Cryptocurrency Analysis and News Portal
The tech startup sector has recently faced challenges due to rising interest rates, which have put pressure on valuations, especially for late-stage companies. Europe’s startup ecosystem has matured significantly, and despite challenges faced by the tech industry, the region is witnessing a rise in startup mafias. According to new reports from the
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Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over
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Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping
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Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury
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The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at
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Despite the high-handed regulatory action in the United States, Nasdaq is optimistic about securing regulatory approval in the first half of 2023 for offering crypto custodial services. The 52-year-old exchange operator Nasdaq has been recently eyeing a move in the crypto market and is working to offer crypto custodial as
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Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume of Crypto Transactions in Russia Almost $13 Billion, Financial Authority Says The
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The regulator has maintained a steady stream of crypto cases over the past couple of years, but recent weeks saw a spate of enforcement actions and accusations that could form the basis of a kind of shadow rule for digital assets in the absence of formal cryptocurrency policy the industry
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It is the only blockchain where liquidity locked is growing, the report said. Source
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The surge in users and transaction volume in the past day corresponds with the launch of TROVE, the governance token for yield-bearing index protocol Arbitrove, which is also built on Arbitrum. The public sale of TROVE occurred on Camelot on Friday, Feb. 17, and will end on Monday, Feb. 20,
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