Crypto Bank Silvergate Shares Falls 45% Amid Regulatory Inquiries

Following the announcement that the cryptocurrency-friendly bank may be subject to regulatory inquiries, Silvergate shares fell by more than 44% percent at the start of trading! This level was seen three years back in 2020! Because of the investigation, Silvergate Capital said yesterday that it would be delaying (1) the release of its annual report. … Read more

Binance to Again Applying for License in Singapore

Binance

Binance is currently facing challenges in achieving its objective of lawfully expanding its worldwide influence in nations such as the United States. The Binance exchange, the largest cryptocurrency exchange platform, is getting ready to submit a new application in Singapore in the hopes of being approved as a payment processor. According to Nikkei Asia (1), … Read more

Visa Still Committed to Crypto, Denies Rumors of Pulling Back on Crypto Push

Visa Still Committed to Crypto, Denies Rumors of Pulling Back on Crypto Push

A story published by Reuters on Tuesday stated (1) that the US payments firm Visa was pulling back on its cryptocurrency push amid a collapse within the industry. Those assertions, however, have been refuted by Visa at this time. The Head of Cryptocurrency at the processing company, Cuy Sheffield, responded (2) to the news via … Read more

Marathon Digital’s Q4 Losses are Expected to Reduce from $75.4M to $ 24M in Q4

Marathon Digital's Q4 Losses are Expected to Reduce from $75.4M to $ 24M in Q4

Reports indicate (1) that Marathon Digital Holdings, Inc. anticipates recording revenue of $38.4 million for the quarter ending in December 2022. Even though this amount is three times higher than what the cryptocurrency miner made in the previous quarter, it is still lower than the $60.3 million that it made in the same time period … Read more

What is Crypto435 that Coinbase Launched Today?

What is Crypto435 that Coinbase Launched Today?

Coinbase Global Inc., whose stock is traded on the NASDAQ under the symbol COIN, has launched several projects in an effort to accelerate the acceptance of cryptocurrencies in the United States with the launch of Crypto 435. The company, which is the most prominent cryptocurrency exchange that is publicly traded, is aware of the importance … Read more

‘Britcoin’ Will Greatly Benefit Businesses: Bank of England

'Britcoin' Will Greatly Benefit Businesses: Bank of England

Shortly after disclosing plans to investigate how to utilize a CBDCย and issue a digital pound, authorities from the Bank of England (BoE) and the UK Treasury stated that having a central bank digital currency in the United Kingdom could provide lucrative opportunities for businesses located in the area. Ben Broadbent, who serves as the deputy … Read more

The Blockchain Founders Fund Says it has Close Fund II at $75 Million

The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended. After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on … Read more

Prudential Regulatory Authority of UK to Propose Measures to Regulate Crypto in the Country

PRA of UK to Propose Measures to Regulate Crypto in the Country

The meteoric expansion of the cryptocurrency business has caused a dramatic shift in the focus of regulatory attention worldwide, a generally positive development. The digital economy has presented a more viable alternative for revitalizing commercial activity in light of the widespread devastation that the recessions associated with Covid-19 have wreaked on the economies of most … Read more

Binance Moved $1.8B of Your Stablecoins to Hedge Funds a few Months Back! Should This Worry You?

Binance Moved $1.8B of Your Stablecoins to Hedge Funds a few Months Back! Should This Worry You?

With the failure of FTX and Alameda before the end of 2017, the cryptocurrency exchange known as Binance, which is currently the largest in terms of daily traded volume and total user base, is the subject of intense scrutiny. Crypto experts have found malicious transactions within the firm’s wallets, even though the company has published … Read more

Alchemy Pay Gets its ‘License to Pay’ in Indonesia

Alchemy Pay Gets its 'License to Pay' in Indonesia

Alchemy Pay, a cryptocurrency gateway platform, recently announced that it had successfully obtained a license from the Bank Sentral Indonesia (BNI), working with a local fintech company called Berkah Digital Pembayaran. As a consequence, Alchemy Pay will be able to conduct money transfers and payments in the area. Earlier this morning, February 27, Alchemy Pay … Read more