Key Takeaways: Nubank, a Brazilian fintech startup, has signed an agreement to begin trading cryptocurrency with Paxos, a crypto corporation. Nubank announced Wednesday that users would be able to purchase and sell bitcoin (BTC) and ether (ETH) on its platform.…
Key takeaways: The Financial Accounting Standard Board (FASB) unanimously approved a project to review the accounting for digital assets and commodities traded on exchanges. The Board will consider adding an exchange-traded digital assets and commodities initiative to its technical agenda.…
Key Takeaways Fear among Korean crypto investors has reached a fever pitch after Terra’s flagship stablecoin UST began dropping its intended $1 peg on Monday, in what many see as a “preface” to the currently underway breakdown of its sister…
Key Takeaways Despite the present market conditions, MicroStrategy CEO Michael Saylor stated today that the company is not under any immediate pressure to sell its Bitcoin (BTC) holdings. To receive a margin call to replace its leveraged position, the company…
Key Takeaways KuCoin, a cryptocurrency exchange, has raised a $150 million pre-Series B round at a valuation of $10 billion. Through investment arms such as KuCoin Labs and KuCoin Ventures, the new capital will enable KuCoin to move beyond centralized…
Key Takeaways The Argentine Republic’s Central Bank (BCRA) has prohibited financial institutions from providing unregulated digital asset services. The measure practically amounts to a blanket prohibition on crypto transactions within the formal economy because no crypto assets are regulated in…
Key Takeaways The Commodity Futures Trading Commission reported today that the United States District Court for the Southern District of New York has entered consent orders against Arthur Hayes, Benjamin Delo, and Samuel Reed, three co-founders of the BitMEX cryptocurrency…
Key Takeaways The Swiss financial regulator FINMA has granted Dukascopy Bank authorization to provide its customers with crypto currency exchange and fiduciary deposits in crypto currencies, permitting investment and custody of crypto currencies on behalf of clients. When it comes…
Key takeaways: TRON, a well-known open-source blockchain system, has successfully launched its USDD algorithm stable coin. This news was shared today in a tweet from the official USSD account. The TRON DAO reserve website reports that the $103.64 million USDD…
Key Takeaways: According to a file issued on Thursday, Binance is one of a dozen outside investors backing Elon Musk’s $44 billion buyout of Twitter. Binance pledged $500 million in an amended 13-D filed with the Securities and Exchange Commission.…
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