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Decentralised Financial Technologies: Entering A New Frontier
Off the back of the Financial Stability Board’s recent report, detailing the financial stability, and regulatory and governance implications of decentralised financial technologies, we have compiled commentary from a diverse range of leading blockchain companies below. They have provided insights on the findings of the report, and what it means for the broader blockchain and crypto landscape. jaydeep_ / Pixabay
Stanley Druckenmiller on Bitcoin: ‘I Don’t Understand Why It’s a Store of Value’
Hedge fund legend Stanley Druckenmiller may have invested in a stablecoin, but that doesn’t mean he wants anything to do with Bitcoin. Following an interview by Scott Bessent, another Soros alum, at the Economic Club of New York, Druckenmiller was asked what he thought about bitcoin, given that it’s – as the questioner put it – one of “the few
Fido Gears up to Trade Crypto
If you were looking for a sign that crypto was going mainstream, this is probably it. Bloomberg: Fidelity Investments, which began a custody service to store Bitcoin earlier this year, will buy and sell the world’s most popular digital asset for institutional customers within a few weeks, according to a person familiar with the matter. The Boston-based firm, one of
CBOE To Discontinue Bitcoin Futures Trading
CBOE Global Markets announced last week that it does not intend to list additional XBT futures contracts for trading, according to The Wall Street Journal. What Happened XBT is the symbol for bitcoin futures listed by CBOE. Monthly futures contracts expire every month; since CBOE will not list new futures going forward, the market will wind down with the expiration
JPMorgan Becomes First U.S. Bank to Issue its Own Cryptocurrency
Of all the financial institutions one might guess would become the first U.S. bank to issue its own digital coin, it's safe to assume that JPMorgan Chase would not be the first choice. After all, CEO Jamie Dimon has famously called bitcoin "a fraud" and then doubled down on his criticisms by declaring "these crypto things are kind of a
Canadian Crypto Exchange Mistakenly Moved Additional Bitcoin into Wallet it Can't Access
In its first report looking into what happened to the money that shuttered Canadian crypto exchange QuadrigaCX owes its investors, advisory firm Ernst & Young has found that an additional 103 bitcoin valued at C$468,675 ($354,300) were moved on Feb. 6 to a cold wallet protected by a password only its founder - who died in December - knew. Quadriga
Mystery Deepens With Canadian Crypto Exchange's Missing Funds
The Canadian crypto exchange QuadrigaCX owes its investors about $250 million CAD (US$190 million) in both cryptocurrencies and fiat funds, but the company claims its late founder was the only person at the company who knew how to access the money, as CoinDesk reported early last week. Citing court documents it had obtained from the Nova Scotia Supreme Court, CoinDesk
SEC Solicits Companies to Provide Data For Most Widely Used Blockchains
The U.S. Securities and Exchange Commission is seeking both large and small companies that can provide blockchain data "to support the SEC's efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets," the agency announced. Specifically, the SEC wants tech solutions that "extracts blockchain data and parses this data to make it easily reviewable." Here
Report: A Canadian Crypto Exchange Owes Investors $190M That it Can't Access After its Founder Dies With the Password
The Canadian crypto exchange QuadrigaCX owes its investors about $250 million CAD (US$190 million) in both cryptocurrencies and fiat funds, but its late founder was the only person at the company who knew how to access the money, as CoinDesk reports. Citing court documents it had obtained from the Nova Scotia Supreme Court, CoinDesk notes that "there were roughly 115,000
A New Report Says Two Groups of Hackers Have Stolen About $1B in Cryptocurrencies - So Far
Well, here's something to keep crypto investors up at night: A new report by Chainalysis has found that "two prominent, professional hacking groups" have been responsible for stealing about $1 billion in digital coins thus far, accounting for at least 60% of all publicly recorded hacks. According to Chainalysis - a firm that tracks cryptocurrency transactions - these two hacking groups,