Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil — a move both companies say would support continued adoption in Latin America’s largest economy. Under the partnership agreement, GK8 will license its institutional-grade custody platform to 2ND Market to give Brazilian users access to a wider range…
El Salvador’s President Nayib Bukele bet on Bitcoin last September when he made it legal tender in the Central American nation and invested a lot of cash into the cryptocurrency himself. One year and $107 million dollars later and his investment isn’t paying off: the president is down over $61 million on paper from those Bitcoin buys, data from the…
The United States consumer price index (CPI) increased 8.2% annually in September, beating economists’ expectations of an 8.1% rise. The CPI print lived up to its hype and caused a sharp, but short-term increase in volatile risk assets. The S&P 500 oscillated inside its widest trading range since 2020 and Bitcoin (BTC) also witnessed a large intraday range of more…
After a Manhattan federal judge blasted Roche Freedman LLP founding partner Kyle Roche’s public statements, the judge has removed the crypto boutique law firm from the market manipulation lawsuit against Tether and Bitfinex. The recent hearing has shown that U.S. district judge, Katherine Polk Failla, believes the litigation process could be derailed. She further stressed that “the metaphorical baggage” Roche…
As crypto traders debate whether Bitcoin (BTC) is going to $25,000 or $15,000 first, the world’s largest financial institutions are laying the groundwork for mass adoption. The proverbial floodgates are unlikely to open before the United States provides a clear regulatory framework for crypto, but regulators and industry insiders are confident that guidance could come in 2023 at the earliest.…
Crypto wallet MetaMask is making it easier for users to turn their fiat into crypto through an integration with fintech firm Sardine, MetaMask parent company ConsenSys announced this week. MetaMask users will now be able to fund their crypto wallets via bank transfers instantly, instead of having to wait for traditional fund transfers to clear. In a blog post, ConsenSys…
Mango DAO has offered a deal to the thief who made off with $100 million in crypto from an exploit in the Mango Markets platform earlier this week—a way to avoid a criminal investigation and pay off bad debt. The Mango DAO, a decentralized autonomous organization that manages Mango Markets, has offered the hacker a bug bounty of $47 million,…
Bitcoin (BTC) cooled near $19,200 after the Oct. 14 Wall Street open as stocks struggled to preserve their “bear trap.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: “Abandon all hope” for asset price rebound Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off one-week highs on the day to circle $19,300. The pair had seen…
One month after the Merge, 51% of ethereum blocks were compliant with OFAC standards, according to blockchain development Labrys’ data, as MEV-boost relays takes over market share. On Twitter, users highlighted how the figures represent a milestone towards censorship, as more blocks are under surveillance: We reached another sad milestone in censorship: 51%This means if the censoring validators would now stop…
While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with PMs accounting for roughly 86.7% of…
