23 / 36 Relevant items tagged with #NewsBytes
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Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
[Jul 3, 2024 12:17 AM] Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel…
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
[Jul 2, 2024 10:29 PM] The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle…
Paypal Ventures-Backed Mesh Partners With Conio to Launch Open Banking Solutions for Bitcoin in Europe
[Jul 2, 2024 7:33 PM] Mesh, a U.S. fintech company backed by Paypal Ventures, has partnered with Italian digital asset wallet Conio to enhance cryptocurrency exchange access for Conio’s 430,000 customers. This collaboration allows users to access 10 leading crypto…
Russia’s Cryptocurrency Mining Bill Faces Delays
[Jul 2, 2024 5:20 AM] The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently…
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
[Jul 2, 2024 2:02 AM] Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating…
BIS Report Warns of Rising Public Debt Risks to Global Economies
[Jul 1, 2024 11:34 PM] The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without…
Crypto Exchange Bingx Now English Football Club Chelsea’s Training Wear Partner
[Jul 1, 2024 10:32 PM] Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
[Jul 1, 2024 3:46 PM] Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2…
Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand
[Jul 1, 2024 1:17 PM] Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to…
Tether and Uquid Partner for Social Security Payments in the Philippines
[Jul 1, 2024 11:25 AM] The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued…
Stack Duo Gains Tor Support for Monero and Bitcoin
[Jul 1, 2024 10:45 AM] Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor…
Robinhood Acquires AI Investment Research Platform
[Jul 1, 2024 8:40 AM] Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Artificial Intelligence (AI)-powered investment research platform. Pluto delivers highly-customized investment strategies based on individual customer needs and financial goals. With this…
German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken
[Jul 1, 2024 4:38 AM] The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19…
Gamestop Whale Roaring Kitty Sued for Securities Fraud
Blackrock’s Bitcoin ETF Starts Trading in Chilean Stock Exchange
[Jul 1, 2024 12:41 AM] Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange…
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
[Jun 28, 2024 10:20 PM] The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an…
North Carolina Passes Bill to Block State Participation in Federal CBDC Testing
Yield App Suspends Operations Ahead of Liquidation
[Jun 28, 2024 6:45 PM] Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted…
Solana Introduces Blinks, Brings Blockchain to the Web2 Space
[Jun 28, 2024 1:38 PM] Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever…
Bank of America Forecasts Gold Reaching $3,000 in the Next 18 Months
[Jun 28, 2024 12:11 PM] Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from…
Kraken’s Jesse Powell Donates $1 Million to Trump
Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors
[Jun 27, 2024 11:32 PM] Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely…
Bitcoin and Crypto Were Not Mentioned Once During the Trump-Biden Debate
[Jun 27, 2024 10:43 PM] Prior to the highly anticipated presidential debate between Donald Trump and Joe Biden, many on social media were speculating whether the topics of Bitcoin and cryptocurrency would come up. However, as the debate concluded, it was clear that…
Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness
[Jun 27, 2024 9:11 PM] Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point…
SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities
[Jun 27, 2024 7:35 PM] The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin…
Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks
[Jun 27, 2024 4:11 PM] The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to…
Supreme Court Rules SEC In-House Penalty Proceedings Violate Seventh Amendment
Shapeshift Founder Erik Voorhees Claims Revolut Shut Down His Account for Interacting With Crypto
[Jun 27, 2024 2:45 AM] Cryptocurrency entrepreneur Erik Voorhees has publicly criticized Revolut, claiming the fintech company shut down his account due to his interactions with cryptocurrencies. Despite not using Revolut’s crypto service and funding his account…
Pyypl and Visa Partner to Boost Financial Inclusion in MEA With Prepaid Cards
[Jun 27, 2024 1:39 AM] Pyypl, a fintech company operating in the Middle East and Africa (MEA), has partnered with Visa to introduce virtual and physical prepaid Visa cards via its mobile app. This strategic collaboration aims to enhance financial inclusion across the…