A new bill about stablecoins presented in the US Senate might persuade American banks to enter the stablecoin industry, according to S&P Global Ratings’ assessment. On April 23, S&P mentioned in a research note that the Payment Stablecoin Act proposals, presented to the Senate on April 17, might persuade banks to begin issuing U.S. dollar-backed … Read more
Last year saw a notable rise in crypto investments among Canadian institutional investors, according to a recent report by accounting firm KPMG. Approximately 40% of institutional investors disclosed holding crypto assets either directly or indirectly in the year 2023, marking a significant increase from the 31% reported in KPMG’s survey conducted in 2021. Approximately 31 … Read more
Meta (Meta Platforms Inc., or META) experienced a 15% decrease in after-hours trading following the company’s announcement that it plans to significantly increase investments in artificial intelligence and keep its metaverse division operating at a loss, despite a disappointing revenue forecast. In the giant company’s Q1 2024 financial report announced on April 24, 2024, they … Read more
FTX’s co-founder Sam Bankman-Fried received a 25-year prison sentence. Contrastingly, Steve Wozniak of Apple succeeded in appealing against YouTube for exploiting his likeness in promoting cryptocurrency frauds. The number of cryptocurrency scams and their associated platforms is being unmasked and brought to justice. Mainstream recognition of cryptocurrencies extends beyond the hype, with a growing understanding … Read more
According to Charles Edwards, the analyst and founder of Capriole Investments, several indicators derived from the Bitcoin and cryptocurrency blockchains point towards a continued growth in this bull market. In his most recent update, Edwards shared that the fees generated from the recent Runes release and indicators following Bitcoin’s halving event imply a potential increase … Read more
Changpeng “CZ” Zhao, ex-CEO of Binance, has asked a federal judge for probation following his guilty plea to money laundering law infringements. His lawyers have submitted various statements advocating for this leniency, one of which proposes that he could complete any necessary jail term at the Federal Detention Center (FDC) in SeaTac, Washington. In a … Read more