The U.S. Treasury Department wants more tools to curb terror financing. Deputy Secretary Adewale O. Adeyemo is due to testify before the Senate Banking Committee Tuesday (April 9) and ask lawmakers for greater authority to block terrorist groups and state actors for using things like overseas cryptocurrency...
Will this be the year that cryptocurrency’s market capitalization surpasses the $5 trillion mark? Ripple CEO Brad Garlinghouse seems to think so. Speaking to CNBC Sunday (April 7), Garlinghouse said he expects the value of the crypto market to double in 2024, thanks to factors like the approval of the...
A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier that the company and Kwon unlawfully offered and sold crypto asset securities, the Securities and Exchange Commission (SEC), which brought the...
Blockchain/cryptocurrency company Ripple plans to launch a dollar-pegged stablecoin. The coin will be backed 100% by U.S. dollar deposits, short-term U.S. government treasuries, and other cash equivalents, according to a Thursday (April 4) press release. “This is a natural step for Ripple to continue bridging the gap...
Regulators in Singapore have given a license to cryptocurrency market maker GSR Markets. As Bloomberg News noted in a report late Wednesday (April 3), the move is a rare one for the digital asset space, where liquidity providers such as GSR still — in most cases — function...
Galaxy Digital Holdings is reportedly talking with outside investors to assemble a $100 million fund to invest in early-stage crypto companies. The planned Galaxy Ventures Fund I will focus on financial applications, software infrastructure and protocols building in crypto, aiming to invest in as many as...
Throughout nearly their entire history, cryptocurrencies have represented the archetypal innovation in search of a problem. And while they’ve succeeded as an unregulated store of value, as well as a tool for scammers, digital assets have yet to crack the nut that bitcoin itself was originally founded on...
Digital assets trading platform BitMart has deepened its collaboration with cryptocurrency payment infrastructure provider Banxa to build the ecosystem for BMX, BitMart’s native token. Together, BitMart and Banxa will launch a fiat-to-BMX purchase service for its global users, the companies said in a Tuesday (April 2) press release. “This initiative...
Crypto-focused venture capital (VC) firm Paradigm is reportedly working to raise between $750 million and $850 million for a new fund. The company is currently in talks with investors, Bloomberg reported Tuesday (April 2), citing unnamed sources. Paradigm did not immediately reply to PYMNTS’ request...
