SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
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Crypto Transaction Tracking Service Whale Alert Announces Version 2
Whale Alert, a service dedicated to tracking major cryptocurrency transactions, has announced a second version of its platform in development.Updated tracking capabilitiesWhale Alert’s official Twitter account announced on Aug. 20 that the service is currently working on the second version of its platform, which includes additional services. The announcement reads:“We are excited to announce Whale…

South Korean internet giant Naver reportedly joins Bithumb stake race
Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange. 2943 Total views 20 Total shares Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb.Naver has discussed a potential equity…

Swan Bitcoin cancels conference amid staff reduction, mining shutdown
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.

Signature Bank failed to understand risks associated with crypto: FDIC chair
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.” 52 Total views 1 Total shares Investigations around the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin J. Gruenberg, believes that the…

Bitcoin Cash and BSV Hash Rates Surge Following BTC Halving
The hash rates of BCH of BSV have recovered, after crashing hard following their April halvings. Mining profitability for BSV, BCH, and BTC is now roughly the same. 1448 Total views 40 Total shares The Bitcoin Cash and Bitcoin SV hash rates have recovered following a dramatic fall after their halvings in April, as the…

World’s First Crypto Bank Adds Support for Ripple’s XRP
Sygnum Bank will allow its users to invest in Ripple’s XRP token via their e-banking portal. 1908 Total views 76 Total shares Sygnum Bank, the first crypto bank licensed by FINMA, announced on April 30 that Ripple’s XRP tokens are now available through its banking services platform. Users can access deposit, exchange, and credit services…

Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great. 13 Total views 1 Total shares Own this piece of history Collect this article as an NFTPrivate Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to…

Stock-to-flow creator doesn’t think Bitcoin’s bull market is done
Is Bitcoin's macro upward journey over? PlanB says no. 1965 Total views 9 Total shares Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however. “IMO we are only ~4…