Trump Media partners with Charles Schwab, expands into crypto financial services
The newly revealed Truth.Fi marks another foray into cryptocurrencies by the US president and his associates.
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Canadian Banks Wary of QuadrigaCX Assets’ Origins, Cite Money Laundering Concerns
Canadian banks have showed hesitation concerning the management of insolvent cryptocurrency exchange QuadrigaCX’s assets, national public broadcaster CBC reports on Feb. 22.QuadrigaCX has faced financial difficulty following the sudden death of its founder Gerry Cotten, who was the allegedly only one with access to the exchange’s cold wallets.As Cointelegraph reported earlier this week, QuadrigaCX has…

Liquid staking solutions now have more TVL than DEXs: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.April saw several hacks, exploits and rug pulls that resulted in a net loss of over $100 million among several DeFi protocols. Amid the growing memecoin frenzy, the…

John McAfee Back in Jail Hours After Release in Dominican Republic
Bitcoin (BTC) proponent and United States 2020 presidential candidate John McAfee reportedly reentered jail this week just a day after his release in the Dominican Republic.‘A record I think’Tweeting photographs of his confinement July 26, McAfee said he had been arrested a second time, but did not give details about the exact circumstances. The entrepreneur, his…

Russian Duma creates working group to tackle crypto mining regulations
Some regulators feel that a lack of clear laws for the industry is helping crypto miners avoid paying taxes. 529 Total views 19 Total shares The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry.According to an official announcement on Nov. 11,…

Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse
Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering”…

Shanghai court affirms that Bitcoin is virtual property, subject to property rights
A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process. 399 Total views 13 Total shares The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations.…

Crypto Biz: Hyperinflation and Bitcoin wagers, AI replacing first jobs and more
United States inflation and how it might affect the price of Bitcoin (BTC) are two of the top concerns on investors’ minds around the world. To illustrate, one prominent crypto personality bet big bucks on the future of the U.S. economy: the former Coinbase executive recently paid out $1.5 million to settle a Twitter wager…

Bitcoin wipes $500M open interest as BTC price drops toward key $70K
BTC price action dips nearly 2%, unsettling late longs as Bitcoin shows no interest in the latest US macro data prints.