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Bitcoin
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle…
Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts
Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the…
Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker
Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing our business in…
Investment Manager Expects SEC to Approve All Bitcoin ETF Applications in 3-6 Months
Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF)…
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of…
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research.…
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies…
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the…
Solana Upgrade Ushers in Era of Private Transactions
Solana has successfully implemented its 1.16 upgrade, introducing several new features, including improved runtime support for zero-knowledge proofs and enhancements for validators. However, the highlight of this upgrade is the…
Bitcoin Grapples with $28K Resistance, but ‘Uncorrelated Asset’ Allure Could Mean Higher Prices,…
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%.
Betting on Justice? Polymarket Odds Reveal Speculators’ Take on Bankman-Fried’s Trial
As the trial for Sam Bankman-Fried begins this week, the cryptocurrency community is eagerly awaiting the verdict. Will Bankman-Fried be found guilty or not guilty? As the trial progresses, speculators are using the cryptocurrency…
Thorswap Halts Operations Amidst FTX Hacker’s Fund Movement; RUNE Drops 8.6%
The decentralized exchange (dex) Thorswap has paused operations after a series of funds stemming from the FTX hacker was sent to the dex protocol. Thorswap took to social media and said that the team “stands firmly against any and…