, 2023 9:55 AM] The actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.

Sui Blockchain Signs Multiyear Deal With Red Bull Racing

[Jun 1, 2023 8:09 AM] Sui will roll out a series of digital experience for racing fans over the coming months.

Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M

[Jun 1, 2023 7:00 AM] CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller.

Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat

[Jun 1, 2023 5:30 AM] A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for…

Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%

[Jun 1, 2023 3:11 AM] Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform.