Category Archive: Cryptocurrency, No picture
Indian Law Enforcement Investigating WazirX Exchange
Key Takeaways India’s Directorate of Enforcement has issued a show-cause notice to WazirX for violating foreign exchange laws. WazirX is accused of making unreported transactions with Binance and failing to comply with anti-money laundering regulations. India’s government has historically had an anti-crypto stance. India’s Directorate of Enforcement has issued show-cause notices to the directors of […]
Billionaire Alan Howard Invests in Crypto Startup Copper
Alan Howard, the billionaire co-founder of the Brevan Howard hedge fund, has publicly invested in another two crypto startups: Copper and Kikitrade. Billionaire Adds to Crypto Boom British billionaire Alan Howard is doubling down on crypto. The Brevan Howard co-founder participated in crypto custody firm Copper’s $25 million funding round. According to sources, Howard’s investment […]
Cream Finance Logs $1.3M Bad Debt After SWAG Crash
Key Takeaways Cream Finance has written $1.3 million in bad debt due to a crash in the price of SWAG tokens. The tokens were used as collateral in one of Cream Finance’s liquidity pools. Cream Finance will pay users from its reserves. This news was brought to you by ANKR, our preferred DeFi Partner. Swag […]
Jack Dorsey Hints Twitter May Integrate Bitcoin Lightning Network
This news was brought to you by Phemex, our preferred Derivatives Partner. Twitter could support Bitcoin’s Lightning Network sometime in the future, Jack Dorsey Says. Twitter Founder Hints at Bitcoin Integration It’s “only a matter of time” before Twitter integrates Bitcoin’s Lightning Network, Jack Dorsey has suggested. Posting on his popular social media website early […]
Reddit Co-Founder Alexis Ohanian Endorses Ethereum
Key Takeaways Reddit co-founder Alexis Ohanian endorsed the Ethereum blockchain on CNBC’s Squawk Box segment today. He stated that much of his holdings are in Ethereum, and that he favors the blockchain due to its large variety of applicatons. Though Ohanian is no longer on Reddit’s board, the social media site introduced Ethereum-based tokens last […]
Rare CryptoPunks NFT Fetches $11.75M at Sotheby’s
Key Takeaways An Alien from the iconic CryptoPunks NFT series has sold for $11.75 million at Sotheby’s. The NFT was part of the auction house’s Natively Digital collection alongside pieces by Pak, XCOPY, and FVCKRENDER. Sotheby’s will sell five CryptoPunks in physical form later this month. The NFT hype isn’t dead (at least not for […]
Basel Committee Classifies Bitcoin as High Risk for Banks
The Basel Committee for the world’s leading central banks proposed a maximum capital requirement for crypto exposure because of risk arising from price volatility and money laundering. Banking Committee Suggests Prudence for Crypto The Basel Committee on Banking Supervision published a report Thursday addressing the risks posed by cryptocurrencies. The report proposed “conservative prudential treatment” […]
Ledger Raises $380 Million to Expand DeFi Solutions
Key Takeaways Ledger has raised $380 million in the latest series C funding round, putting the company’s valuation at $1.5 billion. The funds will be used to expand its decentralized finance solutions, hardware products, and build an operating system. The raise comes after last year’s massive data breach affecting thousands of Ledger users. Hardware wallet […]
State Street Adds to Crypto Rush with Digital Assets Arm
State Street is doubling down on the digital assets boom. State Street Adds to Crypto Rush State Street is launching a new unit focused on cryptocurrencies. The banking giant, which holds over $40 trillion in assets under custody, announced it would be opening a new division called State Street Digital in a Thursday press release. […]
Coinbase to Offer Crypto Exposure With 401(k) Provider
Thanks to a collaboration between Coinbase and ForUsAll, Americans will now be able to invest up to 5% of their 401(k) portfolio in crypto. Coinbase Partners with 401(k) Provider Coinbase will begin offering crypto in retirement plans. Leading 401(k) provider ForUsAll has tapped Coinbase Institutional to allow clients to invest up to 5% of their […]
