Silvergate, a cryptocurrency-focused bank, has reported a net loss of $1 billion for shareholders for the quarter ending December 31, 2022. In a report filed with the United States Securities and Exchange Commission (SEC), the bank acknowledged significant deposit...
The Securities and Exchange Commission (SEC) of Thailand has introduced new regulations for cryptocurrency custody services in an effort to better protect investors. The Thai SEC published regulations on January 17 requiring virtual asset service providers (VASP) to set...
Binance, one of the leading cryptocurrency exchanges in the world, recently announced that it had conducted its 22nd BNB token burn. This event marks the first quarterly burn of 2023 and is a significant milestone for the company. According...
The World Economic Forum (WEF) recently predicted that the metaverse would be adopted first in industrial settings before being embraced by consumers. This prediction was made in a recent article published by the WEF. According to the organization, the...
Japanese financial regulators have called on global regulators to regulate cryptocurrencies in the same way that they regulate banking, advocating for a robust and harmonized regulatory framework within the industry. Mamoru Yanase, the Deputy Director-General of the Strategy Development...
Following the endorsement of eurozone finance ministers for further preparatory work on the proposed digital euro, Andrew Bailey, Governor of the Bank of England (BoE), has raised doubts about the necessity of a digital pound. Governor Bailey questioned the...
Binance is working to improve its institutional trading services by offering cold custody options in response to the growing security challenges faced by centralized cryptocurrency exchanges (CEX). Binance announced the official launch of Binance Mirror, an off-exchange settlement service...
Five associations have joined forces to shape the future of digital currency in the UK through improved policies, practices, and regulations. These associations, the City of London Corporation, the Digital Pound Foundation, the Payments Association, TheCityUK, and UK Finance,...
In a recent blog post, the Shiba Inu team teased the launch of Shibarium, stating that a beta version is nearing release. The post, published on the official Shibarium website, asked for patience from the community. The Shiba Inu...
The South Korean Supreme Court has made a decision in a long-running case involving a service outage at Bithumb, the country's largest cryptocurrency exchange. The incident resulted in financial losses for a group of investors who had placed their...
