The former CEO of the insolvent cryptocurrency lender Celsius, Alex Mashinsky, has been detained as he and his business are being sued by American financial officials. The cases stem from allegedly false representations made by t…
Kraken, Bybit, and Swyftx, three cryptocurrency exchanges, announced layoffs as the fallout from the collapse of the FTX exchange spread. KEY LESSONS The cryptocurrency exchanges Kraken, Bybit, and Swyftx have announced staff red…
Pay Attention to These Coins The performance of the cryptocurrency market hasn't been great, but it hasn't been all that horrible either over the past week. Considering that Bitcoin is presently trading at $17,000, it ma…
Emerging economies like Brazil and India are moving closer to cryptocurrency with their most recent action. Brazil approved the use of cryptocurrencies as a form of payment, whereas India is testing the retail use of its digital …
Pay Attention to These Coins Another difficult week has passed for the cryptocurrency market, with no indication that a break above present levels is imminent. The FTX collapse is still making news, and its ramifications could n…
To explore the viability of a digital dollar based on distributed ledger technology, nine U.S. financial organizations, including Citibank, Wells Fargo, and Mastercard, conducted a pilot program in collaboration with the Federal…
After the demise of FTX, Grayscale Bitcoin Trust (GBTC) experienced a record-breaking 43% discount to the value of its underlying bitcoin assets. KEY LESSONS The biggest Bitcoin fund, Grayscale Bitcoin Trust, enables investors to…
The legal repercussions of the circumstances that led to the collapse of cryptocurrency exchange FTX in less than two weeks and the company's filing for Chapter 11 bankruptcy on November 11 are likely to take considerably lon…
A retail cryptocurrency trading platform is being introduced by Fidelity Investments (FNF), featuring zero-commission trading for Bitcoin and Ether as a starting point. Fidelity Crypto, a new product for retail consumers that al…
Hong Kong may permit ordinary investors to trade in cryptocurrencies and crypto exchange-traded funds in an effort to restore its status as a fintech centre and compete on an equal footing with Singapore. In contrast to mainland…
Has the crypto market reached its low point? Investors are wondering this since Bitcoin, the most popular cryptocurrency, increased by more than 6% during the past week, passing the psychological $20,000 level, and because techn…
