Tag: Business
California Regulators Permanently Revoke BlockFi’s License for Unethical Lending Practices
The California Department of Financial Protection and Innovation has taken strict action against BlockFi, a crypto lending platform, by permanently revoking its lending license due to unethical lending practices and regulatory issues. This decision...
Reframing Blockchains: Understanding Their True Focus on Time, Not Money
Blockchain technology has been gaining momentum recently, with the rise of Bitcoin and Ethereum ETFs attracting more mainstream investors to the crypto space. Decentralized projects like DeFi are also experiencing growth in users and...
Potential Timeline for Gary Gensler Losing SEC Chair Position Under Trump
President-elect Donald Trump has made promises to replace Gary Gensler as the chair of the U.S. Securities and Exchange Commission as soon as he takes office on Jan. 20. Gensler was appointed by President...
The Impact of Trump’s Presidency on Cryptocurrency Markets | Analysis
Donald Trump's surprising victory in the 2024 United States Presidential Election has had a significant impact on the cryptocurrency markets. Many in the industry are optimistic about the future of crypto under Trump's leadership.Bitcoin...
Enhancing Cross-Chain Capabilities: LetsExchange Introduces Crypto Bridge Mode
LetsExchange has recently introduced a new feature called the crypto bridge mode, which aims to enhance users' crypto exchange experience. This new mode allows users to transfer coins and tokens across different blockchain networks...
GOP Poised for Electoral Victory, Aligning with Polymarket Predictions
The Republican Party in the United States appears to be on track to maintain control of the House of Representatives, adding to their victories in the Senate and White House during the 2024 election...
Canadian Crypto Holding CEO Safely Returns After Paying $720K Ransom
The CEO of WonderFi, a publicly listed crypto holding company that owns one of Canada's largest crypto exchanges, has been safely released after he was kidnapped, Canada's CBC reported. Dean Skurka was briefly held...
Spark Introduces On-Chain Order Book for Ethereum Trading
Spark, a decentralized protocol, has recently introduced an on-chain order book for Ethereum (ETH) trading by utilizing layer-2 chain Fuel Network technology. This new system aims to provide fast execution for professional, institutional, and...
Pay Taxes in Crypto with PayPal: Detroit’s New Payment Option
Detroit residents will soon have the option to pay their taxes and other city fees using cryptocurrencies through PayPal, as announced by the Detroit Office of the Treasury. The new payment method is expected...
Square to Increase Bitcoin Mining Investment and Close ‘Web5’ Project
Jack Dorsey's company, Block (SQ), is shifting its focus towards developing equipment for bitcoin miners and its self-custody crypto wallet. This decision comes as the company plans to give up on its "Web5" project,...
