Crypto

Galaxy Digital CEO Mike Novogratz has praised Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ), seeing it as a positive development for the cryptocurrency giant. Novogratz believes the settlement addresses concerns, making Binance less risky for investors. In a Bloomberg interview on Nov. 29, Novogratz emphasized the importance of a reasonable […]

In 2024, HSBC will launch a digital asset custody service catering to institutional clients. Teaming up with Ripple-owned Metaco addresses the rising demand for secure custody of digital assets. HSBC’s Chief Digital Officer highlighted the strategic partnerships driving the initiative, using Metaco’s Harmonize solution. This new service complements HSBC’s recent tokenized gold system and extends […]

A recent working paper challenges claims by anti-crypto politicians, asserting Bitcoin mining aids clean energy and grid stability. Authored by Bitcoin advocates and ERCOT’s former president, the paper underscores Bitcoin mining’s adaptability and rapid response. It emphasizes its role in enhancing grid flexibility for integrating renewable energy. The paper, “Leveraging Bitcoin Miners as Flexible Load […]

Inferno Drainer, one of the most popular crypto wallet-draining kits available for hire, says it’s shutting down after helping phishing scammers steal almost $70m worth of crypto this year. The team behind Inferno Drainer said in a Nov. 26 Telegram post that it was “time for us to move on.” They said they would not […]

Tether and Bitfinex stated in a transparency-driven decision that they will not appeal the Freedom of Information Law request made by several media. They made this choice to uphold transparency, as mentioned in their statement. Furthermore, Tether and Bitfinex have agreed to withdraw the original opposition to a Freedom of Information Law (FOIL) request filed […]

On the 24th of November, the UK government leaped, accepting the use of blockchain platforms for fund tokenization by authorizing specific funds. This is a proactive measure by the government that portrays its interest in promoting innovations in finance. The groundbreaking proposal, greenlighted officially by the UK government, empowers authorized funds to adopt tokenization in […]

In Australia Securities and Investments Commission (ASIC) is intensifying its scrutiny of the cryptocurrency market, issuing fresh warnings ahead of upcoming government regulations. ASIC has raised concerns about the risks associated with cryptocurrencies, labeling them as “created out of nothing.” Last year, ASIC Chair Joseph Longo cautioned investors against going all-in on cryptocurrencies due to […]

In a surprising turn of events, Bittrex Global, a prominent cryptocurrency exchange, announced the impending closure of its operations just months after its U.S. counterpart faced a similar fate. The platform will disable all trading activities on December 4, giving customers a narrow window to complete any essential transactions before the shutdown. After December 4, […]

Poloniex, the crypto-exchange­, has delivered a missive­ to the offender responsible for swiping $100 million in digital treasure­s from its vault. It claims to have pinpointed the culprit. The­y want to allow the guilty party to re­turn the stolen goods. In return, the­y dangle a $10 million reward. A social media post from Pe­ckShield, a […]