The new platform from Gemini would offer trading in perpetual futures. Derivatives of this type are banned in the United States for retail investors due to their somewhat risky nature. Making them available in another jurisdiction would allow Gemini to offer users a product with no expiration date a

SEC chair Gary Gensler pulled no punches against crypto in a testimony to the House Financial Services Subcommittee on March 29.The meeting addressed the agency’s fiscal year 2024 budget request, and Gensler acknowledged the high pace of technological change. However, he was quick to attack the digi

Bone Shibaswap, the governance token of meme cryptocurrency Shiba Inu, is up 4% in the last 24 hours, outperforming the top five meme coins such as Dogecoin and Floki by market capitalization.What Happened: At the time of writing, BONE was trading at $1.09.The surge can be attributed to the recent s

The President of the United States – Joe Biden – thinks the turbulence that recently shook the banking sector is not entirely gone. As such, his cabinet is ready to impose further legislative changes to cope with any potential issues in the future.Two of America’s leading banks – Silicon Valley Bank

ARK Invest CEO, Cathie Wood, has made fresh proclamations that Bitcoin price could see significant price gains amid the ongoing financial crisis that has caused a loss of trust in traditional banks. In a video posted on ARK Invest’s official YouTube account, Wood reviewed the current situation facin

MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, recently passed a new "constitution" aimed at formalizing its governance process and bolstering decentralization.This constitution is a key component of the "Endgame Plan" designed to transform MakerDAO into a truly

Binance, the world's largest cryptocurrency exchange, experienced a $1.6 billion crypto withdrawal since the CFTC sued the exchange, its CEO and founder, Changpeng Zhao, and its former top compliance executive, accusing them of operating an "illegal" exchange and a "sham" compliance program, Reuters

The publicly-listed cryptocurrency company founded by an American investor Michael Novogratz, Galaxy Digital Holdings (TSX:GLXY) has published its full-year results for 2022. Galaxy showed a massive net loss due to the prolonged crypto winter dominating the previous year.In Wednesday's press release

According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter

Global blockchain leader nChain has notched many achievements in the Philippines in the past six months alone. In December 2022, it signed a memorandum of understanding with the Provincial Government of Bataan to establish a digital platform and streamline the government processes of the province.No

Last November, Sen. Elizabeth Warren (D-Mass.) said the fallout of cryptocurrency exchange FTX showed a dire need for stringent regulations to protect consumers.What Happened: Warren cited a Wall Street Journal report on the Security Exchange Commission launching a fresh probe into FTX. “The collaps

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed.

Sam Bankman-Fried has been accused of offering millions in bribes to Chinese officials in the latest criminal charge against the disgraced founder of the FTX digital asset exchange.On Tuesday, the U.S. Department of Justice unsealed its latest superseding indictment against SBF, marking the second u

Monica Crowley, former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury, explained on Fox News Saturday what would happen if emerging economies move away from the U.S. dollar towards the Chinese yuan and the USD is no longer the world’s dominant currency. She stressed:I

A federal judge has sent the so-called “Romance Scammer” to prison for a decade — nearly double what prosecutors had recommended — as punishment for a years-long scheme that reportedly bilked nearly 20 people and businesses out of more than $1.5 million.U.S. District Judge Mark Scarsi handed down a

The Hong Kong Monetary Authority (HKMA) and the Securities and Futurs Commission (SFC) are jointly organizing the session "to facilitate direct dialog" and "share practical experiences and perspectives in opening and maintaining bank accounts," Bloomberg reported.Hong Kong has been skeptical of the

The latest chapter in the Voyager sale saga saw a federal judge temporarily halt Voyager’s attempt to sell its assets to Binance.US after federal regulators opposed the deal.On March 27, District Judge Jennifer Rearden of the U.S. District Court for the Southern District of New York granted the gove

Motiv Inc., an NGO utilizing Bitcoin as a tool to address the root causes of poverty in impoverished countries, has been chosen by the Media Excellence Awards as this year's recipient of the Humanitarian Award for their efforts to improve the living conditions of underserved communities in Peru thro

The Shiba Inu ecosystem witnessed alarming SHIB token burns over the past 24 hours. The Shiba Inu community sent over 814 million SHIB tokens to the dead wallets within the past 24 hours. This is part of its strategy to check the SHIB token supply.According to an update by Shibburn, the token burn t

The world’s processing power is better served building artificial intelligence apps like ChatGPT and Google Bard than mining cryptocurrency. That’s according to Nvidia, which would rather see its GPUs used for gaming and AI.Michael Kagan, Nvidia’s chief technology officer, has stated the company nev