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” Bitcoin price starts ‘Uptober’ down 0.7% amid hope for final $20K push “ Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader’s $20,500 upside target remains Data from Cointelegraph Markets Pro and TradingView showed…
” Crypto startup to save iconic fiat money sculpture with 1M euros funding “ The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic Euro monument in Frankfurt. Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over…
” Digital bank FV Bank integrates USDC stablecoin for direct deposits “ The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC). FV Bank on Wednesday announced the launch of a new service allowing its account holders to make direct deposits in USDC to the…
” Crypto Biz: The biggest problem with DeFi isn’t what you think “ Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, received a nice injection of seed funding in a bid to boost DeFi adoption among…
“Coddled Wall Streeters in for a rude back-to-the-office awakening” The most coddled generation that Wall Street has ever encountered is about to find out what it means to really go to work. That is the word coming from the C-suites of the Big Banks — Morgan Stanley, JP Morgan and Goldman Sachs. The CEOs of…
” Celsius files to reopen withdrawals for a minority of customers “ Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn. There’s a catch, however, as the motion will only apply to Custody and Withold…
” Amid crypto winter, Nexo commits additional $50M to buyback program “ Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future. On Tuesday, Nexo disclosed that its board of directors…
“Goldman Sachs workers quit en masse at ‘toxic’ Wall Street giant: sources” Goldman Sachs has been hit by a wave of defections, and the atmosphere at the financial giant is at “an all-time toxic high right now,” The Post has learned. Six overworked first-year bankers quit and walked out en masse from the bank’s 200…
” United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’ “ Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms. Speaking before the Texas Work Group on Blockchain…
” FTX US among 5 companies to receive cease and desist letters from FDIC “ The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies. FDIC issued a Friday press release disclosing cease and desist letters for cryptocurrency exchange…