Monthly archives: April 2024

The terms of Keonne Rodriguez’s bail prevent him from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court.

Modular blockchains might lead to a poor user experience, but — unlike Solana — they remain functional even during periods of high demand.

Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case.

Big Four accounting firm KPMG says that investors are warming up to crypto as a way to hedge against the debasement of fiat currencies by central banks. In a new report, KPMG looks at the Canadian market and says that in 2023, half of financial service providers polled in the country offered crypto asset services, …

Continue reading “KPMG Says Institutional Investors Looking to Crypto As ‘Debasement Hedge’ Amid Rising US National Debt”

On-chain analyst Willy Woo believes that a critical time is arriving for Bitcoin (BTC) as he says bearish momentum subsides. Woo tells his 1.1 million followers on the social media platform X that key indicators suggest Bitcoin could soon see a bullish reversal. “Summary: it’s crunch time. BTC needs to make a decision. Technical indicators …

Continue reading “On-Chain Analyst Willy Woo Says Bitcoin Entering into ‘Crunch Time’ As Bearish Regime for BTC Subsides”

The developers of Bitcoin (BTC) wallets Phoenix Wallet and Wasabi Wallet have announced that they will stop providing services to US consumers. In a statement, Wasabi Wallet maker zkSNACKs says it is now blocking US citizens and residents from visiting its websites, downloading its wallet and using related products and services such as API (application …

Continue reading “Phoenix and Wasabi Leave US Market As Authorities Clamp Down on Self-Custody Wallets”

The firm behind the top US dollar-pegged stablecoin by market cap is investing hundreds of millions of dollars in a “brain-computer-interface” (BCI) company. In a new announcement, USDT-issuer Tether says they have invested $200 million in Blackrock Neurotech, making Tether the majority stakeholder in the firm. According to the announcement, Blackrock Neurotech’s BCI technology has already helped physically …

Continue reading “Stablecoin Giant Tether Pours $200,000,000 Into New ‘Brain-Computer-Interface’ Company BlackRock Neurotech”

The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency intervention from the country’s financial authorities. After touching 160.17 per USD, Japan moved to stop the slide and prop up the world’s third most-traded currency, reports the Wall Street Journal. “The U.S. dollar weakens 1% …

Continue reading “Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility”

Financial services titan Franklin Templeton has listed its new spot market Ethereum (ETH) exchange-traded fund (ETF) with the Depository Trust and Clearing Corporation (DTCC). In its products offering page, the DTCC has listed Ethereum-based exchange-traded products (ETPs) from key financial giants, including Franklin Templeton’s Ethereum TR Ethereum ETF (EZET). The DTCC, founded in 1999, is …

Continue reading “Financial Giant Franklin Templeton Lists New Spot Ethereum ETF With DTCC”

New York’s Attorney General is penalizing a national bank for freezing its customers’ accounts and handing the funds over to debt collectors. New York AG Letitia James says an investigation by the Office of the Attorney General (OAG) found that South Dakota-based Pathward Bank illegally sent debt collectors tens of thousands of dollars from New Yorkers’ …

Continue reading “Billion-Dollar Bank Paying $700,000 Penalty for Illegally Freezing Accounts, Transferring Customers’ Cash to Debt Collectors”