OpenSea walks back on IPO plan following community backlash
OpenSea’s new CFO Brian Roberts faced a firestorm of complaints from the NFT community based on what he said was “inaccurately reported” comments. The world’s top nonfungible token (NFT) marketplace OpenSea has denied it intends to pursue a public listing …
Big jump in investors who favor crypto over stocks: Survey
The amount of respondents who said they would be more likely to invest their money in crypto than traditional stocks increased 140% in just five months. New research by consumer data aggregator CivicScience has found that a growing number of …
Biden’s controversial anti-crypto Comptroller nominee withdraws
Saule Omarova backed out of her nomination to be the Comptroller of the Currency amid a blizzard of scrutiny over her positions on crypto and banking. The Office of the Comptroller of the Currency in the USA will operate with …
Central bank tells Thai banks not to offer crypto trading
The Bank of Thailand doesn’t want local banks or businesses using crypto, while the tourism ministry is still trying to attract crypto whales. The Bank of Thailand has stated that it does not want commercial banks to be directly involved …
Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
“We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand,” said Representative Patrick McHenry. The House Committee on Financial Services heard from several CEOs of major crypto firms in the …
Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
Friday’s sell-off made exchanges shed excess BTC even faster than before, data shows. Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView …
Hong Kong-based Chiron Partners launches $50M Terra fund
Terra’s native cryptocurrency, LUNA, has emerged as one of the best-performing digital assets of the past 11 months. Hong Kong venture capital firm Chiron Partners has launched a new ecosystem fund dedicated to Terra (LUNA), opening the door to new …
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC. On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH) and …
NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im
A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH. The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped …
‘Nation should not compensate investors for crypto losses’ says UK’s Financial Conduct Authority CEO
UK’s top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss. On Wednesday, Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct Authority, or FCA, issued the following statement …