New Hampshire, North Dakota introduce bills for Strategic Bitcoin Reserve
According to Satoshi Action Fund CEO Dennis Porter, the North Dakota BTC bill “already has 11 sponsors.”
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CME becomes second-largest Bitcoin futures exchange as open interest surges
The surge in CME Bitcoin futures OI has helped the regulated derivatives platform attain a 25% market share in Bitcoin futures. 127 Total views 1 Total shares The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the
Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’
The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14. CEO departs before SDX launchMartin Halblaub will step down after eight months into his job when his contract expires at the end of August following…
Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog
Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14.Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument.Specifically, the patent targets Merkle trees…
FTX lawsuits see crypto firms, influencers dial back endorsement deals
Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for their alleged role in its promotion. In March, a $1 billion class-action lawsuit was filed alleging that eight influencers promoted “FTX crypto fraud without disclosing compensation.”…
Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report
Investors pointed to Musk’s portrayal of "a fictitious financial expert" during a Saturday Night Live appearance, referring to Dogecoin as “a hustle,” as a reference point in the lawsuit. Own this piece of history Collect this article as an NFTElon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion…
South Korea’s Largest Bank Launch a Crypto Custodial Service
Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future.According to a report from local news outlet Digital Today on March 27, the bank filed a trademark application for KBDAC, referring to a proposed Digital Asset Custody subsidiary, at the end of January, 2020.KBDAC trademark application…
JPMorgan Chase to Add New Features to Blockchain-Powered Network for Global Banks
JPMorgan Chase (JPM) is expanding the use of its blockchain technology to help reduce the number of global payments rejected by errors, the Financial Times reported on April 21.The United States financial giant is adding new features to its Interbank Information Network (IIN,) which is now used by more than 220 banks around the world.…
Goldman Sachs is hooking up clients with Galaxy Digital’s ETH fund
Goldman and Galaxy Digital are partnering up again to help the former’s clients gain more access to the crypto industry that the latter offers in spades. 393 Total views 21 Total shares Financial services giant Goldman Sachs has been offering clients exposure to ETH through Galaxy Digital’s Ethereum Fund according to a new Securities and…