Author name: Peter

Judge Urges SEC Decision on Planned Celsius Restart as Crypto Miner

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New York Judge Hopes for Expedited SEC Decision on Celsius’ Repayment Proposal During a court hearing on Monday, Judge Martin Glenn, who oversees the bankruptcy of Celsius, called on the U.S. Securities and Exchange Commission (SEC) to quickly decide whether it will authorize the company to transform itself into a crypto mining firm. The proposal […]

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The Growth of Stablecoin Trading in the Brazilian Cryptocurrency Market

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Introduction The Brazilian Tax Authority (RBF) has recently acknowledged the significant growth in stablecoin trading in the country's cryptocurrency market. Stablecoins, which are tokens tied to the value of other currencies, have gained popularity due to their stability in value and potential use as a means of payment. USDT Dominance in the Brazilian Market Tether's

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JPMorgan CEO Jamie Dimon Highlights Nuclear Proliferation as the Greatest Threat to Humanity

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Jamie Dimon's Concerns JPMorgan Chase CEO Jamie Dimon has recently expressed his deep concern over the issue of nuclear proliferation, labeling it as "the most serious thing facing mankind." Dimon's statement comes at a time when the risk of nuclear warfare is reported to be at its highest since the Cold War, according to the

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Digital Asset Market Witnesses Record-Breaking Inflows, Bitcoin Dominates

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Rising Optimism and Inflows According to Coinshares' latest digital asset fund flows report, the digital asset market experienced a significant rush in optimism in October, resulting in $326 million in fund inflows. This marks the largest single-week gain in one and a half years. The report, Volume 155, highlights the rising optimism and a higher

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Vella Finance Drops Crypto Services, Shifts Focus to SME Banking

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Vella Finance's Decision to Drop Crypto Services Vella Finance, a Nigerian fintech startup, has recently announced that it will no longer offer crypto-related services starting on October 30. The company's co-founder, Tolu Adedayo, stated that providing both crypto and banking services simultaneously is not feasible, leading to the decision to drop crypto services and instead

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California’s Digital Financial Assets Law: What You Need to Know

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Introduction On October 13, 2023, California implemented the Digital Financial Assets law, marking the state's first comprehensive regulatory framework for digital asset markets. This article will explore the key provisions of the law and its impact on various aspects of the crypto industry. Understanding Key Definitions Before delving into the specific provisions of the Digital

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Lawmakers Urge DOJ to Consider Criminal Charges Against Binance and Tether

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Introduction Two U.S. lawmakers have recently called on the U.S. Department of Justice (DOJ) to investigate Binance and Tether for potential criminal charges. The lawmakers alleged that these two cryptocurrency platforms were used to fund Hamas, a designated terrorist organization. They emphasized the need for the DOJ to evaluate whether Binance and Tether have violated

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The Power of Dollar Cost Averaging: A Reddit User’s Bitcoin Investment Experiment

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Introduction In a compelling tale of persistence and financial prudence, a Reddit user by the name of u/Gorillahair2000 embarked on a unique investment experiment to showcase the potential rewards of consistently investing small amounts into Bitcoin. This experiment aimed to determine whether allocating just $5 per day into Bitcoin would yield worthwhile returns. Over the

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Crypto Exchanges Face Historic Liquidity Crunch Ahead of Bitcoin Halving

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Bitcoin Exodus: Over $2 Billion in BTC Withdrawn from Exchanges in 90 Days In the past 90 days, trading platforms have seen a significant decrease in the number of bitcoins available for trading. Approximately 60,000 bitcoins, valued at just over $2 billion, have been removed from these exchanges. Currently, the total number of bitcoins on

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