Institutional Adoption of Cryptocurrency is Steadily Growing: Nasdaq
Nasdaq, an exchange operator in the business for 52 years, has recently been considering moving into the cryptocurrency market. The company is currently striving to provide cryptocurrency trading and custodian services to its customers. To begin providing cryptocurrency custodial services to its customers, Nasdaq is currently waiting for approval from the NYDFS by the end…
G7 Nations Have Called for More Stringent Cryptocurrency Regulations
According to recent reports, the advanced economies of the Group of Seven (G7), which consists of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union, are collaborating to develop stricter regulations for the cryptocurrency business. Those who are familiar with the situation claim that during the next G7 summit,…
Can Bitcoin be the Answer to Africa’s Crumbling Financial System?
Since its inception in 2008, the most prominent cryptocurrency, Bitcoin, has been met with widespread skepticism throughout the majority of the world. It is difficult for governments to accept this innovative form of money because it appears to be a scheme to make quick money, and many people believe that due to its complexity, it’d…
Coinbase CEO Suggests Electing Pro-Crypto Congressmen to Better Regulate Crypto Space
Brian Armstrong, the COE of Coinbase Global Inc, an American publically traded bitcoin exchange, has campaigned for a more comprehensive representation of pro-crypto persons in US politics. Coinbase Global Inc is a publicly-traded company in the United States. During his speech at a Twitter Spaces event (1), Armstrong urged cryptocurrency supporters to “call their congressman, give…
Louis Vuitton Parent LVMH Espouses the Importance of Blockchain Tech
LVMH, a corporation specializing in the production of luxury goods, has asserted that blockchain technology is essential for luxury companies to enhance the product lifecycle. “When discussing luxury, you are dealing with long-term products, repair, and care,” asserts Franck Le Moal, the Chief Information Officer (CIO) of the luxury goods giant LVMH. In addition, Le…
FTX Debtors to Sell $95M Worth of Mystem Labs Shares to Stay Afloat
On Thursday, March 23, creditors of the defunct cryptocurrency exchange FTX submitted a petition to the bankruptcy court requesting a 95 million dollar share in the Web3 company Mysten Labs, based in Delaware. The cryptocurrency trading platform FTX has managed to stay afloat to make good on its promise to compensate consumers who were adversely…
Binance Employees Helping Mainland China Residents Subvert KYC Norms?
The demand for hazardous assets, such as Bitcoin, has seen a considerable increase recently due to rising global hyperinflation and the fear of a worldwide banking catastrophe. In mainland China, the trading of cryptocurrencies has been illegal since 2017, and the ownership of digital assets such as Bitcoin was made illegal in 2021. Despite this,…
Contango Digital Assets Secures a $1.2 Million Seed Money for Web3 Infra
Recently, Contango Digital Assets closed a $1.2 million seed investment for building Web3 infrastructure. The leading blockchain VC firm has invested over $7 million worldwide in Web3 businesses as of this writing. In 2023, when widespread use of Web3 technologies and blockchains is expected to peak, Contango is predicted to boost its revenue by 100%. Investors…
Fed Rate Hikes Unable to Put Much Dent in Crypto Charts
It would appear that the cryptocurrency market has, at last, made the conscious decision to ignore the performance of traditional markets and instead focus on developing its path. In its ongoing effort to combat inflation, the Federal Reserve stated earlier this week that it would increase interest rates by 25 basis points. Although there was…
Ethereum Co-founder Joe Lubin Reiterates Unlike Oil, Ethereum Is Not a Security but a Commodity
According to the most recent White House report to Congress, the government of former Vice President Joe Biden mentioned that most crypto assets are either uncontrolled securities, a commodity, a derivative, or other investment derivatives, depending on the basics underpinning them. As a consequence, all digital assets, except for Bitcoin, which is generally considered digital…