Ripple Predicts that 76% of the World’s Financial Institutions Will be Using Crypto by 2025
According to recent research from payments company Ripple, important financial sector actors are contemplating central bank digital currency (CBDC)....
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Defiance Capital Clarifies its Relationship With Troubled Three Arrows Capital
DeFiance Capital, a cryptocurrency venture capital firm, issued a formal statement on Twitter to clarify its association with the struggling Three Arrows Capital (3AC)....
Celsius Accumulates a Debt of US$4,720 Million with its Users
Troubled crypto lending platform Celsius has accumulated a total debt of US4,720 million with its users, according to a 61-page document made public in support...
OpenSea Cuts off 20% of its Staff Due to the NFT’s Decline
by Jai Hamid
On Thursday, the non fungible token (NFT) marketplace OpenSea announced huge layoffs, following other crypto firms in cutting employment at one of the most tumultuous...
The New York Yankees and NYDIG Partnered to Provide Employees With Bitcoin Profits
Several top businesses in a variety of industries have started to provide a Bitcoin Savings Plan (BSP) benefit to draw in and keep the top...
Celsius Network Files For Chapter 11 Bankruptcy
by Jai Hamid
Just one month after freezing client assets as a result of severe market volatility that has caused some companies to lose their business models, Celsius...
According to a KuCoin Study, 14% of Saudi Residents are Crypto-Investors
by Jai Hamid
Saudi Arabians are becoming more interested in and adoptive of cryptocurrencies, according to a recent KuCoin survey. It revealed that 76% of crypto investors in the...
Matic Up 17% Following Announcement of Polygon’s Participation in 2022 Disney Accelerator
The native token of the Polygon ecosystem Matic rose by up to 17 percent after the renowned Walt Disney Company invited the Polygon Network (MATIC)...
California Launches An Investigation Into Crypto Companies
by Jai Hamid
Investors have been urged by the California Department of Financial Protection and Innovation (DFPI) to exercise great care while dealing with interest-bearing cryptocurrency asset accounts,...
Judge Denies SEC Attorney-Client Privilege Claims Against Ripple
by Jai Hamid
Despite the SEC’s best efforts, a U.S. court has ruled that Ripple’s internal records relating to the Hinman speech are not protected by the attorney-client...