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Vast Bank Closes Cryptocurrency App, Exits Digital Asset Market Amid Regulatory Pressures Vast Bank, headquartered in Oklahoma, United States, has announced its departure from the cryptocurrency market, coupled with the closure of its crypto mobile banking application. This decision, effective as of Jan. 31, marks a shift in the bank's operational focus. Introduced in 2021, […]

Investment Firm Paradigm Backs Kalshi in Lawsuit Against CFTC Investment firm Paradigm has shown its support for prediction market platform Kalshi in its ongoing legal dispute with the Commodity Futures Trading Commission (CFTC). The disagreement stems from the CFTC's rejection of Kalshi's proposed market, which allows participants to speculate on the outcome of U.S. Congressional

The chief of South Korea's financial watchdog is planning a visit to the United States in order to discuss cryptocurrency regulation with Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC). The focus of the discussion will be on the recent approval of spot bitcoin exchange-traded funds (ETFs) by the SEC. The

Introduction The sale of Taproot Wizards' Quantum Cats non-fungible tokens (NFTs) has been a tremendous success, accumulating 268.3 bitcoin, equivalent to $11.3 million at the current market value. Despite initial technical challenges that caused a delay in the sale, a total of 2,681 Quantum Cat NFTs have already been sold. Taproot Wizards' Quantum Cats NFT

The Central Bank of Nigeria (CBN) recently announced the removal of caps on naira payout rates for international money transfer operators (IMTOs). This policy change aims to further liberalize the foreign exchange market and has already had an impact on the naira's value. Policy Adjustment for IMTOs Prior to this change, IMTOs were required to

Renewed Warning: Stock and Bond Markets on the Verge of Crashing, Says Robert Kiyosaki Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has once again issued a warning about the impending crash of the stock and bond markets. Despite the stock market's upward trajectory, Kiyosaki insists that the belief in

Introduction Open Exchange (OPNX), a unique platform that allows trading of bankruptcy claims alongside crypto exchange operations, has announced its decision to shut down. This comes as co-founders Su Zhu and Kyle Davies face legal repercussions stemming from the failure of their previous venture, Three Arrows Capital. OPNX's Closure and Background OPNX will cease all

Australian Dollar Withdrawal Requests A recent ruling by the Victorian Supreme Court in January has increased the likelihood of Australian creditors of the crypto exchange FTX getting all their money back, a report has said. In his ruling, Judge Patricia Matthews clarified that only those who initiated Australian dollar withdrawal requests — about 747 investors

Bitcoin and Gold Price Appreciation Drive Tether's Record Profit In the last quarter of 2023, Tether Holdings Limited achieved a remarkable milestone with a net profit of $2.85 billion. This record-breaking performance contributed to Tether's overall net profit of $6.2 billion for the year. The stablecoin issuer's success can be attributed to various factors, including

Introduction Tether, the leading stablecoin issuer, has recently released its audit report, which highlights its significant Bitcoin holdings valued at over $2.8 billion. Conducted by BDO, a reputable auditing firm, the report provides a detailed analysis of Tether's financial position, shedding light on its success in the cryptocurrency market. Tether's Influence in the Cryptocurrency Market