Ripple has announced its acquisition of Metaco, a digital asset custody and tokenization technology provider. This strategic move by Ripple is aimed at establishing a competitive position in the rapidly expanding institutional cryptocurrency custody market, which experts predict...
The U.S. Department of Justice (DOJ) has charged a Russian national named Mikhail Pavlovich Matveev for his involvement in cyber-attacks targeting American infrastructure. Matveev, known by various aliases such as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, is linked to...
Scott Shay, the former chairman of Signature Bank, faced criticism from US lawmakers for attributing his company's failure to cryptocurrency despite reportedly receiving substantial bonuses and stock options. On May 16, 2023, Shay testified before the Senate Banking...
According to research conducted by the Global Financial Markets Association (GFMA), incorporating distributed ledger technology (DLT) in traditional financial markets has the potential to deliver annual savings of up to $100 billion. Released on May 16, 2023, the...
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...
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...
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...
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...
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 US Department of Justice (DOJ) is stepping up efforts to combat illegal cryptocurrency activities by targeting hackers and exploiters of decentralized finance (DeFi) platforms. In response to a surge in such activities over the past four years,...
