Crypto news

The Metropolitan Museum of Art in New York City cited ethical concerns surrounding the cryptocurrency exchange’s operations while has announcion its decision to return $550,000 in donations received from FTX. The Metropolitan Museum of Art (Met Museum), renowned as one of the United States’ most esteemed cultural institutions, has made the decision to return a substantial donation of $550,000 that was generously contributed by the cryptocurrency exchange FTX. Court filings to the United...

XRP’s lawyer thinks the outcome could be determined by September based on recent events. In light of this, Ripple is allegedly meeting with investors to discuss their interest in an IPO. As its legal battle related to XRP with the Securities and Exchange Commission (SEC) draws to a close, there are rumors that Ripple may conduct an IPO. Wall Street expert Linda Jones hinted at the possibility by outlining the advantages of a potential initial public offering. Linda used information from...

As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal. The long-awaited conclusion of the Credit Suisse Group AG (SWX: CSGN)  acquisition by investment banking giant UBS Group AG (SWX: UBSG) may happen “as early as June 12”. This will signify the birth of a massive Swiss bank with a balance sheet of $1.6 trillion. All that is left for the deal to be completed is its...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Prosecutors in South Korea have filed charges against Daniel Shin, the co-founder of Terraform Labs (the firm behind Terra USD) alongside Do Kwon, who was recently arrested while traveling through Europe. Daniel Shin Is Facing Charges in South Korea Shin is the man – aside from Kwon – who reportedly brought...

Economists predict the US Treasury’s forthcoming debt issuance will hit $1 trillion and may eventually cause economic stiffness. US President Joe Biden’s assent and signing of the bill suspending the federal debt ceiling will trigger new debt issuance. Already, observers expect the Treasury Department to sell $1 trillion worth of debt. On Saturday, President Biden officially signed the bill, which removed the US debt ceiling until Jan 1, 2025. Biden’s signature followed a relatively...

The week started on a grim note following the large-scale theft of digital assets from Atomic Wallet users resulting in a six-figure loss across different chains. Distraught users have taken to Twitter to challenge some of the Atomic Wallet’s claims after the company assured them that it is working with “leading security companies” and has reached out to organizations that can help trace the stolen funds. Largest Victim Lost ~$8M According to pseudonymous on-chain sleuth...

The goal of this project will be to settle dollar trades in real-time which is significantly faster than the current settlement periods of a few days. Banking giant JPMorgan has partnered with six Indian banks to settle interbank dollar transactions over a blockchain platform in the country’s newest international financial hub of GIFT City. JPMorgan has joined hands with some of the top private-sector Indian lenders such as HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Yes Bank Ltd.,...

IMF director Kristalina Georgieva highlighted the stability of lending while urging the US Federal Reserve to consider further actions in response to an uncertain economic climate. In a recent interview with CNBC, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), said that lending remains strong despite the uncertain economic environment affecting banks. Georgieva’s remarks come as a reassuring voice amid concerns over the stability of lending in the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ordinal ApeCoin (oAPE) announces its innovative approach to access the booking Bitcoin Ordinals market through a widely available Ethereum token, oAPE. By combining the representation of the Bitcoin Apes ordinals collection with decentralized autonomous organization (DAO) principles, oAPE revolutionizes the way...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price started a downside correction from the $0.0945 zone against the US Dollar. XLM price is now trading above $0.090 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.0916 on the 4-hour chart (data feed via Kraken). The pair could...