Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on Global Recession Citigroup CEO Jane Fraser warned about the health of the global economy Friday, Reuters reported. Citi is the third-largest and most globally-focused U.S.…
Developers have fixed the runtime bug that caused the latest outage of the Solana network on June 1. According to a report published by Solana Labs on June 5, Solana’s fifth outage of 2022 was caused by a bug in the “durable nonce transactions feature” which caused the network to stop producing blocks for roughly four and half hours. “The…
A further two cryptocurrency-backed exchange-traded funds (ETFs) have launched on the Cboe Australia exchange on June 7 bringing the total amount of crypto ETFs available to Australian traders to six. The Canada-based 3iQ Digital Asset Management (3iQ) launched two spot ETFs, the 3iQ CoinShares Bitcoin (BTC) Feeder ETF and the 3iQ CoinShares Ether (ETH) Feeder ETF. Both of the Australian…
Overcoming recent headwinds in the crypto market, Indonesian cryptocurrency exchange and wallet Pintu announced today that it has raised $110 million in Series B funding from Lightspeed, Pantera Capital, Northstar Group, and Intudo Ventures. Pintu says it will use the newly-raised funds to further develop its product offerings and expand its educational arm, Pintu Academy. With an exchange, crypto wallet, and…
Indonesian crypto asset platform Pintu announced the closure of a $113 million Series B funding round participated by four prominent investors Pantera Capital, Intudo Ventures, Lightspeed and Northstar Group. Licensed by the Commodity Futures Trading Regulatory Agency (Bappebti) under the Ministry of Trade, Pintu caters to Indonesian crypto investors dealing in popular cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Bappepti…
The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.” U.S. Labor Department Sued Over Crypto Guidance The U.S. Department of Labor (DOL) and Secretary of Labor Martin J. Walsh have been…
Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the…
The English Premier League (EPL) has filed two cryptocurrency and NFT trademarks in the U.S., a sign the world’s most-watched sports league is gearing up to expand its brand into the digital scene. The trademarks were filed with the United States Patent and Trademark Office (USPTO) last week and brought to light in a tweet by licensed trademark attorney Michael…
Watch This Episode On YouTube Listen To The Episode Here: In this week’s episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Oszelwicz are joined by guest Yankun Guo, a corporate and financial regulations attorney at Ice Miller, to discuss cryptocurrency regulations and how they intersect with law. Guo’s interests lie in bridging the gap between technology and law.…
Tesla and Spacex CEO Elon Musk believes that Twitter is in material breach of the merger agreement with him, so he has the right to terminate the deal. The social media giant has refused to provide critical information relating to spam and fake accounts on its platform, Musk’s legal team explained. Elon Musk Could Terminate His $44 Billion Twitter Buyout…
