The data on creating stablecoins indicates a decrease in the conversion of traditional money (fiat) to cryptocurrencies, which may be due to the more aggressive stance taken by the Federal Reserve affecting market transactions, as warned by Matrixport. According to Matrixport, a digital asset company based in Singapore, it’s expected that the price of Bitcoin … Read more
The Commodity Futures Trading Commission (CFTC) is currently deliberating if they should conduct a 90-day assessment on Crypto.com’s sports betting futures contracts, which allow individuals to wager on the winners of significant football matches like the Super Bowl. Based on a Bloomberg article published on January 14th, it’s been suggested that a five-member federal committee … Read more
The user base for cryptocurrencies has grown to approximately 300 million people, which is almost twice as fast as the internet and three times faster than the global smartphone market. What key elements could be driving this swift growth? A recent study by BlackRock reveals that it took only 12 years for cryptocurrency adoption to … Read more
Robinhood has reached a $45 million settlement with the U.S. Securities and Exchange Commission, following allegations that their brokerage operations broke several securities regulations. A recent SEC order, disclosed on January 13th, alleges that Robinhood Securities LLC and Robinhood Financial LLC breached more than ten provisions of securities laws, including lapses in reporting suspicious activities, … Read more
The Swiss cryptocurrency bank, Sygnum, has successfully secured approximately $60 million during its strategic growth phase, with the aim of expanding operations into additional regions. The digital asset bank, Sygnum based in Switzerland, managed to gather $58 million during its Strategic Growth funding round. This new investment propelled the bank’s worth beyond $1 billion, thereby … Read more