The crypto industry needs to do more to help ordinary investors
Cryptocurrency was created to be accessible to the masses. So why are retail investors getting shut out from the best analytical and trading tools?
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India Web3 talent driven away by lack of regulatory clarity, industry body says
India’s lack of regulatory clarity on crypto and Web 3.0 is a driving force of critical human capital flight, according to a new report by Nasscom.
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First Digital Trust says HK, Singapore can join hands on crypto initiatives
In a Q&A with Forkast, First Digital Trust Chief Executive Officer Vincent Chok shared his views on Hong Kong getting back into crypto, regulations, and how the crypto pie in Asia is big enough for rivals Singapore and Hong Kong.
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Crypto bank Nuri to shut down, asks customers to withdraw funds
German crypto bank Nuri (formerly known as Bitwala) has asked customers to withdraw their funds by Dec. 18 so that the “business can be terminated and liquidated.”
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Gold commodities market could enter the blockchain, according to new industry initiative
A partnership between the World Gold Council (WGC) and Swiss-based DLT infrastructure and application provider aXedras Group could make gold trading more accessible and streamlined, though insiders are skeptical, according to a Bloomberg report Sunday. See related article: Diamond Standard raises US$30 mln to ramp up tokenized asset distribution Fast facts The WGC’s initiative “Gold247”…
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Markets: Bitcoin holds $19,000 (just); Cardano, XRP lead losses among top 10 crypto
Bitcoin dipped but just held the US$19,000 support line in Thursday evening trading in Asia. Excluding stablecoins, all other cryptocurrencies on the top 10 list by market capitalization fell. Cardano led the declines. See related articles: Judge grants amicus requests to support Ripple in lawsuit with SEC Fast facts Bitcoin fell 0.52% in the past…
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BNY Mellon, largest custodian bank, starts Bitcoin, Ether custody services
Bank of New York Mellon Corp., a 238-year-old bank based in the U.S., is now allowing select U.S. clients to hold and transfer Bitcoin and Ether, the bank announced in a press release on Tuesday. See related article: Crypto self-custody is no longer a choice. It’s an imperative. Fast facts BNY Mellon will store private…
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Justin Sun, SBF again deny involvement in Huobi Global sale
The founder of blockchain network Tron, Justin Sun, and crypto exchange FTX founder Sam Bankman-Fried each denied for a second time that they have participated in purchasing a majority stake in Huobi Global, after crypto media outlet Wu Blockchain said on Monday that Sun was actually the Chinese crypto exchange’s behind-the-scenes purchaser, with Bankman-Fried was…
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Brazil police bust crypto group led by ‘Bitcoin Sheikh’
Gold bars, cash, jewelry, cars and luxury watches bought with defrauded funds are seized.