Day: 16 May 2023

The performance of the NFT market in the first quarter of 2023 was a mixed bag. According to a report released by the Balthazar NFT Marketplace, the market had an impressive start to the year, with Q1 being its strongest quarter since Q2 of 2022. The report was based on ...

The G7 Finance Ministers and Central Bank Governors convened in Niigata, Japan, on May 13, 2023, ahead of the G7 Summit in Hiroshima City, to discuss digital currencies and their potential impact on the global monetary and financial system. Representatives from esteemed organizations, including the International Monetary Fund (IMF), World ...

OpenAI CEO Sam Altman is scheduled to address the US Congress on Tuesday,  May 5, 2023 at hearing before the Judiciary Committee's sub-committee on Privacy, Technology, and the Law. He is expected to advocate for the consideration of mandatory licensing for companies involved in the development of powerful artificial intelligence ...

The Federal Reserve Bank of Chicago (FRBC) has published a comprehensive research report explaining the causes and driving forces behind the 2022 cryptocurrency crisis that sparked multiple bank runs and impacted the global financial markets.  According to the report, influential account holders, crypto whales on regulated exchanges, and institutional players ...

Creditors of the bankrupt cryptocurrency lending firm BlockFi filed fresh court documents on May 15, 2023, to protest the company's new restructuring plan. The creditors accused BlockFi of intentionally prolonging the legal proceedings for its benefit. BlockFi presented its Chapter 11 reorganization plan to the United States Bankruptcy Court in ...

During the recent hearing on prudential regulator oversight conducted by the U.S. House of Representatives Financial Services Committee, Martin Gruenberg, Chair of the Federal Deposit Insurance Company (FDIC), disclosed that inadequate management and a lack of liquidity as the primary factors behind the collapse of Signature Bank. Gruenberg specifically pointed ...

The Economic and Financial Affairs Council of the European Union granted final approval to the Markets in Crypto-Assets (MiCA) legislation on May 16, 2023, following unanimous support from the finance ministers of all 27 member states. In addition to the approval of MiCA, the European Council also approved two other ...

The United States Securities Exchange Commission (SEC) has responded to Coinbase's request for clear cryptocurrency regulations in a formal court filing. In the court documents filed on May 15, 2023, the SEC acknowledged that the rulemaking process could take several years and emphasized that enforcement actions would continue in the ...

Yield App has partnered with Volt, a leading global real-time payments gateway, to enhance customer convenience and provide a seamless experience for users when accessing a wide range of products.  The collaboration enables Yield App users to buy cryptocurrency directly from their bank accounts in real-time. The integration of both ...