Crypto

Under its ongoing VOLT initiative to strengthen the oversight of virtual currencies, the New York State Department of Financial Services (NYDFS) announced a set of guidelines for supporting cryptocurrency companies to draft policies for listing and delisting tokens. The department needs state-...

Ant Group, a Jack Ma-founded affiliate company of Chinese tech giant Alibaba (NASDAQ: BABA), is withdrawing its investment from crypto-focused A&T Capital. A&T Capital was formed in 2021 with the majority of backing, roughly $100 million, from Ant Group. The company’s focus was to...

Aptos, a Layer 1 protocol, is set to release 20 million Aptos (CRYPTO: APT) on Nov. 12, as per data from TokenUnlocks, thereby providing substantial liquidity. The APT is worth $103 million based on the token's current market price of $5.15. This accounts for more than 8.5% of Aptos'...

After Wednesday's news that HSBC reportedly partnered with crypto technology firm Fireblocks to expand into the digital space, another foreign banking giant is also showing interest in the crypto space. Deutsche Bank (NYSE: DB) is seeking to offer global crypto custody services...

Brave New Coin (BNC), a data and research company focused on the blockchain and cryptographic assets industry, disclosed its partnership with the decentralized oracle network Gora.io to power its smart contracts utilizing the latter's AI-ready complex computation. The goal of the...

Instant messaging service app Telegram is incorporating The Open Network- (TON) based self-custodial crypto wallet for its more than 800 million monthly active users. The wallet called TON Space will be available through Telegram settings starting November 2023. It will allow users to buy and sell...

Coinbase Global Inc (NASDAQ: COIN) is expanding its investment initiatives with Truflation, aiming to support Web3 and Blockchain technologies. Additionally, Coinbase is advocating for a standardized set of regulations at the upcoming G20 summit next year. About Truflation Selection Of...

Foraying deeper into the Web3 arena, Paypal (NASDAQ: PYPL) launched PayPal On and Off Ramps integration, a secure and structured payment solution. While Web3 businesses and merchants can expand their customer rooster, the process of purchasing and selling crypto in the U.S. will be made more...

Crypto exchange giant Binance (CRYPTO: BUSD) extended support for Terra Luna (LUNC) Classic’s latest upgrade for bringing major changes to the chain. The Terra Luna Classic community collectively approved the proposal — 99.85% “Yes” votes — for the v2.2.1 core...

‘Black Swan’ author Nassim Nicholas Taleb recently took to social media to slam artificial manipulation of market prices. What Happened: On Tuesday, Taleb released a tweet that criticized the artificial prop-up of market prices. Addressing Bitcoin (CRYPTO: BTC) people on,...

Former PayPal (NASDAQ: PYPL) President and current Lightspark CEO David Marcus emphasized that he is trying to turn Bitcoin (CRYPTO: BTC) into a global payment network. Marcus adds that there is high potential for the digital asset to be a “universal protocol for money on the internet....

Thailand’s Cyber Crime Investigation Bureau (CCIB) arrested five foreign nationals, four Chinese and one from Laos, for organizing a fraud cryptocurrency investment platform in the country that bilked more than 3,200 locals out of more than $27 million. The charges on the accused...

Seychelles-based cryptocurrency exchange, Huobi announced that it will list PayPal’s (NASDAQ: PYPL) newly launched stablecoin (PYUSD) on its platform by Sep. 7, 2023. The exchange said withdrawals will be enabled by Sep.12. The actual trading of PYUSD will commence once the deposit...

Fintech and Digital Assets are the next economic boom. According to a Global Market Insights report, Fintech as a Service (FaaS) industry is estimated to grow from a $260.7 billion market size in 2022 to $995.9 billion in 2032 (CAGR: 14%). The Crypto Asset Management Market is seen...

Cryptocurrency expert Jameson Lopp predicts that the benefits of Bitcoin (CRYPTO: BTC) will be perceived as obvious in the future, and the current adversities will be forgotten as the Crypto Wars of the 1990s. What Happened: On Tuesday, Lopp expressed his views via X, formerly Twitter, about the...