The New York State Department of Financial Services (NYDFS) is publishing new rules for banks planning to submit proposals to venture into crypto. Under the new guidance, New York-regulated banking organizations and NYDFS-licensed foreign banking organizations must submit a business plan 90 days before engaging in crypto activities. The guidance provides the types of information …
Yearly archives: 2022
Mysterious Shiba Inu Whale Abruptly Moves 2,673,966,699,162 SHIB in Massive Crypto Transaction
An anonymous Shiba Inu (SHIB) whale is suddenly moving over a trillion SHIB in a single massive transaction. According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted a staggering 2.6 trillion tokens worth about $23 million at time of writing from one unknown crypto wallet to another. The data reveals …
Corporate America has finally taken notice of Web3: US trademark lawyer
This year saw an influx of trademark applications filed by various companies looking to get in on the Web3 action. By November, a total number of 4999 US trademark applications had been filed for cryptocurrencies and digital related goods/services — this according to USPTO licensed trademark attorney, Mike Kondoudis. According to the USPTO licensed trademark attorney, …
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US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities. In its annual report released on Dec. 16, the FSOC recommended members of Congress pass legislation granting “explicit rulemaking authority for federal financial regulators over the spot market for crypto-assets,” …
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Bitcoin and Ethereum gave back their gains, but has anything actually changed?
Crypto markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser. The Fed hiked interest rates by 0.50%, which was well …
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Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Industry experts are confident in DeFi and believe the sector would continue to see adoption despite its security flaws, primarily due to the mammoth failure of centralized exchanges. Despite …
Bitcoin Price Prediction for Today, December 15: BTC/USD Faces a Fresh Support Below $17,500
The Bitcoin price prediction shows BTC sliding towards the downside as the cryptocurrency touches the $17,376 low. Bitcoin Prediction Statistics Data: Bitcoin price now – […] Go to Source
Bitcoin Price Prediction for Today, December 16: BTC Price Violates the $17K Support
Bitcoin Approaches Oversold Region as BTC Price Violates the $17K Support – December 16, 2022 Bitcoin has been trapped between the moving average lines since […] Go to Source
PayPal Users Can Now Buy ETH With New Partnership
According to a new announcement published by MetaMask’s founder, Consensys Software Inc, this Wednesday, December 14th, the leading Ethereum wallet has partnered with the world’s […] Go to Source
Donald Trump Wades Into The World of NFT
Former United States President Donald Trump just announced his own NFT collection, which he named Collect Trump Cards. According to the project’s official website, there […] Go to Source
Ethereum Rival Plummets in Price After Stablecoin Built on Its Chain Loses Peg to US Dollar
The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after …
Serenity Shield Signs an Extended Partnership With Archethic
December 16, 2022 – Singapore, Singapore Serenity Shield, a decentralized application platform that offers an innovative – revolutionary approach to crypto inheritance and secure storage solutions for sensitive data – is pleased to announce the signing of an extended partnership with the technology group Archethic. As part of the partnership, Serenity Shield will integrate their product, the …
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Why is Ethereum (ETH) price down today?
Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network …
Bitcoin targets $16.7K amid fear BNB may ‘drag whole crypto market down’
Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below it” Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp. The pair …
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FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first. In a Dec. 16 hearing for FTX Trading’s bankruptcy proceedings, White & Case partner Jason Zakia said allegations made by debtors concerning …