Abra announced its international venture and U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively. Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets. In a Monday announcement, Abra...Continue Reading

Nikhil Wahi and his brother Ishan were arrested and charged in July, while their associate Sameer Ramani remained at large at the time of publication. Nikhil Wahi, who was arrested for allegedly working with his brother and an associate on a scheme to commit insider trading using crypto, has reportedly entered a guilty plea for...Continue Reading

From ubiquitous surveillance to negative interest rates, crypto is giving dictators and global corporate leaders new ways to intimidate, oppress and subjugate humanity. Proponents paint Bitcoin (BTC) and other cryptocurrencies as antidotes to totalitarian governments and central banks. Simultaneously, international corporations and startups alike have designed blockchain platforms and products that could be used on...Continue Reading

The FOMC’s decision on Sept. 21 could cause traders to reduce their risk exposure, limiting the recent gains seen across the crypto market. The 13% gains in the six days leading to Sept. 12 brought the total crypto market capitalization closer to $1.1 trillion, but this was not enough to break the descending trend. As...Continue Reading

Last week regulators worried about the “de-integration” of financial sector and global energy consumption — all because of crypto. While last week brought no troubles from the market side of the crypto industry — no operations frozen, no bankruptcies filed — the United States regulators made some explicitly negative statements.  Recently appointed U.S. Federal Reserve...Continue Reading

Bitcoin and altcoins are heating up ahead of the long-awaited Ethereum Merge, but do bulls have enough strength to sustain the rally? The United States equities markets and the cryptocurrency markets have started the new week on a strong footing. This suggests that investors expect the Federal Reserve’s possible 75 basis point rate hike in...Continue Reading

“Filecoin is more than just storage, one can think of it as an Airbnb for cloud services.” In the beginning of 2021, Filecoin was a relatively unknown decentralized peer-to-peer storage service with a total network capacity barely making a dent in the digital storage space. Less than 2 years later, the Filecoin team claims the blockchain...Continue Reading

Web3 games and Metaverse projects have raised $748 million in funds last month. The GameFi sector remains a leading force in the blockchain and crypto space despite the ongoing downturn in the crypto market. Recent numbers from DappRadar revealed that Web3 games and Metaverse projects raised $748 million in funds last month. This was up...Continue Reading

The new offering fits in with the variety of crypto-based products the major derivatives marketplace has developed since launching its pioneering BTC futures contracts in 2017. Derivatives marketplace Chicago Mercantile Exchange Group (CME Group) announced the launch of options trading for its Ether (ETH) futures products Monday — the same week as the expected Ethereum...Continue Reading

“Effective after the close of business on October 3, 2022, the Fund’s shares will generally no longer be available for purchase,” said a Stone Ridge filing with the SEC. Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission...Continue Reading