Category: News

The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned.  A controversial European Central Bank paper that stopped just short of calling Bitcoin a Ponzi scheme earlier this month has been slammed by a group of crypto academics in their latest…

Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections. The United States is behind the curve on crypto regulations but could begin to shape up laws after the elections, says Paolo Ardoino, CEO of the largest crypto stablecoin issuer, Tether.“There is…

Meta will test the facial recognition technology from 50,000 celebrities and public figures to curtail the “celeb-bait” scams. Meta, a social network company with nearly 4 billion users, is testing how it can use facial recognition technology to combat fake celebrity scam ads that have been plaguing its platforms.Meta said early testing with a small…

Ethereum blob fees briefly surged to a price of $4.52 spurred by a frenzy of Scroll airdrop claims.  A frenzy of airdrop claims for a new Ethereum layer-2 network called Scroll briefly drove up the cost of blob fees as high as $4.52, marking the third time that blobs have become costly since Ethereum’s Dencun…

Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham’s data suggests the assets are still under the firm’s control. Electric car manufacturer Tesla likely still owns its entire Bitcoin stash worth $780 million despite transferring all the funds to unidentified wallets on Oct. 15, according to a blockchain analytics firm. “We believe…

Institutional investors now hold approximately 20% of all US-traded spot Bitcoin (BTC) exchange-traded funds (ETFs), according to recent data. CryptoQuant CEO and founder Ki Young Ju revealed that the latest 13F Form filings show that institutional investors hold over 193,000 BTC via Bitcoin ETFs as of Oct. 18. He also revealed that roughly 1,179 institutions…

The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability. Tokenization, which converts real-world assets (RWA) like property and securities into digital tokens, has drawn attention for its ability to streamline transactions and reduce costs. Mechanisms…

The acquisition of its competitor will net Komainu a Singapore Capital Markets Services License and hope for a Major Payment Institution license in the future. Digital asset custody provider Komainu has targeted Singapore’s Propine Holdings, the parent company of local custody provider Propine Technologies, for acquisition. The value of the transaction was not disclosed. If…

The tokenized fund will invest in data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe.  Investment banking firm Aurum Equity Partners has announced the launch of a $1 billion tokenized fund, combining equity and debt assets under the same basket. According to an Oct. 22 announcement, the…

SEC chair Gary Gensler pushed back against criticism of the agency’s enforcement-driven regulatory approach to crypto during an interview on Bloomberg Technology on Oct. 22. Responding to criticisms that the SEC has not adapted its approach to the evolving digital asset space, Gensler reiterated the importance of using established laws to protect investors and maintain…