Crypto news

Blockchain security company Quantstamp has agreed to pay ~$3.5 million in fines to settle charges against it from the U.S. Securities and Exchange Commission (SEC) on Friday – without confirming or denying allegations. The settlement marks another successful crackdown from the agency against a crypto company for violating securities laws, which industry leaders say lack clarity regarding how they apply to digital assets. Another SEC Legal Attack The SEC’s charges – announced...

The market capitalization of the largest stablecoin – USDT – recently tapped an all-time high of $83.76 billion (according to the crypto analysis firm IntoTheBlock). Other data aggregators, though, showed that the asset had increased well beyond that level earlier this month. Stablecoins have performed quite well lately, and USDT continues to dominate the entire field. The combined market capitalization of the six biggest such tokens spiked last month to almost $125 billion....

The Federal Reserve rose its target interest rate by 25 basis points on Wednesday, in line with market expectations. This brings the central bank’s rate to over 5.25% – one of its highest levels since the lead-up to the 2008 financial crisis. The latest hike marks the Federal Reserve’s 11th rate hike over its last 12 policy meetings dating back to March 2022. The central bank’s mission over the past year has been to quell once rampant inflation, which peaked at 9.1% in June...

Earlier today, we put out a news story talking about a16z. The venture capital firm has lots of big blockchain-related plans including opening a new crypto school aimed at garnering funds for blockchain startups, setting up a new office in London, and continuing its funding of blockchain businesses. a16z Helps Gensyn Move Forward This new article has to do with the latter, as recently, a $43 million funding round was secured by a16z for a new blockchain company...

Bitcoin whales typically capture the stagnant market conditions to accumulate more coins. This trend continued even during the underwhelming price performance of Bitcoin in recent months, as new analysis suggests a dramatic uptick in whale activity during the period. Glassnode’s latest edition of “The Week On-Chain,” observed that the aggregate Whale balance has declined by approximately 255k BTC since May 30. This was found upon isolating coins flowing between Whale entities...

According to the crypto market data provider Kaiko, Bitcoin’s correlation with the S&P 500 Index has dropped to a two-year low at just 3%, highlighting the asset’s increasing independence from traditional finance.  Some experts have argued over the years that such a development could act as a catalyst and push BTC’s price to a new all-time high. As revealed by Kaiko, the last time Bitcoin’s correlation with the S&P 500 Index stood at 3% was in August 2021. ...

Venture capital firm Andreessen Horowitz (a16z) said it’s opening its first international space in London and it’s also starting what it’s calling the Crypto Startup School, an accelerator program designed to help digital currency startups garner the funds and resources they need to stay afloat. The company also said it wants to expand its present blockchain program. a16z to Open New London Office a16z is closely working with universities throughout the London...

[unable to retrieve full-text content]CoinspeakerSamsung Launches Range of New Devices Including Foldable Smartphones and Galaxy Smartwatches The new foldable smartphones are thinner, faster, and generally better than their predecessors, according to Samsung. Samsung Launches Range of New Devices Including Foldable Smartphones and Galaxy Smartwatches

[unable to retrieve full-text content]CoinspeakerAnt Group Prepares for Hong Kong IPO with Strategic Restructuring Ant Group’s IPO was halted in 2020 after the Chinese government intervened, citing rising concerns about the company's growth and potential systemic threats to the financial industry. Ant Group Prepares for Hong Kong IPO with Strategic Restructuring

[unable to retrieve full-text content]CoinspeakerDeutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023 The latest report marks Deutsche Bank's 12th straight quarterly profit since it implemented a restructuring plan back in 2019. Deutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023