CFTC chair’s exit, Russia’s Bitcoin seizure, Kenya’s IMF warning: Law Decoded
Rostin Behnam exits the US CFTC and calls for stronger regulation, Russia confiscates $10 million in Bitcoin and the IMF advises Kenya on crypto regulations.
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Money Managers Are Paying Big Bucks to Interpret Your Bitcoin Tweets
Algorithms that can decode market sentiment are making waves in the institutional crypto landscape, a July 17 report from Reuters claims. An Arms Race for AlgorithmsWith the resounding return of Bitcoin’s (BTC) volatility amid an ever-hotter crypto market, hedge funds and asset managers are increasingly turning to software developers to help them interpret and harness sentiment…

Toncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’
Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever. Telegram CEO buys $200K of

Fear, politics and the dollar: 5 things to watch in Bitcoin this week
Bitcoin (BTC) continues to test $10,000 support after a weekend in which it consolidated after a major drop — what next?Cointelegraph takes a look at the major factors set to influence BTC price action in the coming week. Keiser: U.S. currency index needs to drop below 80The end of last week saw big changes for BTC/USD,…

Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips
Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22.SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining Chip…

Galaxy Digital terminates BitGo acquisition, citing breach of contract
After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States. 350 Total views 6 Total shares After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital…

How Can Blockchain Disrupt Cross-Border Payments?
Blockchain technology can bring about major changes for cross-border payments, says Ripple’s former chief market strategist. 866 Total views 26 Total shares Ripple’s former chief market strategist, Cory Johnson, says that cross-border payments are where blockchain technology can bring the most change.Johnson claims that speculation around cryptocurrency has slowed down the adoption of blockchain technology…

South Korean Messaging Giant Kakao, Irish Startup Partner for Blockchain Payment Methods
Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and an Ireland-based ticketing startup have signed a partnership agreement to develop a blockchain-based payment system. Irish business news outlet Fora reported on the partnership on March 23.The new partnership agreement will focus on applying the former's blockchain platform…

MetLife Subsidiary LumenLab Pilots Blockchain Insurance System for Diabetes
Singapore-based digital innovation center Lumenlab is testing a blockchain-enabled insurance solution for diabetes sufferers, according to a press release published August 20. Lumenlab is a subsidiary of financial services provider MetLife and has reportedly developed the new project within the Monetary Authority of Singapore’s (MAS) regulatory sandbox. The pilot, dubbed Vitana, is a parametric, automated…