Crypto use more common among the underbanked, says FDIC report

Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade.Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining: “You have…

Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services. 114 Total views 2 Total shares Own this piece of history Collect this article as an NFTWeb3 app developer Kresus has closed a $25 million funding round to support the development of its so-called SuperApp, potentially opening…

He claims to have spent millions of his own money, only to be tossed out of the company he co-founded. 446 Total views 9 Total shares Jakov Dolic, co-founder of the U.S.-based Bitcoin (BTC) mining company Layer1, has filed a lawsuit against his former business partner, Alexander Liegl.According to court documents filed on October 30,…

The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto. 2500 Total views 16 Total shares Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, and the bank’s position on digital assets is looking slightly more bullish.According…

The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker. 178 Total views 6 Total shares A bipartisan group of United States lawmakers has introduced legislation to change the tax reporting requirements that will go into effect due to the recently signed infrastructure bill.House Representatives Patrick…

Sahara AI’s funding round was led by Pantera Capital, Binance Labs and Polychain Capital, with participation from Samsung and Matrix Partners, among other investors.

Paris Blockchain Week celebrated its fourth edition in spring 2023 against a backdrop of riots, protests and general civil malaise. The builders in the Bitcoin (BTC), crypto, and Web3 spaces were unfazed by protesters chanting and dancing on the doorstep of the conference venue. The event took place against the backdrop of ongoing protests in Paris…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.2023 started on a bullish note for the entire crypto market, including the DeFi ecosystem, with most of the tokens posting double-digit gains in January and recording multi-month highs. Aside…

The total crypto market capitalization fell off a cliff between June 10 and 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and Ether (ETH) faced an agonizing 34.5% correction.Total crypto market cap, USD billion. Source: TradingViewPresently, the total crypto capitalization is…