People familiar with the matter have revealed that some of the executives at the bankrupt crypto lender Genesis Global Capital have received discounts on FTX’s native token, FTT, and serum (SRM), which was also launched with the help of the collapsed exchange and...
Alibaba Cloud, a leading global cloud computing corporation and a subsidiary of Alibaba Group, has revealed its intentions to establish a blockchain laboratory in Shibuya, Japan this April. According to an official announcement, the laboratory aims to strengthen game development for Japanese developers...
Nasdaq plans to capitalize on the demand for institutional service providers in the crypto market by launching its crypto custody service at the end of the second quarter in 2023. According to Ira Auerbach, the Senior Vice President and Head of Nasdaq Digital...
This week in crypto, Silicon Valley Bank’s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection, with Signature bank following in its footsteps. Despite these foreboding events, bitcoin (BTC) has rallied to its highest price since June 2022. Meanwhile,...
The United States Federal Reserve has announced that its own instant payment service will go live in July. Dubbed FedNow, the solution will enable instant payments on a 24/7 basis within the US. The Federal Reserve‘s financial services division has announced plans to...
Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According to Marco Santori, the Chief Legal Officer at Kraken, the launch is on track....
Crypto exchange Gate.io has announced its plans to launch in Hong Kong following the government’s cash injection of HKD 50 million ($6.4 million) into web3 under the city’s 2023-24 budget. On Feb. 22, Gate Group announced it would apply for a cryptocurrency license...
Huobi is taking steps to gain approval from Hong Kong regulators to operate in the city, and also establish a local subsidiary that will cater to institutional investors. Huobi looking to service Hong Kong customers In a tweet thread on Feb. 20, 2023,...
According to a statement issued by its five members group, the City of London has joined forces with some trade associations to create the UK Forum for Digital Currencies. This alliance will fight for better policies, practices, and regulations around digital currencies. The...