A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court, effectively locks out over $1.1 billion of assets from 3AC co-founders Su Zhu and Kyle Davies, as well as […]
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court, effectively locks out over $1.1 billion of assets from 3AC co-founders Su Zhu and Kyle Davies, as well as […]
A recent survey conducted by crypto asset manager Grayscale reveals that 40% of American investors are considering adding digital assets to their investment portfolios in the future. This indicates a shifting trend in the growth of the digital assets industry, despite the setback caused by the collapse of the FTX crypto exchange.The survey also highlights […]
Worldcoin, a cryptocurrency company, has reportedly disabled its offline orb verification function in India, Brazil, and France. The company had introduced the Orb, a five-pound chromatic helmet that scans individuals’ eyeballs to verify their identities, as a means of onboarding people in regions where traditional identification is not always available.Worldcoin incentivized the offline onboarding process […]
The Federal Deposit Insurance Corporation (FDIC) of the United States has implemented a new rule that will impact the public perception of certain cryptocurrency firms. The FDIC’s board of directors has finalized regulations to address false advertising, misrepresentations of deposit insurance coverage, and misuse of the FDIC’s name or logo.Starting in 2025, institutions insured by […]
In recent years, there has been a significant shift in the global economic ecosystem as emerging powers challenge the dominance of the US dollar in international trade. China and Saudi Arabia, key players in the BRICS alliance, are leading this movement. They have signed a currency swap agreement valued at $6.93 billion, conducted entirely in […]
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change that would allow NYSE Arca to list and trade shares of their spot Bitcoin ETF. BlackRock’s meeting discussed a proposed rule change that would permit […]
Ripple’s XRP has emerged as a potential solution to the problems of instant payments in the United States. While the country lags behind others in implementing an effective instant payments system, XRP offers an efficient alternative to the slow progress of the Federal Reserve Bank’s FedNow service. With its promise of efficient cross-border transactions and […]
The Bank of China’s Shanghai branch has successfully completed the first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (e-CNY CBDC). The settlement, which took place on December 20, involved the transfer of 100 million yuan ($14 million) e-CNY CBDC received overseas for gold via the Shanghai Financial Exchange International […]
Bitcoin (BTC) has been performing exceptionally well, surpassing traditional financial institutions with a market cap of around $841 billion. Despite regulatory crackdowns, Bitcoin continues to attract significant cash inflows, maintaining its dominance in the crypto market.Renowned crypto analyst PlanB predicts that Bitcoin could reach its all-time high (ATH) of $69k in the coming months. PlanB […]
