The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed […]
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally […]
People in the crypto space are talking about the Metaverse as a revolutionary innovation that will transform the Internet as we know it. As its name suggests, Metaverse means “beyond the universe”, describing a virtual […]
HSBC bought the UK arm of collapsed US bank Silicon Valley Bank (SVB) for £1. SVB collapsed last week, sending shock waves across the banking and finance industry as well as crypto. Businesses and customers […]
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Several jurisdictions across the world have bolstered efforts to regulate the digital assets industry. In Germany, too, the financial regulator issued guidelines on the regulatory treatment of cryptocurrencies, including for the purpose of anti-money laundering […]
Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of Jan. 17, 2023 […]
Nonfungible tokens (NFTs) prove ownership by creating a unique digital certificate for a specific asset. A decentralized digital ledger that keeps track of all nonfungible token transactions and ownership changes is used to create each […]
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All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority. The notice came […]
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