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1 year, 1 month agoNew US Accounting Rules Allow Realistic Valuation of Crypto Assets
Crypto companies and institutions holding crypto assets in the United States will soon be able to record the value of their assets more accurately, thanks to new accounting rules set by the Financial Accounting…
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1 year, 1 month agoNew Accounting Standards Enhance Transparency for Corporate Cryptocurrency Holdings
The Financial Accounting Standards Board (FASB) has announced new standards that will allow companies to use fair-value accounting for specific cryptocurrencies on their balance sheets. These standards, which will…
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1 year, 1 month agoCo-founder of Three Arrows Capital Faces Questioning in Singapore Court over Crypto Fund Collapse
In a recent court hearing in Singapore, Su Zhu, co-founder of Three Arrows Capital (3AC), faced questioning regarding the collapse of the crypto fund. The liquidators, Teneo, sought details on the fund’s failure a…
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1 year, 1 month agoUniswap v3 Expands DeFi Opportunities by Merging with Bitcoin on Rootstock
Uniswap, the leading decentralized exchange (DEX) in the world of decentralized finance (DeFi), has made a groundbreaking move by deploying its version 3 (v3) on Rootstock, a Bitcoin sidechain. This integration…
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1 year, 1 month agoRegulatory Dispute Over Cryptocurrency Classification Creates Uncertainty for US Crypto Industry
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed concerns about the lack of clear regulatory guidelines for cryptocurrencies in the United States. He believes that…
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1 year, 1 month agoCoinbase Expands International Exchange to Address Regulatory Uncertainty
US-based cryptocurrency exchange Coinbase has announced plans to expand its international exchange by offering spot trading. The move is in response to hesitancy among some users to trade on US venues due to…
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1 year, 1 month agoCrypto Hedge Fund Co-Founder Su Zhu Set for Release After Demonstrating Good Behavior in Custody
Su Zhu, co-founder of the crypto hedge fund Three Arrows Capital (3AC), is set to be released from custody after spending several months behind bars. Zhu had received a four-month jail sentence for non-cooperation…
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1 year, 1 month agoBlackRock's Revised Bitcoin ETF Mechanics Open Door for Wall Street Banks
BlackRock’s proposed spot bitcoin ETF has made a change to its mechanics that could potentially involve Wall Street banks in the cryptocurrency market. The change allows authorized participants (APs) to create n…
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1 year, 1 month agoDWS to Launch Joint Venture for Tokenization in Europe, Eyes Expansion into Switzerland
DWS, the fund subsidiary of Deutsche Bank, is partnering with Flow Traders, an ETP market maker, and crypto specialist Galaxy to launch a joint venture called Allunity. The Frankfurt-based joint venture aims to…
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1 year, 1 month agoIsrael-Hamas Conflict Fuels Demand for Bitcoin as Global Tensions Rise
The recent Israel-Gaza war has sparked a renewed push for stricter regulation of the crypto market in the United States. Senator Elizabeth Warren and her colleague Roger Marshall have written a letter to the…
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1 year, 1 month agoCantor Fitzgerald CEO Bullish on Tether and Bitcoin, Dismisses Other Cryptocurrencies as "Make Believe
Howard Lutnik, CEO of Cantor Fitzgerald, recently shared his insights on the future of the crypto industry, highlighting Tether and Bitcoin during the CNBC Money Movers Podcast. Lutnik expressed confidence in…
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1 year, 1 month agoDubai Grants VASP License to CoinMENA, Boosting Crypto Services in the Region
Dubai-based cryptocurrency exchange CoinMENA has been awarded a virtual asset service provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows CoinMENA to operate and o…
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1 year, 1 month agoFormer Kraken MENA Chief Commercial Officer Reveals Diversified Strategies for High Yields on BTC and ETH
M2, a startup in the fintech and crypto industry, has achieved remarkable success in just over a year. Led by CEO Stefan Kimmel, who previously served as Chief Commercial Officer at Kraken MENA, the company has…
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1 year, 1 month agoKuCoin Settles with New York for $22 Million Over Illegal Operations and Misleading Investors
Cryptocurrency exchange KuCoin has reached a $22 million settlement with the state of New York following allegations of illegal operation and misleading investors. The settlement includes $16.7 million in refunds…
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1 year, 1 month agoOKX DEX Suffers $2.7 Million Hack Due to Leaked Private Key
The decentralized exchange (DEX) of cryptocurrency exchange OKX, known as OKX DEX, experienced a hack resulting in a loss of $2.7 million. The hack occurred after the private key of the proxy admin owner was…
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1 year, 1 month agoUBS Forms Elite Team to Handle Key Corporate Clients
The UBS has formed a new unit called the “Executive Client Group” consisting of nine bankers who will be responsible for managing the bank’s most important corporate clients worldwide and negotiating directly with…
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1 year, 1 month agoDWS, Galaxy Digital, and Flow Traders Collaborate to Launch Euro Stablecoin AllUnity
Deutsche Bank’s asset management arm, DWS, has announced a new partnership with Galaxy Digital and Flow Traders to launch a euro-denominated stablecoin called AllUnity. The stablecoin will be “fully col…
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1 year, 1 month agoEFG Expands Presence in Asia with Key Appointments
EFG, a Swiss bank, has made three new high-level appointments in Asia as part of its strategic efforts to expand its business in the Asia-Pacific region. The bank aims to strengthen its regional presence by hiring…
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1 year, 1 month agoCantor Fitzgerald CEO Howard Lutnick Praises Tether Stablecoin and Bitcoin, Highlights Potential Benefits for Currency-Collapsing Countries
Howard Lutnick, the CEO of Cantor Fitzgerald, has expressed his admiration for Tether, a stablecoin issuer, stating that he is a “big fan” of the company. Lutnick revealed that he holds Tether’s treasuries, which…
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1 year, 1 month agoKuCoin Settles Lawsuit with NYAG, Pays $22 Million and Ceases Trading Activities in New York
KuCoin, one of the leading cryptocurrency exchanges, has agreed to pay $22 million and halt trading activities in New York to settle a lawsuit brought against it by the state. As part of the settlement, KuCoin will…
