Billionaire investor Ray Dalio believes that the notion of “cash is trash” is no longer accurate in today’s macroeconomic landscape. Speaking at the Greenwich Economic Forum, Dalio stated that financial conditions have changed significantly in recent years, making cash a relatively attractive asset class, at least for the time being. He acknowledged that his previous […]
Major cryptocurrency exchanges Binance and OKX have announced their plans to comply with new financial promotion regulations in the United Kingdom. The Financial Conduct Authority (FCA) implemented the country’s new Financial Promotions (FinProm) Regime on October 8th, aiming to ensure fair and transparent crypto promotions. Binance has launched a new domain for UK users and […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried had invested $500 million in the artificial intelligence startup, but the government alleges that the funds were misappropriated from FTX customer deposits. Anthropic has been seeking new […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried, the former CEO of FTX, invested $500 million in the artificial intelligence startup in April 2022. The U.S. government alleges that the investment was made using misappropriated […]
US judge Analisa Torres has denied the SEC’s appeal in the legal battle between Ripple and the regulatory agency. The trial, which is scheduled for April 23, 2024, is seen as a crucial event for the cryptocurrency sector and future regulations in the US. Ripple’s recent legal victories have also led to a surge in […]
Ripple and Stellar are making significant strides in revolutionizing cross-border payments, and their partnership with SWIFT is a major milestone in the financial industry. Despite their different designs, both payment protocols share a common goal of enabling real-time settlement and low-cost international transfers. Ripple aims to transform the financial system and the future of finance, […]
The Australian Freight & Trade Alliance (FTA) is considering a partnership with Ripple, a fintech company known for its blockchain-based payment solutions. FTA Director Paul Zalai expressed openness to collaboration with Ripple, and while no formal announcement has been made, the international trade sector in Australia is taking notice. Ripple had previously approached the FTA […]
Serious concerns have emerged regarding the financial support provided to Solana validators by the Solana Foundation and Alameda Research. Allegations claim that over 90% of validators are heavily subsidized by these entities, raising questions about the network’s autonomy and decentralization.Arixon.eth, a researcher, has found that the Solana network’s node count and validator numbers were artificially […]
A widely followed crypto analyst, TechDev, has suggested that Bitcoin’s bear market is over and an expansion upward is imminent. He shared a chart with monthly candles, Bollinger bands, and an additional indicator showing the logarithmic width between the bands relative to the 200-month moving average. The chart appears to suggest that Bitcoin’s Bollinger bands, […]
HTX (formerly Huobi) has recovered the crypto funds stolen by a hacker in late September and honored its 5% white hat bonus offer to the hacker. On September 25, the exchange was vulnerable and 5,000 ETH were drained from one of its hot wallets. HTX contacted the attacker and offered a 5% white hat bonus […]
