Mohamed El-Erian, economist and the chief advisor at the global financial services provider company Allianz talked about the Fed policy and its possible impact on the Bitcoin price. In a recent interview with Squawk Box, he mentioned the current problems that exist in the economy. According to...
ARB (Association of Banks of Russia) has suggested banning the use of non-custodial wallets for storing cryptocurrencies. This means that users will need to use traditional exchange accounts. ARB also suggested criminalizing the behavior of not providing wallet private keys to licensed agencies. ...
Russia’s Ministry of Finance revealed that it finalized the bill "On Digital Currency." The updated bill includes clarification on crypto trading and mining. Thus, the bill suggests forming regulations for the crypto sector. According to the document, digital currencies can be accepted...
Portugal’s Central Bank has granted a license to Bison Bank to establish the first crypto bank in the country. According to a report by the local media Sapo, Bison Bank is authorized to launch Bison Digital Assets, a company that will deliver custodial and exchange services of cryptos. Thus,...
Development company Ava Labs, standing behind the Avalanche blockchain protocol, is raising a new fund. An article by Bloomberg says that the new valuation makes Ava Labs one of the cryptocurrency startups with highest value. Established in 2018, the firm is raising $350 M at a $5.25 bln valuation,...
Global fintech company FIS built a partnership with the cryptocurrency institutional custody startup Fireblocks to offer crypto trading and lending services to its over 6,000 clients. John Avery, FIS Global Product Head for Crypto and Digital Assets said that it makes it easy for the client base...
Trading platform Robinhood added four cryptos; Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and Compound (COMP). Robinhood announced the news via a blog post. The company mentioned that over 2021, crypto customers have continuously asked for sending and receiving tokens along with a wider...
Leading financial services provider Mastercard has applied for about 15 crypto and metaverse trademarks on April 4. Among them are filings for virtual cards and payments, NFTs, crypto and NFT marketplaces, etc. In February Mastercard hired 500 new team members to hold discussions with banks and...
Businessman, co-founder of leading private equity firm Carlyle Group, David Rubenstein reconsidered his views on crypto. At an interview with the Colossus podcast, Rubenstein said that he was previously skeptical about crypto as he thought nothing was underlying it. However, the businessman said it...
The Terra protocol team revealed a collaboration with Avalanche and the purchase of AVAX coins. Terraform Labs bought $100 M in AVAX for Treasury Swap of LUNA and AVAX to boost various activities. Along with this, the Luna Foundation Guard bought $100 M in AVAX with UST stablecoins. AVAX is now the...
Philippines-based digital payments company PayMaya launched a crypto feature, that enables buying, selling, and earning digital assets via the app. The app is expanding its services to make crypto more accessible to the public. It is licensed by the Central Bank of Philippines (Bangko Sentral...
Forbes issued an official release of crypto billionaires for 2022. This year's list includes 7 million new names compared to last year. The list published on April 5 includes entrepreneurs who made their fortune from crypto. Among the new people are founders of Web3 developer platform Alchemy Nikil...
Singapore regulators approved a new law, which provides stricter rules for the crypto services providers. According to the law, Singapore-based virtual service providers are required to get licensed regardless of their establishment location. Anti-money laundering and counter-terrorism guidelines...
Last week, Ronin Network, the blockchain protocol linked to the popular play-to-earn Axie Infinity was hacked and lost around $600 M in crypto. According to the crypto reporter Wu Blockchain, the address of the hacker began to move, transferring 1000 Ethers to another address and then 200 Ethers...
Major crypto exchange Coinbase plans to hire more people in India by the end of the year. The company released a blog post on April 4, according to which the team intends to add 1000 new employees to the present 300 staff at its Indian tech hub, which launched in 2021. The Chief Technology Officer...
According to the survey by the crypto exchange Gemini the past year was transformative for the crypto industry. Around 30,000 adults participated across 20 countries. The results in the report say that around 44% of the crypto owners in the US bought crypto for the first time in 2021, in Latin...
Hackers managed to steal around $625 M by exploiting the popular web3 video game Axie Infinity’s Ronin sidechain. A press release published by Ronin Network says the platform suspended activities on the bridge and the decentralized exchange platform Katana. It also reveals that starting on March...
LUNA, the native coin of the Terra blockchain, increased by 15% in the last 7 days and set a new all-time high of $107. The LUNA has grown in the last month significantly as a Singapore-established non-profit organization Luna Foundation Guard bought more than $3 bln worth of BTC as an additional...