WEF publishes crypto asset regulation recommendations for government, industry
Just a moment...
Bankrupt Lending Platform Celsius Agrees To Purchase Bid By Fahrenheit
Bankrupt lending platform Celsius Network LLC has announced that it has selected a proposal by Fahrenheit as the winning bid to lead the company out of bankruptcy, according to reporting by Reuters.Celsius, which filed for Chapter 11 protection in July, sought a buyer to manage its cryptocurrency lending and bitcoin mining businesses. The chosen consortium,…
Alameda-Backed ‘Samcoins’ CEO Alex Grebnev Sued by CoinTelegraph Owner Gregory Fishman
Alex Grebnev, CEO of the Maps.me (MAPs) and Oxygen (OXY) cryptocurrency projects closely linked to Sam Bankman-Fried’s failed FTX empire, is being sued by Gregory Fishman, reportedly an owner of crypto news site CoinTelegraph on allegations of fund misappropriation.The little-noticed case, Fishman v. Grebnev, was first filed with the commercial division of London’s High Court…
Brazil’s Central Bank Selects 14 Participants for CBDC Pilot
The Central Bank of Brazil selected 14 selected institutions to participate in the pilot of the digital real, the country’s central bank digital currency (CBDC).Published Wednesday, the list includes major local private banks such as Bradesco, Nubank, and Itaú Unibanco, as well as the largest public Brazilian bank, Banco do Brasil, and the local stock…
Nvidia’s Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look
Nvidia (NVDA) gave an extremely rosy financial forecast as the chipmaker benefits from surging demand for hardware to power the artificial intelligence (AI) revolution ushered in by the likes of ChatGPT. It was the talk of Wall Street on Thursday as Nvidia's stock price soared.For bitcoin (BTC) miners, it's a reminder that they already have…
Is It Too Late to Buy Bitcoin? 5 Best Altcoins That Could Explode Instead
Bitcoin is around 60% since the turn of the year, and while that doesn’t necessarily signal the end of the crypto winter, it’s a sign that investors who have been holding off on the world’s largest cryptocurrency may have missed their chance to buy in while it was undervalued. However, there are still plenty of…
A Stablecoin Bank Run Could Pose “Systemic Risk” to the Financial System: EU Watchdog
The European Systemic Risk Board (ESRB) published a report on Thursday outlining the top 3 nightmare scenarios in which a crypto industry crisis could bleed in and pose “systemic risk” to the broader financial system. The top risk listed is a potential run on a “large reserve-backed stablecoin,” such as Tether (USDT) or USD Coin…