Emma Davis

Singapore’s central bank unveils new frameworks to promote tokenization

November 4, 2024 1 min read

Singapore is making strides in the financial sector by promoting the use of tokenization, which involves converting assets into digital tokens. The Monetary Authority of Singapore (MAS) has introduced new frameworks designed to encourage financial institutions to adopt tokenized assets, particularly in areas like fixed income, foreign exchange, and asset management. To facilitate this shift, MAS has rolled out two important frameworks that aim to enhance liquidity, build the necessary

Michael Saylor announces plans to raise funds to buy more Bitcoin

November 3, 2024 1 min read

Michael Saylor, the co-founder and Chairman of MicroStrategy, has unveiled an ambitious plan to raise $21 billion to acquire more Bitcoin by issuing additional shares of MSTR at current market prices. This move will likely dilute the value of existing shares, which typically leads to a drop in stock prices. Surprisingly, MicroStrategy’s stock has remained relatively stable following the announcement, thanks in part to the loyalty of its shareholders and

Tether has firmly rejected claims that it is being investigated by the US government for potential anti-money laundering violations

Tether denies allegations of a U.S. government investigation into anti-money laundering violations

November 1, 2024 1 min read

Tether has firmly rejected claims that it is being investigated by the US government for potential anti-money laundering violations, following a report from the Wall Street Journal (WSJ) that cited unnamed sources. The article suggested that federal investigators in Manhattan were looking into whether Tether had been misused by individuals involved in illegal activities. Tether responded by labeling these allegations as “pure speculation,” emphasizing that there were no credible sources

Emory University’s $15.8M investment in Grayscale’s Bitcoin Mini Trust marks a historic milestone

October 29, 2024 1 min read

Emory University has made headlines by investing $15.8 million in Grayscale’s Bitcoin Mini Trust, marking a historic moment as it becomes the first university endowment to embrace a Bitcoin ETF. This decision reflects a growing trend among institutional investors, showcasing how cryptocurrencies are increasingly being accepted in traditional finance. Bloomberg analyst Eric Balchunas highlighted the remarkable adoption of Bitcoin ETFs by various institutions, including banks, hedge funds, and family offices.

Over $5 billion in Bitcoin and Ethereum options are expiring today

Over $5 billion in Bitcoin and Ethereum options set to expire

October 26, 2024 2 mins read

Today marks a significant moment in the cryptocurrency world, with over $5 billion in Bitcoin and Ethereum options set to expire. This event is stirring up anticipation for potential price fluctuations, particularly as Bitcoin has $4.25 billion and Ethereum has $1.01 billion in options expiring. Analysts are closely watching the “max pain points”—the price levels where most options contracts will expire worthless—which could influence market movements. As these options reach

Michael Saylor sparks controversy in the Bitcoin community by downplaying self-custody

October 25, 2024 2 mins read

Michael Saylor, the CEO of MicroStrategy, recently stirred up controversy in the Bitcoin community with his remarks on Bitcoin custody and regulation. In an interview, he expressed concerns about the risks associated with self-custody, where individuals manage their own Bitcoin, suggesting that it could lead to potential seizure or confiscation. Instead, he advocated for Bitcoin to be held by regulated institutions like BlackRock and JPMorgan Chase, arguing that this approach

Russian influencer faces 10 years in prison for defrauding businessmen of $22 million in a crypto scheme

October 23, 2024 2 mins read

Valeria “Bitmama” Fedyakina, a prominent Russian influencer, is currently facing serious legal trouble, with the possibility of a decade behind bars. She stands accused of swindling $22 million from four businessmen through a fraudulent crypto payment scheme. Initially, there were concerns about treason, but the focus has shifted entirely to economic crimes. Fedyakina allegedly misled these businessmen by offering them crypto services to facilitate cross-border payments, claiming to be an

Ripple co-founder Chris Larsen donates $10 million in XRP to Kamala Harris’s campaign

October 22, 2024 1 min read

Chris Larsen, the co-founder of Ripple, has made headlines again by donating a substantial $10 million in XRP to Kamala Harris’s presidential campaign. This marks his second significant contribution in a short span, following a previous donation of $1 million earlier this month. Larsen is optimistic that Harris will champion technological innovation and advocate for crypto-friendly policies within the Democratic Party, especially as many in the tech sector seem to

Bitcoin Dips Below $66,000: Will it Fall Further?

October 22, 2024 1 min read

The cryptocurrency market is currently facing a slight downturn, with the overall market cap shifting towards a bearish trend. In the midst of this, Coinbase has taken a proactive step by filing a Freedom of Information Act request with U.S. regulators, highlighting the ongoing developments in crypto regulation. Bitcoin, the leading crypto, has experienced a small price decline, dropping about 2.15% in the last 24 hours to around $66,000. Despite

Investor confidence in Bitcoin is rising, as shown by a surge in new whale wallets

October 19, 2024 1 min read

Bitcoin’s recent price trends and its ability to navigate previous hurdles have sparked a wave of optimism among investors, resulting in a notable increase in the number of large holders, often referred to as “whales.” This growing confidence in Bitcoin’s future is reflected in the significant uptick in whale wallets, as highlighted by Ki Young Ju, the CEO of CryptoQuant. He pointed out that these large investors are rapidly accumulating

Worldcoin rebrands to ‘World’ and introduces several new features

October 18, 2024 1 min read

Worldcoin has officially rebranded itself as “World,” a change announced by co-founders Sam Altman and Alex Blania during a recent event in San Francisco on October 17. This rebranding comes alongside exciting updates aimed at expanding their blockchain-based identity verification technology, which focuses on establishing ‘proof-of-humanity.’ A significant highlight of the event was the introduction of a new version of their biometric identification device, the Orb. This next-generation Orb is

FractureLabs sues Jump Trading, accusing the firm of manipulating the DIO token