The number of banks in the U.S. under the Federal Deposit Insurance Corporation (FDIC) dabbling with crypto assets has continued to surge, indicating a strong demand for assets such as Bitcoin and Ether as well as crypto-related services. On this note, a report published on Feb 16 by the FDIC Office of Inspector General (IOG) revealed that as of January […]

In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, particularly for traditional banks. As the collapse of the Silvergate bank has taught the risks related to crypto investments, several central banks are now taking strict […]

According to a statement on March 9, bank messaging platform Society for Worldwide Interbank Financial Telecommunications, or SWIFT, disclosed that the financial institution witnessed positive results related to its pilot test of linking different central bank digital currencies (CBDCs). During a 12-week testing period, SWIFT simulated nearly 5,000 transactions between two different blockchain networks and existing fiat payment systems. Over 18 […]

Bitcoin (BTC) price has fallen three times and is nearing its previous low of $21,500. Bitcoin price long-term forecast: bearish The previous low is the historical price level of February 10. This current support level has held since the price moved on January 20. The current support will be tested for the third time today. If the current support holds, […]

Amid the United States regulators increasingly scrutinizing stablecoins, the community continues to pitch new ideas of stablecoins independent from the U.S. dollar. Arthur Hayes, co-founder and former CEO of BitMEX cryptocurrency exchange, has proposed creating a new stablecoin with a value pegged to the sum of $1 worth of Bitcoin (BTC) and one inverse perpetual swap of BTC against USD. […]

The registration dates for Mt. Gox creditors have been pushed back by another month. According to the announcement, the deadline has been pushed from March 10 to April 10, allowing creditors to file their claim for another month. Along with the extension for the registration deadline, the distribution deadline has been pushed back by another month as well. The distribution […]

Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the former crypto exchange executive — to give him more time to prepare his defense. In a Mar. 8 letter to United States District Judge Lewis Kaplan, Bankman-Fried’s lawyers said they weren’t formally requesting a date change just yet, but it may […]

Coinbase, the largest cryptocurrency exchange in the U.S., has unveiled “Wallet as a Service” (WaaS) – a new wallet that seeks to onboard institutions and billions of users globally to Web3. Announcing the move on March 8, the company noted that the wallet will help eliminate the barriers associated with conventional crypto wallets when accessing web3 services, such as the […]