Parler has had a rough week. The free speech lovin’ social media app, which attracted conservatives after Donald Trump lost the election, was crushed by Big Tech platforms after Trump’s incendiary comments led his supporters to raid the Capitol. Google and Apple knocked the app off their stores and Amazon Read more…
Marc P. Berger, who was named Deputy Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was appointed acting director of the division after Stephanie Read more…
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Ethereum has been closely tracking Bitcoin’s price action throughout the past few days, which has caused it to bear witness to immense volatility The cryptocurrency’s price rocketed up to highs of $1,400 last week before facing intense inflows of selling pressure that sent it to $900 It has since recovered Read more…
Each month The Block Research hosts a private analyst call for its research members. To kick off the new year, we opened the call publicly for the first time. The call explored key takeaways from The Block’s 2021 Digital Asset Outlook Report and an open Q&A section. Topics included: State Read more…
Visa’s bid to acquire and merge with fintech unicorn Plaid has come to an end. The financial services giant said late Tuesday that the two firms have terminated their plans, a move that comes months after the U.S. Department of Justice filed an antitrust lawsuit. Visa and Plaid went public Read more…
Wall Street is bracing for the incoming administration to name the industry’s top cops after Biden takes over on January 20. Source Author: Aziz Abdel-Qader
Amid an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple is pressing forward to bring the XRP Ledger to central banks. The cross-border payments company is looking to hire three central bank technical partner managers, one for each of its offices in San Francisco, New York and Read more…
The Department of Justice announced Tuesday that the deal was off. Source Author: Zack Seward
According to reports, Bithumb crypto exchange will continue looking for a buyer for a bit longer after South Korean gaming conglomerate NEXON Co. Ltd. denied any connections to the purchase. A spokesperson from the company stated, “Nexon has not invested or acquired Bithumb and has no plans to do so.” Read more…
Bitcoin has faced some intense selling pressure throughout the past 48 hours, with bears stepping up and trying to reverse the cryptocurrency’s recent strength They have been continuously targeting $30,000, with the crypto tapping this level on a few occasions before rocketing higher Its rally has so far been somewhat Read more…
Ethereum and the entire crypto market has faced some weakness throughout the past couple of days Although both BTC and ETH are trading well above their recent lows, it is important to note that bears are in the process of reversing yesterday evening’s gains This downtrend could prove to be Read more…
Ever since business intelligence firm, MicroStrategy, invested $425 million of its treasury funds into Bitcoin last year, the company and its CEO have been lauded for supposedly driving mainstream BTC adoption. The onset of the Bitcoin rally allowed MicroStrategy to take advantage of market conditions and increase the value of Read more…
The recent bitcoin selloff and the dip of the world’s number one digital currency by market cap has several analysts and industry experts flooding the space with comments and ideas regarding where the asset will go from here, and some of them – which are surprisingly coming from Mark Cuban Read more…
According to a Reuters report citing two unnamed sources, President-elect Joe Biden will name Gary Gensler to lead the Securities and Exchange Commission (SEC). Gensler will replace Acting SEC Chair Michael Piwowar; Jay Clayton, who served as chair from May 2017, stepped down on December 23. As chair of the Read more…
Acting Comptroller of the Currency Brian Brooks believes regulators need to re-think banking regulations in light of the emergence of decentralized finance (DeFi) applications and use cases. A time in which some banks are entirely composed of software is on the horizon, according to Brooks, and regulators will need to Read more…
There has been much talk concerning Bitcoin and its performance of late, with critics and proponents of the asset debating on the leading cryptocurrency’s volatility. Former hedge fund manager and prominent financial analyst Jim Cramer weighed in on the issue following Bitcoin’s drop. Bitcoin to $20,000 Earlier this week, Cramer, Read more…
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to SZ News, the program Read more…
The KNF’s concerns include price volatility, the complexity of products offered and the lack of consumer protection. Source Author: Aziz Abdel-Qader
In a post on the BitMEX blog, the exchange confirmed an extension and expansion of its partnership with Chainalysis, a blockchain surveillance tool. The extended partnership will see BitMEX integrate the blockchain intelligence provider in a bid to identify and stop illicit transactions conducted on the crypto derivatives exchange. BitMEX Read more…
“Have fun staying poor” is what Crypto Twitter thinks of Finland’s this move. Tulli, the Customs department of Finland, has decided to sell nearly 2,000 Bitcoin, worth over $68.2 million at current BTC prices BTC 5.11% Bitcoin / USD BTCUSD $ 34,162.11 $1,745.68 5.11% Volume 78.42 b Change $1,745.68 Open Read more…
Recently-troubled blockchain company, Ripple Inc. welcomed former Amazon executive Devraj Varadhan as the new senior vice president of engineering at the firm. The new hire aims to have a “profoundly positive impact on humanity and improve people’s lives” in Ripple’s new role. Varadhan replaces veteran Ripple employee Christopher Kanaan as Read more…
In a new opinion piece for the Financial Times, Brian Brooks, the current US Comptroller of the Currency, argues that decentralized finance (DeFi) could pave the way for a kind of “self-driving bank.” With a set of new regulations in place, says Brooks, national bank charters might one day be Read more…
Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K. Is this a sign of Read more…
When it comes to bitcoin, it’s quite possible to be right in the middle. You don’t have to be Warren Buffett, where no matter how high the coin goes, you can’t send any compliments towards it. You also don’t have to be Tom Lee, who is often praising the currency Read more…
Gary Gensler, the former Obama-era chairman of the Commodity Futures Trading Commission, is reportedly set to be named as chairman of the Securities and Exchange Commission for the incoming Biden administration. Citing sources with knowledge of the process, Reuters said that the nomination will happen “in coming days.” Gensler was Read more…
Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In Read more…
A Chinese bank is unveiling automated teller machines that allow users to deposit cash and convert them into digital currency. The Agricultural Bank of China (ABC), one of the largest banks in the world by assets, launched a pilot program that allows users to move their cash to digital renminbi Read more…
New York-based digital asset manager Grayscale LLC has once again opened its doors to new investors for most of its crypto trusts. The company had paused taking on new investors in late December 2020. It’s not uncommon for Grayscale to temporarily pause on new investors. On Dec. 21, the fund Read more…
TenX, a crypto wallet and payment project, which raised $80 million in 2017, announced today it will discontinue its services and shut down. New sign-ups and deposits have been disabled, and the TenX team is telling users to withdraw their funds from their TenX wallet at their earliest convenience. While Read more…