ASIC’s Internal Discussions on FTX’s Launch in Australia, Raising Concerns Around ROI Claims
ASIC Raises Concerns Over FTX's Australia Launch ASIC, Australia's markets regulator, has raised concerns over FTX's planned launch in Australia in March 2022. According to 56 documents published by ASIC, the regulator had flagged an article by the Australian Financial Review which claimed FTX would allow traders to buy crypto assets with margin loans up to 20 times their...
Binance & Mastercard Launch Prepaid Card in Brazil
Binance and Mastercard Join Forces to Launch Prepaid Card in Brazil Cryptocurrency exchange Binance and multinational financial services giant Mastercard have announced a partnership to launch a prepaid card in Brazil. This follows the successful launch of the Binance card in Argentina. The card is currently in beta testing and should be available to users in the coming weeks....
Fed Meeting: US Stocks, Treasuries & Bitcoin React
US Markets React to Fed Meeting As the Federal Reserve prepares to make a significant announcement, US stocks, treasuries and Bitcoin have seen a shift in expectations around inflation data. With a hawkish drift ahead of the Fed meeting and the economic outlook, investors are hoping for a decrease in interest rates cuts. Chinese markets opened higher but saw...
Aave V3 Upgrade: Mitigating User Risk & Improving Capital Efficiency with Liquid Staking Derivatives
Aave V3 Upgrade: Enhancing User Security and Capital Efficiency Aave, a decentralized lending and borrowing protocol, has successfully deployed its third version on the Ethereum network. The upgrade, which was unanimously approved by the Aave governance, is aimed at mitigating user risk and improving capital efficiency. The new version, Aave V3, introduces High Efficiency Mode, which allows users to stake...
Genesis Digital Currency Brokerage Files for Bankruptcy
Digital Currency Brokerage Genesis Files for Chapter 11 Bankruptcy Digital currency brokerage Genesis announced late Thursday that it has filed for Chapter 11 bankruptcy. Interim CEO Derar Islim said in a statement that the filing was the best way to “preserve assets and create the best possible outcome for all Genesis stakeholders.” Liquidity and Creditors Genesis has more than $150 million...
Optimism Ecosystem: On-Chain Data Shows Growing Transactional Activity and Investor Interest
Optimism Ecosystem Gaining Traction Among Crypto Traders and Investors Crypto traders and investors are increasingly turning to the Optimism ecosystem as a potential source of returns. Transactional activity on the scaling upstart has been steadily increasing, surpassing rival Arbitrum's activity, which has dropped by nearly 50% since its November peak. This activity is seen as a predictive indicator of...
Secure your crypto assets and take full control of your funds through self-custody solutions
Self-custody of cryptocurrency assets is quickly becoming a popular choice due to recent events such as the FTX exchange blow up. By using self-custody, users can store their funds in wallets that they solely control. This is beneficial as it helps protect users against third parties stealing their money. However, it is important to note that self-custody is not...
Crypto’s Green Streak Remain Unclipped: Bitcoin, Ethereum, and Other Top Coins Soar on Inflation News and Crypto-Specific Developments
This week saw a positive outlook for the crypto market, with Bitcoin (BTC) and Ethereum (ETH) both reaching new highs. The news of a slowdown in US inflation in December was seen as a sign that the Federal Reserve may soon slow its interest rate increases, which was welcomed by the markets. This positive sentiment has been reflected in...
Solana’s Stellar Rebound: From 94% Collapse to 58% Surge in 7 Days
Solana, a once-celebrated "Ethereum killer", has seen a remarkable rebound in 2023. After collapsing more than 80 percent in 2020, the price of SOL has more than doubled this month, rising to $23.70 in the last seven days. It briefly bumped Polygon MATIC out of the top ten cryptocurrencies by market cap, and its price is at its highest...
SEC Chairman Gary Gensler Warns US Soldiers: Stay Away from Cryptocurrencies!
Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), has issued a warning to the US Army about the risks associated with investing in digital assets. Gensler has been a vocal critic of the crypto industry for some time now, expressing his concerns about the lack of investor protection in the sector. He has also...
