It appears that due to the strict regulations concerning cryptocurrencies and the global economic crisis, many crypto firms are facing several hurdles when operating their business. Recently, Kraken, one of the largest cryptocurrency swaps in the world, has announced that it will be stopping its US crypto-staking business and compensating the US Commodity Futures Trading…
Polygon Labs, a leader in the volatile cryptocurrency industry, has caused shock waves by announcing that it will be cutting 20% of its staff. This move is indicative of a larger trend across major players like Spotify, Google’s parent company, and Amazon, who are similarly pruning their teams to stay stable in this turbulent economic…
It’s been a remarkable year for Bitcoin (BTC) and the crypto market, with BTC surging more than 40% since January 2023. At the time of writing, the world’s largest cryptocurrency is trading at $22,789, making its total market capitalization an awe-inspiring $439. billion. This impressive rally has shown no signs of abating – inspiring many…
With the rise of digital currency, many countries have been drawn to this new form of money and Indonesia is the latest addition to the countries that are embracing digital currency. The nation’s move provides an opportunity for them to monetize their initiative while also expanding the scope of financial technology. However, before starting its…
CoinEx, one of the biggest cryptocurrency exchanges, has found itself in hot water as New York Attorney General Letitia James takes it to court. The 38-page petition represented by James indicts CoinEx of failing to register as a securities and commodities broker-dealer in the state. She further stated that the exchange has hooked in repeated…
The FTX scandal and its ex-CEO has been making headlines since last year when allegations of fraud arose. The media continues to follow the case and new revelations have once again sparked a flurry of activity on the internet. This time, however, the news is positive; bringing hope amidst a tumultuous period as Sam Bankman-Fried…
Today, digital currency is becoming more and more prevalent in financial transactions. As a result, the risks associated with investing in such volatile currencies must be vigilantly scrutinized by financial institutions to avoid any potential catastrophic. However, it seems that the EU regulatory body has started understanding this issue as the regulatory recently unveiled stringent…
The Seven Sins of Sinso First sin: Lack of return on investment As a member of the Sinso community, I participated in the second stage of the SSC test network of Sinso and the third stage of the Amstar test network. The total token output of the 2000 nodes was about 2000, and the total…
On this joyous occasion of the Spring Festival, China is allocating a generous sum of $26 million in Central Bank Digital Currency (CBDC) to its citizens. This munificent gesture reflects their commitment to financial inclusion and technological progress. The government’s digital Yuan activities have seen a massive uptake in multiple cities, with the total value…
With the growing concerns about data security, the need for CBDCs also increases as it could be the linchpin to create trust in the digital space – something which has eluded us since our transition into the digital era. Taking this into the consideration The Bank of England and HM Treasury have recently unveiled a…
