Bitcoin open interest nears $23B as analyst warns of BTC price euphoria

Traditional financial institutions like State Street and BNY Mellon continue to get involved in the fast evolving cryptocurrency space. 228 Total views 1 Total shares Bank of New York Mellon is joining a new cryptocurrency initiative by offering its custody support to a new crypto exchange backed by the American bank State Street.According to a…

As the various stakeholders in the European Union continue to research the potential of a single central bank digital currency (CBDC), representatives of both private and public banking institutions share their opinion on the digital euro.In a new issue of the biannual Views magazine published in April, the topic of the digital euro received a heavy…

Both the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January. 349 Total views 11 Total shares Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms.According to…

Plaintiff alleges “deceptive ad campaign” cost Coinbase users millions of dollars. 1245 Total views 2 Total shares A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign.In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE)…

Venture capitalists have favoured ICOs in recent years, but Bitcoin-related startups are seeing renewed interest from investors. Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years.Blockstream CEO Adam Back highlighted the juxtaposition between…

China’s first Bitcoin (BTC) exchange BTCC, formerly known as BTC China, is set to launch trading services in South Korea, Korean business outlet The Investor reported yesterday, October 16.BTCC, which presently has headquarters in Hong Kong, will reportedly start beta services for trading in South Korea later this month and make its official debut in…

Following a third reading in the House of Lords, the Economic Crime and Corporate Transparency Bill will return to lawmakers to consider changes before being signed into law. Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for…

AMC Theatre CEO Adam Aron disclosed that the iOS and Android mobile apps accept crypto payments via integration with BitPay, a bitcoin payment service provider. 427 Total views 54 Total shares AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as…