Singapore Ranks Second for Crypto Industry Despite Challenges Singapore has gained a reputation as one of the most efficient and well-regulated city-states in the world, scoring highest overall for the three measures it could control in the CoinDesk ranking of US crypto …
When it comes to the world of cryptocurrency and blockchain technology, Zug, Switzerland is the place to be. According to CoinDesk’s Crypto Hubs rubric, Zug scored highest overall for opportunity measures due to its thriving per-capita crypto-related companies and events. Additionally, Zug …
Cryptocurrency exchanges are on the move as regulatory frameworks shift eastward, bringing about the need for regulatory arbitrage. Gemini, a cryptocurrency exchange, has announced plans to boost its headcount and operations in Singapore, while Binance, Bybit, and OKX have all left Canada. …
Coinbase, one of the most prominent cryptocurrency exchanges, saw its shares drop by 15% to $47.10 on Tuesday after the US Securities and Exchange Commission (SEC) sued the company for allegedly violating federal securities laws. The SEC accused Coinbase of acting simultaneously …
The European Central Bank (ECB) has revealed prototypes for a digital euro while preparing to make a decision on whether or not to adapt the fiat currency into a new format. The potential central bank digital currency (CBDC) has been designed to …
Gulf Binance, a joint venture between global cryptocurrency exchange Binance and Gulf Energy’s innovation arm Gulf Innova, has been granted a digital asset operator license by the Ministry of Finance in Thailand. This development allows the firm to advance plans to launch …
Digital Currency Group (DCG) is shutting down TradeBlock, its trade execution and prime brokerage services unit, due to the ongoing crypto winter and regulatory uncertainties. TradeBlock, which offers trading services to institutional investors, will close down on May 31, according to a …
Nike’s Web3 platform, .SWOOSH, has released its first non-fungible token (NFT) sneaker collection, which has already surpassed $1 million in sales despite persistent technical issues that disrupted the user experience. The highly-anticipated launch began on May 15, almost a week after its …
The increasing importance of sentiment analysis in the world of cryptocurrency trading has brought about a revolution in transformers and large language models (LLMs). These models provide an incredibly efficient and scalable approach to analyzing market sentiment, delivering an improvement of traditional …
On Tuesday, stocks dropped while bitcoin continued to hold steady, demonstrating its resilience amidst ongoing regulatory issues and macroeconomic uncertainties. The world’s largest cryptocurrency by market cap was trading near $27,200, up 1.1% over the past 24 hours, and topped $27,400 shortly …