Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins. It’s the final month of the year and analysts are out with their projections for the next year. In a note to investors, Standard Chartered suggested that...Continue Reading

The term describing an internet-enabled virtual world lost to ‘Goblin mode’ in 2022 — “a type of behavior which is unapologetically self-indulgent, lazy, slovenly, or greedy.” The Oxford University Press team chose ‘metaverse’ to come in as a runner-up to ‘Goblin mode’ for the word of the year in 2022. In a Dec. 4 announcement,...Continue Reading

“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo. Bank of Indonesia governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec. 5 speech at the central...Continue Reading

Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda. Blockchain-based institutional capital marketplace Maple Finance announced on Dec 5 that it plans to cut all ties with Orthogonal Trading due to alleged misrepresentation of finances following the collapse...Continue Reading

Tornado Cash contributes to our national security interests more than it undermines them. One of the most powerful moments in a new crypto user’s journey happens the first time they send a sizable amount of money to their private wallet. It’s an awe-inspiring, serious moment — and it’s a little scary to experience the power...Continue Reading

Buterin was specifically bullish on the rise of decentralized blockchain identities to enhance user privacy. In a blog post dated Dec. 5, Ethereum (ETH) co-founder Vitalik Buterin wrote that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and hybrid applications were the top developments he was excited about in the Ethereum ecosystem. Buterin...Continue Reading

The revision seeks to remove nonfungible tokens from Malta’s Virtual Financial Assets Framework. The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework.  Under the current regulatory framework, NFTs are included within the scope of the Virtual Financial Assets Act,...Continue Reading

Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout. What are the pros and cons of accepting Bitcoin payments? Accepting Bitcoin payments is advantageous due to lower fees than credit and debit cards, expansion of customer base and real-time bank balances. However, risks like volatility...Continue Reading

The deal previously valued Circle at $4.5 billion in July 2021 before an upwards revision to $9 billion in February 2022. According to a new press release published on Dec. 5, USD Coin (USDC) issuer Circle announced the mutual termination of its proposed merger with special purpose acquisition company, or SPAC, Concord Acquisition. The deal was...Continue Reading

The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets. As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike.  It is soon to be decided...Continue Reading