FTX-linked Moonstone bank to exit the crypto space
Following the collapse of FTX, the company has decided to rebrand and exit the crypto space. Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment…
New Hampshire gov releases report on blockchain following executive order
According to the commission, New Hampshire should work toward building a legal framework “for sound development of blockchain technologies and its applications.” The governor of New Hampshire has released the…
BIS proposes research model to study DeFi’s integration with TradFi and its risks
Bank for International Settlements researchers admired DeFi’s “competitive financial engineering” and made some highly technical aspects of DeFi somewhat more accessible. The Bank for International Settlements looked under the hood…
Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T
Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market. The total crypto market capitalization soared…
Decentralized forex will reduce cost by as much as 80%: Report
The researchers compared the cost of trading USDC and EUROC stablecoins on Uniswap with World Bank estimates of the average cost of remittances. If the foreign exchange market starts using…
OKX declares $7.5B in liquid assets in proof-of-reserves report
According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges. Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether…
City of Busan to establish digital assets exchange: Report
The Busan Digital Asset Exchange Establishment Promotion Committee said it plans to create a functional exchange by the end of the year. According to local news outlet News1, Busan, South…
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