Tag: Bank
Jun 28, 2023 Crypto News
FTX Halts $500 Million Stake Sale in AI Startup
In a twist of unforeseen events, bankrupt cryptocurrency exchange FTX has abruptly ceased the sale of its massive$500 million stake in the artificial intelligence startup, Anthropic. This significant stake sale was intended as a measure to recompense, but has been terminated for reasons…
Jun 26, 2023 Crypto News
Bankrupt FTX Has Recover $7 Billion In Liquid Assets
FTX has made a remarkable recovery by claiming to regain over $7 billion in liquid assets. After filing for bankruptcy in November 2022, FTX found itself in a dire liquidity crisis that sent shockwaves across the crypto industry. FTX's Bankruptcy – A…
Jun 21, 2023 BITCOIN
Bitcoin: Breaking 30k Barriers and Setting New Records
Bitcoin, the world's leading cryptocurrency, has been making waves in the financial market. Its recent achievement of surpassing the $30,000 mark and experiencing a remarkable 12% gain within just 24 hours has caught the attention of investors worldwide. This significant…
Jun 14, 2023 Crypto News
Brazil Passes New Law Regulating Cryptocurrency
Portaldobitcoin reported Brazil has passed a new law aimed at regulating the digital asset market. The law designates the country's central bank as the primary regulator, granting it the authority to authorize and oversee operations within the cryptocurrency market. This…
Jun 11, 2023 Crypto News
OECD Proposes New Tax Standards for Crypto Worldwide
In a significant move to regulate the rapidly expanding crypto-asset market, the Organisation for Economic Co-operation and Development (OECD) has proposed new tax standards that aim to enhance global tax transparency. These standards, comprising the Crypto-Asset Reporting Framework (CARF) and…
Jun 10, 2023 Crypto News
TUSD Mints via Prime Trust Temporarily Paused
TrueUSD (TUSD) announced that the minting service provided through Prime Trust has been temporarily paused. TrueUSD, a prominent stablecoin in the cryptocurrency ecosystem, has temporarily halted the minting of TUSD tokens through its partnership with Prime Trust. While the temporary…
Jun 05, 2023 Crypto News
JPMorgan Research Signals a Bitcoin Boom Ahead of Halving
In a recent research report, JPMorgan, a leading financial institution, has highlighted the projected retail demand for Bitcoin (BTC) in the coming year leading up to the next halving event. This event, expected to double the production cost of Bitcoin…
May 31, 2023 Crypto News
FTX Has Paid $100 Million In Professional Fees
FTX, Once the prominent cryptocurrency exchange, has faced significant financial challenges and mismanagement, leading to its filing for Chapter 11 bankruptcy last year.not One aspect that has drawn attention in the FTX Chapter 11 filing is the substantial amount of…
May 30, 2023 Crypto News
FTX Founder Sam Bankman-Fried Charged with Bribery
Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has been charged with bribery for allegedly paying $40 million to Chinese officials in order to reclaim $1 billion in frozen cryptocurrency.US The charges were announced by the U.S. Attorney's Office…
May 27, 2023 BITCOIN
JPMorgan Predicts Bitcoin’s Potential Surge to $45,000
According to JPMorgan analysts, Bitcoin is expected to reach a potential price of $45,000, drawing comparisons to the surging gold prices. While the outlook is optimistic, the bank remains cautious due to potential factors that could impact the market. In…
May 23, 2023 Crypto News
FTX CEO Reveals Ambitious Plans for FTX 2.0
In recent court documents, the ambitious plans of FTX CEO John Ray III for the highly anticipated FTX 2.0 have been brought to light. These documents offer a valuable glimpse into the CEO's strategies and initiatives aimed at revitalizing and…
May 20, 2023 BITCOIN
Bitcoin Miami 2023: Exploring the Future of Bitcoin
The Bitcoin Miami conference, the world's largest event dedicated to digital currency, is officially underway. This year's gathering comes at a critical time as Bitcoin faces challenges in recovering from the setbacks of the banking crisis in March.Bitcoin Miami 2023…
May 19, 2023 Crypto LEARN
How Does Bitcoin Work? : Revolutionary Digital Money
In recent years, Bitcoin has gained significant attention as a decentralized digital currency. But how does Bitcoin work exactly? In this article, we will go into the inner workings of Bitcoin and explore its benefits, risks, and potential as an…
May 18, 2023 Crypto News
Understanding the Bearish Crypto Market Condition Analysis
The current state of the crypto market has been marked by a bearish trend. With the total market capitalization of all cryptocurrencies standing above $1 trillion and Bitcoin falling below $27,000, investors and enthusiasts are closely monitoring the market's dynamics…
May 18, 2023 Crypto News
Ripple Announcing CBDC Platform For Central Bank
Ripple, a prominent company in the field of cryptocurrency, has made a significant announcement today with the unveiling of the Ripple CBDC Platform. This groundbreaking solution aims to empower central banks, governments, and financial institutions to issue their own central…
May 16, 2023 Crypto News
Lido V2 Upgrade: Ethereum Withdrawals Now Live
Lido V2 has recently launched, The most notable addition is the ability for Ethereum stakers to directly unstake their ETH through the Lido protocol. Lido Finance, with its 29% share of Ethereum depositors, has become a preferred choice for stakers…
May 16, 2023 Crypto News
Tether Reduces Bank Deposits and Adds Gold and Bitcoin
In a significant move to reduce its exposure to potential bank failures, Tether, the popular stablecoin issuer, has taken measures to minimize its bank deposits while expanding its asset reserves. Tether has recently reported a substantial decrease in its bank…
May 14, 2023 Altcoin
Ripple Joins IMF to Help Central Banks Develop CBDCs
Ripple, the company behind the XRP cryptocurrency, has announced that it has joined the International Monetary Fund (IMF) to help central banks develop central bank digital currencies (CBDCs).digital currencies Ripple's technology will be used by the IMF to help central…
May 13, 2023 Crypto News
XRP Price Prediction 2023: Will XRP Reach $1 Soon?
The price of XRP has been on a downward trend since its all-time high of $3.40 in January 2018. However, some analysts believe that the XRP price could soon start to recover. In a recent report, DigitalCoinPrice predicted that the…
May 08, 2023 BITCOIN
Bitcoin Price Prediction: Expert Analysis and Latest Trends
Bitcoin's price has been fluctuating in recent days, with some analysts predicting a "breakout" that could see the cryptocurrency reach $63,000. However, as of May 8, 2023, Bitcoin and Ether fell slightly, with Bitcoin off 0.34% to $28,787. Despite this, analysts remain…
May 05, 2023 Crypto News
Deloitte partners with Polkadot Ecosystem KILT Protocol
Deloitte partners with KILT Protocol to enhance identity protocols on the Polkadot ecosystem2/ KILT Protocol's reusable digital identity credentials will support Deloitte's Know Your Customer / Know Your Business processes (KYC/KYB) and protect financial institutions against fraud, corruption, money laundering,…