US Federal Reserve, FDIC warn banks against crypto risks
Federal agencies are taking a "careful and cautious" approach to prevent any spillage of crypto-related risks into the banking sector.
Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.
Top Crypto Analyst Predicts Bitcoin Turnaround After the Second-Longest BTC Bear Market – Here’s the Timeline
Widely followed cryptocurrency analyst Benjamin Cowen is expressing a bullish outlook for Bitcoin (BTC) over the coming months.
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.
CryptoSlate Wrapped Daily: Binance hits out at Reuters, USDD loses peg, Paxful delists ETH
Binance criticizes Reuters over DOJ articles, Tron USDD loses dollar peg and more in this CryptoSlate Wrapped Daily.
Genesis denies ‘imminent’ plans to file for bankruptcy
The lending firm claims it's having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing.
Bitcoin Bull Anthony Pompliano Says Confidence Game Now Over for Crypto Industry
Longtime Bitcoin (BTC) supporter and entrepreneur Anthony Pompliano says that people in the crypto space are underestimating just how much damage has been done to the industry following the collapse of FTX and its associated entities.
Soccer Superstar Lionel Messi Joins NFT Game Sorare as Investor and Brand Ambassador
Lionel Messi, one of the biggest Argentine soccer superstars, has announced his participation as an investor and brand ambassador in Sorare, an NFT (non-fungible token) game. Sorare hopes that Messi’s presence will improve the way in which the company relates to users, setting new standards in this regard. The economic details of the deal were not disclosed.
White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX
According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.
Crypto Exchange Binance Dumping All FTX Tokens on Its Books — CEO Cites 'Recent Revelations'
Binance is dumping all of its FTX token (FTT) holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao has confirmed. “Regarding any speculation as to whether this is a move against a competitor, it is not,” he added. “Our industry is in its nascency and every time a project publicly fails it hurts every user and every platform.”
Billionaire Tim Draper Calls One Bitcoin Metric Extraordinary, Says ‘Great Things’ Coming for BTC
Billionaire venture capitalist Tim Draper is confident that global Bitcoin (BTC) adoption is proceeding extremely well.
CBDCs are a declaration of war against the banking system claims economist
Richard Werner discusses decentralization's challenges and blockchain's role in it in an exclusive interview with Cointelegraph.
Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows
A new survey has revealed that Democrats and Republicans agree cryptocurrency is the future of finance. The national survey was conducted by The Harris Poll on behalf of Grayscale Investments, the world’s largest digital currency asset manager. In addition, 44% of the respondents said they expect to have crypto as part of their investment portfolio in the future.
Switzerland's financial regulator extends reporting requirements for crypto transactions
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.
Crypto Analyst Says Bitcoin Could Triple in Price to $63,000 Before Next BTC Halving
The popular crypto analyst and host of the InvestAnswers YouTube channel says that Bitcoin (BTC) could easily go on a 3x rally before the next halving event.
Japanese Crypto Exchange Aims To Go Public on the Nasdaq Next Year
A Japanese crypto exchange and Web3 platform is looking to grow by going public on the Nasdaq Stock Market by 2023.
CryptoSlate Wrapped Daily: Vitalik deems crypto better than gold; SBF hints at creating FTX-backed stablecoin
Messina CEO willing to bet his Porsche on BTC reaching $60,000 again, Ethereum overtakes Alibaba to become 50th most valuable asset and much more in this edition of CryptoSlate Wrapped Daily.
Economist Peter Schiff Warns the US Dollar Will Crash — Says 'We're Going to Default'
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course not. Repaying the debt is impossible. So, what’s going to happen? We’re going to default.”
US lawmakers express concern over crypto firms hiring former government officials
The lawmakers said Americans need to be sure that government policies were not being created to "cater to the crypto industry’s desire to 'avoid the sort of regulatory crackdown it has faced in China and elsewhere.'"