Binance founder and former CEO hailed the new White House executive order, calling it a global breakthrough for crypto in the US. Following the new directive, banks may face fines for crypto bias, a move that could inspire institutional adoption. New White House Order Could Force Banks to Embrace Crypto The White House is working…
Remitly plans to introduce stablecoin functionality to its global payment network, marking a big shift in how the remittance company enables international money transfers. The Seattle-based fintech, known for serving immigrants and overseas workers, aims to improve speed, reliability and cost efficiency for users in over 170 countries. The company announced Monday it will begin…
Barry Silbert has made a notable return to Grayscale Investments, the asset management company and crypto exchange-traded fund (ETF) issuer, as chairman, just weeks after the crypto asset manager filed confidentially for an initial public offering (IPO) in the US. Silbert, who founded Grayscale in 2013, takes over from Mark Shifke, who will remain on…
After an impressive run-up back in July, the Dogecoin price as suffered a slowdown, just like the rest of the market. With this, the bears seem to have reclaimed control once again, pushing Dogecoin deeper into loss territory after taking out an important position at $0.2. Nevertheless, the current decline seems to pale in comparison…
The possible top for the Bitcoin price this cycle has been a topic of hot debate over the last few years. The rally to a new all-time high above $123,000 back in July introduced renewed vigor into the arguments, as some believe the leading cryptocurrency has reached its highest point, and others continue to expect…
Verb Technology (VERB), an artificial intelligence (AI)-powered, video-based technology company, is poised to make a significant leap in the crypto space. The company announced it raised $558 million in a private placement aimed at establishing the first publicly traded treasury strategy company centered on Toncoin (TON). Verb Technology plans to rebrand as TON Strategy Co….
The White House order will involve banks being fined if they drop customers for political reasons or discriminate against digital asset firms and organizations. The executive order directs bank regulators to investigate whether any banks or financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws, reported The…
The CEO of South Korean crypto exchange Bitsonic has been sentenced to a second jail term for another fraud charge. CEO Shin Jin-wook already faces a 7-year sentence in prison for stealing 10 billion won ($7.5 million) worth of customer deposits. South Korean media outlet Digital Asset reported that a Daegu District Court judge sentenced…
After falling below a crucial support level, Bitcoin (BTC) is attempting to recover some of its lost ground. An analyst suggested that this week’s performance will be decisive for the cryptocurrency’s next trend. Bitcoin Loses Bull Flag Formation Over the weekend, Bitcoin lost its post-breakout range for the first time in three weeks, falling to…
Michael Saylor’s enterprise software company, Strategy (previously MicroStrategy), has made headlines once again with a substantial Bitcoin (BTC) acquisition, pushing its total holdings beyond 600,000 coins. The company purchased an impressive $2.46 billion worth of Bitcoin over the past week, marking its third-largest purchase by dollar amount since it began acquiring the digital asset five…