A $20 million funding round led by Mike Novogratz’s Galaxy Digital (GLXY) supports the drive to use blockchain behind the scenes to restructure the $6 trillion asset-backed financial market, where many transactions still rely on manual workflows. The round, which included Parafi Capital and Crane Ventures, was awarded to Fence, a startup software for managing […]
Startup Fence aims for backend of $6 trillion credit market Read More »
Even if calls for Bitcoin BTC$76,998.28 As prices rise, spot market participation cools, leaving the door open for erratic price action. Trading volume, the dollar value of BTC changing hands in a day, has recently fallen to less than $8 billion, according to Glassnode. This is the lowest since October 2023, when bitcoin cost less
Bitcoin (BTC) trading volume is declining rapidly. It Rarely Ends Smoothly: Crypto Daily Read More »
Oil prices continued to rise on Wednesday as disruption to Persian Gulf energy supplies persisted. The effects are being felt well beyond the region, with the average price of American gasoline having reached a record level since the start of the war in Iran. Rising energy costs are worrying investors, but stock markets have been
U.S. gas prices continue to rise as effects of war take hold Read More »
Bitcoin BTC$77,606.09 is trading around $77,700, up 1.8% since midnight UTC, after rebounding from $75,650, a price that had served as an upper barrier during last week’s rally. The rebound suggests a bullish shift, with $75,650 now serving as support – a level that could prove crucial if Bitcoin is to make another attempt at
Bitcoin (BTC) price holds key support as market eyes next move towards $80,000 Read More »
Hong Kong’s central bank has warned that counterfeit tokens are already exploiting the city’s new stablecoin regime, even before a single licensed product has been introduced. In a statement, the Hong Kong Monetary Authority (HKMA) said tokens using the tickers “HKDAP” and “HSBC” are circulating in the market, but have no connection to an authorized
Fake Hong Kong stablecoins start trading while real ones remain absent Read More »
The European arm of global cryptocurrency exchange KuCoin has hired anti-money laundering (AML) and compliance experts in a bid to appease its regulator, which recently demanded that the exchange cease operations in Europe due to staff shortages. KuCoin EU, which holds a Markets in Crypto Assets (MiCA) license from the Austrian FMA, has appointed Carmen
In the six weeks since Josh D’Amaro took over Disney, the setbacks have been almost incessant. OpenAI has abandoned its text-to-video conversion tool, Sora, canceling a billion-dollar deal with Disney. A major video game maker has faltered, clouding a partnership that Disney relies on for growth. “The Bachelorette,” on Disney-owned ABC, imploded amid a scandal
New Disney boss is being tested by Trump and his administration Read More »
Meta failed to implement necessary safeguards to block children under 13 from Instagram and Facebook, in violation of a European Union law on online safety, officials said Wednesday. Meta does not have an adequate system to identify and remove the accounts of children who flout the social media giant’s age limits, the European Commission, the
Meta accused of not stopping children from Instagram and Facebook in Europe Read More »
Bitcoin stable near $77,000 as Fed decision looms; Tensions in Hormuz persist
Bitcoin stable near $77,000 as Fed decision looms; Tensions in Hormuz persist Read More »
The arrival of Morgan Stanley in the American bitcoin spot BTC$77,042.98 The ETF party earlier this month was characterized by some observers as the catalyst that will end the current crypto bear market thanks to the massive distribution power of Wall Street’s $8 trillion advisory network. Not so fast, said Adam Back, CEO of Blockstream,
