FTX pencils deal to access $600M in Robinhood shares

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Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth, the state-run People’s Daily reported on June 11.The incentive is part of three measures designed to help the sector, and will enable companies to receive up to 600,000 yuan ($86,800) in relief on rent bills per year for three years.Traditional companies…

Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come.As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000.The highest weekly close since early May 2022 is the latest achievement for bulls, and so far, bid support has allowed the market

Cryptocurrency asset management company BlockFi announced a change to its interest rates in a monthly update on May 21.Accounts with bitcoin (BTC) balances over 25 BTC will receive a .15% increase in interest rate, and those with ether (ETH) balances between 25 and 75 ETH will decrease from 6.2% to 3.25%.According to BlockFi, the lending…

Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8.The move marks the finalization of an acquisition of assets in futures commission merchant Rosenthal Collins Group (RCG). “With today’s closing of our transaction with Rosenthal Collins Group, we welcome great…

Popular entrepreneur and NFT proponent Gary Vaynerchuck — also known as Gary Vee — has argued that oversupply, greed and subpar projects are the main reasons the NFT market fell so hard over the past year.On Dec.12, Vaynerchuck highlighted his latest blog post via Twitter which explores the NFT sector's current issues and where he…

El Salvador's Bitcoin Office touted the CUBO AI program as the only public education initiative that leverages top-tier industry experts. Cathie Wood, founder of the Ark Invest investment firm, will give the inaugural lecture for El Salvador's new Urban Centers for Welfare and Opportunities (CUBO) AI program, a public education initiative spearheaded by the government

The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden.”That’s the argument made by Marcus Treacher, Ripple’s senior vice president of customer success, in a CNBC interview published on Sept. 27.“Walled garden” strategies and the antitrust pushbackThe “walled garden” metaphor has notably been used in…

The Stand With Crypto political action committee claims that nearly nine in 10 Americans believe the financial system needs an overhaul.