The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms. SEC Warns About Risks in Interest-Bearing Crypto Accounts The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Division of…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Today, we’ll be taking a look at the evolving role that the Chicago Mercantile Exchange (CME) has played in the bitcoin futures market.…
Anime and Animoca Brands Blockchain gaming and Metaverse company Animoca Brands has launched a strategic subsidiary in Japan after raising $10 million in seed funding. The new subsidiary, named Animoca Brands KK, plans on expanding popular Japanese content into NFTs, the Metaverse, and fungible tokens through Web3 applications. The content includes anime such as My Hero Academia and Dragon Ball,…
Russia’s Ministry of Economic Development recently introduced a proposal to explicitly legalize and tax Bitcoin mining in regions with an electricity surplus. It says Bitcoin mining, which exists in something of a legal grey area, should be recognized as a form of “commercial activity” and taxed once coins are converted into rubles. As reported by local news agency Izvestia on…
DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus on making “access to digital assets a lot more convenient.” DBS Bank to Offer Crypto Trading to Retail Customers DBS, the largest bank in…
Web3 communications platform Metalink has agreed to work with NFT marketplace OpenSea on launching three official channels for OpenSea, focusing on announcements, support, and user feedback. The news today comes in the wake of a rough month for OpenSea. The company was forced to respond to angry users who complained of an “inactive listing” exploit on the platform that led…
Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest rate in March and St. Louis Fed president James Bullard believes the Fed needs to “front-load” rate…
Global and macroeconomic concerns ranging from rising inflation rates in the United States to the prospect of Russia invading Ukraine continue to spark volatility in financial markets. To the surprise of many analysts, the mood in the cryptocurrency market shifted in a positive direction on Feb. 15 after Bitcoin (BTC) climbed to $44,500 and Ether (ETH) regained support at $3,100.…
The New York Stock Exchange, or NYSE, has filed a trademark application with the United States Patent and Trademark Office, or USPTO, on Feb 10 to register the name “NYSE” for several blockchains and crypto related products and services. The goods specified include virtual reality and augmented reality software, nonfungible tokens, or NFTs, and online marketplaces. According to the application, the…
Cyber, a virtual reality platform, today announced a deal with Rarible to integrate its protocol and create a virtual NFT marketplace. Launched in February last year, Cyber said the new functionality will enable consumers to browse for NFT collectibles through an immersive VR experience. “You had all these top-to-bottom companies that were selling [virtual] land that is quite expensive, and…
