India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial […]
FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi. The CEO of the exchange wants to stem the contagion affecting lenders and borrowers during […]
FTT holds steady at a $24 support level. FTX exchange to acquire BlockFi for $240 million. The Crypto sector faces bearish pressure amid macro-economic factors. As the cryptocurrency sector faces bearish pressure, FTT and other […]
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While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. […]
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto […]
Australian energy and resources company Black Mountain Energy has entered into a deal with a U.S. energy company to use gas from fracking to power Bitcoin servers. The initiative will harness the gas emitted from […]
The curtain will fall on Meta Platforms’s embattled stablecoin project after a brief run as a tool for money transfers. The social media platform announced that the Novi digital wallet pilot would end on Sept […]
Wonderland users have overwhelmingly voted to invest $25 million in tokens created by their former Chief Financial Office (CFO), 0xSifu. The vote which closed on Friday showed that 89.27% of respondents were in favor of […]
Key Takeaways KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital’s collapse. The firm’s CEO has denied the claims, saying that “everything on KuCoin is operating well.” The development […]
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