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BNY Mellon Adds to Crypto Activity with Pure Digital Bet

BNY Mellon Adds to Crypto Activity with Pure Digital Bet

Key Takeaways BNY Mellon is investing in crypto trading platform Pure Digital, along with five other banks. Pure Digital is aiming to compete with Coinbase and FTX for institutional clients. The move suggests BNY Mellon is seeing more institutional demand for cryptocurrencies. This news was brought to you by Phemex, our preferred Derivatives Partner. America’s […]
XRP Poised to Rebound on Ripple Lawsuit Development

XRP Poised to Rebound on Ripple Lawsuit Development

Key Takeaways The legal case between Ripple and the SEC has seen a new development after Ripple’s legal team claimed that the U.S. regulator violated the Securities Act. Meanwhile, a technical buy signal developed as XRP holds above a crucial support level. A spike in buying pressure could see the asset rise to $0.58. This […]
Canada CBDC “Might Be Beneficial”: Central Bank

Canada CBDC “Might Be Beneficial”: Central Bank

This news was brought to you by Phemex, our preferred Derivatives Partner. The Bank of Canada has released a staff paper detailing several benefits of CBDC adoption, citing smart contract functionality as a major boon.  Canada Explores CBDC Benefits  Canada’s central bank appears to be bullish on CBDCs. In a staff paper published Tuesday, the […]
FTX Raises $900 Million and Hits $18 Billion Valuation

FTX Raises $900 Million and Hits $18 Billion Valuation

FTX, a major cryptocurrency exchange and crypto futures trading platform, has raised $900 million in a new funding round. Funding Round Attracts Top Investors The Series B funding round brought in money from over 60 investors including SoftBank Group Corp, Sequoia, Thoma Bravo Ribbit Capital, and VanEck. Two crypto exchange funds, Coinbase Ventures and Circle, […]
Flare to Airdrop Canary Network Token to XRP Holders

Flare to Airdrop Canary Network Token to XRP Holders

XRP holders who participated in the Spark airdrop snapshot in December will receive a second airdrop, Flare Networks announced today. Flare Plans New Airdrop For XRP Holders Flare Networks has announced a new airdrop as it plans to launch a Canary Network called Songbird. In an announcement, the team said it would airdrop Songbird’s native […]
Sushi Gives Away “LSD” NFTs to Announce Trident AMM

Sushi Gives Away “LSD” NFTs to Announce Trident AMM

Key Takeaways Sushi has announced the launch of a new automated market maker, Trident. The new AMM aims to improve on capital efficiency and lower gas fees for users and will compete with existing DeFi applications. Sushi has released a limited edition LSD-themed NFT called “Bad Trip” to commemorate the launch. This news was brought […]
Ruffer Says it Sold Bitcoin to “Eschew the Mania”

Ruffer Says it Sold Bitcoin to “Eschew the Mania”

Key Takeaways Ruffer said it was no longer interested in cryptocurrency, calling the investment class to be a “speculative bubble.” In April 2021, Ruffer sold off all its Bitcoin holdings after investing last year, locking a profit of $1.1 billion. Ruffer said that Bitcoin no longer fulfills the role of a diversifying asset. Ruffer has […]
Mastercard Partners with Circle to Settle USDC Payments

Mastercard Partners with Circle to Settle USDC Payments

This news was brought to you by Phemex, our preferred Derivatives Partner. Mastercard has announced partnerships with Circle, Paxos, and Evolve Bank & Trust to facilitate simpler conversions between cryptocurrencies and traditional fiat money.  Mastercard to Simplify Crypto Payments Mastercard has announced it will enhance its card program for cryptocurrency wallets and exchanges, making the […]
Bitcoin Must Hold Support after Dipping Below $30,000

Bitcoin Must Hold Support after Dipping Below $30,000

Key Takeaways Bitcoin and Ethereum kicked off the weekly trading session in a precarious position. The bulls must hold BTC above $29,600 to avoid a 40% price drop. ETH needs to keep $1,700 as support to prevent a test of the 2018 all-time high. Roughly $98 billion has been wiped off the entire cryptocurrency market […]
BlockFi Handed Cease and Desist Order in New Jersey

BlockFi Handed Cease and Desist Order in New Jersey

Key Takeaways BlockFi has received a cease and desist order from the New Jersey Bureau of Securities. The order alleges that BlockFi Interest Accounts are funded through unregistered securities. While the significance of the news is not yet clear, markets have reacted negatively. Crypto savings provider BlockFi has received a cease and desist order from […]