Analysts mirror the development of the market in 2023 in line with the current status and future landmark activities. The SEC v Ripple case, stablecoin, DeFi regulations, and demystification of the FTX saga, among others, are pivotal in swinging the pendulum. Network upgrades on Ethereum, Solana and other blockchains rolled out this year will also […]
Metaverse Could Possibly Bring in $5 Trillion by 2030 as per Mckinsey
The report emphasized the need for four technological enablers for the Metaverse. The metaverse may host more than half of all live events. While enthusiasm for new crypto sub-ecosystems like NFTs was dampened by the 2022 bear market. The Metaverse is still set up for long-term upheaval. McKinsey & Company estimates that the metaverse might […]
CAKE enthusiasts can look for these signs to maximize gains on their investments
Santiment analyst Clementllk opined that CAKE’s price was approaching a good buying opportunity. An assessment of the altcoin on a daily chart revealed growing accumulation. In a 7 January report by Santiment, pseudonymous analyst Clementllk, in an assessment of PancakeSwap’s CAKE token, revealed that the altcoin reached a technical price pattern. This pattern historically indicated […]
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly […]
Ripple’s “Win” In XRP Lawsuit Against SEC Proves Pivotal — What To Expect From The Market This Year
Analysts mirror the development of the market in 2023 in line with the current status and future landmark activities. The SEC v Ripple case, stablecoin, DeFi regulations, and demystification of the FTX saga, among others, are pivotal in swinging the pendulum. Network upgrades on Ethereum, Solana and other blockchains rolled out this year will also […]
New Deadline For Repayments Registration Revealed For Mt. Gox Creditors
Payments will now begin on March 10th, two months later than originally planned. Mark Karpeles announced the deadline extension in a Telegram chat message. The first payback instalment from Mt. Gox has been postponed by two months, from July 31 to September 30 per a notice from the creditors. Payments will now begin on March […]
US Feds Launch FTX Task Force To Trace and Recover Stolen Investor Funds
The Manhattan US Attorney’s Office has created a task force to recover losses linked to the collapse of FTX. The move comes as embattled FTX co-founder and CEO pleaded not guilty to several counts of fraud. Analysts laud the creation of the task force and call for a renewed push against activities of bad actors […]
Barry Silbert’s DCG is reportedly being investigated by US SEC and New York authorities
Following the decision of the Digital Currency Group (DCG) to shut down its wealth management unit, United States authorities are now reportedly investigating the company’s internal financial transfers.
Indian Music Legend AR Rahman Launches Metaverse Platform
Rahman shared the clip across his various social media platforms with a witty remark. The famous artist is opening doors for other musicians just starting out. AR Rahman, a world-famous musician and music director, turned 56 on Friday. On the occasion of his birthday party, Oscar-winning composer AR Rahman announced the release of his metaverse […]
Singapore Takes Big Measures to Protect Crypto Holders
When it comes to risky assets like crypto, Singapore banks are no longer required to hold 1:1 in collateral, but rather 1.25:1. What this means is that for every $1 in cryptocurrency, a financial institution needs to hold $1.25 in regular cash. This is designed to ensure there are enough reserves in place to cover […]