Tag Archives: News

The owner of the Carolina Fish Market in Ballantyne, North Carolina is in trouble for using a COVID-based loan to purchase cryptocurrency. James Seidel has been accused of defrauding the Small Business Administration (SBA) using Economic Injury Disaster Loan funds. COVID Fraud Became Rather Prominent The COVID pandemic of 2020 and 2021 brought about a huge string of disasters. The economy tanked, people were out of work, and many businesses were forced to either...

PayPal – the world’s biggest digital payment platform – has announced the release of a new USD-pegged stable asset it’ll use to enter the digital currency market. PayPal is Delving Deeper into Crypto PayPal has had a strong background in crypto. A former executive with the firm – David Marcus – lent plenty of energy and time to aid Facebook’s failed Libra project, which would have seen a new stable currency payment outlet formed on the social media giant. Also,...

The Bank of England has halted its 14 consecutive interest rate hikes, keeping rates at 5.25% due to moderating inflation. Despite this, the economy remains precarious. The Bank of England has decided to end a streak of 14 consecutive interest rate hikes, keeping them at 5.25%, following data showing a moderation in inflation. According to CNBC, the Monetary Policy Committee voted 5-4 in favor of not raising rates at its September meeting, while 4 members indicated they would have...

The rapid increase in the value of Immutable’s IMX token has attracted not only the interest of crypto fans but also remarks from industry experts. In a surprising turn of events, ImmutableX (IMX) is experiencing a remarkable surge of 38.1% in just a few hours this morning following a corresponding trading volume spike. Recent data from CoinGecko revealed that IMX went from a modest $0.55 to an impressive peak of $0.76. The Driving Force Behind the ImmutableX Volume Surge The rapid...

eToro will be in a position to offer cross-border crypto services after the EU’s Markets in Crypto Assets (MiCA) regulatory framework goes into effect in December 2024. An investing platform with over 32 million registered users, eToro, has announced that it is ready to offer crypto-related services in the European Union (EU) after its application for registration under the Crypto Asset Service Provider (CySEC CASP) was approved. The company, however, announced that its Europe entity will...

The Securities and Exchange Commission (SEC) is required to give an official decision regarding a new bitcoin-based exchange-traded fund (ETF) application submitted by ARK Invest. The Window for Decision is Closing on the SEC ARK is simply one of eight companies that have submitted such applications over the past few months, the others being Bitwise, VanEck, BlackRock, and WisdomTree to name a few. The application from ARK was submitted as far back as mid-May of...

Ripple’s expansion plans come months after its partial victory in its ongoing legal battle with the US SEC. In a strategic move aimed at addressing ongoing regulatory issues in the United States, Ripple, a blockchain payment company, is gearing up to significantly expand its workforce in international markets. In an interview with CNBC on September 13, Ripple CEO Brad Garlinghouse said without revealing the actual locations that over 80% of the company’s new hires for the year will be...

Amid sticky inflation, Fed Chair Jerome Powell said that they would approach the monetary policy very cautiously. Analysts expect only two rate cuts instead of four, in 2024. On Thursday, September 21, the US Treasury yields experienced an upward surge approaching levels not observed in over a decade. This movement followed the Federal Reserve’s announcement regarding interest rates and future guidance. US Treasury Yield The yield on the 10-year Treasury increased by approximately 9...

Toshiba believes that going private may help give the company renewed focus to tackle all of its teeming problems. Japanese multinational electronics company Toshiba Corporation is set to go private after a successful acquisition by a group of buyers led by Japan Industrial Partners. The deal, worth ¥2 trillion ($13.5 billion) will reverse Toshiba’s status as a publicly-listed company. Toshiba has officially announced that the JIP-led group now holds 78.65% of the company’s outstanding...

The issuance of this license, provided by the Arkansas Securities Department, marks a pivotal moment for Alchemy Pay as it is the company’s first Money Transmitter License within the United States. Alchemy Pay, a cryptocurrency payment gateway, has significantly expanded its global presence by securing a Money Transmitter License in the state of Arkansas, United States. With the help of this license, Alchemy Pay will be able to provide the state with a wide array of financial services...