Lending Platform Updates – Celsius, BlockFi, Voyager, Vauld, Nexo
The collapse of crypto exchange FTX and its sister company Alameda is not an isolated story, as its drags down the entire crypto market, with Bitcoin failing to consolidate above $16,000. Centralized crypto lenders are among the most affected sector,…
Acting Comptroller of the Currency Testimony Highlights Focus on Crypto Moving Forward
The relationship between banks and crypto products will be under tighter scrutiny as all major financial regulators are focusing on digital assets, especially following the collapse of FTX. OCC to Monitor Closely How Banks Integrate Crypto Products The US Office…
Central Bank of Russia Addresses Digital Assets, DeFi in Latest Consultation Reports
On November 7, the Bank of Russia released two consultation reports discussing blockchain-based assets. One of the papers focuses on the use of digital assets, and the other one is dedicated to decentralized finance (DeFi). Here are the main highlights…
FTX Practices Called into Question – Binance to Liquidate FTX Holdings
The crypto community is shaking over concerns that Alameda, a giant crypto trading firm related to the second-largest exchange FTX, might be insolvent. The fight between FTX founder and Binance CEO has brought clouds on the entire crypto market, with…
One Week In, Elon’s Vision for Twitter is Coming into Focus
Elon Musk, CEO of Tesla and SpaceX , and the world’s richest man, completed the takeover of Twitter last Friday in a $44 billion deal after months of legal disputes, becoming the owner of one of the most influential social…
Tokeny Presents Case Study on ‘Real Estate Asset Tokenization’
Tokenizing real estate assets offers several benefits that could boost liquidity and simplify access to one of the most important markets. Tokeny, a blockchain tokenization platform, presented a case study highlighting the benefits of issuing real estate security tokens. Tokeny…
Circle Approved by MAS to Provide USDC Services in Singapore
US-based Circle, which launched USDC stablecoin in partnership with Coinbase back in 2018, obtained a license from Singapore’s financial watchdog to act as a Major Payments Institution. The same license was obtained by Paxos, the company behind the USDP stablecoin.…
Gemini Goes Live in 6 European Countries
Gemini, the New York-based cryptocurrency exchange founded by billionaires Tyler and Cameron Winklevoss, continues to expand its European presence by launching in six European countries. The move comes shortly after going live in Ireland, the home of its European division.…
More than 12% of Tokens Issued on BNB Chain Linked to Scams – Solidus Labs Boasts a Solution
At least 15 new smart contract scams are deployed every hour on major blockchains, and BNB Chain seems to attract a good chunk of these, according to the latest findings of Solidus Labs, a crypto risk monitoring and market surveillance…
Voters Polled on Digital Assets – 13% and Rising Own Crypto
A US survey delegated by the Crypto Council for Innovation found that 52% of voters wanted to see more crypto regulation, with a third of respondents regarding crypto as an important financial innovation. US Voters Want to See More Crypto…
‘The Crypto Story’ – A 40,000 Word Exclusive that Both Bashes and Praises the Sector
Bloomberg Businessweek published a 40,000-word article focused on cryptocurrencies, which was written by Matt Levine, a popular Bloomberg News columnist covering finance and business topics. The article, which looks more like a crypto encyclopedia, reflects the mainstream status of the…
Majority of HNWIs in Singapore and Hong Kong Invest in Digital Assets, KPMG Report Finds
A recent report from KPMG China showed that high-net-worth individuals (HNWIs) and family offices were interested in digital assets, with an overwhelming majority of respondents from Singapore and Hong Kong having exposure to cryptocurrencies or planning to invest. 9 of…
The U.K. May Have Found Itself a Crypto-Friendly Prime Minister – Rishi Sunak
Rishi Sunak has won the Conservative Party’s leadership race and thus is set to become the UK’s Prime Minister and put an end to a political crisis that has affected the domestic economy to the point of recession. Should the…
DOJ Alleges Use of Cryptocurrency in Circumventing Financial Sanctions by Russian Nationals
Five Russian nationals and two Venezuelans were charged by US prosecutors for being part of a complex global sanctions evasion and money laundering scheme that also involved cryptocurrency transactions, according to a release published on Wednesday, October 19, by the…
