Crypto news

Bitcoin’s price has been on a rollercoaster throughout the past seven days, and it has failed to chart any significant increase (or decrease) throughout the period. However, it was particularly volatile. Last week at this time, the price was hovering around similar levels, around $24K, but it quickly took for the skies and touched $25K on Sunday. What followed was the first correction back to $24K, after which BTC bounced again and reached $25K once more. It remained there...

Spoke.ai, die von ehemaligen N26-Mitarbeitern gegründete KI-gestützte Tool-Suite, hat sich eine Pre-Seed-Runde in Höhe von zwei Millionen Euro gesichert. Angeführt wurde die Runde von byFounders, weitere Beteiligungen kommen von Possible Ventures und einem Zusammenschluss erfahrener Business Angels, wie N26 Mitgründer Maximilian Tayenthal. Die Finanzierung wird verwendet, um die über 500 Unternehmen aus der Warteliste in die Beta-Version aufzunehmen. Spoke.ai löst das Problem der...

Bitcoin cash price started a fresh decline from the $155 zone against the US Dollar. The price is now trading near the $135 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $140 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $136 and $132 support levels. Bitcoin cash price is declining from the $155 zone against the US Dollar, similar...

Spotify is testing a new service – “token-enabled playlists” – with one of its partners to enable non-fungible token (NFT) holders to connect their wallets and access curated music. It is currently in the pilot phase. The new service was designed in partnership with the Web3 gaming ecosystem, Overlord, and involves a token-enabled community-curated playlist that can be accessed via Web3 wallets of those who hold the Creepz NFTS on Spotify. According to the official...

DZ Bank – the second-largest German bank by assets – is all set to offer digital asset custody services. The BaFin-regulated financial institution and custody provider has joined forces with Swiss firm Metaco and orchestration platform Harmonize for its upcoming digital currencies to its institutional clients offering. According to the official press release, Harmonize is designed to offer a versatile governance framework and has customizable risk and compliance controls...

America’s 3 federal bank regulators had a clarifying message for banking organizations on Thursday: servicing the crypto industry is neither illegal nor discouraged.  That said, the institutions – including the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) – named various risks to keep in mind when interacting with the crypto sector, and which risk management practices to follow as a result.  Crypto is...

The SEC and other U.S. regulators have, in recent weeks, turned on the heat in regard to crypto exchanges – an understandable, if a somewhat brusque, response to the series of crypto bankruptcies across 2022. The latest to come under their scope is CoinEx. Selling Securities Without a License According to a press release published by the AGs’ office, CoinEx – a Hong Kong-based crypto exchange also known as Vino Global Ltd – was found to be selling cryptocurrencies that U.S....

Disgraced FTX founder Sam Bankman-Fried (SBF) is under yet another layer of legal pressure after a judge unsealed a superseding 12-count indictment against him on Thursday.  The filing adds 4 new charges to an 8-count indictment introduced in December, and includes new details regarding illegal political donations made by SBF. Straw Donor Scheme As the government alleges, Bankman-Fried “corrupted” the operations of both crypto exchange FTX and its sister trading firm Alameda...

Messari – a leading provider of blockchain research and data analysis based in South Korea – added its name to the long list of crypto-focused companies that axed their workforce due to the harsh macroeconomic environment. It laid off 15% of its staff, believing this was the right step for the long run. Ryan Selkis – Founder and CEO of Messari – announced the news on Twitter, asserting that the company will help departing employees with their transition to other...

FTX – the now defunct crypto exchange that was previously run by founder and head executive Sam Bankman-Fried – is suing former crypto lending platform Voyager Digital for nearly $500 million. FTX and Voyager Are Now at Odds Voyager Digital filed for bankruptcy back in the summer of 2022. The company collected (allegedly) nearly $250 million from the former digital exchange in September, plus an additional $194 million about a month later. FTX also made interest payments...