Category: Reviews

Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody

Ranking as the sixth largest stock exchange in the European Union and second in Germany, Boerse Stuttgart is committed to doubling down on its track record concerning its new crypto service offerings. German stock exchange service provider Boerse Stuttgart Exchange has landed the license to offer a crypto custody service from the country’s top financial regulator BaFin. As reported by FinanceFeeds, the license will now position Boerse Stuttgart as a one-stop shop for service providers ranging from crypto brokerages and trading for institutional investors. The license is the first of…

Weekly Jobless Claims Climb to 198,000 as Employers Remain Reluctant to Downsize

The latest jobless claims indicate that the US labor market is tight amid rising interest rates as applications rose by 7,000. According to the Labor Department, US weekly jobless claims have climbed to 198,000, representing an increase of 7,000. Although the new figure is slightly higher than the 195,000 expected, it is still generally low in a tight labor market. The Department of Labor also reported a four-week moving average of weekly claims amounting to 198,250. This figure revealed an increase of 2,000 from the previous week’s unrevised average of 196,250. Still reporting…

Japanese Government to Create Panel to Explore Digital Yen

While there is a plan to set up a panel in April, the Japanese government is also launching a pilot program for the digital yen in the same month. As the race for digital currencies intensifies, the Japanese government is considering launching a panel to examine the practicality of the digital yen. The Finance Ministry is reportedly considering creating an expert panel in April to examine the feasibility of issuing the digital yen. Since the Bank of Japan began research on CBDC in 2020, there have been numerous experiments to…

Binance Announces Radiant Capital Integration to Its Launchpool

The Radiant Capital-Binance Launchpool development reflects the growing dynamism in the exchange’s staking platform.  Decentralized, non-custodial lending protocol Radiant Capital (RDNT) has become the 32nd project onboarded to the Binance Launchpool. Reports say users can stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm RDNT tokens across 40 days. Farming commences on March 31st with a total Radiant Capital token supply of 1,000,000,000 RDNT. Binance also announced that the Radiant Capital Launchpool rewards are equivalent to 15,000,000 RDNT, or 1.5% of the total token supply. Furthermore, the circulating supply is…

SEC Charges Beaxy and Executives for Offering Services as Unregistered Exchange

It is said that the exchange exposed its users to a very significant risk by combining several aspects of its operations that should have been registered and operated separately. The United States Securities and Exchange Commission (SEC) has charged Beaxy cryptocurrency trading platform for operating in the US as an unregistered platform. According to the regulator, Beaxy as well as its associates violated the Securities Act. The charges levied against Beaxy were also extended to its executive, Artak Hamazaspyan, featuring the raise of a total of $8 million in an…

Crypto Exchange Gemini to Launch International Derivatives Exchange

The collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading. A new report from The Information suggests that Gemini will soon launch an international cryptocurrency derivatives exchange. According to the report, Gemini has been silently working behind the scenes in the past few months to bring the plan to fruition. As part of its efforts, the exchange has reportedly reached out to several firms that can provide it with enough liquidity as it begins to work on the…

Coinbase Extends Its Commitment to Canada, Binance Plans to Exit

Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. A person familiar with the matter said that Coinbase is currently holding talks with Canadian regulators. Based out of the US,…

YES Network Announces MLB Streaming for Non-Cable Subscribers

New York-based YES Network recently introduced a streaming option for non-cable viewers to access live Yankees games.  YES Network has launched a streaming service that allows non-cable subscribers to view live New York Yankees games. The YES Network streaming service will cost $24.99 every month or $239.99 annually. However, the service also has a promotional offer of $19.99 per month, or $199.99 annually, for subscriptions before April 30th. This promotional run expires at the end of the year. Subscribers will get immediate access, just in time for the Major League Baseball (MLB)…

Recent Warner Music Layoff Likely Not to Affect Web3 and AI Employees

According to reports, the Warner Music layoff will not impact initiatives central to the company’s future, including Web3 and AI.  Despite firing 270 employees on Wednesday, Warner Music Group’s layoff will likely spare staff in the company’s Web3 and AI-focused endeavors. The record label considers these emerging tech initiatives central to its future and intends to keep them around much longer. In a company memo detailing the layoff, Warner Music told staff that it was reallocating resources to Web3 and AI projects. Warner Music has steadfastly pursued partnerships and pilot…

Andy Warhol Artworks to Launch on New Blockchain-based Platform

Each of four Warhol’s prints will be accessible as shares in the form of security tokens. Tokenized versions of some of the artworks of Andy Warhol are set to launch on a new fine platform known as Freeport. This follows after the blockchain-based art-focused platform recently bagged approval from the US Securities and Exchange Commission (SEC).  Freeport was recently looking to complete its Reg A review and its efforts finally paid off on Wednesday. This simply implies that Freeport is now licensed to sell shares of fine artworks in the…