Crypto Is the Solution to Bank Runs, Not the Cause
Many current issues and regulations involve transparency, or lack thereof. One of the purposes of registering with the state, Fed and SEC is to make the books public and visible to us all, so we can feel comfortable making risk-based decisions. However, that transparency is usually quarterly, not up to the second.
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Crypto Exchange QuadrigaCX Awaits Ruling on $22 Million in Frozen Funds
Canada-based crypto exchange QuadrigaCX is waiting on a verdict in a long-running legal case against the Canadian Imperial Bank of Commerce (CIBC). At the heart of the dispute is CA$28 million, or about $21.6 million in U.S. dollars. The case began in January 2018, when the CIBC froze multiple accounts opened by QuadrigaCX's payment processor, claiming…
The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution
news One company thinks it knows how to get a bitcoin exchange-traded fund (ETF) approved by U.S. regulators. Wilshire Phoenix, a relatively young financial firm in New York, filed to launch the United States Bitcoin & Treasury Investment Trust ETF in May with NYSE Arca. At that point, a dozen bitcoin ETF proposals had already been…
Cryptocurrency Exchange Kraken Acquires TradeStation Crypto
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First Mover Americas: BTC Revisits $67K on Leverage Flush, APE Options Fly
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices 00:52 Ether ETFs Saw Biggest Outflows Since July 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April
Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report
Looking to advance its cryptocurrency ambitions, payments processor Stripe has finalized a deal to buy stablecoin platform Bridge for $1.1 billion, according to a Sunday X post from TechCrunch founder Michael Arrington. Bridge, which has raised $54 million in funding, was founded by Square and Coinbase alumni Zach Abrams and Sean Yu, and counts SpaceX
Twitter CEO Jack Dorsey Becomes Latest to Take Bitcoin’s ‘Lightning Torch’
news Bitcoin’s “lightning torch” saw none other than Twitter CEO Jack Dorsey snatch up the ongoing payment experiment and pass it on Tuesday. As CoinDesk reported today, users have been passing around a so-called “lightning torch” – a running game wherein each participant adds a little bitcoin to a payment, then passes it onto someone…
Web3 Payment Firm Crossmint Launches Wallet-as-a-Service to Expand NFT Use Cases
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Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Crypto Buzzword
Last week the International Monetary Fund (IMF) – a United Nations organization that effectively operates as a global lender of last resort – and the Bank for International Settlements (BIS) – a super-governmental central banking agency – published separate reports about the future of the monetary system. Both reports mentioned crypto and central bank digital…