Digital Bank Revolut Now Offering Crypto Investments in Brazil
[May 2, 2023 5:05 AM] Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets.
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China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
[May 2, 2023 12:15 AM] Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid…
Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge
[May 1, 2023 2:53 PM] Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.
Crypto Firm FARE Protocol Raises $6.2M Ahead of Token Launch
[May 1, 2023 7:57 AM] The fundraise was led by C Squared Ventures and Goat Capital, the firm co-founded by Twitch founder Justin Kan.
BRICS to Promote National Currencies Before Issuing Common One
[May 1, 2023 12:00 AM] The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat…
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
[Apr 30, 2023 10:00 PM] Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing…
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
[Apr 30, 2023 8:00 PM] BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called…
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
[Apr 29, 2023 10:00 AM] Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and…
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
[Apr 29, 2023 2:00 AM] A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…
World’s Largest Regional Organization to Switch to Settlements in National Currencies
[Apr 28, 2023 4:00 PM] A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to…
Crypto Tax Guidance Could Come 'in 12-ish Months,' Says IRS Official
[Apr 28, 2023 3:18 PM] The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023
Mastercard Launches Crypto Credential Service for Cross-Border Transfers
[Apr 28, 2023 12:16 PM] The set of verification standards uses technology from the CipherTrace, the well-known blockchain analytics platform Mastercard agreed to acquired in late 2021.
'Operation Choke Point 2.0' Is SEC's 'Chemotherapy' for $14B Ponzi Problem, BCB's CEO Says
[Apr 28, 2023 10:36 AM] What happened to Custodia Bank is "tragic" under current administration's efforts to de-bank crypto industry, BCB's Oliver von Landsberg-Sadie said.
PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
[Apr 28, 2023 10:13 AM] The feature will become available in May, PayPal's Jose Fernandez da Ponte said on a panel at Consensus.
Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines
[Apr 28, 2023 7:00 AM] The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.
Epic Games Alum Mike Seavers Will Join Web3 Giant Yuga Labs as CTO
[Apr 28, 2023 7:00 AM] Mike Seavers will join the home of Bored Ape Yacht Club on May 22.
DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit
[Apr 28, 2023 6:44 AM] Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data.
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
[Apr 28, 2023 6:00 AM] Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s
Binance Japan Will Start Operations After June
[Apr 28, 2023 2:42 AM] The world's largest crypto exchange acquired Sakura Exchange BitCoin last November.
Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide
[Apr 28, 2023 2:18 AM] The crypto mining company is in a stronger position now, interim CEO El-Bakly said
William Shatner Warps Into Web3 With ‘Infinite Connections’ NFT Release
[Apr 27, 2023 4:50 PM] Star Trek actor William Shatner is releasing an NFT collection Infinite Connections, filled with artwork with science and technology themes.
Coinbase Will Be 'Best Investment' Over Next 5 Years: Boost VC's Adam Draper
[Apr 27, 2023 4:00 PM] Adam Draper, an early investor in the crypto exchange, made the comment on stage at CoinDesk's Consensus conference.
Chelsea Manning: 'I'm Trying to Put the Cryptography Back in Crypto'
[Apr 27, 2023 3:35 PM] The whistleblower turned security consultant also says the internet's basic infrastructure is not suited to privacy.
Scaramucci Recounts Harrowing Final Days of FTX, Visit to Bahamas to See Sam Bankman-Fried
[Apr 27, 2023 12:47 PM] The SkyBridge founder walked in on a “war room” when he traveled to talk face to face with the now-disgraced Bankman-Fried as the exchange unraveled.
Robinhood Gives Users a New Way to Fund Their Web3 Wallets
[Apr 27, 2023 11:15 AM] The feature, Robinhood Connect, is already available on several decentralized apps, with more to come in the coming months.
Belgian Crypto Lender Bit4You Suspends Activities After Service Provider Declared Insolvent
[Apr 27, 2023 10:25 AM] Bit4You learnt of CoinLoan's insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian.
Russian Bitcoin Wallets Allegedly Exposed by Apparent Hacker
[Apr 27, 2023 10:23 AM] A mysterious bitcoiner used the OP_RETURN field to call out wallets controlled by FSB and GRU.
Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption
[Apr 27, 2023 9:00 AM] Fortnite co-creator Geremy Mustard took part as a strategic investor in the round.
Sustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy
[Apr 27, 2023 7:00 AM] Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions.
‘Tokenization Is the Killer App for TradFi’: JPMorgan
[Apr 27, 2023 6:37 AM] The head of the bank's Onyx Digital Assets platform, Tyrone Lobban said there is added caution post-FTX, but JPMorgan’s strategy hasn’t at all changed.