A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi Platform to Enable Large-Scale Commercial Operations According to a report published by the news outlet Interfax, state-owned […]
ETH passes $1,700 for first time since September, but analysts say local top is in play
Ethereum briefly surpassed $1,700 on February 2, soaring more than $500 since the start of the year, but some analysts say the bullish activity on the crypto may be short-lived. A chart published by the market intelligence platform Santiment identified several key points that suggest a local top may be in. Ethereum, Ratio of Profit/Loss, […]
The Number of Crypto-Related Enforcement Actions in the United States Grows
Blockchain risk monitoring business Solidus Labs predicts a significant rise in US federal and state enforcement actions in 2022. (Read More)
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
The Wall Street Journal reported that four persons owned 86% of Tether Holdings Limited in 2018. (Read More)
Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Bitcoin is too unpredictable to be “effective money,” according to legendary investor Ray Dalio. (Read More)
Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange
Indonesian Trade Minister Zulkifli Hasan has set a June 2023 start date for its crypto exchange. (Read More)
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
Prosecutors are investigating Silvergate’s Alameda accounts. (Read More)
CryptoZoo, Logan Paul Sued for $5M Over his allegations
A class action complaint alleges Crypto Zoo, Logan Paul, and other executives “fraudulently” retained consumer monies and failed to fulfil promised advantages. (Read More)
Australia’s Government is Bolstering Its Market Regulator’s Digital Asset
The new Australian government has devised a “multi-stage strategy” to combat cryptocurrency frauds, safeguard consumers, and increase enforcement. (Read More)
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor’s Microstrategy, sold 1,500 BTC. (Read More)