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German Finance Powerhouse Deutsche Börse to Launch Cryptocurrency Exchange in 2024
By Steve Muchoki
• 3 mins read
Deutsche Börse also intends to launch its stablecoins to facilitate a seamless entry into the digital asset economy for institutional investors.
FTX Exchange Restructuring Plan Narrows Down to Three Investors Led by Former NYSE President Tom Farley
By Steve Muchoki
• 3 mins read
After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen.
Ninety Eight Unveils $25M Arche Fund Focused on Web3 Startups in Asia
By Steve Muchoki
• 3 mins read
Ninety Eight, recently rebranded from Coin98 Finance, intends to offer web3 developers with tools and funds to build on its new layer blockchain Viction and utilize its native token $C98.
Circle (USDC) Report: Stablecoins Real World Utility Rises as Speculative Trading Drops 90%
By Steve Muchoki
• 3 mins read
A recent research paper concluded that the use of stablecoins for speculative activities in the crypto assets industry has dropped by 90 percent since 2019.
Moody’s Analytics Finds over 600 Stablecoin Depegs YTD Triggered by High-Interest Rates
By Steve Muchoki
• 3 mins read
Moody’s Analytics launched its AI-enabled Digital Asset Monitor meant to track the volatility and risk in DeFi amid the mainstream adoption of stablecoins by institutional investors.
Perella Weinberg Partners: FTX Restructuring Process Narrows Down to Three Shortlisted Investors
By Steve Muchoki
• 3 mins read
Part of the shortlisted investors that want to relaunch FTX includes Proof Group.
UK Government Publishes Regulatory Framework for Crypto Assets and Stablecoins to Prevent FTX 2.0
By Steve Muchoki
• 3 mins read
Following the collapse of Terra Luna and FTX last year, the UK policymakers have committed to introducing a new regulatory regime for crypto assets and stablecoins to ensure sustainable and secure mainstream adoption.
Microsoft’s Lack of Proper App Vetting Facilitates $588K Crypto Wallet Scam via Ledger Live
By Steve Muchoki
• 3 mins read
The scam was reported by blockchain security analyst ZachXBT on Sunday hence resulting in Microsoft removing the fake Ledger Live application to avoid further damage.
Apple Reports Q4 2023 Earnings Results, AAPL Stock Drops 3% in Pre-market
By Steve Muchoki
• 3 mins read
Apple reported quarterly revenue of $89.5 billion, down 1 percent YoY, and a cash pile of $162.1 billion down from $166.5 billion at the same time last quarter.
Matrixport Analysts Expect Bitcoin Price to Rally Another 65% to $56K by EOY
By Steve Muchoki
• 3 mins read
Having maintained a bullish outlook YTD, Bitcoin price is very likely to continue in the same momentum in the next eight weeks based on historical trends studied by Matrixport.