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Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
5.1.2023
The crypto-focussed bank is writing off its acquisition of Diem's assets
US Regulators and the Fed Jointly Issue Crypto Warnings
5.1.2023
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...
Digital assets inflows reached $433M in 2022: Report
4.1.2023
Bitcoin and multi-asset investment products saw inflows amounting to $287 million and $209 million last year, according to a report from Coinshares
Federal Bank agencies alert Banks & issue crypto-asset risk highlights
4.1.2023
Through an official joint statement, the Federal bank regulatory agencies happened to have cautioned the banking institutions against the key areas involving high-risk factors where the crypto assets are concerned. The entire focus has been on the baking institutions actively involved in crypto...
US federal agencies release joint statement on crypto asset risks and safe practices
3.1.2023
The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks
‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’
3.1.2023
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s 2023 Economic Predictions...
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
2.1.2023
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...
Crypto Asset Manager Valkyrie Investments Wants to Sponsor, Manage Grayscale Bitcoin Trust
30.12.2022
GBTC, the world’s largest bitcoin fund, has been trading at near a record discount relative to the price of bitcoin
‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ
30.12.2022
At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of...
Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023
30.12.2022
According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargo’s head...
First Mover Asia: 3 Crypto Predictions for 2023 From Digital Asset Manager 3iQ's Research Head
30.12.2022
Mark Connors sees a rebound in digital prices by the third quarter and companies increasing their involvement in developing regulation. ALSO: Bitcoin would just assume forget acquaintances auld and new to 2022
China to Launch ‘Digital Asset Trading Platform,’ Media Report Unveils
29.12.2022
A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such...
Bitcoin price would surge past $600K if 'hardest asset' matches gold
29.12.2022
The coming decade could be Bitcoin's time to copy gold's 1970s breakouts, says Capriole Investments
Bitcoin price would surge past $600K if ‘hardest asset’ matches gold
29.12.2022
The coming decade could be Bitcoin’s time to copy gold’s 1970s breakouts, says Capriole Investments
Microstrategy Buys More Bitcoin — Company’s Crypto Holdings Grow to 132,500 BTC
29.12.2022
Microstrategy is now holding approximately 132,500 bitcoin following its most recent purchases. This year, the world’s largest cryptocurrency has emerged as “the institutional-grade digital asset,” said Microstrategy founder Michael Saylor. Microstrategy Acquires More Bitcoin...
China to Launch First National ‘Digital Asset’ Marketplace
28.12.2022
While trading digital collectibles has been popular amongst Chinese collectors through heavily regulated marketplaces, this is the country’s first official foray into NFTs
The Next Wave of Institutional Digital Asset Adoption
28.12.2022
Once you build decentralized access control, the decentralized world of Web3 and the traditional world of finance can finally be brought together
Russia's largest bank issued gold-backed digital financial assets
27.12.2022
The issuance became the second major operations of the bank with the new class of assets
4 ‘emerging narratives’ in crypto to watch for: Trading firm
26.12.2022
The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with "real world utility" gain traction