Tag Archives: News

Instead of accepting or acknowledging the license return, the commission insists that BlockFi undergo administrative proceedings. The bankrupt crypto exchange was left with no option but to sue Jorge Perez, the Connecticut banking commissioner. BlockFi’s attempts to return its Connecticut money transmitter license have been futile, as the state regulator has repeatedly refused to respond. Instead of accepting or acknowledging the license return, the commission insists that BlockFi undergo...

Following a successful Project Rosalind CBDC test, the BoE is making progress with developing and launching a digital pound. The Bank of England (BoE) is moving closer to launching its Central Bank Digital Currency (CBDC) after its long test project on the potential benefits of the technology. The BoE launched Project Rosalind last year to help decide whether to float a CBDC. The BoE undertook the CBDC project in collaboration with the Bank of International Settlements (BIS) to...

The Citroën e-C3 model will have a 320-kilometer range and a 57-minute “fast charge” capability. Automobile manufacturer Stellantis NV (BIT: STLAM) is set to unveil its first European-made affordable electric vehicle, the new Citroën e-C3 by mid-October.  According to the Brand Chief Executive Officer (CEO) of Citroën and Stellantis Chief Sales & Marketing Officer Thierry Koskas, the Electric Vehicle (EV) will sell for less than 25,000 euros which is approximately $27,400. With this...

While announcing Coinbase and Cash App as the new partners, Bitkey referred to some information it passed in March. Bitkey, a self-custody Bitcoin wallet app by Jack Dorsey’s Block, is partnering with Cash App and crypto exchange Coinbase (NASDAQ: COIN). The Bitcoin wallet application announced its first two global partners on June 15, noting that it aims to make self-custody more accessible. In addition to enabling customers to purchase, the alliance assures control over private keys....

It remains uncertain how the upcoming halving will affect Bitcoin’s price behavior, especially with global liquidity appearing to have peaked in the near term. With the next Bitcoin (BTC) halving anticipated in the second quarter of 2024, there is considerable speculation about its potential impact on the performance of the leading crypto asset and the market in general. However, according to reports, a new  Coinbase publication suggests that while halving is often seen as a positive event...

Among other items on his itinerary, Bill Gates visited Xi Jinping in Beijing. However, specific details about their discussions is unknown. Microsoft co-founder Bill Gates met Chinese President Xi Jinping in Beijing on Friday. The talk between them comes on the third day of Gates’ visit and one day after his meeting with the mayor of Beijing, Yin Yong. Although there are no official details of Bill Gates’ meeting with President Xi Jinping, the meeting with the Beijing mayor reportedly...

Adobe is making a significant leap forward by integrating generative AI features into its product offerings. In a significant development for the technology industry, Adobe Inc (NASDAQ: ADBE) the renowned software company, has announced a raised full-year revenue and profit outlook. The optimistic projection is primarily driven by the company’s assumption that the incorporation of generative artificial intelligence (AI) technologies into its software solutions will fuel growing demand....

OKX Middle East had been offering certain products and services in the region since last July. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted crypto exchange OKX a minimal viable product (MVP) preparatory license. This implies that the exchange is now cleared to fulfill all requirements to bag a full operational license in the region. According to a Thursday statement by OKX Middle East, once it receives this license, it will be able to extend its “approved suite of duly...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash is attempting a recovery wave above the $100 resistance against the US Dollar. The price is now trading below the $110 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $105 on the 4-hour chart of the BCH/USD pair (data feed from...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Coinbase Borrow – the official lending protocol of Coinbase, one of America’s largest and most popular digital currency trading platforms – has ceased all operations. Coinbase Borrow Closes Its Doors Permanently The end for Coinbase Borrow arrived on May 10. This was the last day on which customers could take...