This represents a massive surge since the last update in June when the company said that $300 million were transacted in the first three years after the launch of JPMorgan Coin. Takis Georgakopoulos, global head of payments at JPMorgan, has revealed that the company processes over $1 billion in daily transactions through its digital asset, JPMorgan...Continue Reading

BTC market dominance hovered around 80% during the 2017 bull market but slumped to the 50%–60% range during the 2021 bull market, at times even dipping below 50%. Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for...Continue Reading

MoonPay has announced a partnership with Mastercard, targeting Web3-based experiential marketing or new ways to connect with Mastercard’s consumers. Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve...Continue Reading

John Deaton says there has not been “a single serious conversation” about a potential settlement between Ripple, Brad Garlinghouse, Chris Larsen and the SEC. Pro-Ripple lawyer John Deaton said he expects a lengthy legal process in the United States Securities Exchange Commission (SEC) vs. Ripple case — possibly lasting a year. Deaton suggested that a settlement may only...Continue Reading

SBF taking the stand in his criminal trial is “a very bad move” as the FTX co-founder will be “skinned alive” by prosecutors, says Anthony Scaramucci. Sam Bankman-Fried will be no match for government prosecutors who will poke holes in his defense when he takes the stand in his criminal trial, says SkyBridge Capital founder...Continue Reading

Google’s parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout. More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to...Continue Reading

Bankrupt crypto exchange FTX wants to look into millions it had given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war. Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to...Continue Reading

The prop trader believes that while Bitcoin has already bottomed, traders should brace themselves for a volatile fight to the next new all-time high. Bitcoin (BTC) may reach new all-time highs by the end of next year, but crypto investors should brace themselves for a “chopfest” in the meantime, according to veteran trader and analyst...Continue Reading

Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too. Crypto-promoting firms have breached the United Kingdom’s new crypto marketing rules at least 221 times since coming into force in early October, says the country’s financial regulator. In an...Continue Reading

Elliptic’s statement was framed as a rebuttal to recent articles and letters circulating among the media and U.S. lawmakers this month. Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel. “There is no evidence to support the assertion that Hamas...Continue Reading