Crypto

Nubank logs more than 1.8 million crypto users in Brazil

Nubank logs more than 1.8 million crypto users in Brazil

Digital bank Nubank has attracted more than 1.8 million Brazil-based users to its crypto platform since its full rollout at the end of June, highlighting a strong appetite for digital assets among consumers in South America’s largest country.  This figure, which represents users who have made at least one cryptocurrency purchase through Nubank’s app, …

Nubank logs more than 1.8 million crypto users in Brazil Read More »

How Crypto Sectors Are Trading Through the Dollar Strength 'Tsunami'

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’

As a whole, crypto fared far worse than equities in the week following the CPI data release. The CoinDesk Market Index (CMI), a cap-weighted index of 148 of the largest cryptocurrencies, slid 13.5% during those seven days. Here, too, we find variances based on sector. The CoinDesk Smart Contract Platform Index (SMT) – which includes …

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’ Read More »

Russian crypto ban proposal draws denunciations from Telegram's Durov and Navalny's chief of staff

Russian officials could approve cross-border settlements in crypto: Reports

Russia’s finance ministry and central bank reportedly have agreed on a bill to allow cross-border settlements in crypto, reversing the Bank of Russia’s previous opposition. The bill could give Russian citizens the ability to access crypto wallets and use cryptocurrencies under supervision of the central bank to ensure compliance with anti-money laundering legislation and …

Russian officials could approve cross-border settlements in crypto: Reports Read More »

Crypto exchange Kraken taps Marco Santori as chief legal officer

Kraken’s Jesse Powell stepping down as CEO of crypto exchange

Jesse Powell, chief executive of crypto exchange Kraken, is stepping down.  David Ripley, currently serving as Kraken’s chief operating officer, will take on the CEO role in the coming months.  Powell will continue to serve as chairman of the board at the crypto exchange he co-founded in 2011, according to Fortune.  “For …

Kraken’s Jesse Powell stepping down as CEO of crypto exchange Read More »

Crypto companies are finally looking to buy insurance. But are the policies out there worthwhile?

Crypto companies are finally looking to buy insurance. But are the policies out there worthwhile?

There is a cliché in crypto that bear markets are a time to focus on building. A time, in other words, to eschew splashier work like fundraising and partnerships in favor of the quieter business of product development.   For one of the world’s largest insurance brokers, USI, it’s been quite the opposite. The firm’s …

Crypto companies are finally looking to buy insurance. But are the policies out there worthwhile? Read More »

The Merge is a 'huge milestone for the crypto space' over energy use

The Merge is a ‘huge milestone for the crypto space’ over energy use

Vitalik Buterin’s dad Dmitry Buterin said that The Merge will be a huge milestone in how the crypto space handles “its humongous waste of energy,” one of the biggest criticisms blockchain technology faces. Speaking with The Block on Twitter, the elder Buterin — sometimes dubbed “the Grandfather of Ethereum” — said lowering the amount …

The Merge is a ‘huge milestone for the crypto space’ over energy use Read More »

JPMorgan seeking hire to push banking products onto metaverse, crypto companies

JPMorgan seeking hire to push banking products onto metaverse, crypto companies

Wall Street megabank JPMorgan is looking to expand its reach in the crypto market, seeking a new business development specialist in its payments group to target new clients across Web3, the metaverse, and crypto.  The bank — which has provided banking services for crypto exchange Coinbase — noted in a job advert on LinkedIn …

JPMorgan seeking hire to push banking products onto metaverse, crypto companies Read More »