Exclusive: Fireblocks granted New York charter for crypto custody

Optimism is flowing around Bitcoin price potential, but warnings also point to intense correlation with stocks. 944 Total views 13 Total shares Bitcoin (BTC) touched $24,000 at the July 20 Wall Street open as the good times kept rolling for crypto markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price rally "all macro driven"Data from Cointelegraph…

The legislation would oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers.” 311 Total views 22 Total shares The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas.…

Terra said it chose to denominate the Forex Reserve in Bitcoin because it considered the crypto asset "less correlated to the Terra ecosystem." 145 Total views 33 Total shares The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of…

Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances. Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance. Bitcoin/USD 1-day chart at FTX. Source: TradingViewThe…

Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis.On April 3, the U.S. Small Business Administration (SBA) launched a Paycheck Protection Program (PPP) as part of the federal government’s $2 trillion coronavirus relief package. The PPP aims to support small businesses…

Advisory firm Valley Capital Partners has invested $3 million into encryption platform-as-a-service StrongSalt.Per a Sept. 26 press release, StrongSalt raised $3 million from Valley Capital Partners in a seed round to further develop its encryption platform designed for developers and enterprises. The startup aims to build an encrypted ecosystem, allowing individuals to keep personal data…

Earlier this month, antivirus pioneer John McAfee was officially charged by the United States Department of Justice on seven counts of fraud and money laundering. These charges have been filed with respect to his activities in the crypto space from 2017 to 2020.It could be some time before McAfee actually has to face these charges…

In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance.BTC/USDT 15-minute price chart (Binance). Source: TradingView.comMost of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But altcoins like…

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw Axie Infinity’s Ronin bridge relaunch with a fully backed 1:1 Ether (ETH) nearly three months after the infamous $600 million hacks.MakerDAO…