The report, which follows allegations from broadcaster and former politician Nigel Farage that his bank account was shuttered over his political views, said “the most common reported reasons for personal and business account applications being declined, suspended or terminated were financial crime suspicions identified, due diligence concerns, and inactive/dormant accounts.” Source
This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school. On the latest episode of Decentralize with Cointelegraph, listeners can indulge in interview snippets, soundbites and pearls of wisdom from the likes of Blockstream CEO Adam Back and Tether chief technology officer Paolo Ardoino, as well as professionals in cybersecurity and from Chainalysis. Paolo Ardoino (left) in an interview with Joe Hall (right). Plus, hear from students who attended the school about what it’s like to live, breathe, sleep and study crypto for two weeks, 24/7. An Italian…
Similarly, the global rice market is currently under pressure as China, the world’s top rice producer, deals with severe rain and flood concerns in its grain-producing north-eastern area. Olive oil, a staple in kitchens around the world, has recently become the center of attention due to an unprecedented surge in price. As severe droughts plague major olive-producing countries in the Mediterranean region, supplies are dwindling. Drought’s Grip on Olive Production The United States Department of Agriculture (USDA) highlighted in a recent report that in September, global Olive oil prices reached…
Bastion plans to use the funds to scale its operations, attract top engineering talent, and secure additional licensing to diversify its product offerings. Bastion, a newly launched Web3 startup co-founded by two former executives from Andreessen Horowitz‘s digital assets venture division a16z Crypto, has secured $25 million in a seed funding round despite recent challenges in the venture capital landscape. In an official press release on September 18, the company announced that its former employer, a16z Crypto, led the funding round. The round also included investments from prominent companies, including…
Zodia Custody will now offer yield on digital assets to institutional clients in addition to providing its custody services. Zodia Custody, a leading crypto custody platform owned by banking giant Standard Chartered, will start providing yield on crypto holdings owned by its institutional clients. To bring this to fruition, Zodia Custody has partnered with OpenEden, a Singapore-based startup that brings real-world assets to the blockchain. Zodia Custody will use this partnership to connect digital assets held in custody by institutional clients to yield opportunities in the real world. Zodia has…
Arbitrum (ARB) is gearing up for a monumental token unlock scheduled for March 2024, poised to inject a staggering 1.11 billion ARB tokens, worth approximately $907 million at current market prices, into the cryptocurrency market. Token unlocks refer to the release of previously restricted or vested tokens into circulation. These events often have significant consequences on the price and sentiment surrounding a cryptocurrency. They can introduce inflationary pressure into the market and act as bearish catalysts, causing traders to closely monitor their schedules. 🌟 Is anyone curious about the pre/post-unlock…
Accounts monitoring blockchains for major mints, trades and token transfers have flagged a $1 billion authorization of USDT in Tether’s Treasury that is set to provide near term USDT liquidity for the Tron network. Blockchain tracker WhaleAlert highlighted the $1 billion authorisation on X (formerly Twitter), which drew a quick fire response from Tether CTO Paolo Ardoino who said that the USDT tokens would be used as inventory to “replenish” the Tron network. Ardoino added that the event was an authorization and not an actual issuance, with the allocated amount set…
Sam Bankman-Fried stands accused of committing wire fraud and conspiracy to commit several other types of frauds. His once-mighty crypto exchange, FTX, collapsed in dramatic fashion nearly a year ago, shedding billions in value. And in two weeks, he’ll begin his effort to convince a jury of his peers that he didn’t commit any of many alleged crimes while running the company. Source
While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top executives of the German Federal Financial Supervisory Authority (BaFin). In a blog post on Sept 18, Rupert Schaefer, Executive Director of Strategy, Policy and Control at BaFin, highlighted the importance of unitary global regulation of the crypto industry. Citing the unfortunate example of the FTX, Schaefer compared regulators to air traffic control, and “some crypto assets…
The amount to be charged has not been revealed. Currently, the X platform has 550 million monthly users who generate 100 to 200 million posts every day. On Monday, tech billionaire Elon Musk had a conversation with Israeli Prime Minister Benjamin Netanyahu. The discussion was mostly about the theoretical risks of artificial intelligence technology and AI regulation. During the talks, Elon Musk also shared his plans for the upcoming future and revealed that the X platform (formerly Twitter) is “moving to a small monthly payment” for the use of its services. As…