Kraken restructures with new co-CEO, layoffs reported

The company that almost broke DeFi is asking for a new beginning.When the decentralized lending protocol bZx was hacked to the tune of some $1 million last month, some started questioning the future of decentralized finance, commonly referred to as DeFi. On March 9, bZx co-founder Kyle Kistner published a post on the company’s website titled…

The trial may lead up to the introduction of a CBDC in India before the end of this fiscal year, most likely in three steps; U.S.-based FIS had reportedly participated. 2621 Total views 41 Total shares The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run…

The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device. The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with

The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates Bitcoin to bottom out in the range of $25,000 to $27,000.On-chain data from Glassnode…

Inflows to crypto investment funds top $130 million, and 13F filings reveal new institutional investors’ spot BTC ETF positions.

Two Canadians of Indian origin were charged in the United States with a $233,220 Bitcoin (BTC) fraud using a fake HitBTC account on Twitter.Scammers posed as HitBTC customer service on TwitterKaranjit Singh Khatkar, 23, and Jagroop Singh Khatkar, 24, of Surrey, British Columbia, allegedly stole 23.2 Bitcoin from a woman in the U.S. state of…

Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the…

The world's largest exchange has played regulatory hopscotch, moving from different jurisdictions without central offices. 767 Total views 3 Total shares Britain's Financial Conduct Authority (FCA) released a supervisory notice on Wednesday, stating that prominent crypto exchange Binance is not capable of being effectively supervised and exposes users to financial risk.The FCA notice — originally dated…

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding." 2516 Total views 29 Total shares Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin.According to a…