Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ruya, a digital bank based in the United Arab Emirates, has started offering Bitcoin and other cryptocurrency investments through its mobile app. This move makes Ruya the first Islamic bank in the world to allow direct crypto asset purchases while staying true […]
Ruya Leads as 1st Islamic Bank to Offer Crypto Investment Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A collective of upset NFT purchasers has brought a lawsuit against Nike after the company shut down its digital collectibles division, RTFKT. According to a report by Reuters, the lawsuit, filed Friday in Brooklyn, New York, alleges that the sportswear colossus’s sudden
Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ark Invest, a fund management company, has sharply raised its price forecasts for Bitcoin, predicting the cryptocurrency may reach $2.4 million at the end of 2030 in its most bullish scenario. The new target, set in an April 24 report by research
Bitcoin To $2.4 Million? ARK Invest Predicts Massive Surge By 2030 Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Federal prosecutors and regulators have charged a man they claim operated a massive cryptocurrency fraud scheme that swindled $200 million from 90,000 investors. Ramil Palafox, a dual US and Philippines citizen, allegedly stole more than $57 million from January 2020 through October
Bitcoin Kingpin Or Con Artist? SEC Charges Crypto, Forex Firm Owner Over $200M Fraud Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto is reportedly becoming more integrated into the conventional banking system, according to the Wall Street Journal. This shift occurs after the regulatory crackdown that followed the failure of crypto exchange FTX and its aftermath for many crypto-friendly institutions caused many in
Crypto Firms Circle And BitGo Set To Pursue US Bank Licenses, WSJ Read More »
A major clash has erupted between cryptocurrency industry leaders and banking regulators over how to handle the growing crypto market. CoinFund president Christopher Perkins has called the Bank for International Settlements’ (BIS) recent recommendations on cryptocurrency regulation “dangerous” for the entire financial system. Banking Regulators Push For ‘Containment’ Of Crypto Markets The BIS published a
Crypto Exec Blasts BIS: ‘Fear, Arrogance, Or Ignorance—Their Views Are Dangerous’ Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Slovenia’s Finance Ministry released a draft bill that would tax profits from the sale of cryptocurrencies at 25%, potentially sealing the nation’s status as a tax haven for investors in digital assets. The plan is designed to close a loophole that currently
Crypto Wealth Could Take A Hit As Slovenia Weighs 25% Tax Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Arizona’s push to develop state-run cryptocurrency reserves gained momentum this week. One bill cleared a crucial hurdle when the Strategic Digital Assets Reserve Bill (SB 1373) moved through the upper chamber of the House Committee of the Whole on April 17. It
Arizona Reserve Bill Advances To 3rd Reading Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple Labs-owned Hidden Road has announced that its subsidiary, Hidden Road Partners CIV US LLC, has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a FINRA-member broker-dealer. This approval allows Hidden Road to enhance its recently launched fixed
Ripple-Backed Hidden Road Achieves Broker-Dealer License Approval Read More »
Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes. Bolstering the Euro’s Prominence The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, Italian
Dollar-Based Stablecoins Pose Greater Threat to Euro, Italian Economy Minister Says Read More »
