The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively. Decentralized finance (DeFi) researcher DeFi Ignas has analyzed the report, highlighting the Treasury’s
Silvergate Capital recently settled with the SEC for $50 million, while also facing demands from Federal Reserve governors and California financial regulators for an additional $63 million in fines. The SEC’s claims against Silvergate Capital, its subsidiary Silvergate Bank, and two executives center around allegations of misleading investors regarding the strength of its BSA/AML compliance
The Bahamas is set to take a significant step towards accelerating the adoption of its central bank digital currency (CBDC) called the “Sand Dollar”. The country’s central bank governor, John Rolle, has announced plans to provide access to the CBDC through commercial banks in an effort to increase usage and acceptance. Governor Rolle outlined the
VanEck’s Head of Digital Assets Research, Matthew Sigel, recently acknowledged that the company’s Solana spot ETF proposal is banking on a potential victory by Donald Trump in the US presidential elections. The deadline for VanEck’s application is set for March 2025, which goes well beyond the timeframe of the November elections. Sigel’s confirmation of the
Circle, a prominent player in the cryptocurrency space, made headlines on July 1 by announcing that it had obtained an e-money license from France. This move positions Circle as the first global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The license, granted by France’s financial regulator ACPR, enables Circle to
Bitcoin (BTC) is currently at a critical juncture as it approaches the crucial resistance level of $64,515. The crypto asset has been on an upward trend, gaining momentum and confidence from investors. Breaking through this key resistance level could serve as a catalyst for a significant rally, potentially propelling BTC to new heights. Traders and
Sony Group, a well-known conglomerate in Japan, has recently announced its acquisition of Amber Japan, a move that will lead to the launch of a new crypto exchange. The exchange, previously known as WhaleFin, will now be renamed S.BLOX Co. Sony has indicated that along with the rebranding, there will be a redesign of the
Bitcoin, once the epitome of the cryptocurrency markets with its round-the-clock accessibility, is now facing a significant shift in its trading dynamics. The latest report by Kaiko sheds light on the dwindling weekend trading volumes of BTC, indicating a potential era dominated by institutional investors. Kaiko’s data unveils a stark contrast in Bitcoin trading activity
Aayush Jindal, a prominent figure in the financial markets, has an extensive background in Forex and cryptocurrency trading, boasting over 15 years of experience in these domains. His journey to success can be traced back to his early years, where he displayed a natural talent for decoding intricate systems and patterns. This innate curiosity and
Aayush Jindal, a prominent figure in the financial market landscape, has dedicated over 15 years to mastering the intricacies of Forex and cryptocurrency trading. With a natural flair for decoding complex systems and recognizing patterns from a young age, Aayush’s journey to becoming a respected advisor and market expert has been fueled by his insatiable
