Crypto

Ripple has publishe­d a new report that showcases the­ immense potential of the­se technologies to re­volutionize the global payments industry. This industry is proje­cted to reach an astounding value of $250 trillion by 2027. The “2023 Ne­w Value Report” reve­als a significant shift in the payments sector in re­cent years. More consume­rs now demand digital-first […]

On July 19, Australia’s financial services regulator declared that it had canceled the license of the Australian branch of the collapsed US crypto exchange, FTX. The license was revoked on July 14th. The decision follows events that have threatened the stability of Australia’s crypto industry. Bahamas-based FTX had become a prominent company in the crypto […]

The National Australia Bank (NAB) has taken strict action to avoid potential scams related to risky crypto exchanges. The bank stopped certain payments to such exchanges to protect customers. NAB is one of the country’s ‘big four’ financial institutions. According to a July 17 statement, NAB suspended payments totaling over $270 million ($183.8 million) from […]

Recent research published by the investment firm Galaxy Digital study shows U.S. crypto firms are resilient against government inquiry. The analysis reveals how these growing enterprises have adapted and thrived in the face of government regulations. Despite continued challenges, these businesses continue to draw significant capital. Roughly half of every fund moves into the United […]

The Indonesian government is planning to launch a national crypto exchange. According to local news agency Tempo, Indonesia’s Futures and Commodity Trading Regulatory Agency (Bappebti) intend to introduce this trading platform before the end of July 2023. Didid Noordiatmoko, Bappebti’s head, stressed that once the exchange is active, all crypto transactions in the country will […]

Alex Mashinsky, CEO of bankrupt crypto lender Celsius Network, pleaded not guilty to fraud charges brought against him in the US on Thursday. The authorities accused him of defrauding customers and manipulating the price of the platform’s native crypto token, CEL.  The U.S. Department of Justice arrested him on Thursday morning. The feds charged him […]

A coalition of industry watchdogs in the United States has joined forces to voice their opposition to a draft bill on the crypto market structure put forth by the United States House Financial Services Committee. Prominent groups, including Americans for Financial Reform and the Center for Responsible Lending, wrote a detailed letter to the committee. […]

STEPN, a Solana-based game platform, reported $122.5 million in second-quarter profits. The team said this in a Medium post on Tuesday, despite declining crypto market conditions over the past few months. https://t.co/HO9hTEehtx — STEPN | Public Beta Phase VI (@Stepnofficial) July 12, 2022 The team plans to allocate 5% of these profits strategically. They aim […]

Surprisingly, the latest Consumer Price Index (CPI) report in the US revealed a meager 0.2% increase in inflation for June. This news comes as a relief to equity, gold, and silver investors, as it suggests a controlled rise in prices. However, the impact on the crypto market was minimal, despite the sudden spike in social […]